Envestnet Names Chief Growth Officer, Morningstar Expands Vanguard Relationship
Envestnet Names Chief Growth Officer
Envestnet, the Adaptive WealthTech company, today announced the appointment of Jonathan Linstra as chief growth officer (CGO).
Linstra joins Envestnet’s executive leadership team reporting to Chris Todd, chief executive officer, leading growth priorities across sales execution, revenue generation, and advisor engagement.
This role operates in close partnership with Envestnet’s enterprise and RIA relationship management organization, led by Andrew Stavaridis, chief relationship officer, who continues to report to Todd and is responsible for driving growth, expansion and revenue of the firm’s existing client base.
“The creation of the Chief Growth Officer role alongside the Chief Relationship Officer role reflects Envestnet’s evolution as the market opportunity expands,” said Todd. “Jonathan is a proven growth leader who understands how to scale distribution, align offerings to advisor behavior and enterprise priorities, and translate strategy into disciplined execution. His leadership strengthens our ability to drive sustained, repeatable growth.”
Linstra brings over 25 years of experience in driving revenue, distribution, and advisor engagement for global asset management and wealth technology firms. He most recently served as managing director of the Americas for Morningstar Wealth, overseeing revenue generation and distribution for its investment management business.
Previously, Linstra held senior leadership roles at State Street Global Advisors, including managing director and head of ETF Model Portfolios & Advised Solutions. Earlier in his career, Linstra held sales and distribution leadership positions at Janus Henderson Investors, Rydex Investments, Curian Capital, and Van Kampen Investments, and served on the Board of Governors for the Money Management Institute.
“Envestnet sits at the center of the wealth management value chain,” said Linstra. “Winning in this next phase is about alignment, not accumulation, aligning people, platforms, and go-to-market execution around how advisors and clients actually work. My focus is on helping advisors scale faster, operate more efficiently, and turn Envestnet’s platform strength into consistent, repeatable results.”
NEXT: Morningstar Completes CRSP Acquisition, Expands Vanguard Relationship
Morningstar Completes CRSP Acquisition, Expands Vanguard Relationship
Morningstar, Inc. revealed it has completed its previously announced acquisition of the Center for Research in Security Prices (CRSP), a provider of historical stock market data and indexes from the University of Chicago, for $365 million, subject to customary adjustments.
The acquisition of CRSP brings the CRSP Market Indexes, benchmarks for over $3 trillion in U.S. equities spanning market capitalizations, investment styles, and sectors, into the Morningstar Indexes division.
The CRSP indexes will be rebranded under the Morningstar name.
Morningstar also announced its agreement with Vanguard that confirms the continued use of CRSP indexes to underpin a range of Vanguard funds, including the Vanguard Total Stock Market Index Fund (VTSAX and VTI), and Vanguard Mid-Cap Index Fund (VIMAX and VO).
“The addition of CRSP furthers our efforts to disrupt the costly, entrenched index industry with indexes that deliver more value at global scale to benefit investors. With over $4.2 trillion in assets linked, including over 370 investment products, Morningstar offers a better alternative to legacy index providers,” said Amelia Furr, president of Morningstar Indexes. “By working together with Vanguard, Morningstar Indexes will continue to serve as the foundation for some of the world’s largest funds and advance low-cost investing for millions of investors.”
“For nearly 50 years, Vanguard has been at the forefront of index investing,” said Rodney Comegys, CIO of Vanguard Capital Management and head of global equity at Vanguard. “Our agreement with Morningstar reinforces our steadfast commitment to delivering low costs, broad diversification and strong performance for investors. The academically rigorous methodology of the CRSP indexes provides a world-class foundation for long-term success, empowering clients to pursue their investment goals with confidence.”
NEXT: Empower Pledges $1k to Trump Accounts
Empower Pledges $1k to Trump Accounts
Empower announced it will provide a $1,000 benefit to match the Treasury Department’s contribution for every Empower associate whose children qualify for a deposit under the recently established Trump Accounts program.
“Starting early matters,” said Edmund F. Murphy III, president and CEO of Empower. “When investing begins at an early age, time and compounding can be advantageous to every investor. This benefit helps families take that first step and reinforces the idea that investing should be accessible to everyone.”
To qualify for the accounts, children must be born in the U.S. between Jan. 1, 2025, and Dec. 31, 2028, according to government rules. Empower said it will share additional details on eligibility, timing, and administration directly with associates.
NEXT: Waverly Advisors Acquires Pure Portfolios
Waverly Advisors Acquires Pure Portfolios
Waverly Advisors has acquired Pure Portfolios, a wealth management firm based in Lake Oswego, Ore.
This acquisition supports Waverly’s growth strategy and introduces a new market in Oregon as the firm expands across the greater Pacific Northwest.
Founder, President & Chief Investment Officer Nik Schuurmans and Chief Financial Officer Toby Weber will join Waverly as partners and wealth advisors. The entire Pure team joins Waverly with the acquisition, increasing Waverly’s assets under management by approximately $437 million.
“For a firm established within the last decade, Pure has demonstrated exceptional growth and built a strong presence in its regional market,” said Justin Russell, president and CEO of Waverly. “The professionalism, discipline and intentional approach Nik, Toby and their team bring to the business are exactly the qualities Waverly looks for in new partners.”
“From the beginning, our mission has been to help clients make better money decisions through data, discipline, and the relentless pursuit of what works,” said Nik Schuurmans, founder of Pure Portfolios. “Partnering with Waverly allows us to expand that mission by adding deeper tax and estate planning resources, strengthening our ability to grow responsibly and serve clients more holistically. I can’t wait to get started.”
The acquisition of Pure marks Waverly’s 30th transaction since accepting an equity investment in December 2021 from Wealth Partners Capital Group (WPCG) and HGGC’s Aspire Holdings platform. The transaction closed on January 30, 2026.
