Tom Sipp

Tom Sipp is an accomplished executive in the financial technology sector, currently serving as the Executive Vice President of Business Lines at Envestnet, Inc. He plays a pivotal role in the growth and alignment of Envestnet's fiduciary solutions, overseeing its research, overlay, and portfolio management teams. Sipp has been instrumental in integrating various services and enhancing the company's wealth management platform, which boasts significant metrics such as $6 trillion in assets under administration (AUA) and over 20 million client accounts.124

Background and Experience

Sipp co-founded Magis Capital Partners and previously held the position of Chief Financial Officer at Sculptor Capital Management. His extensive career includes senior roles at major financial institutions like Credit Suisse, where he served as Global Chief Operating Officer for Wealth & Asset Management, as well as positions at Fidelity and Gartmore. His educational credentials include a Bachelor’s degree in Finance from Alfred University and an MBA from the University of Pittsburgh Katz Graduate School of Business. He is also a Chartered Financial Analyst (CFA) and actively participates on the boards of various Envestnet exchanges.245

Recent Contributions

Recently, Sipp has been involved in discussions regarding Envestnet's strategic direction following its acquisition by Bain Capital for $4.5 billion. He emphasized that this partnership aims to enhance the company’s market position rather than implement cuts or restructuring.3 Additionally, he has been vocal about Envestnet's commitment to integrating its services to provide a seamless experience for financial advisors and their clients, focusing on holistic financial planning solutions.15

Sipp's leadership is characterized by a focus on innovation and strategic partnerships, which are crucial for navigating the competitive landscape of wealth management technology.34