Envestnet

Envestnet, Inc. engages in the provision of intelligent systems for wealth management and financial wellness. It operates through the following segments: Envestnet Wealth Solutions and Envestnet Data & Analytics. The Envestnet Wealth Solutions segment provides unified wealth management software and services to empower financial advisors and institutions. The Envestnet Data & Analytics segment provides data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services. The company was founded by Judson Taft Bergman, James Winfield Lumberg, William C. Crager, and Brandon Rockwell Thomas in 1999 and is headquartered in Chicago, IL.

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Earnings data Q1 2024

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Earnings data Q4 2024

Envestnet reports robust Q4 results, eyes margin expansion in 2023

Envestnet showcased resilience in Q4 2022 with strong financial performance and strategic investments driving growth.
The company's focus on modernization, efficiency, and high-margin services positions it well for future profitability.
Challenges in research business and managing costs are acknowledged, with opportunities in data business and revenue growth strategies.
Envestnet's outlook for 2023 includes margin expansion and continued progress towards long-term financial targets.

Envestnet reports strong Q1 results, eyes growth through partnerships and AI

Envestnet's Q1 performance reflects strength in organic asset growth and market positioning. Challenges in the data business and onboarding delays require strategic focus. Opportunities lie in partnerships, AI utilization, and adapting to industry shifts for continued growth.

Envestnet reports solid Q2 earnings, eyes margin expansion opportunities

Envestnet's Q2 2023 performance reflects strong financials, growth in assets under management, and a focus on expense management.
The company's strategic strengths lie in its integrated ecosystem investments, higher-margin solutions, and partnerships driving revenue growth.
While facing challenges in certain business segments, Envestnet is leveraging opportunities for margin expansion, cross-selling, and new revenue streams.

Envestnet delivers solid Q3 results, eyes growth through partnerships

Envestnet's Q3 performance reflects financial strength and strategic focus on client engagement and revenue diversification. Challenges include managing fee rate dynamics and revenue mix shifts. Opportunities exist in subscription revenue growth and expanding client relationships.

Envestnet exceeds Q4 expectations, poised for growth in 2024

Envestnet's strong financial performance in Q4 2023 and full year positions the company well for continued growth in 2024.
Challenges in the data and analytics segment are being addressed through revenue stabilization efforts and new product launches.
Opportunities lie in deepening client relationships, industry leadership, and strategic partnerships for sustained growth.

Envestnet reports strong Q1 earnings, focuses on growth strategies

Envestnet's Q1 2024 earnings call showcased robust financials, strategic positioning for growth, and a focus on client and shareholder value.
The company's strengths lie in its leading Wealth Management platform, commitment to financial discipline, and innovative pricing strategies.
Challenges include reorienting the Data and Analytics business and managing fee rates amidst AUM growth, while opportunities exist in client engagement and revenue expansion.

Envestnet reports robust Q2 earnings, eyes growth amid pending acquisition

Envestnet delivered strong financial performance in Q2 2024, driven by revenue growth and increased adviser count.
The pending acquisition by Bain Capital and solid free cash flow generation position the company for future growth.
Challenges include managing expenses and addressing noncash items impacting financial results.
Opportunities lie in potential synergies from the acquisition, expanding adviser base, and leveraging data capabilities for innovation.

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Envestnet, Inc. (NYSE: ENV) is an independent provider of technology-enabled, web-based investment solutions and services to financial advisors. By integrating a wide range of investment solutions and services, their technology platform provides financial advisors with the flexibility to address their client's needs. They work with financial advisors who are independent, as well as those who are associated with small or mid-sized financial advisory firms and larger financial institutions, which they refer to as enterprise clients. They focus their technology development efforts and their sales and marketing approach on addressing financial advisors’ front-, middle- and back-office needs. They believe that their investment solutions and services allow financial advisors to be more efficient and effective in the activities critical to their businesses by facilitating client interactions, supporting and enhancing portfolio management and analysis, and enabling reliable account support and administration.  Their centrally-hosted technology platform provides financial advisors with the flexibility to choose freely among a wide range of investment solutions, services, investment managers, and custodians to identify those that are most appropriate for their clients.

