Amazon: What can you say about AWS 2018 results? #AWS

Tom Paine

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  • Amazon Web Services (AWS) revenue grew 47% in 2018, to $25.7 billion. That's actually up from 43% growth in 2017, challenging assumptions for now that AWS was following the law of large numbers into a gradually declining growth rate.

  • AWS operating margins grew from 24.9% in 2017 to 28.7% in 2018, a neat trick that will be hard to repeat.

  • For the fourth quarter, Amazon North America delivered slightly more operating income than AWS - $2.25 billion to $2.18 billion.

  • AWS continued to expand its infrastructure in 2018 to best serve customers, launching the AWS GovCloud (US-East) and AWS Europe (Stockholm) Regions, and announcing plans for both the AWS Africa (Cape Town) as well as the AWS Europe (Milan) Regions.

  • Sorry, AWS will not be adding a Philadelphia region in 2019.

  • AWS introduced AWS Backup, a centralized backup service that enables businesses to back up their data across the AWS network and on-premises more efficiently

  • The remarkable thing is how AWS manages to get so many projects off the ground simultaneously.
    It implies a business structure that is flat, and not a central command and control structure.

  • Ellie Mae, Korean Air, Santander’s, Openbank, Pac-12, Mobileye, Guardian Life Insurance, Amgen and National Australia Bank were large new enterprise customers added during the year. The number of financial institutions mentioned is notable.

  • AWS' impact upon the computing industry is more extraordinary since most of customer spend is at the Infrastructure as a Service level rather than more value added apps that run on top of them. Yet at the same time AWS is gradually moving up the value chain.

A list of AWS 2018 enhancements is included in the Amazon Earnings Press Release .

Read Timothy Pickett Morgan's WHEN DOES AWS BREAK THROUGH $100 BILLION? for a look at AWS growth

Envestnet and PIEtech Announce Partnership with Apprise Labs (Press Release)

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Envestnet and PIEtech Announce Partnership with Apprise Labs
Software companies collaborate on advanced tax, legacy and estate planning capabilities

Envestnet Logo
Jan 30, 2019, 16:15 ET

CHICAGO, Jan. 30, 2019 /PRNewswire/ -- Envestnet (NYSE: ENV) and PIEtech® have come together with Edmond Walters to form Apprise Labs, a new startup focused on building software to address estate planning, lifetime cash flow and client retirement needs. The next generation software will add detailed short-term cash flow and tax information to each firm's financial planning solutions, Envestnet Logix and MoneyGuide. The new add-ons will allow advisors to collaborate with clients through an interactive and rewarding user interface to plan for their family's unique legacy needs.

During their on-stage presentation at the T3 Advisor conference tomorrow, Envestnet CEO Jud Bergman, PIEtech co-CEO Bob Curtis and Apprise Labs founder Edmond Walters will unveil that the add-ons will provide advanced, cash flow-based tax and estate planning functionality. Clients using the MoneyGuide platform or the Logix tool will have access to more advanced and interactive estate planning options later in 2019.

"We are excited to be working with two of the most trusted names in the industry to develop a new collaborative financial planning tool that will empower advisors to provide a higher level of client service," said Jud Bergman, Chairman and CEO of Envestnet. "These new capabilities will use visual, interactive technology to help clients manage important financial decisions pertaining to home sales, retirement investments and assets, inheritance gifts, endowment contributions and more. This solution further advances Envestnet's mission of offering holistic financial wellness solutions that make people's lives easier."

Apprise Labs is led by Edmond Walters, the founder and former CEO of eMoney, a premier cash-based financial planning software. As a long-time developer of financial planning tools, Walters recognized a demand for more savvy software that advisors can use to guide their clients through complex decisions related to family finances and the transfer of wealth.

"This technology allows the advisor to show their value. The next generation of tools are going to enable both the advisor and clients to co-create and co-design their plans live and interactively," said Walters. "Whether you are showing a sale of a business, creating trusts for your spouse or gifting to charity or even setting up a private foundation, you should be able to see everything interactively working together. Both the cash flow and estate plan. Coupled with the advisor's case experience, this tool has the potential to provide enormous value to clients and prospects."

Key imbedded and fully integrated add-on features that will be available to users for each platform include:

Estate Planning: Client assets are displayed and broken down in one easy to understand portfolio dashboard.
Cash Flow: Advisors can compartmentalize cash flow by strategy or focus area, such as retirement savings, inheritance gifts, or endowment contributions.
Content Updates: Up-to-date information and content strategy from credible financial experts.
Snapshot: All expenses are tracked and displayed for the advisor to gain a holistic financial planning picture of each client.
"Engaging digital experiences are critical in our industry, as consumer technology raises the bar for seamless, on-demand client service. For over a decade, we have been constantly innovating and redesigning our software to bring a collaborative, goal-based planning experience to advisors and their clients. With this partnership, PIEtech is one step closer to fulfilling its mission of providing advisors with an interactive experience that addresses the intricacies of their clients' lives, from detailed short-term cash flow to estate and legacy planning," said Bob Curtis, co-CEO of PIEtech. "Legacy decisions can be one of the hardest subjects to approach with a client, and we're thrilled to provide advisors with leading technology that can showcase their planning in a dynamic, two-way conversation."

