Envestnet founder tragically killed

Founder and chief executive of Envestnet Jud Bergman has been tragically killed in a car accident alongside his wife, Hanover Hill Wealth Advisors founder Mary Miller.

A former managing director of mutual funds at Nuveen Investments, Bergman founded Envestnet in 1999 on the premise that technology could change the financial advice industry.

The company provides wealth management technology and products to financial advisers and institutions.

Its technology has been credited with fuelling the growth of independent financial advisers in the US.

Envestnet's technology is available in Australia too, with Envestnet Yodlee being a member of FinTech Australia.

Envestnet said in a statement: "It is with immeasurable sadness that we share the news that Jud Bergman, our chairman and chief executive officer, passed away as the result of a terrible car accident.

"As Envestnet's founder, Jud was a remarkable leader whose vision, brilliance and drive built the foundation for Envestnet's success."

The New York Post and Chicago Tribune reported Bergman and Miller were among four people killed last week when an "impaired" driver driving the wrong way on a San Francisco highway crashed into the taxi they were travelling in.

The driver of the taxi and the driver of the other car were also reportedly killed in the collision.

Envestnet said of Bergman: "He always understood there was an important role for the human adviser-it was the combination of technology and the human adviser that provided the best result for the investor."

"As the industry evolved, Jud's vision grew, but he was always focused on the end result for the investor, which was enhancing financial wellness and helping advisors drive better financial outcomes and improve lives.

"We extend our most heartfelt condolences to Jud and Mary's family. Our thoughts are with them at this most difficult time. Jud's spirit will forever be the foundation of Envestnet."

Read more: Envestnet Jud BergmanMary MillerHanover Hill Wealth AdvisorsFinTech AustraliaChicago TribuneEnvestnet YodleeNew York PostNuveen Investments
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