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 Envestnet Reports Fourth Quarter 2015 Financial Results and Authorization of Share Repurchase Program
   Thursday, February 25, 2016 4:37:01 PM ET

Envestnet (ENV ), a leading provider of unified wealth management technology and services to financial advisors and enterprises, today reported financial results for its fourth quarter and full year ended December 31, 2015.

Fourth Quarter Highlights:

-- Adjusted Revenues(1) increased 23% to $118.6 million for the fourth quarter of 2015 from $96.8 million for the fourth quarter of 2014.

-- Operating expenses increased 35% to $120.9 million in the fourth quarter of 2015 from $89.7 million in the fourth quarter of 2014. Cost of revenues increased 1% to $39.1 million in the fourth quarter of 2015 from $38.6 million in the fourth quarter of 2014.



-- Adjusted EBITDA(1) increased 35% to $22.4 million for the fourth quarter of 2015 compared to $16.6 million for the fourth quarter of 2014.

-- Adjusted Net Income(1) was $11.3 million, or $0.28 per diluted share, for the fourth quarter of 2015 compared to $8.6 million, or $0.23 per diluted share, for the fourth quarter of 2014.

-- Net income (loss) attributable to Envestnet, Inc. was ($3.9) million, or ($0.10) per diluted share, for the fourth quarter of 2015 compared to $3.7 million, or $0.10 per diluted share, for the fourth quarter of 2014.

-- Recurring revenue for the fourth quarter of 2015 was 96% of total revenue. Recurring revenue mix for the fourth quarter of 2015 was 73% in AUM/A revenue and 27% in subscription and licensing revenue.

Full Year 2015 Highlights:

-- Adjusted Revenues(1) increased 21% to $421.2 million for 2015 from $348.7 million for 2014.

-- Operating expenses increased 23% to $401.9 million for 2015 from $327.5 million for 2014. Cost of revenues increased 7% to $161.3 million for 2015 from $150.1 million for 2014.

-- Adjusted EBITDA(1) increased 36% to $76.1 million for 2015 compared to $55.9 million for 2014.

-- Adjusted Net Income(1) was $37.7 million, or $0.98 per diluted share, for 2015 compared to $29.5 million, or $0.80 per diluted share, for 2014.

-- Net income attributable to Envestnet, Inc. was $4.4 million, or $0.12 per diluted share, for 2015 compared to $14.2 million, or $0.38 per diluted share, for 2014.

-- Recurring revenue for 2015 was 97% of total revenue. Recurring revenue mix for 2015 was 82% in AUM/A revenue and 18% in subscription and licensing revenue.

"2015 was a transformational year for Envestnet. We are well-positioned to be the preeminent enabling technology in wealth management, empowering the advisor of the future with a deeply integrated end-to-end platform and enabling advisors and enterprises to deliver better financial outcomes for their clients," said Jud Bergman, Chairman and CEO.

"Perhaps even more important, the merger with Yodlee broadens our business opportunity beyond wealth management to include financial technology and data analytics, significantly expanding our addressable market and providing additional sources for growth," concluded Mr. Bergman.

SEGMENT RESULTS

Envestnet

Financial Results for the Fourth Quarter of 2015

-- Adjusted revenues(1), increased 8% to $104.3 million for the fourth quarter of 2015 from $96.8 million for the fourth quarter of 2014.

-- Adjusted EBITDA(1) increased 14% to $21.8 million for the fourth quarter of 2015 compared to $19.0 million for the fourth quarter of 2014.

Financial Results for the Full Year of 2015

-- Adjusted revenues(1) increased 17% to $407.0 million for 2015 from $348.7 million for 2014.

-- Adjusted EBITDA(1) increased 27% to $83.1 million for 2015 compared to $65.5 million for 2014.

Key Operating Metrics (AUM/A Only) as of and for the Quarter and Year Ended December 31, 2015:

-- Assets: $289.7 billion, up 18% from December 31, 2014

-- Accounts: 1,298,179, up 33% from December 31, 2014

-- Advisors: 33,775, up 18% from December 31, 2014

-- Gross sales - fourth quarter 2015: $49.9 billion, resulting in net flows of $34.1 billion

-- Gross sales - full year 2015: $114.9 billion, resulting in net flows of $55.4 billion

The following table summarizes the changes in AUM and AUA for the quarter ended December 31, 2015:

                                                                  Gross                            Redemp-                                                           Market                                                                   
                                                                                       9/30/2015                                                                 Sales                             tions                           Net Flows                                                              Impact                                                                          Reclass                                                                          12/31/2015
 In Millions Except Accounts
---------------------------------                                           -----------------------------                                            --------------------------  -------------------- -------------------- -----------------------------   -------------------- -------------------- ---------------------------                                            -------------------------                                            ----------------------------------------------                                             ------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
Assets under Management (AUM)                                                                  $    73,164                                                              $ 16,586                                                              $  (4,968 )                                                               $  11,618                                                              $   823                                                              $  6,954                                                                                   $     92,559
Assets under Administration (AUA)                                               177,121                                             33,353       (10,860 )         22,493                                             4,517                                             (6,954 )                                                                   197,177
                                                                            -------------------- ---------                                           -------------------- ------ -------------------- -------------------- -------------------- ------- -- -------------------- -------------------- -------------------- -------                                           -------------------- -----                                           -------------------- ------ --------------------                                           -------------------- ----------
  Total AUM/A                                                                                  $   250,285                                                              $ 49,939                        $ (15,828 )                         $  34,111                                                              $ 5,340                                                              $      -                                                                $    289,736
                                                                            ==================== =========                                           ==================== ====== ==================== ==================== ==================== ======= == ==================== ==================== ==================== =======                                           ==================== =====                                           ==================== ====== ====================                                           ==================== ==========
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
    Fee-Based Accounts                                                                           1,062,958                                                                                                                                                                                                                235,221                                                                                                                                                                                                                                 1,298,179
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             

The above AUM/A gross sales figures include $27.6 billion in new client conversions. The Company onboarded an additional $13.5 billion in licensing conversions during the fourth quarter, bringing total conversions for the quarter to $41.1 billion.

