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Lori Hardwick resigns from COO job at Pershing in 'completely unexpected' move

The longtime Envestnet exec is apparently leaving to join an entrepreneurial venture just a year after surprising observers by taking the post at the BNY Mellon subsidiary

Author Brooke Southall February 1, 2017 at 11:27 PM
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Lori Hardwick's tour at Pershing is over after a single year as she proves too restless an entrepreneur for life under BNY.

Women of Wealth Management


Stephen Winks

Stephen Winks

February 2, 2017 — 5:33 PM
The need for innovation has never been greater. An imaginative use of prudent process and advanced technology to drive down cost and greatly elevate the advisors value proposition places immense stree on the conventional brokerage business model. The most profound innovation can not be executed within the conventional brokerage format--thus room for the emergence of a new advisory services business model too disruptive for brokerage. Look for advisory services cost to the consumer to decline by 50% or more without cuts in advisor compensation while investment counsel is greatly enhanced. . SCW

Related Moves

May 9, 2019 at 2:18 AM

Pershing restores Ben Harrison as sole heir to Mark Tibergien -- for now -- but solo tenure may be temporary, with other top talent in the wings

Co-Head Maura Creekmore's departure leaves Harrison at the top by default, but the company is mum on future hiring and how much RIA autonomy gets sacrificed in name of 'convergence.'

January 19, 2023 at 3:31 AM

BNY Mellon's new CEO is an RIA fan, and Pershing Advisor Solutions made a big personnel move to reflect it

Charles Scharf loosened the Pershing purse strings for Mark Tibergien who created 'head of platforms' position for Christina Townsend

March 12, 2019 at 10:14 PM

Bill Crager shuffles the deck on management team created just seven months ago: Tony Leal is out of 'Big Three' inner circle, replaced by Morgan Stanley vet Rose Palazzo

The RIA software 'trailblazer' and co-founder of MoneyGuidePro has been working on departure for a year; will transition to a 'consultant,' company says

January 7, 2023 at 1:50 AM

See more related moves

Mentioned in this article:

Pershing Advisor Solutions
Asset Custodian
Top Executive: Mark Tibergien

Envestnet Inc
TAMP
Top Executive: Jud Bergman



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