OverviewSuggest Edit

Envestnet is a company providing wealth management technology and services to investment advisors. It develops Envestnet Tamarac, a solution for integrated portfolio rebalancing, performance reporting, and customer relationship management. The company also offers Envestnet MoneyGuide financial planning solutions, the Envestnet Yodlee data aggregation and analytics platform, Envestnet PMC (Portfolio Management Consultants), Envestnet Retirement Solutions, and other products.

TypePublic
Founded1999
HQChicago, IL, US
Websiteenvestnet.com
Employee Ratings4.2
Overall CultureC-

Latest Updates

Employees (est.) (Dec 2020)4,250(+2%)
Job Openings27
Revenue (FY, 2020)$998.2 M(+11%)
Share Price (Jun 2021)$79.2
Cybersecurity ratingCMore

Key People/Management at Envestnet

Bill Crager

Bill Crager

Co-Founder, Chief Executive Officer & Director
Stuart Depina

Stuart Depina

President
Debra Devoe

Debra Devoe

Chief Compliance Officer, Managing Director
Josh Mayer

Josh Mayer

Chief Operating Officer
Shelly O'Brien

Shelly O'Brien

Chief Legal Officer, General Counsel, and Corporate Secretary
Sharon Rosenthal

Sharon Rosenthal

Chief Human Resources Officer
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Envestnet Office Locations

Envestnet has offices in Chicago, Berwyn, Boston, Denver and in 14 other locations
Chicago, IL, US (HQ)
35 E Wacker Dr 24th floor
Berwyn, PA, US
1000 Chesterbrook Blvd #135
Boston, MA, US
75 State St
Denver, CO, US
1801 California St
Midlothian, VA, US
15521 Midlothian Turnpike #201
New York, NY, US
489 5th Ave
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Envestnet Financials and Metrics

Envestnet Revenue

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Envestnet's revenue was reported to be $998.23 m in FY, 2020
USD

Revenue (Q1, 2021)

275.1m

Gross profit (Q1, 2021)

182.2m

Gross profit margin (Q1, 2021), %

66.2%

Net income (Q1, 2021)

14.9m

EBIT (Q1, 2021)

16.8m

Market capitalization (11-Jun-2021)

4.3b

Closing stock price (11-Jun-2021)

79.2

Cash (31-Mar-2021)

372.0m

EV

4.8b
Envestnet's current market capitalization is $4.3 b.
USDQ2, 2011

Financial Leverage

1.4 x
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Envestnet Operating Metrics

Envestnet's Enterprise Customers was reported to be 2.5 k in FY, 2016.
FY, 2011FY, 2012FY, 2013Q1, 2014Q2, 2014Q3, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017

Advisors

19.6 k16.09 k30.63 k32.39 k33.53 k36.15 k40.24 k41.33 k42.41 k43.59 k47.33 k49.39 k51.15 k52.05 k54.34 k55.14 k57.51 k59.48 k

Platform Accounts

929 k1.68 m2.24 m2.35 m2.5 m2.73 m2.86 m2.98 m3.07 m3.2 m3.47 m3.64 m5.74 m5.88 m6.1 m5.82 m6.51 m6.72 m

Platform Assets

$140 b$368 b$537 b$572.47 b$621.93 b$667.74 b$713 b$749.17 b$792.52 b$788.56 b$852 b$880.01 b$1 t$1.09 t$1.1 t$1.13 t$1.22 t$1.29 t

Enterprise Customers

2.5 k
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Envestnet Acquisitions / Subsidiaries

Company NameDateDeal Size
FolioDynamixJanuary 02, 2018$195 m

Envestnet Revenue Breakdown

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Envestnet revenue breakdown by business segment: 22.6% from Envestnet | Yodlee and 77.4% from Envestnet

Envestnet Cybersecurity Score

Cybersecurity ratingPremium dataset

C

73/100

SecurityScorecard logo

Envestnet Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Envestnet Online and Social Media Presence

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Envestnet Company Culture

  • Overall Culture

    C-

    65/100

  • CEO Rating

    B+

    73/100

  • Compensation

    B

    77/100

  • Diversity

    D

    58/100

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Envestnet News and Updates

Envestnet | MoneyGuide and Oyster Consulting Collaborate to Help More Firms, Advisors Offer Financial Planning Services

RICHMOND, Va., April 20, 2021 /PRNewswire/ -- Envestnet | MoneyGuide today announced a partnership with Oyster Consulting to offer paraplanning services to mutual clients. The collaboration aims to empower more financial advisors to cost-effectively initiate, scale and deepen financial...