The following table summarizes the changes in AUM and AUA for the year ended December 31, 2015:

                                                                Gross                             Redemp-                                                             Market                                                    
                                                                  12/31/2014                                                                Sales                              tions                           Net Flows                                                                Impact                                                                    Reclass                                                                      12/31/2015
 In Millions Except Accounts
--------------------------------- --------------------                      ---------------------------                                            ---------------------------  -------------------- -------------------- -----------------------------   -------------------- -------------------- ---------------------------                                            ----------------------------                                             -----------------------------                                             ----------------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
Assets under Management (AUM)                                                                  $  72,120                                                              $  35,995                                                              $ (18,170 )                                                               $  17,825                                                              $ (4,340 )                                                               $   6,954                                                                 $               92,559
Assets under Administration (AUA)                                             174,249                                              78,944       (41,347 )         37,597                                             (4,577 )                                              (10,092 )                                                           197,177
                                                                            -------------------- -------                                           -------------------- ------- -------------------- -------------------- -------------------- ------- -- -------------------- -------------------- -------------------- -------                                           -------------------- ------ --                                           -------------------- ------- --                                           -------------------- --------------------
  Total AUM/A                                                                                  $ 246,369                                                              $ 114,939                        $ (59,517 )                         $  55,422                                                              $ (8,917 )                                                               $  (3,138 )                                                               $              289,736
                                                                            ==================== =======                                           ==================== ======= ==================== ==================== ==================== ======= == ==================== ==================== ==================== =======                                           ==================== ====== ==                                           ==================== ======= ==                                           ==================== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
    Fee-Based Accounts                                                                           977,625                                                                                                                                                                                                                 330,361                                                                                                                                          (9,807 )                                                                            1,298,179
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    

The above AUM/A gross sales figures include $31.9 billion in new client conversions. The Company onboarded an additional $98.5 billion in licensing conversions during 2015, bringing total conversions for the year to $130.4 billion.

Envestnet | Yodlee

Financial Results for the period from November 19, 2015 (date of acquisition) to December 31, 2015

-- Adjusted revenues were $14.3 million for the period.

-- Adjusted EBITDA(1) was $3.4 million for the period.

Nonsegment

-- Nonsegment expenses totaled $10.7 million for the fourth quarter of 2015 from $2.4 million for the fourth quarter of 2014. Nonsegment expenses were 9% of consolidated operating expenses for the fourth quarter of 2015 compared to 3% of consolidated operating expenses for the fourth quarter of 2014. The increase is due primarily to transaction costs associated with the acquisition of Yodlee.

-- Nonsegment expenses totaled $21.3 million for the full year of 2015 from $11.6 million for the full year of 2014. Nonsegment expenses were 5% of consolidated operating expenses for the full year of 2015 compared to 4% of consolidated operating expenses for the full year of 2014. The increase is due primarily to transaction costs associated with the acquisition of Yodlee as well as other 2015 acquisitions.

Cash Flow and Financial Position

At December 31, 2015, Envestnet had $51.7 million in cash and cash equivalents compared to $209.8 million at December 31, 2014.

Total debt was $300.1 million at December 31, 2015, compared to $145.2 million at December 31, 2014. The increase in debt is due to the acquisition of Yodlee. Our revolving credit facility was undrawn with $100 million available as of December 31, 2015.

Share Repurchase Authorization

Envestnet also announced that its Board of Directors has authorized a share repurchase program under which the company may repurchase up to 2,000,000 shares of its common stock. The timing and volume of share repurchases will be determined by the company’s management based on its ongoing assessments of the capital needs of the business, the market price of its common stock and general market conditions. No time limit has been set for the completion of the repurchase program, and the program may be suspended or discontinued at any time. The repurchase program authorizes the company to purchase its common stock from time to time in the open market (including pursuant to a "Rule 10b5-1 plan"), in block transactions, in privately negotiated transactions, through accelerated stock repurchase programs, through option or other forward transactions or otherwise, all in compliance with applicable laws and other restrictions.

Conference Call

Envestnet will host a conference call to discuss fourth quarter 2015 financial results today at 5:00 p.m. ET. The live webcast can be accessed from Envestnet’s investor relations website at http://ir.envestnet.com/ . The call can also be accessed live over the phone by dialing (888) 437-9445, or for international callers (719) 457-2645. A replay will be available one hour after the call and can be accessed by dialing (877) 870-5176 or (858) 384-5517 for international callers; the conference ID is 4472117. The dial-in replay will be available for one week and the webcast replay will be available for one month following the date of the conference call.

About Envestnet

Envestnet, Inc. (ENV ) is a leading provider of unified wealth management technology and services to investment advisors. Our open-architecture platforms unify and fortify the wealth management process, delivering unparalleled flexibility, accuracy, performance, and value. Envestnet solutions enable the transformation of wealth management into a transparent, independent, objective, and fully-aligned standard of care, and empower advisors to deliver better outcomes.

Envestnet’s Advisor Suite(R) software empowers financial advisors to better manage client outcomes and strengthen their practices. Envestnet provides institutional-quality research and advanced portfolio solutions through our Portfolio Management Consultants group, Envestnet | PMC(R). Envestnet | Tamarac provides leading rebalancing, reporting, and practice management software.

Envestnet | Yodlee is a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services. More than 950 companies, including 12 of the 20 largest U.S. banks and hundreds of Internet services companies, subscribe to the Envestnet | Yodlee platform to power personalized financial apps and services for millions of consumers. Envestnet | Yodlee solutions help improve the speed and delivery of financial innovation, improve digital customer experiences, and drive better outcomes for our clients and their customers.

For more information on Envestnet, please visit www.envestnet.com and follow @ENVintel (https://twitter.com/envintel).

(1) Non-GAAP Financial Measures

"Adjusted revenues" exclude the effect of purchase accounting on the fair value of acquired deferred revenue. Under United States generally accepted accounting principles (GAAP), we record at fair value the acquired deferred revenue for contracts in effect at the time the entities were acquired. Consequently, revenue related to acquired entities for periods subsequent to the acquisition does not reflect the full amount of revenue that would have been recorded by these entities had they remained stand-alone entities.

"Adjusted EBITDA" represents net income before deferred revenue fair value adjustment, interest income, interest expense, accretion on contingent consideration, income tax provision (benefit), depreciation and amortization, non-cash compensation expense, restructuring charges and transaction costs, severance, fair market value adjustment on contingent consideration, litigation related expense, other (income) loss and pre-tax loss attributable to non-controlling interest.

"Adjusted net income" represents net income before deferred revenue fair value adjustment, accretion on contingent consideration, non-cash interest expense, non-cash compensation expense, restructuring charges and transaction costs, severance, amortization of acquired intangibles, fair market value adjustment on contingent consideration, litigation related expense, other (income) loss and net loss attributable to non-controlling interest. Reconciling items are tax effected using the income tax rates noted in the reconciliation table found in this release.

