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Envestnet Inc ENV Stock Quote

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Morningstar‘s Stock Analysis ENV

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Envestnet’s Wealth Solutions Have Secular Growth but Margin Expansion Has Been Lackluster

Rajiv Bhatia, CFA Equity Analyst

Business Strategy and Outlook

| Rajiv Bhatia, CFA |

Envestnet was founded in 1999 to offer independent advisors access to a comprehensive wealth-management platform. The firm’s founder, the late Jud Bergman, recognized two major trends in the industry. The first was the move away from the wirehouse firms. The second was the move from a commission-based toward a fee-based model.

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Company Profile ENV

Business 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 provides 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.

35 East Wacker Drive, Suite 2400
Chicago, IL, 60601
T +1 312 827-2800
Industry Software - Application
Most Recent Earnings Sep 30, 2022
Fiscal Year End Dec 31, 2022
Employees 4,375