NEXT: CW Advisors Buys Rovin Capital
CW Advisors Buys Rovin Capital
CW Advisors, LLC (CWA), a registered investment advisor (RIA), headquartered in Boston, has acquired Rovin Capital, LLC (Rovin).
Rovin is a fee-only RIA with offices in Lehi, Utah, and Mesa, Ariz., with assets under management (AUM) and assets under advisement (AUA) totaling $849 million. The acquisition expands CWA’s footprint in the western United States, with Rovin leading the firm’s focused growth strategy in the region. Terms of the transaction are not disclosed.
“We are excited to welcome the Rovin team to CW Advisors,” said Scott Dell’Orfano, chief executive officer at CWA. “Like CWA, delivering a superior client experience is their top priority. Their unwavering commitment to exceptional customer service along with their history of robust growth, make them a perfect complement to our firm.”
“Joining CWA allows us to elevate the service we provide to our clients with enhanced client solutions and access to expanded resources,” said Markell Staffieri, chief executive officer and president at Rovin. “We are excited to add our collective experience to the greater CWA team.”
Following the acquisition, CWA operates 23 offices nationwide, employs more than 160 professionals, and oversees more than $16 billion in assets under management. The Lehi office is CWA’s first in Utah, and the Mesa location becomes CWA’s second office in Arizona. Rovin is the second firm to join CWA since its acquisition by Osaic in August 2025.
NEXT: Butler Associates and Shore Group Announce Merger
Butler Associates and Shore Group Announce Merger
Butler Associates Financial Planners, Inc. (Butler Associates), led by Jason Sturm, and Shore Group Advisors, led by Jon Shore, today announced their intent to merge, forming a single wealth advisory firm supported by Osaic.
Upon closing, Butler Associates will rebrand under the Shore Group Advisors name. With the merger, Shore will become CEO and Sturm will take over as CFO.
With more than $500 million in assets under management (AUM), the merged firm will be headquartered in Sunset Hills, MO while expanding its reach from Florida to the Pacific Northwest.
Butler Associates and Shore Group Advisors were introduced through their affiliation with Osaic.
“By joining forces with Shore Group Advisors, we strengthen our ability to deliver exceptional client service, deepen our bench of expertise and expand our reach from the Midwest to both coasts,” said Sturm. “Our focus remains on helping clients live with confidence — empowering retirees to stay comfortably retired and helping professionals reach a point where work becomes optional.”
“We’ve always believed great financial planning isn’t just about money — it’s about time, freedom and family,” said Jon Shore, founder of Shore Group Advisors. “Joining forces with Butler Associates allows us to bring that philosophy to more people while staying true to our Midwestern roots and values. The Shore Group Advisors brand represents our collective strength, continuity and shared purpose.”
The organizations said they are also expanding their “the advisor’s advisor” services, which helps financial professionals preparing for succession, retirement or practice transitions.
NEXT: Summit Global Launches ETF Suite
Summit Global Launches ETF Suite
Summit Global Investments has announced the launch of its new Enhanced Model Portfolios, a suite of ETF-driven investment strategies designed to provide investors with greater access to portfolio management techniques traditionally reserved for larger, more complex accounts. The new models incorporate option income strategies to enhance return potential while maintaining a disciplined, index-focused investment approach.
“These portfolios represent a significant step forward in expanding access to advanced investment strategies,” said Dave Harden, CEO of Summit Global. “Investors today are looking for solutions that go beyond traditional asset allocation. The Enhanced Model Portfolios are designed to provide more dynamic risk management and return opportunities, while maintaining transparency and disciplined oversight.”
Key features of the Enhanced Model Portfolios include:
- ETF-driven strategies utilizing option income to enhance portfolio returns
- Mid- to large-cap market exposure
- Index-focused investment strategies
- Active portfolio management
- Low correlation to traditional asset classes
- A goal of pursuing positive returns in both up and down markets
Summit Global says the Enhanced Model Portfolios are intended for investors who are comfortable with added portfolio complexity in exchange for the potential for differentiated outcomes. By integrating options strategies within a diversified ETF framework, the models seek to provide advisors with new tools to help clients navigate market volatility while remaining aligned with long-term financial goals.
NEXT: Meritage Aligns with CAPTRUST
Meritage Aligns with CAPTRUST
Meritage Portfolio Management has joined CAPTRUST Financial Advisors.
Meritage provides wealth management services to high-net-worth individuals, as well as retirement plan and endowment and foundation investment management. Led by President and Co-Chief Investment Officer Mark Eveans and Principal Jim Klein, Meritage operates out of Kansas City, has $2.4 billion in client assets, and brings 17 new colleagues to CAPTRUST, including nine advisors.
“By joining CAPTRUST, we are positioning ourselves for long-term success,” said Mark Eveans. “This strategic step gives our team access to a broader network of resources and support that will help us create new opportunities for both our clients and colleagues.”
“Meritage has a unique perspective and proven expertise that complements our capabilities,” said Nick Blasi, principal and Midwest regional leader at CAPTRUST. “Kansas City has become a key growth market for CAPTRUST, and Meritage’s reputation for thoughtful, trusted client relationships adds tremendous value as we continue to expand. This addition strengthens our ability to serve clients locally while supporting our long-term national growth.”
In recent years, CAPTRUST has added several firms in Kansas City, including Frontier Wealth Management in 2022, and also Wichita. With the addition of the Meritage team, the firm now has 54 employees in the state and two locations in Kansas City.
Meritage joined CAPTRUST in December 2025. As with previous transactions, Meritage will adopt the CAPTRUST brand. Houlihan Lokey served as Meritage’s financial advisor in the transaction.