"Adjusted net income per share" represents adjusted net income divided by the diluted number of weighted-average shares outstanding.

See reconciliation of Non-GAAP Financial Measures at the end of this press release. These measures should not be viewed as a substitute for revenues, net income or net income per share determined in accordance with GAAP.

Cautionary Statement Regarding Forward-Looking Statements

The forward-looking statements made in this press release and its attachments concerning, among other things, Envestnet, Inc.’s (the "Company") expected financial performance and outlook, its strategic operational plans and growth strategy are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties and the Company’s actual results could differ materially from the results expressed or implied by such forward-looking statements. Furthermore, reported results should not be considered as an indication of future performance. The potential risks, uncertainties and other factors that could cause actual results to differ from those expressed by the forward-looking statements in this press release include, but are not limited to, difficulty in sustaining rapid revenue growth, which may place significant demands on the Company’s administrative, operational and financial resources, fluctuations in the Company’s revenue, the concentration of nearly all of the Company’s revenues from the delivery of investment solutions and services to clients in the financial advisory industry, the Company’s reliance on a limited number of clients for a material portion of its revenue, the renegotiation of fee percentages or termination of the Company’s services by its clients, the Company’s ability to identify potential acquisition candidates, complete acquisitions and successfully integrate acquired companies, the impact of market and economic conditions on the Company’s revenues, compliance failures, regulatory actions against the Company, the failure to protect the Company’s intellectual property rights, the Company’s inability to successfully execute the conversion of its clients’ assets from their technology platform to the Company’s technology platform in a timely and accurate manner, general economic conditions, changes to the Company’s previously reported financial information as a result of political and regulatory conditions, as well as management’s response to these factors. More information regarding these and other risks, uncertainties and factors is contained in the Company’s filings with the Securities and Exchange Commission ("SEC") which are available on the SEC’s website at www.sec.gov or the Company’s Investor Relations website at http://ir.envestnet.com/ . You are cautioned not to unduly rely on these forward-looking statements, which speak only as of the date of this press release. All information in this press release and its attachments is as of February 25, 2016 and, unless required by law, the Company undertakes no obligation to publicly revise any forward-looking statement to reflect circumstances or events after the date of this press release or to report the occurrence of unanticipated events.

                                                                                
                                                                                            Envestnet, Inc.
                                                                                 Condensed Consolidated Balance Sheets
                                                                                            (in thousands)
                                                                                              (unaudited)
                                                                                                                                                              
                                                                                                                                        December 31,
                                                                                      -----------------------------------------------------------------------------------------------------------------
                                                                                                  2015                                                                          2014
                                                                                      -----------------------------                                          ------------------------------------------
Assets
Current assets:
  Cash and cash equivalents                                                                              $  51,718                                                              $              209,754
  Fees and other receivables, net                                                                           46,756                                                                              20,345
  Prepaid expenses and other current assets                                              15,175                                                            7,242
                                                                                      -------------------- -------                                           -------------------- --------------------
      Total current assets                                                              113,649                                                          237,341
                                                                                      -------------------- -------                                           -------------------- --------------------
                                                                                                                                                              
Property and equipment, net                                                                                 28,681                                                                              16,629
Internally developed software, net                                                                           9,897                                                                               7,023
Intangible assets, net                                                                                     292,675                                                                              58,654
Goodwill                                                                                                   421,273                                                                             104,976
Deferred tax assets, net                                                                                     2,688                                                                               5,219
Other non-current assets                                                                 16,702                                                            9,516
                                                                                      -------------------- -------                                           -------------------- --------------------
      Total assets                                                                                       $ 885,565                                                              $              439,358
                                                                                      ==================== =======                                           ==================== ====================
                                                                                                                                                              
Liabilities and Equity
Current liabilities:
  Accrued expenses and other liabilities                                                                 $  83,411                                                              $               48,247
  Accounts payable                                                                                          10,420                                                                               4,869
  Contingent consideration                                                                                   2,537                                                                               6,405
  Deferred revenue                                                                       15,089                                                            5,159
                                                                                      -------------------- -------                                           -------------------- --------------------
      Total current liabilities                                                         111,457                                                           64,680
                                                                                      -------------------- -------                                           -------------------- --------------------
                                                                                                                                                              
Convertible notes                                                                                          150,133                                                                             145,203
Term notes                                                                                                 150,000                                                                                   -
Contingent consideration                                                                                     1,506                                                                               7,462
Deferred revenue                                                                                            14,378                                                                               6,954
Deferred rent                                                                                                5,548                                                                               3,588
Lease incentive                                                                                              5,428                                                                               5,550
Other non-current liabilities                                                             6,288                                                            2,430
                                                                                      -------------------- -------                                           -------------------- --------------------
      Total liabilities                                                                 444,738                                                          235,867
                                                                                      -------------------- -------                                           -------------------- --------------------
                                                                                                                                                              
Redeemable units in ERS                                                                                        900                                                                               1,500
                                                                                                                                                              
Equity:
  Stockholders’ equity                                                                                     439,529                                                                             201,435
  Non-controlling interest                                                                  398                                                              556
                                                                                      -------------------- -------                                           -------------------- --------------------
      Total liabilities and equity                                                                       $ 885,565                                                              $              439,358
                                                                                      ==================== =======                                           ==================== ====================
                                                                                                                                                                                   
                                                                                                                                                                                                                                          
                                                                                                                                                                                                 Envestnet, Inc.
                                                                                                                                                                                 Condensed Consolidated Statements of Operations
                                                                                                                                                                             (in thousands, except share and per share information)
                                                                                                                                                                                                   (unaudited)
                                                                                                                                                                                                                                                                                                                                                                                 
                                                                                                                                                                        Three Months Ended                                                                                                                                                 Year ended
                                                                                                                                                                           December 31,                                                                                                                                                   December 31,
                                                                                                       ----------------------------------------------------------------------------------------------------------------------------------------------------                      -------------------------------------------------------------------------------------------------------------------------------
                                                                                                            2015                                                     2014                                 2015                                                              2014
                                                                                                       -------------------- ---------- --------------------                                           -------------------- ---------- --------------------                       -------------------- ---------- --------------------                                           --------------------------------
                                                                                                                                                                                                                                                                                                                                                                                 
