Armed with capital from its initial public offering this week, Envestnet Inc.’s top executive said the company doesn’t have any dramatic acquisition plans on the horizon. Instead he’d prefer to maintain its slow and steady approach.
“We see this IPO as the next step of our growth,” Jud Bergman, the Chicago-based company’s chief executive officer, said in an interview Thursday. “This is not a quantum leap. It is just going to give us additional capital that we can put to use in the coming quarter and year to develop or acquire a promising practice management technology or enhance what we have. We want to broaden our offerings of investment solutions as well.”
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