Former Ibbotson President to Lead Envestnet's New Retirement Group

April 15, 2008 (PLANSPONSOR.com) - Envestnet has announced Mike Henkel, former President of Ibbotson Associates, has been named Managing Director for the firm's newly-established Retirement Services Group.

While Henkel was at Ibbotson Associates, he developed Ibbotson’s 401(k) advice efforts and established the firm as a leading provider in the space. “His knowledge of independent 401(k) advice services will be an incredible asset for Envestnet and our clients as we deliver a series of retirement services this year and in the future,” said Bill Crager, President, Envestnet, in the announcement.

Henkel was also selected as a delegate to the National Summit on Retirement Savings in 2002. Prior to joining Ibbotson, he worked at a variety of companies including Knight Ridder Financial Publishing, Lotus Development Corporation, and Data Resources Inc.

Envestnet Asset Management provides wealth management solutions to independent financial advisers.

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