Revenues:
   Assets under management or administration                                                                              $     83,212                                                                                   $     81,516                                                               $    333,684                                                                                   $    294,223
   Subscription and licensing                                                                                                   30,094                                                                                         13,868                                                                     75,280                                                                                         48,787
   Professional services and other                                                                            5,129                                                    1,419                               11,955                                                    5,738
                                                                                                       -------------------- ---------- --------------------                                           -------------------- ---------- --------------------                       -------------------- ---------- --------------------                                           -------------------- ----------
         Total revenues                                                                                     118,435                                                   96,803                              420,919                                                  348,748
                                                                                                       -------------------- ---------- --------------------                                           -------------------- ---------- --------------------                       -------------------- ---------- --------------------                                           -------------------- ----------
                                                                                                                                                                                                                                                                                                                                                                                 
Operating expenses:
   Cost of revenues                                                                                                             39,101                                                                                         38,564                                                                    161,309                                                                                        150,067
   Compensation and benefits                                                                                                    43,594                                                                                         30,008                                                                    139,756                                                                                        104,457
   General and administration                                                                                                   27,322                                                                                         15,807                                                                     72,227                                                                                         54,321
   Depreciation and amortization                                                                                                10,747                                                                                          5,361                                                                     27,962                                                                                         18,651
   Restructuring charges                                                                                        155                                                        -                                  673                                                        -
                                                                                                       -------------------- ---------- --------------------                                           -------------------- ---------- --------------------                       -------------------- ---------- --------------------                                           -------------------- ----------
         Total operating expenses                                                                           120,919                                                   89,740                              401,927                                                  327,496
                                                                                                       -------------------- ---------- --------------------                                           -------------------- ---------- --------------------                       -------------------- ---------- --------------------                                           -------------------- ----------
         Income (loss) from operations                                                                                          (2,484 )                                                                                        7,063                                                                     18,992                                                                                         21,252
Other income (expense)                                                                                       (3,204 )                                                                      (654 )                                               (10,004 )                                                                     1,255
                                                                                                       -------------------- ---------- --------------------                                           -------------------- ---------- --------------------                       -------------------- ---------- --------------------                                           -------------------- ----------
         Income (loss) before income tax provision (benefit)                                                                    (5,688 )                                                                                        6,409                                                                      8,988                                                                                         22,507
Income tax provision (benefit)                                                                               (1,775 )                                                                     2,716                                4,552                                                    8,528
                                                                                                       -------------------- ---------- --------------------                                           -------------------- ---------- --------------------                       -------------------- ---------- --------------------                                           -------------------- ----------
         Net income (loss)                                                                                                      (3,913 )                                                                                        3,693                                                                      4,436                                                                                         13,979
Add: Net loss attributable to non-controlling interest                                                            -                                                        -                                    -                                                      195
                                                                                                       -------------------- ---------- --------------------                                           -------------------- ---------- --------------------                       -------------------- ---------- --------------------                                           -------------------- ----------
         Net income (loss) attributable to Envestnet, Inc.                                                                $     (3,913 )                                                                                 $      3,693                                            $      4,436                                                                $     14,174
                                                                                                       ==================== ========== ====================                                           ==================== ========== ====================                       ==================== ========== ====================                                           ==================== ==========
                                                                                                                                                                                                                                                                                                                                                                                 
Net income (loss) per share attributable to Envestnet, Inc.:
   Basic                                                                                                                  $      (0.10 )                                                                                 $       0.11                                            $       0.12                                                                $       0.41
                                                                                                       ==================== ========== ====================                                           ==================== ========== ====================                       ==================== ========== ====================                                           ==================== ==========
   Diluted                                                                                                                $      (0.10 )                                                                                 $       0.10                                            $       0.12                                                                $       0.38
                                                                                                       ==================== ========== ====================                                           ==================== ========== ====================                       ==================== ========== ====================                                           ==================== ==========
                                                                                                                                                                                                                                                                                                                                                                                 
Weighted average common shares outstanding:
   Basic                                                                                                 39,019,123                                               34,890,566                           36,500,843                                               34,559,558
                                                                                                       ==================== ========== ====================                                           ==================== ========== ====================                       ==================== ========== ====================                                           ==================== ==========
   Diluted                                                                                               39,019,123                                               37,242,598                           38,386,873                                               36,877,599
                                                                                                       ==================== ========== ====================                                           ==================== ========== ====================                       ==================== ========== ====================                                           ==================== ==========
 
                                                                                                                                
                                                                                                                        Envestnet, Inc.
                                                                                                        Condensed Consolidated Statements of Cash Flows
                                                                                                                        (in thousands)
                                                                                                                          (unaudited)
                                                                                                                                                                                                              
                                                                                                                                                                                  Year Ended
                                                                                                                                                                                 December 31,
                                                                                                                -----------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                    2015                                                   2014   
                                                                                                                -------------------- -------- --------------------                                           -------------------- ------- --------------------
OPERATING ACTIVITIES:
  Net income                                                                                                                       $    4,436                                                                                   $  13,979
  Adjustments to reconcile net income to net cash provided by
  operating activities:
    Depreciation and amortization                                                                                                      27,962                                                                                      18,651
    Deferred rent and lease incentive                                                                                                   1,819                                                                                         275
    Provision for doubtful accounts                                                                                                       176                                                                                          15
    Deferred income taxes                                                                                                             (11,918 )                                                                                    (4,640 )
    Stock-based compensation expense                                                                                                   15,161                                                                                      11,423
    Excess tax benefits from stock-based compensation expense                                                                         (17,607 )                                                                                    (8,848 )
    Interest expense                                                                                                                   10,271                                                                                         626
    Accretion on contingent consideration                                                                                                 888                                                                                       1,472
    Fair market value adjustment on contingent consideration                                                                           (4,153 )                                                                                    (1,432 )
    Changes in operating assets and liabilities, net of acquisitions:
      Fees and other receivables, net                                                                                                  (9,297 )                                                                                     1,788
      Prepaid expenses and other current assets                                                                                        15,965                                                                                       9,733
      Other non-current assets                                                                                                         (6,025 )                                                                                      (873 )
      Accrued expenses and other liabilities                                                                                          (13,654 )                                                                                     9,784
      Accounts payable                                                                                                                  3,128                                                                                        (659 )
      Deferred revenue                                                                                                                 10,906                                                                                       4,677
      Other non-current liabilities                                                                                 (3,630 )                                                                     26  
                                                                                                                -------------------- -------- --------------------                                           -------------------- ------- --------------------
Net cash provided by operating activities                                                                           24,428                                                55,997  
                                                                                                                -------------------- -------- --------------------                                           -------------------- ------- --------------------
                                                                                                                                                                                                              
