'Bain Is Not Coming in Here to Cut': Envestnet Exec

What You Need To Know

• Bain is not focused on cuts but on helping the firm expand its position, says Tom Sipp, an EVP of Envestnet.
• Some observers have painted the deal as a sign of Envestnet's struggles, but that framing misses the bigger picture, he and two other executives argue..
• The firm was sold Thursday to Bain Capital and a group of minority investors for $4.5 billion.