The wealthtech industry was shocked with the news late Thursday that Jud Bergman, Envestnet's co-founder and CEO, died in a car accident along with his wife, Mary Miller. Bergman, 62, was a well-respected and liked figured across the industry.
Immediately following news of his death, tributes poured in from many of those who worked with him and knew him well.
"Even though we were competitors, we had an instant friendship and I actually always looked forward to getting together with Jud," said Eric Clarke, CEO of Orion Advisor Services. "He always had a tremendous amount of respect for our industry and was a true visionary when it came to thinking about where the independent advice business could go. I don’t think Jud was always satisfied with the status quo and he really enjoyed pushing it to be better. It is a horrible tragedy and I just cannot express how badly I feel for his kids."
At the Riskalyze Fearless Investing Summit in Boston, CEO Aaron Klein opened Friday with a moment of silence to a shocked crowd. He announced that Riskalyze board member Lori Hardwick, a co-founder of Envestnet with Bergman, had left the conference to return home to her family upon hearing the news.
"Our community will always remember him as a warm and caring individual whose genius lives on in the company that he founded and the lives that he influenced," Klein said. "Looking back, I'm not sure that there's anybody who has made quite as many chess moves in the financial technology space as Jud has. And each move has driven the industry forward and elevated the profession of financial advice."
"Jud was an industry icon, fearless leader, genuine and caring human being," said Redtail Technology CEO Brian McLaughlin. "We lost a visionary innovator and his impact to our industry will continue to be felt for many years. God bless him and his family."
"He was awesome," added Craig Iskowitz, founder and CEO of fintech consultancy the Ezra Group. He said he only knew Bergman for three years and was initially intimidated by him. He said he was floored that Bergman knew who he was before they formally met.
McLaughlin also said he was initially scared and nervous to first meet Bergman. "Cause it was 'Jud,'" he said. "But minutes into our first meeting you just knew he wasn't someone to be afraid of, but rather someone to learn from. He was kind and thoughtful and brilliant."
Here are a few of the tributes posted on social media honoring Bergman and reacting to the news of his death.
Jud lived a very purposeful life. He loved his family, his company, and his customers and advisors. I will miss my friend and mapping our ideas on napkins together. - Edmond
This is one of the saddest things to happen for our industry. I love this man and admire him as a friend and aspiration. I will miss my lovely long dinners with him. A genuine renaissance man for the ages. God bless you and your amazing wife. https://t.co/svKLQHmkl8
Our industry has lost one of it's greatest leaders and a wonderful guy too. I am in shock! CHP: Wrong-way driver to blame for deadly Highway 101 crash in San Francisco https://t.co/lcMarWruEH via @sfchronicle
Jud Bergman was one of those CEOs you couldn't wait to interview: a strategic thinker with a vision. My thoughts to his family and all those close to him and his wife. https://t.co/8XIn3AjB5r
Our deepest condolences go out to the Bergman family and the @ENVIntel team. Jud Bergman was a true visionary who set the bar for the financial services industry. He will be greatly missed.
We are deeply saddened to learn of the passing of Envestnet founder and CEO Jud Bergman and his wife Mary Miller. Our deepest condolences to the Bergman and @ENVintel families.
My thoughts and prayers go out to the entire @ENVintel team, the Bergman family and the loved ones of the others that passed. We lost one of the greatest minds and biggest hearts in our industry yesterday. Jud and Mary will be sorely missed.
HighTower is profoundly saddened to hear about the death of our friends Jud Bergman and Mary Miller-Bergman. We send our deepest condolences to their family and the whole Envestnet community.
On behalf of the @Skience team, we would like to send our deepest condolences to @EnvIntel on the loss of their outstanding leader Jud Bergman. He was a great partner and colleague.
It was hard to focus when filming this clip w/ Jud Bergman. The question: what is your favorite throwback tech? Common quips: GameBoy, blackberry. For Jud: holley four barrel carburetors. Afterwards I looked at him and thought: you are a genius. May your memory be a blessing. https://t.co/TQtKgBgS3A
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