INVESTING ACTIVITIES:
  Purchase of property and equipment                                                                                                   (9,184 )                                                                                    (6,177 )
  Capitalization of internally developed software                                                                                      (5,532 )                                                                                    (3,382 )
  Investment in private company                                                                                                        (1,500 )                                                                                         -
  Purchase of ERS units                                                                                                                  (100 )                                                                                         -
  Acquisition of businesses, net of cash acquired                                                                 (328,305 )                                                                (59,570 )
                                                                                                                -------------------- -------- --------------------                                           -------------------- ------- --------------------
Net cash used in investing activities                                                                             (344,621 )                                                                (69,129 )
                                                                                                                -------------------- -------- --------------------                                           -------------------- ------- --------------------
                                                                                                                                                                                                              
FINANCING ACTIVITIES:
  Proceeds from issuance of convertible notes                                                                                               -                                                                                     172,500
  Convertible notes issuance costs                                                                                                          -                                                                                      (5,533 )
  Proceeds from borrowings of term notes                                                                                              160,000                                                                                           -
  Repayment of term notes                                                                                                             (10,000 )
  Proceeds from borrowings on revolving credit facility                                                                                10,000                                                                                      30,000
  Payment on revolving credit facility                                                                                                (10,000 )                                                                                   (30,000 )
  Payments of contingent consideration                                                                                                 (7,219 )                                                                                    (6,000 )
  Issuance of ERS redeemable units                                                                                                        900                                                                                       1,500
  Payment of promissory note                                                                                                                -                                                                                      (1,500 )
  Proceeds from exercise of stock options                                                                                               8,279                                                                                       5,190
  Issuance of restricted stock                                                                                                              2                                                                                           1
  Purchase of treasury stock for stock-based minimum tax withholdings                                                                  (7,412 )                                                                                    (2,062 )
  Excess tax benefits from stock-based compensation expense                                                         17,607                                                 8,848  
                                                                                                                -------------------- -------- --------------------                                           -------------------- ------- --------------------
Net cash provided by financing activities                                                                          162,157                                               172,944  
                                                                                                                -------------------- -------- --------------------                                           -------------------- ------- --------------------
                                                                                                                                                                                                              
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS                                                                  (158,036 )                                                                159,812  
                                                                                                                -------------------- -------- --------------------                                           -------------------- ------- --------------------
                                                                                                                                                                                                              
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD                                                                                        209,754                                                                                      49,942
                                                                                                                                                                                           
                                                                                                                ---------------------------------------------------                                          --------------------------------------------------
CASH AND CASH EQUIVALENTS, END OF PERIOD                                                                                           $   51,718                                                                $ 209,754  
                                                                                                                ==================== ======== ====================                                           ==================== ======= ====================
                                                                                                                                                                                                                                           
                                                                                                                                                                                                                                         
                                                                                                                                                                                                                    Envestnet, Inc.
                                                                                                                                                                                                     Reconciliation of Non-GAAP Financial Measures
                                                                                                                                                                                                (in thousands, except share and per share information)
                                                                                                                                                                                                                      (unaudited)
                                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                      Three Months Ended                                                                                                                                                                                Year Ended
                                                                                                                                                                         December 31,                                                                                                                                                                                  December 31,
                                                                                                     ----------------------------------------------------------------------------------------------------------------------------------------------------                                          ----------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                          2015                                                     2014                                                     2015                                                     2014     
                                                                                                     -------------------- ---------- --------------------                                           -------------------- ---------- --------------------                                           -------------------- ---------- --------------------                                           -------------------- ---------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                   
Revenues                                                                                                                $    118,435                                                                                   $     96,803                                                                                   $    420,919                                                                                   $    348,748
  Deferred revenue fair value adjustment                                                                      188                                                        -                                                      322                                                        -  
                                                                                                     -------------------- ---------- --------------------                                           -------------------- ---------- --------------------                                           -------------------- ---------- --------------------                                           -------------------- ---------- --------------------
Adjusted revenues                                                                                                       $    118,623                                                                $     96,803                                                                $    421,241                                                                $    348,748  
                                                                                                     ==================== ========== ====================                                           ==================== ========== ====================                                           ==================== ========== ====================                                           ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                   
Net income (loss)                                                                                                       $     (3,913 )                                                                                 $      3,693                                                                                   $      4,436                                                                                   $     13,979
Add (deduct):
  Deferred revenue fair value adjustment                                                                                         188                                                                                              -                                                                                            322                                                                                              -
  Interest income                                                                                                                (50 )                                                                                          (38 )                                                                                         (338 )                                                                                         (139 )
  Interest expense                                                                                                             3,190                                                                                            604                                                                                         10,271                                                                                            626
  Accretion on contingent consideration                                                                                           94                                                                                            363                                                                                            888                                                                                          1,472
  Income tax provision (benefit)                                                                                              (1,775 )                                                                                        2,716                                                                                          4,552                                                                                          8,528
  Depreciation and amortization                                                                                               10,746                                                                                          5,361                                                                                         27,962                                                                                         18,651
  Non-cash compensation expense                                                                                                5,004                                                                                          2,980                                                                                         15,160                                                                                         11,423
  Restructuring charges and transaction costs                                                                                  8,054                                                                                          1,008                                                                                         13,495                                                                                          2,672
  Severance                                                                                                                      818                                                                                            717                                                                                          1,695                                                                                            735
  Fair market value adjustment on contingent consideration                                                                      (361 )                                                                                       (1,090 )                                                                                       (4,153 )                                                                                       (1,432 )
  Litigation related expense                                                                                                      65                                                                                              -                                                                                             65                                                                                             18
  Other (income) loss                                                                                                             64                                                                                              -                                                                                             72                                                                                         (1,825 )
  Pre-tax loss attributable to non-controlling interest                                                       338                                                      295                                                    1,643                                                    1,230  
                                                                                                     -------------------- ---------- --------------------                                           -------------------- ---------- --------------------                                           -------------------- ---------- --------------------                                           -------------------- ---------- --------------------
Adjusted EBITDA                                                                                                         $     22,462                                                                $     16,609                                                                $     76,070                                                                $     55,938  
                                                                                                     ==================== ========== ====================                                           ==================== ========== ====================                                           ==================== ========== ====================                                           ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                   
Net income (loss)                                                                                                       $     (3,913 )                                                                                 $      3,693                                                                                   $      4,436                                                                                   $     13,979
Add (deduct):
  Deferred revenue fair value adjustment                                                                                         113                                                                                              -                                                                                            193                                                                                              -
  Accretion on contingent consideration                                                                                           57                                                                                            218                                                                                            533                                                                                            883
  Non-cash interest expense                                                                                                    1,061                                                                                            195                                                                                          3,837                                                                                            195
  Non-cash compensation expense                                                                                                3,003                                                                                          1,788                                                                                          9,097                                                                                          6,854
  Restructuring charges and transaction costs                                                                                  6,011                                                                                            777                                                                                          9,428                                                                                          2,025
  Severance                                                                                                                      491                                                                                            430                                                                                          1,017                                                                                            440
  Amortization of acquired intangibles                                                                                         4,460                                                                                          2,013                                                                                         10,581                                                                                          6,385
  Fair market value adjustment on contingent consideration                                                                      (218 )                                                                                         (655 )                                                                                       (2,492 )                                                                                         (859 )
  Litigation related expense                                                                                                      39                                                                                              -                                                                                             39                                                                                             11
  Other (income) loss                                                                                                             16                                                                                              -                                                                                             40                                                                                         (1,095 )
  Net loss attributable to non-controlling interest                                                           203                                                      177                                                      986                                                      719  
                                                                                                     -------------------- ---------- --------------------                                           -------------------- ---------- --------------------                                           -------------------- ---------- --------------------                                           -------------------- ---------- --------------------
Adjusted net income                                                                                                     $     11,323                                                                $      8,636                                                                $     37,695                                                                $     29,537  
                                                                                                     ==================== ========== ====================                                           ==================== ========== ====================                                           ==================== ========== ====================                                           ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                   
Basic number of weighted-average shares outstanding                                                                       39,019,123                                                                                     34,890,566                                                                                     36,500,843                                                                                     34,559,558
Effect of dilutive shares:
  Options to purchase common stock                                                                                         1,396,145                                                                                      2,101,240                                                                                      1,700,248                                                                                      2,165,808
  Unvested restricted stock units                                                                          39,518                                                  250,792                                                  185,782                                                  152,233  
                                                                                                     -------------------- ---------- --------------------                                           -------------------- ---------- --------------------                                           -------------------- ---------- --------------------                                           -------------------- ---------- --------------------
Diluted number of weighted-average shares outstanding                                                  40,454,786                                               37,242,598                                               38,386,873                                               36,877,599  
                                                                                                     ==================== ========== ====================                                           ==================== ========== ====================                                           ==================== ========== ====================                                           ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                   
Adjusted net income per share - diluted                                                                                 $       0.28                                                                $       0.23                                                                $       0.98                                                                $       0.80  
                                                                                                     ==================== ========== ====================                                           ==================== ========== ====================                                           ==================== ========== ====================                                           ==================== ========== ====================
Note:   Adjustments, excluding non-deductible transaction costs, are tax
                           effected using an income tax rate of 40.0% for 2015 and 2014,
                           respectively. Pre-tax loss attributable to non-controlling
                           interest assumes losses are allocated to Envestnet Retirement
                           Solutions, LLC members pro-rata based on ownership percentage.
                                       
