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Envestnet inc   (ENV)
Other Ticker:  
 
    Sector  Services    Industry Professional Services
   Industry Professional Services
   Sector  Services
 
Price: $61.5900 $-0.06 -0.097%
Day's High: $61.85 Week Perf: -2.62 %
Day's Low: $ 61.51 30 Day Perf: 1.6 %
Volume (M): 5,562 52 Wk High: $ 73.04
Volume (M$): $ 342,551 52 Wk Avg: $52.79
Open: $61.85 52 Wk Low: $33.12



 Market Capitalization (Millions $) 3,411
 Shares Outstanding (Millions) 55
 Employees 4,900
 Revenues (TTM) (Millions $) 1,272
 Net Income (TTM) (Millions $) -202
 Cash Flow (TTM) (Millions $) 9
 Capital Exp. (TTM) (Millions $) 114

Envestnet Inc
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
   


   

Stock Performances by Major Competitors

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Business Update

Fidelity and Envestnet Powering the Future of Unified Wealth and Advisory Platforms

Published Thu, Jun 13 2024 3:47 PM UTC

In a significant move towards revolutionizing the wealth management industry, Fidelity Investments and Envestnet have announced an expansion of their long-standing relationship. This alliance aims to deliver a next-generation unified wealth and advisory platform that capitalizes on the success of Fidelity Managed Account Xchange (FMAX) and leverages Envestnet's market-leadi...

Envestnet Inc

Envestnet Inc. Continues to Thrive, Showing Solid Growth in Q1 of 2024

The recent financial results of Envestnet Inc. are certainly encouraging, with a notable revenue increase of 8.786% year on year to $324.95 million in the first quarter of the 2024 earnings season. This growth has supported the company in reaching profitability once again, with earnings per share standing at $0.05. Additionally, the company saw a significant improvement in net earnings, with a net profit of $0.539 million compared to a net loss of $-42.761 million in the same period last year.
Despite these positive developments, it is important to note that Envestnet's revenue surge of 8.786% came in below the industry average of 8.88% compared to the corresponding period a year before. This indicates that while the company is on a positive trajectory, there may be room for further growth and improvement in order to outperform its competitors in the Professional Services sector.

Envestnet Inc

2. Uncovering the Financial Turmoil: A Closer Look at Envestnet Inc's Troubling Quarter in 2023

Envestnet Inc. is a leading provider of intelligent systems for wealth management and financial wellness. The company recently reported its financial results for the quarter and year ended December 31, 2023. During this period, Envestnet experienced both positive and negative changes in various key financial metrics.
One significant change was the increase in shortfall per share. For the October to December 31, 2023 timeframe, Envestnet's shortfall per share amounted to $-3.35, compared to $-0.59 in the previous year. This indicates a significant decline in profitability. Additionally, earnings per share fell from $0.13 to $-3.35, which further shows a negative impact on the company's financial performance.

Product Service News

Envestnet Inc. Amplifies Technological Edge at D.A. Davidson Technology Summit, Reports Revenue Growth amidst Fierce Competition

Published Mon, Nov 13 2023 1:00 PM UTC

Envestnet Inc. to Participate in D.A. Davidson Technology Summit
Envestnet Inc., a leading provider of intelligent systems for wealth management and financial wellness, has announced its participation in the upcoming D.A. Davidson Technology Summit. The fireside chat will take place on November 16, 2023, in New York, NY, beginning at 8:45 AM ET. Investors and interested ...

Envestnet Inc

Envestnet Inc Soars with a Whopping $8.82 Million Income Tax Refund Boosting Earnings!

Financial News Report:
Envestnet Inc Reports Positive Turnaround in Q3 2023
Berwyn, PA - Envestnet (NYSE: ENV), a leading provider of intelligent systems for wealth management and financial wellness, has reported its financial results for the three and nine months ended September 30, 2023. The company showcased a positive turnaround during this period, achieving significant milestones and improving key financial metrics.
For the July to September 30, 2023 financial time-frame, Envestnet Inc recorded earnings per share (EPS) of $0.13, a notable improvement compared to the negative EPS of $-0.13 reported a year ago. Additionally, the company's EPS turned positive from the previous quarter, rising from $-0.39 per share. This strengthening of earnings demonstrates Envestnet's successful measures in boosting profitability.






 

Envestnet Inc's Segments
 
 
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  Revenue Outlook
Envestnet Inc does not provide revenue guidance.

Earnings Outlook
Envestnet inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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