Financial Dots signs with Envestnet for Open Banking

Financial Dots Limited has chosen Envestnet | Yodlee (NYSE: ENV), a leading data aggregation and data analytics platform for financial services, to provide open banking and non-open banking data services for its customers with an initial client focus in the United Kingdom.

Envestnet buys Harvest Savings & Wealth Technologies

Envestnet (NYSE: ENV) announced today it has acquired fintech innovator Harvest Savings & Wealth Technologies, which provides automated goals-based saving tools and wealth solutions to banks, credit unions, trust companies, and other financial institutions.

Envestnet | MoneyGuide Launches 'Spend vs. Borrow' and 'Mortgage Refinance' Blocks to Enhance Ongoing Advisor-Client Conversations

RICHMOND, Va., March 29, 2021 /PRNewswire/ -- Envestnet | MoneyGuide announced the launch of two new blocks – the Spend vs. Borrow Block and the Mortgage Refinance Block – in its MyBlocksSM series. "Given the current interest-rate environment, many Americans are wondering whether now...

BOK Financial Advisor Trust Services Now Available as Embedded Offering via Envestnet Trust Services Exchange

CHICAGO, March 25, 2021 /PRNewswire/ -- Envestnet, Inc. (NYSE: ENV) announces that BOK Financial (NASDAQ: BOKF) has joined the Envestnet Trust Services Exchange, powered by Trucendent, in a partnership aimed at providing financial advisors and their clients with access to a nationally...

Envestnet | Yodlee appoints Open Banking product director for Emea

Envestnet | Yodlee (NYSE: ENV), a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services, today announced the appointment of William Napier as Product Director, Open Banking for Europe, the Middle East, and Africa (EMEA).
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Envestnet Blogs

How Today’s Advisors Are Promoting Financial Education Among Young People

In a recent blog post, we examined the existing financial education crisis in America and the daunting reality that many Americans are woefully uninformed about the basics of personal finance...

PMC Global Macro Team: A Quick Review Of The Trends You Should Be Tracking

Envestnet | PMC provides independent advisors, broker-dealers, and institutional investors with comprehensive manager research, portfolio consulting, and portfolio management to help improve client outcomes...

What You Need To Know About Our Q2 Release

Have you noticed any changes within the Envestnet platform? Aligning with our Platform Roadmap, our latest release is now live!

PMC Global Macro Team: A Look At The Latest Trends Impacting The Markets

Envestnet | PMC provides independent advisors, broker-dealers, and institutional investors with comprehensive manager research, portfolio consulting, and portfolio management to help improve client outcomes...

The Inflation Conversation: Preparing Your Clients For The Potential Impact To Their Financial Portfolios

As inflation increasingly becomes a topic of speculation in the media, it may be top of mind for your clients...

What Biden’s Tax Agenda Could Mean for Your Clients’ Financial Plans

President Biden released a proposal this week that would raise the top capital gains rate for millionaire investors...
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Envestnet Frequently Asked Questions

  • When was Envestnet founded?

    Envestnet was founded in 1999.

  • Who are Envestnet key executives?

    Envestnet's key executives are Bill Crager, Stuart Depina and Debra Devoe.

  • How many employees does Envestnet have?

    Envestnet has 4,250 employees.

  • What is Envestnet revenue?

    Latest Envestnet annual revenue is $998.2 m.

  • What is Envestnet revenue per employee?

    Latest Envestnet revenue per employee is $234.9 k.

  • Who are Envestnet competitors?

    Competitors of Envestnet include Finicity, AssetMark and SS&C Advent.

  • Where is Envestnet headquarters?

    Envestnet headquarters is located at 35 E Wacker Dr 24th floor, Chicago.

  • Where are Envestnet offices?

    Envestnet has offices in Chicago, Berwyn, Boston, Denver and in 14 other locations.

  • How many offices does Envestnet have?

    Envestnet has 20 offices.