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People Moves: Envestnet Hires Cybersecurity Leader, $800M Morgan Stanley Alum Joins Evolve
Yahoo Finance· 2026-02-19 16:47
Group 1: Envestnet's Cybersecurity Leadership - Envestnet has appointed Rich Friedberg as the Chief Information Security Officer (CISO) to oversee its cybersecurity protocols, bringing over 25 years of experience in cybersecurity within financial services and national security [2] - CEO Chris Todd emphasized that security, including cybersecurity, is foundational to trust and wealth management, highlighting the strategic importance of Friedberg's role [2][3] - Friedberg will report to the Chief Technology Officer and lead the enterprise information security strategy, focusing on cyber risk management and AI-enabled security operations [3] Group 2: Evolve Private Wealth's Growth and Leadership - Brett Cohen, a former Senior Vice President at Morgan Stanley, has joined Evolve Private Wealth as a managing partner, managing approximately $800 million in client assets during his tenure at Morgan Stanley [4] - Evolve Private Wealth, founded in 2022 and fully independent since January 2025, now manages over $2.5 billion in assets and has a team of 22 employees, expanding its national footprint with Cohen's addition [5] - Cohen specializes in wealth management services for business owners and multigenerational families, focusing on investment strategy, tax planning, estate coordination, and strategic business advice [6]