                                                                                                                                                                                                                               
                                                                                                                                                                                                              Envestnet, Inc.
                                                                                                                                                                                               Reconciliation of Non-GAAP Financial Measures
                                                                                                                                                                                                            Segment Information
                                                                                                                                                                                                              (in thousands)
                                                                                                                                                                                                                (unaudited)
                                                                                                                                                                                                                                                                                                                                                                                         
                                                                                                                                                                                                                                                 For the Three Months Ended December 31, 2015
                                                                                                     ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                          Envestnet                                                                             Envestnet | Yodlee                                                                              Non-Segment                                                                                    Total
                                                                                                     --------------------------------------------------                                          -------------------------------------------------                                          --------------------------------------------------                                          --------------------------------------------------
                                                                                                                                                                                                                                                                                                                                                                                         
Revenues                                                                                                                $ 104,354                                                                                   $ 14,081                                                                                   $       -                                                                                   $ 118,435
  Deferred revenue fair value adjustment                                                                   (17 )                                                                   205                                                     -                                                   188  
                                                                                                     -------------------- ------- --------------------                                           -------------------- ------ --------------------                                           -------------------- ------- --------------------                                           -------------------- ------- --------------------
Adjusted revenues                                                                                                       $ 104,337                                                                $ 14,286                                                                $       -                                                                $ 118,623  
                                                                                                     ==================== ======= ====================                                           ==================== ====== ====================                                           ==================== ======= ====================                                           ==================== ======= ====================
                                                                                                                                                                                                                                                                                                                                                                                         
Income (loss) from operations                                                                                           $  11,175                                                                                   $ (2,963 )                                                                                 $ (10,696 )                                                                                 $  (2,484 )
Add (deduct):
  Deferred revenue fair value adjustment                                                                                      (17 )                                                                                      205                                                                                           -                                                                                         188
  Accretion on contingent consideration                                                                                        94                                                                                          -                                                                                           -                                                                                          94
  Depreciation and amortization                                                                                             6,154                                                                                      4,592                                                                                           -                                                                                      10,746
  Non-cash compensation expense                                                                                             3,047                                                                                      1,569                                                                                         388                                                                                       5,004
  Restructuring charges and transaction costs                                                                                 155                                                                                          -                                                                                       7,899                                                                                       8,054
  Severance                                                                                                                   804                                                                                         14                                                                                           -                                                                                         818
  Fair market value adjustment on contingent consideration                                                                      -                                                                                          -                                                                                        (361 )                                                                                      (361 )
  Litigation related expense                                                                                                    -                                                                                          -                                                                                          65                                                                                          65
  Pre-tax loss attributable to non-controlling interest                                                    338                                                    -                                                     -                                                   338  
                                                                                                     -------------------- ------- --------------------                                           -------------------- ------ --------------------                                           -------------------- ------- --------------------                                           -------------------- ------- --------------------
Adjusted EBITDA                                                                                                         $  21,750                                                                $  3,417                                                                $  (2,705 )                                                                                 $  22,462  
                                                                                                     ==================== ======= ====================                                           ==================== ====== ====================                                           ==================== ======= ====================                                           ==================== ======= ====================
                                                                                                                                                                                                                                                                                                                                                                                         