Advisors at the T3 Advisor Conference will be the first to see how in-person legacy conversations with clients can be more impactful with new technology developed by Apprise Labs for both Envestnet and MoneyGuide. Additional information about this new solution will be released at the Envestnet Advisor Summit in Austin, Texas from May 1-3, 2019.

About Envestnet
Envestnet, Inc. (NYSE: ENV) is a leading provider of intelligent systems for wealth management and financial wellness. Envestnet's unified technology empowers enterprises and advisors to more fully understand their clients and deliver actionable intelligence that drives better outcomes and improves lives.

Envestnet Wealth Solutions enables enterprises and advisors to better manage client outcomes and strengthen their practices through its leading Wealth Management Operating System and advanced portfolio solutions. Envestnet Tamarac provides portfolio management, reporting, trading, rebalancing and client portal solutions for registered independent advisors (RIAs). Envestnet Data & Analytics provides intelligent solutions that enable dynamic innovation through its Envestnet Yodlee platform.

More than 3,500 enterprises and over 92,000 advisors including: 15 of the 20 largest U.S. banks, 43 of the 50 largest wealth management and brokerage firms, over 500 of the largest Registered Investment Advisors, and hundreds of Internet services companies leverage Envestnet technology and services.

For more information on Envestnet, please visit and follow @ENVintel.

About Apprise Labs
Apprise Labs is a newly founded startup located in the suburbs of Philadelphia, PA. Our goal is to provide innovative and collaborative presentation tools for financial advisors to use alongside their clients. Apprise Labs' software addresses estate planning, lifetime cash flow and client retirement needs.

About PIEtech
PIEtech is the creator of MoneyGuide, a financial planning platform tailored to meet the needs of individual advisors. Headquartered in Powhatan, VA, PIEtech is focused on helping more Americans control their financial future and security by planning for it. For more information on MoneyGuide's powerful planning solutions, visit

Envestnet contact:
Weber Shandwick
Katie Fitzpatrick

Apprise Labs contact:
Kristine Walters

PIEtech contact:
FiComm Partners
Jessica Torchia

SOURCE Envestnet

Related Links

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DEC 10, 2018, 09:00 ET
Envestnet's Latest Platform Upgrades Help Foster Meaningful...

AUG 21, 2018, 09:00 ET
Envestnet Enhances User Experience With Latest Platform Updates...


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eMoney founder Walters will lead new competitor (Update) #fintech #appriselabs

Tom Paine

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Edmond Walters / LinkedIn

Edmond Walters, founder of eMoney Advisor, the Radnor-based financial planning software firm that Fidelity acquired four years ago, is back in the business with a startup that will compete against his old firm.

Walters sold eMoney to Fidelity in 2015 for $250 million.

Apprise Labss was introduced today at the T3 Advisor Conference in Dallas. The company is backed by Walters and two of eMoney's biggest rivals: Envestnet and PIEtech.

"This technology allows the advisor to show their value. The next generation of tools are going to enable both the advisor and clients to co-create and co-design their plans live and interactively" Walters said in a statement.

eMoney has grown considerably since the Fidelity buyout, and is among the largest tech employers in the region.

PIETech runs the MoneyGuide suite of products, while Envestnet runs Logix. But they are missing the financial planning capabilities of eMoney.

Walters is now free of non-compete restrictions, but one can only imagine a thicket of legal issues that his competing against eMoney might create.

A press release says that Apprise Labs is located in the suburbs of Philadelphia ,

A full rollout of Apprise Labs' new software will take place later in 2019.

Update: From a phone discussion with Apprise Labs:

Apprise Labs is currently located in Berwyn.

Apprise's software has been in development since July 2018.

They employ 11 people right now. However, they say that they're are always looking for more talent and would be interested in Software Engineers and Senior UX/UI Designers (email:

Apprise is privately held and funded by Edmond Walters, PIETECH and Envestnet(33% equity each).

Busy MissionOG co-leads two fintech deals

Tom Paine

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Philly-based VC firm MissionOG has been busy recently, announcing two new fintech investments in the new year:

  • Co-led with Insight Venture Partners a £25m funding round for Featurespace , a UK-headquartered developer of analytics software for use in fraud detection and risk management.

    Featurespace board member Mike Lynch, who faces criminal charges in the UK for accounting issues at Autonomy (acquired by what was then HP), stepped down from the board.

MissionOG Fund II, announced on Sep 6, 2018, raised a total of $61M.