Envestnet, Inc. (NYSE:ENV ) Q1 2022 Earnings Conference Call May 5, 2022 5:00 PM ET Company Participants Brian Shipman – Head of Investor Relations Bill Crager – Chief Executive Officer Pete D'Arrigo – Chief Financial Officer Conference Call Participants Devin Ryan – JMP Securities Michael Young – Truist Securities Alex Kramm – UBS Ryan Bailey – Goldman Sachs Chris Donat – Piper Sandler Surinder Thind – Jefferies Patrick O'Shaughnessy – Raymond James Operator Greetings, and welcome to the Envestnet First Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Envestnet's (ENV) CEO Bill Crager on Q1 2022 Results - Earnings Call Transcript

Envestnet (ENV) delivered earnings and revenue surprises of 4.44% and 0.36%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Envestnet (ENV) Q1 Earnings Top Estimates

BERWYN, Pa.--(BUSINESS WIRE)--Envestnet (NYSE: ENV), a leading provider of intelligent systems for wealth management and financial wellness, today reported financial results for the three months ended March 31, 2022.     Three months ended     Key Financial Metrics   March 31,   % (in millions, except per share data)   2022   2021   Change GAAP:             Total revenues   $ 321.4     $ 275.1   17 % Net income (loss)   $ (14.7 )   $ 14.9   n/m   Net income (loss) per diluted share attributable

Envestnet Reports First Quarter 2022 Financial Results

Latest Innovations Build on the Firm's Technology Roadmap To Support a Single View of a Client's Entire Financial Life BERWYN, Pa. , April 28, 2022 /PRNewswire/ -- Envestnet has launched a series of technology updates throughout its ecosystem, designed to meet and exceed the evolving technology and investing needs of financial advisors and their clients.

Envestnet's Spring Technology Releases Further Enhance Its Financial Wellness Ecosystem

Door's Digital Platform Streamlines Information Management for Asset Managers & Research Analysts BERWYN, Pa. , April 20, 2022 /PRNewswire/ -- Envestnet announces a partnership with Door, a leading global digital due diligence and risk management platform, to streamline and optimize its research on asset managers and their investment strategies across the Envestnet ecosystem, and the industry.

Envestnet Partners with Door to Digitize & Optimize Exchange of Information in the Due Diligence Process

BERWYN, Pa. , April 18, 2022 /PRNewswire/ -- Envestnet today announced plans to expand into the small to medium-sized business (SMB) market by introducing data and digital solutions that empower SMBs to intelligently connect, grow, protect, and manage the financial wellness of their business all in one place.

Envestnet Data and Analytics to Enter the Small to Medium-Sized Business Market

BERWYN, Pa.--(BUSINESS WIRE)--Envestnet, Inc. (NYSE: ENV), today announced that the Company will release first quarter 2022 financial results on Thursday, May 5, 2022 after market close. The Company will host a conference call and earnings webcast to discuss first quarter 2022 financial results on Thursday, May 5, 2022 at 5:00pm ET. The conference call will be webcast live from the Company's investor relations website at https://investor.envestnet.com/. A replay will be available on the investo

Envestnet to Announce First Quarter 2022 Results on May 5, 2022

UBS Group AG

CHICAGO and NEW YORK , March 31, 2022 /PRNewswire/ -- UBS (NYSE: UBS), Envestnet (NYSE: ENV), and iCapital1 today announced that the Alternatives Exchange is now live, providing private market investment opportunities to Envestnet's client base with more than 35 funds available from managers across geographies and strategies. Users of Envestnet's Alternatives Exchange will now also have access to the AltsEdge™ Certificate Program, the award-winning2 educational initiative jointly created by iCapital and Chartered Alternative Investment Analyst (CAIA) Association to help advisors build their knowledge of the alternative investment space and how this asset class can potentially benefit their clients.