                                                                                                                                                                                                                                                                                                                                                                                         
                                                                                                                                                                                                                                                 For the Three Months Ended December 31, 2014
                                                                                                     ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                          Envestnet                                                                             Envestnet | Yodlee                                                                              Non-Segment                                                                                    Total
                                                                                                     --------------------------------------------------                                          -------------------------------------------------                                          --------------------------------------------------                                          --------------------------------------------------
                                                                                                                                                                                                                                                                                                                                                                                         
Revenues                                                                                                                $  96,803                                                                                   $      -                                                                                   $       -                                                                                   $  96,803
  Deferred revenue fair value adjustment                                                                     -                                                    -                                                     -                                                     -  
                                                                                                     -------------------- ------- --------------------                                           -------------------- ------ --------------------                                           -------------------- ------- --------------------                                           -------------------- ------- --------------------
Adjusted revenues                                                                                                       $  96,803                                                                $      -                                                                $       -                                                                $  96,803  
                                                                                                     ==================== ======= ====================                                           ==================== ====== ====================                                           ==================== ======= ====================                                           ==================== ======= ====================
                                                                                                                                                                                                                                                                                                                                                                                         
Income (loss) from operations                                                                                           $   9,497                                                                                   $      -                                                                                   $  (2,434 )                                                                                 $   7,063
Add (deduct):                                                                                                                   -                                                                                          -                                                                                           -                                                                                           -
  Deferred revenue fair value adjustment                                                                                        -                                                                                          -                                                                                           -                                                                                           -
  Accretion on contingent consideration                                                                                       363                                                                                          -                                                                                           -                                                                                         363
  Depreciation and amortization                                                                                             5,361                                                                                          -                                                                                           -                                                                                       5,361
  Non-cash compensation expense                                                                                             2,767                                                                                          -                                                                                         213                                                                                       2,980
  Restructuring charges and transaction costs                                                                                   -                                                                                          -                                                                                       1,008                                                                                       1,008
  Severance                                                                                                                   717                                                                                          -                                                                                           -                                                                                         717
  Fair market value adjustment on contingent consideration                                                                      -                                                                                          -                                                                                      (1,090 )                                                                                    (1,090 )
                                                                                                                                -                                                                                          -                                                                                         (88 )                                                                                       (88 )
  Other income
  Pre-tax loss attributable to non-controlling interest                                                    295                                                    -                                                     -                                                   295  
                                                                                                     -------------------- ------- --------------------                                           -------------------- ------ --------------------                                           -------------------- ------- --------------------                                           -------------------- ------- --------------------
Adjusted EBITDA                                                                                                         $  19,000                                                                $      -                                                                $  (2,391 )                                                                                 $  16,609  
                                                                                                     ==================== ======= ====================                                           ==================== ====== ====================                                           ==================== ======= ====================                                           ==================== ======= ====================
                                                                                                                                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                          
                                                                                                                                                                                                   Envestnet, Inc.
                                                                                                                                                                                    Reconciliation of Non-GAAP Financial Measures
                                                                                                                                                                                                 Segment Information
                                                                                                                                                                                                   (in thousands)
                                                                                                                                                                                                     (unaudited)
                                                                                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                           For the Year Ended December 31, 2015
                                                                                                     ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                               Envestnet                                                                   Envestnet | Yodlee                                                                              Non-Segment                                                                                    Total
                                                                                                     -----------------------------                                          -------------------------------------------------                                          --------------------------------------------------                                          --------------------------------------------------
                                                                                                                                                                                                                                                                                                                                                                    
Revenues                                                                                                                $ 406,838                                                              $ 14,081                                                                                   $       -                                                                                   $ 420,919
  Deferred revenue fair value adjustment                                                                   117                                                205                                                     -                                                   322  
                                                                                                     -------------------- -------                                           -------------------- ------ --------------------                                           -------------------- ------- --------------------                                           -------------------- ------- --------------------
Adjusted revenues                                                                                                       $ 406,955                                                              $ 14,286                                                                $       -                                                                $ 421,241  
                                                                                                     ==================== =======                                           ==================== ====== ====================                                           ==================== ======= ====================                                           ==================== ======= ====================
                                                                                                                                                                                                                                                                                                                                                                    
Income (loss) from operations                                                                                           $  43,255                                                              $ (2,963 )                                                                                 $ (21,300 )                                                                                 $  18,992
Add (deduct):
  Deferred revenue fair value adjustment                                                                                      117                                                                   205                                                                                           -                                                                                         322
  Accretion on contingent consideration                                                                                       888                                                                     -                                                                                           -                                                                                         888
  Depreciation and amortization                                                                                            23,369                                                                 4,592                                                                                           -                                                                                      27,961
  Non-cash compensation expense                                                                                            12,141                                                                 1,569                                                                                       1,451                                                                                      15,161
  Restructuring charges and transaction costs                                                                                   -                                                                     -                                                                                      13,430                                                                                      13,430
  Severance                                                                                                                 1,681                                                                    14                                                                                           -                                                                                       1,695
  Fair market value adjustment on contingent consideration                                                                      -                                                                     -                                                                                      (4,152 )                                                                                    (4,152 )
  Litigation related expense                                                                                                    -                                                                     -                                                                                          65                                                                                          65
  Other loss                                                                                                                    -                                                                     -                                                                                          65                                                                                          65
  Pre-tax loss attributable to non-controlling interest                                                  1,643                                                  -                                                     -                                                 1,643  
                                                                                                     -------------------- -------                                           -------------------- ------ --------------------                                           -------------------- ------- --------------------                                           -------------------- ------- --------------------
Adjusted EBITDA                                                                                                         $  83,094                                                              $  3,417                                                                $ (10,441 )                                                                                 $  76,070  
                                                                                                     ==================== =======                                           ==================== ====== ====================                                           ==================== ======= ====================                                           ==================== ======= ====================
                                                                                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                           For the Year Ended December 31, 2014
                                                                                                     ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                               Envestnet                                                                   Envestnet | Yodlee                                                                              Non-Segment                                                                                    Total
                                                                                                     -----------------------------                                          -------------------------------------------------                                          --------------------------------------------------                                          --------------------------------------------------
                                                                                                                                                                                                                                                                                                                                                                    
