Envestnet Overview

  • Year Founded
  • 1999

Year Founded

  • Status
  • Public

  • Employees
  • 3,100

Employees

  • Stock Symbol
  • ENV

Stock Symbol

  • Investments
  • 30

  • Share Price
  • $62.20
  • (As of Wednesday Closing)

Envestnet General Information

Description

Envestnet provides wealth-management technology and solutions to registered investment advisors, banks, broker/dealers, and other firms. Its Tamarac platform provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software to high-end RIAs. Envestnet's portfolio management consultants provide research services and consulting services to assist advisors, including vetted third-party managed account products. In November 2015, Envestnet acquired Yodlee, a provider of data aggregation, which is reported in the firm's data and analytics segment. In 2019, Envestnet acquired MoneyGuidePro to bolster its financial planning tools.

Contact Information

Formerly Known As
Envestnet Asset Management Group Inc
Ownership Status
Publicly Held
Financing Status
Formerly VC-backed
Primary Industry
Financial Software
Other Industries
Other Financial Services
Asset Management
Stock Exchange
NYS
Corporate Office
  • 1000 Chesterbrook Boulevard
  • Suite 250
  • Berwyn, PA 19312
  • United States

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Envestnet Stock Performance

(As of Wednesday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$62.20 $61.80 $33.12 - $68.83 $3.11B 55.1M 493K -$4.38

Envestnet Financials Summary

In Thousands,
USD
TTM 31-Dec-2023 FY 2023 31-Dec-2023 FY 2022 31-Dec-2022 FY 2021 31-Dec-2021
EV 3,662,780 3,662,780 4,146,288 4,911,823
Revenue 1,245,620 1,245,620 1,239,784 1,186,517
EBITDA (85,098) (85,098) 58,800 152,965
Net Income (238,724) (238,724) (80,939) 13,296
Total Assets 1,877,252 1,877,252 2,112,165 2,241,182
Total Debt 990,351 990,351 1,039,256 965,781
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Envestnet Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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Envestnet Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion
Price
% Owned

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Envestnet Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Envestnet provides wealth-management technology and solutions to registered investment advisors, banks, broker/dealers,
Financial Software
Berwyn, PA
3,100 As of 2023
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0000000000 00000000
Concord, CA
000 As of 0000
00000
00.000 0000-00-00
00000000 00000

000 00

dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut
00000 0000000000
Oaks Village, PA
0000 As of 0000
000.00
000000000000 000.00
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Envestnet Competitors (45)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
AssetMark Formerly PE-Backed Concord, CA 000 00000 00000000 00000
SEI Investments Formerly VC-backed Oaks Village, PA 0000 000.00 000000000000 000.00
Adhesion Wealth Advisor Solutions Formerly PE-Backed Charlotte, NC 00 00.000 000000&0
InvestEdge Private Equity-Backed Canonsburg, PA 00 000 000000000000 000
Broadridge Financial Solutions Corporation New York, NY 00000 00.000 000000000 00 00.000
You’re viewing 5 of 45 competitors. Get the full list »

Envestnet Executive Team (49)

Name Title Board Seat Contact Info
James Fox Interim Chief Executive Officer & Chairman
Dana D'Auria Co-Chief Investment Officer & Group President, Envestnet Solutions
Farouk Ferchichi Group President, Envestnet Data and Analytics
Josh Warren JD Chief Financial Officer
Richard Aneser Chief Strategy Officer
You’re viewing 5 of 49 executive team members. Get the full list »

Envestnet Board Members (17)

Name Representing Role Since
Barbara Turner Self Board Member 000 0000
Gayle Crowell Self Board Member 000 0000
Gregory Smith Self Board Member 000 0000
James Fox Envestnet Interim Chief Executive Officer & Chairman 000 0000
Lauren Wolfe Self Board Member 000 0000
You’re viewing 5 of 17 board members. Get the full list »

Envestnet Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Envestnet Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Envestnet Investments & Acquisitions (30)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
FIDx 10-Nov-2022 00000 0000 000.00 Financial Software 0000000 0
Redi2 Technologies 01-Jul-2022 0000000000 000.00 Financial Software 0000000 0
Truelytics 01-Jul-2022 0000000000 000.00 Business/Productivity Software 0000000 0
401kplans.com 31-May-2022 0000000000 000.00 Other Financial Services 000000 00
Ellevest 06-Apr-2022 Later Stage VC 0000 Financial Software
You’re viewing 5 of 30 investments and acquisitions. Get the full list »

Envestnet Subsidiaries (10)

Company Name Industry Location Founded
Folio Dynamics Holdings IT Consulting and Outsourcing Chicago, IL 2018
Truelytics Business/Productivity Software Austin, TX 0000
401kplans.com Other Financial Services Naples, FL 0000
Harvest Savings & Wealth Technologies Financial Software Larkspur, CA 0000
Redi2 Technologies Financial Software Boston, MA 0000
You’re viewing 5 of 10 subsidiaries. Get the full list »

Envestnet ESG

Risk Overview

Risk Rating

Updated August, 10, 2023

24.48 | Med Risk

Risk Scale

A lower score indicates better sustainability

Negl

0-10

Low

10-20

Med

20-30

High

30-40

Severe

40+

Exposure

Exposure refers to the extent to which a company is exposed to different material ESG issues

00.00

Management

Management is related to actions taken to manage ESG issues

00.00

Peers Analysis

Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.

Global

Covered Companies

00 of 16,173

Rank

00.00

Percentile

Software & Services

Industry

00 of 1,101

Rank

00.00

Percentile

Internet Software and Services

Subindustry

00 of 244

Rank

00.00

Percentile

To view Envestnet’s complete esg history, request access »

Envestnet Exits (2)

Company Name Exit Date Exit Type Exit Size Status Buyers
YieldX 14-Oct-2021 00000 00000 00 0000 Completed
  • 000000000
Upside Financial 24-Feb-2015 Merger/Acquisition 00.000 Completed
To view Envestnet’s complete exits history, request access »

Envestnet FAQs

  • When was Envestnet founded?

    Envestnet was founded in 1999.

  • Who is the founder of Envestnet?

    Brandon Thomas JD, James Lumberg, and Scott Lee are the founders of Envestnet.

  • Who is the CEO of Envestnet?

    James Fox is the CEO of Envestnet.

  • Where is Envestnet headquartered?

    Envestnet is headquartered in Berwyn, PA.

  • What is the size of Envestnet?

    Envestnet has 3,100 total employees.

  • What industry is Envestnet in?

    Envestnet’s primary industry is Financial Software.

  • Is Envestnet a private or public company?

    Envestnet is a Public company.

  • What is Envestnet’s stock symbol?

    The ticker symbol for Envestnet is ENV.

  • What is the current stock price of Envestnet?

    As of 17-Apr-2024 the stock price of Envestnet is $62.20.

  • What is the current market cap of Envestnet?

    The current market capitalization of Envestnet is $3.11B.

  • What is Envestnet’s current revenue?

    The trailing twelve month revenue for Envestnet is $1.25B.

  • Who are Envestnet’s competitors?

    AssetMark, SEI Investments, Adhesion Wealth Advisor Solutions, InvestEdge, and Broadridge Financial Solutions are some of the 45 competitors of Envestnet.

  • What is Envestnet’s annual earnings per share (EPS)?

    Envestnet’s EPS for 12 months was -$4.38.

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