UBS, Envestnet and iCapital Announce Launch of Alternatives Exchange Platform Offering Expanded Access to Alternative Investment Strategies and Education

Industry's Preeminent In-Person Conference Features Keynotes from NASCAR Star Danica Patrick, Entrepreneur Peter Diamandis & Envestnet CEO Bill Crager CHICAGO , March 24, 2022 /PRNewswire/ -- For the first time since 2019, Envestnet (NYSE: ENV) invites financial advisors and professionals to convene in person for the 2022 Envestnet Advisor Summit, to be held May 11-12 at the Charlotte Convention Center in Charlotte, N.C. This year, the industry's highly anticipated conference will give advisors a firsthand look into how Envestnet is disrupting FinTech through connections and innovations across its financial wellness ecosystem—empowering advisors with the technology, solutions, and insights to help their clients achieve an Intelligent Financial Life™.

Envestnet Invites Advisors to Connect, Innovate & Disrupt at 2022 Advisor Summit in Charlotte May 11-12

CHICAGO, March 10, 2022 /PRNewswire/ -- Envestnet, Inc. (NYSE: ENV) announces that Farouk Ferchichi has been named Global Head of Envestnet Data and Analytics, bringing together the combined capabilities of Envestnet | Yodlee, Envestnet Analytics (Wheelhouse), and Abe AI. This strengthened data and analytics focus under Mr.

Envestnet Names Farouk Ferchichi Leader of Data and Analytics Business

CHICAGO--(BUSINESS WIRE)--Envestnet, Inc. (NYSE: ENV), today announced that the Company will be participating in the following investor conferences: On Tuesday, March 8, 2022, the Company will be participating in a fireside chat at The JMP Securities Technology Conference in San Francisco, CA. The discussion will begin at 11:30AM ET. On Wednesday, March 9, 2022, the Company will be participating in a fireside chat at the Raymond James Institutional Investors Conference in Orlando, FL. The discu

Envestnet to Participate in Upcoming Conferences

Envestnet's (ENV) fourth-quarter 2021 earnings decrease year over year while revenues increase.

Envestnet's (ENV) Q4 Earnings Beat Estimates, Revenues Up Y/Y

Envestnet, Inc. (ENV) CEO Bill Crager on Q4 2021 Results - Earnings Call Transcript

Envestnet (ENV) delivered earnings and revenue surprises of 2.04% and 2.54%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Envestnet (ENV) Q4 Earnings and Revenues Beat Estimates

CHICAGO--(BUSINESS WIRE)--Envestnet (NYSE: ENV), a leading provider of intelligent systems for wealth management and financial wellness, today reported financial results for its quarter and year ended December 31, 2021.     Three Months Ended       Year Ended     Key Financial Metrics   December 31,   %   December 31,   % (in millions, except per share data)   2021   2020   Change   2021   2020   Change GAAP:                         Total revenues   $ 319.6     $ 263.8   21 %   $ 1,186.5   $ 99

Envestnet Reports Fourth Quarter 2021 Financial Results

CHICAGO--(BUSINESS WIRE)--Envestnet, Inc. (NYSE: ENV), today announced that the Company will release fourth quarter and full year 2021 financial results on Thursday, February 24, 2022 after market close. The Company will host a conference call and earnings webcast to discuss fourth quarter and full year 2021 financial results on Thursday, February 24, 2022 at 5:00pm ET. The conference call will be webcast live from the Company's investor relations website at https://investor.envestnet.com/. A r

Envestnet to Announce Fourth Quarter and Full Year 2021 Results on February 24, 2022

LOUISVILLE, Ky.--(BUSINESS WIRE)--DPL Financial Partners (“DPL”), the leading turnkey insurance platform for registered investment advisors (“RIAs”), announced the appointment of Tiburon Strategic Advisors and Tiburon CEO Summits Founder and Managing Partner Chip Roame to its board of directors. “We are thrilled to welcome Chip to our board,” said DPL Founder and CEO David Lau. “Chip's passion for this industry, his deep knowledge and experience helping companies grow--both as an advisor and as