Revenues                                                                                                                $ 348,748                                                              $      -                                                                                   $       -                                                                                   $ 348,748
  Deferred revenue fair value adjustment                                                                     -                                                  -                                                     -                                                     -  
                                                                                                     -------------------- -------                                           -------------------- ------ --------------------                                           -------------------- ------- --------------------                                           -------------------- ------- --------------------
Adjusted revenues                                                                                                       $ 348,748                                                              $      -                                                                $       -                                                                $ 348,748  
                                                                                                     ==================== =======                                           ==================== ====== ====================                                           ==================== ======= ====================                                           ==================== ======= ====================
                                                                                                                                                                                                                                                                                                                                                                    
Income (loss) from operations                                                                                           $  32,854                                                              $      -                                                                                   $ (11,602 )                                                                                 $  21,252
Add (deduct):
  Deferred revenue fair value adjustment                                                                                        -                                                                     -                                                                                           -                                                                                           -
  Accretion on contingent consideration                                                                                     1,472                                                                     -                                                                                           -                                                                                       1,472
  Depreciation and amortization                                                                                            18,651                                                                     -                                                                                           -                                                                                      18,651
  Non-cash compensation expense                                                                                            10,572                                                                     -                                                                                         851                                                                                      11,423
  Restructuring charges and transaction costs                                                                                   -                                                                     -                                                                                       2,672                                                                                       2,672
  Severance                                                                                                                   735                                                                     -                                                                                           -                                                                                         735
  Fair market value adjustment on contingent consideration                                                                      -                                                                     -                                                                                      (1,432 )                                                                                    (1,432 )
  Litigation related expense                                                                                                    -                                                                     -                                                                                          18                                                                                          18
  Other income                                                                                                                  -                                                                     -                                                                                         (83 )                                                                                       (83 )
  Pre-tax loss attributable to non-controlling interest                                                  1,230                                                  -                                                     -                                                 1,230  
                                                                                                     -------------------- -------                                           -------------------- ------ --------------------                                           -------------------- ------- --------------------                                           -------------------- ------- --------------------
Adjusted EBITDA                                                                                                         $  65,514                                                              $      -                                                                $  (9,576 )                                                                                 $  55,938  
                                                                                                     ==================== =======                                           ==================== ====== ====================                                           ==================== ======= ====================                                           ==================== ======= ====================
                                                                                                                                                                                                                                                                                                                                                                                                 
                                                                                                                                                                                   
                                                                                                                                                                                                  Envestnet, Inc.
                                                                                                                                                                                     Historical Assets, Accounts and Advisors
                                                                                                                                                                                    (in millions, except accounts and advisors)
                                                                                                                                                                                                    (unaudited)
                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                              As of
                                                                              ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                     December 31, 2014                   March 31, 2015                      June 30, 2015                   September 30, 2015                   December 31, 2015
                                                                              --------------------------------------------------- -------------------- --------------------------------------------------- -------------------- --------------------------------------------------- -------------------- --------------------------------------------------- -------------------- --------------------------------
                                                                                                                                                                                                                                                                                                                                                                                   
Platform Assets
  Assets Under Management (AUM)                                                                  $    72,120                                                              $    74,643                                                              $    75,922                                                              $    73,164                                                              $     92,559
  Assets Under Administration (AUA)                                               174,249         181,239         181,922         177,121          197,177
                                                                              -------------------- --------- -------------------- -------------------- -------------------- --------- -------------------- -------------------- -------------------- --------- -------------------- -------------------- -------------------- --------- -------------------- -------------------- -------------------- ----------
    Subtotal AUM/A                                                                                   246,369                                                                  255,882                                                                  257,844                                                                  250,285                                                                   289,736
  Licensing                                                                       466,982         493,284         534,674         538,271          561,699
                                                                              -------------------- --------- -------------------- -------------------- -------------------- --------- -------------------- -------------------- -------------------- --------- -------------------- -------------------- -------------------- --------- -------------------- -------------------- -------------------- ----------
Total Platform Assets                                                                            $   713,351                        $   749,166                        $   792,518                        $   788,556                        $    851,435
                                                                              ==================== ========= ==================== ==================== ==================== ========= ==================== ==================== ==================== ========= ==================== ==================== ==================== ========= ==================== ==================== ==================== ==========
                                                                                                                                                                                                                                                                                                                                                                                   
Platform Accounts
  AUM                                                                                                310,351                                                                  319,896                                                                  332,738                                                                  344,321                                                                   490,471
  AUA                                                                             667,274         679,753         695,463         718,637          807,708
                                                                              -------------------- --------- -------------------- -------------------- -------------------- --------- -------------------- -------------------- -------------------- --------- -------------------- -------------------- -------------------- --------- -------------------- -------------------- -------------------- ----------
    Subtotal AUM/A                                                                                   977,625                                                                  999,649                                                                1,028,201                                                                1,062,958                                                                 1,298,179
  Licensing                                                                     1,881,352       1,982,773       2,044,355       2,140,672        2,176,068
                                                                              -------------------- --------- -------------------- -------------------- -------------------- --------- -------------------- -------------------- -------------------- --------- -------------------- -------------------- -------------------- --------- -------------------- -------------------- -------------------- ----------
Total Platform Accounts                                                         2,858,977       2,982,422       3,072,556       3,203,630        3,474,247
                                                                              ==================== ========= ==================== ==================== ==================== ========= ==================== ==================== ==================== ========= ==================== ==================== ==================== ========= ==================== ==================== ==================== ==========
                                                                                                                                                                                                                                                                                                                                                                                   
Advisors
  AUM/A                                                                                               28,605                                                                   29,023                                                                   29,541                                                                   30,177                                                                    33,775
  Licensing                                                                        11,632          12,306          12,870          13,409           13,553
                                                                              -------------------- --------- -------------------- -------------------- -------------------- --------- -------------------- -------------------- -------------------- --------- -------------------- -------------------- -------------------- --------- -------------------- -------------------- -------------------- ----------
Total Advisors                                                                     40,237          41,329          42,411          43,586           47,328
                                                                              ==================== ========= ==================== ==================== ==================== ========= ==================== ==================== ==================== ========= ==================== ==================== ==================== ========= ==================== ==================== ==================== ==========

http://cts.businesswire.com/ct/CT?id=bwnews&sty=20160225006698r1&sid=cmtx6&distro=nx&lang=en

View source version on businesswire.com: http://www.businesswire.com/news/home/20160225006698/en/

SOURCE: Envestnet

Envestnet 
Investor Relations 
investor.relations@envestnet.com 
312-827-3940 
or 
Media Relations 
mediarelations@envestnet.com


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