BERWYN, PA — Envestnet (NYSE: ENV) has created a new Chief Growth Officer role and appointed industry veteran Jonathan Linstra, marking a pivotal step in the company’s strategy to scale its wealth technology platform as advisor demands grow more complex and competitive.
The move comes as the wealthtech industry enters a new phase shaped by rising client complexity, increased demand for personalization at scale, and the need for tightly integrated platforms that enable advisors to deliver comprehensive, outcomes-driven advice. Envestnet said the new leadership structure is designed to pair scalable distribution with deep enterprise and registered investment advisor relationship management to drive long-term value creation.
Linstra joins Envestnet’s executive leadership team reporting to Chief Executive Officer Chris Todd. As Chief Growth Officer, he will lead growth priorities across sales execution, revenue generation, and advisor engagement, bringing unified leadership to distribution strategy, pipeline discipline, and go-to-market execution across Envestnet’s enterprise, Tamarac, and MoneyGuide platforms.
Over the past year, Envestnet has sharpened its strategic focus by expanding managed accounts capabilities across broker-dealers and RIAs, advancing its unified managed account platform with advisor-traded sleeves, flexible householding, alternatives access, and enhanced portfolio management, and delivering trading, reporting, and managed account solutions designed around how advisory firms operate. Company officials said those efforts reflect a single ambition: to work toward delivering the industry’s leading wealthtech platform.
To support that goal, Envestnet is committing $1 billion in product investment over the next five years, strengthening its go-to-market alignment by client segment, and building a roadmap that integrates planning, trading, reporting, and portfolio construction capabilities.
The new role operates in close coordination with Envestnet’s enterprise and RIA relationship management organization, led by Chief Relationship Officer Andrew Stavaridis, who continues to report to Todd. Stavaridis is responsible for driving growth, expansion, and revenue within Envestnet’s existing client base and has led efforts to refine client segmentation and unify account executives and key account managers under a single structure.
“The creation of the Chief Growth Officer role alongside the Chief Relationship Officer role reflects Envestnet’s evolution as the market opportunity expands,” Todd said. He added that Linstra brings proven experience scaling distribution and translating strategy into disciplined execution, while Stavaridis remains the senior partner for the company’s largest enterprise and RIA clients.
Linstra brings more than 25 years of experience in revenue generation, distribution, and advisor engagement across global asset management and wealth technology firms. Most recently, he served as Managing Director of the Americas for Morningstar Wealth. His prior roles include senior leadership positions at State Street Global Advisors, Janus Henderson Investors, Rydex Investments, Curian Capital, and Van Kampen Investments, and service on the Board of Governors for the Money Management Institute.
Stavaridis said Envestnet’s recent focus on segmentation and engagement has positioned the firm for this next phase, as it deepens relationships with its most strategic clients.
The leadership changes highlight Envestnet’s effort to align people, platforms, and go-to-market execution as competition intensifies across the wealth management technology landscape.
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