Tiburon Founder Chip Roame Joins DPL Financial Partners Board

The heavy selling pressure might have exhausted for Envestnet (ENV) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Envestnet (ENV) Loses 14.7% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

NEW YORK, Jan. 20, 2022 /PRNewswire/ -- FP Alpha,  an artificial intelligence-driven, holistic financial planning solution, and Envestnet | MoneyGuide,  an industry leader in client-centered financial planning innovation, announced today a powerful integration which will allow advisors to take their goal-based planning for clients one step further by highlighting additional planning recommendations increasing their overall value proposition. Envestnet | MoneyGuide, FP Alpha Integration Empowers Advisors to Offer More Personalized Advice FP Alpha enables advisors to upload a client's financial documents: wills, trusts, tax returns, and insurance policies to instantly summarize the data and identify actionable and personalized planning opportunities.

Envestnet | MoneyGuide, FP Alpha Integration Empowers Advisors to Offer More Personalized Advice

Envestnet's (ENV) technology-enabled services and subscription-based recurring revenue generation capacity is boosting its performance. High debt is a concern.

Here's Why You Should Retain Envestnet (ENV) in Your Portfolio

CHICAGO, Dec. 21, 2021 /PRNewswire/ -- Envestnet's "Fully Vested" omnichannel brand campaign kicked off in September 2021, delivering on its mission to empower financial advisors and professionals with its always-on financial wellness ecosystem to deliver The Intelligent Financial Life™ for their clients. The campaign, developed in partnership with the Boston-based creative advertising and production agency HeyLet'sGo, anchors around cross-generation stories designed to show the complexity of an individual's financial life, and how advisors and technology can help.

Envestnet's Omnichannel Brand Campaign Delivers on Vision of Creating an Intelligent Financial Life™ for All

SAN MATEO, Calif., Dec. 16, 2021 /PRNewswire/ -- As the growth of open banking accelerates, Envestnet | Yodlee, a leading data aggregation and analytics platform for financial services, has dramatically grown its open banking activities across the globe to allow consumers to better manage their finances and build wealth.

Envestnet | Yodlee Significantly Increases Global Open Banking Data Connections

WINNIPEG, TORONTO, MONTREAL, and CHICAGO, Dec. 14, 2021 /PRNewswire/ -- Wellington-Altus Financial Inc. (Wellington-Altus), the number-one wealth advisory company in Canada*, and Envestnet, Inc., a leading provider of intelligent systems for wealth management, announce a strategic partnership to provide Wellington-Altus advisors with access to a unified financial wellness ecosystem supporting intelligently connected advisor and client experiences. "We're forging ahead at tremendous speed and Envestnet's innovative ecosystem of portfolio management tools will future-proof our business as we continue to attract top-tier advisors and deliver the gold standard in client services," said Shaun Hauser, Founder & President, Wellington-Altus.

Wellington-Altus Forges Strategic Partnership with Envestnet to Empower Advisors with Industry-Leading Solutions

ORLANDO, Fla. and SALT LAKE CITY, Dec. 7, 2021 /PRNewswire/ -- Abe.ai  (an Envestnet solution), a leader in artificial intelligence (AI)-powered virtual assistant products for financial institutions and  POPi/o ®, a leading provider of Digital Customer Engagement solutions, today announced a partnership that integrates Abe.ai's Virtual Financial Assistant (VFA), with POPi/o's  POPwelcome solution.

Abe.ai And POPi/O Announce Digital Customer Service Partnership

CHICAGO--(BUSINESS WIRE)--Envestnet, Inc. (NYSE: ENV), today announced that the Company will be hosting a fireside chat at the Goldman Sachs U.S. Financial Services Conference in New York, NY on Wednesday, December 8, 2021. The discussion will begin at 3:00pm ET. Investors and interested parties can access the Goldman Sachs presentation by visiting the Company's investor relations website at https://investor.envestnet.com/. About Envestnet Envestnet refers to the family of operating subsidiarie

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