| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
55 |
| Employees |
4,000 |
| Revenues (TTM) (Millions $) |
1,337 |
| Net Income (TTM) (Millions $) |
-265 |
| Cash Flow (TTM) (Millions $) |
150 |
| Capital Exp. (TTM) (Millions $) |
96 |
Business Description
Envestnet Inc. is an American financial technology company that provides integrated wealth management solutions to financial advisors, institutions, and their clients. The company is headquartered in Chicago, Illinois, and has additional offices located in New York, San Francisco, Denver, and Trivandrum, India.
Envestnet was founded in 1999 by Judson Bergman and James Lumberg, both of whom remain active in the company to this day. The company first began offering a web-based platform that allowed financial advisors to manage their clients' investments more efficiently. Over time, Envestnet expanded its offerings to include a broader range of wealth management solutions, such as portfolio management, financial planning, and practice management tools.
Today, Envestnet serves over 100,000 advisors across approximately 4,900 companies, with more than $4.7 trillion in assets on its platform. The company's clients range from small financial advisory firms to large institutions, including banks, broker-dealers, and insurance companies. Envestnet's solutions are designed to help advisors streamline their workflow, improve client outcomes, and meet their compliance obligations.
Envestnet operates through three segments: Envestnet Wealth Solutions, Envestnet Tamarac, and Envestnet Retirement Solutions. Envestnet Wealth Solutions provides wealth management technology for financial advisors and institutions, including portfolio management, financial planning, risk assessment, and other investment-related tools. Envestnet Tamarac offers portfolio management and reporting software for independent registered investment advisors (RIAs), including performance reporting, billing, and CRM. Envestnet Retirement Solutions provides technology solutions to retirement plan providers and sponsors, enabling them to manage and administer retirement plans more efficiently.
Overall, Envestnet has become one of the leading players in the wealth management technology space, with a reputation for innovation and customer service. The company continues to expand its offerings and client base, positioning itself as a key player in the evolving financial services industry.
Company Address: 1000 Chesterbrook Boulevard Berwyn 19312 PA
Company Phone Number: 827-2800 Stock Exchange / Ticker: NYSE ENV
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1.64%