Envestnet Inc

ENV: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$36.00	Rdkqtz	Ktckhvwpt

Envestnet Finally Sees Margin Progress but Revenue Pressure, Particularly at Yodlee, Is a Concern

Rajiv Bhatia

Jan 8, 2024

Business Strategy and Outlook

Envestnet was founded in 1999 to offer independent advisors access to a comprehensive wealth-management platform. The firm’s founder, the late Jud Bergman, sought to capitalize on the move to independent RIAs from wirehouse firms and the move to a fee-based advice from a commission-based model.

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We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

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