Envestnet

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

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Envestnet reports robust Q4 results, eyes margin expansion in 2023

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

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

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

Envestnet reports solid Q2 earnings, eyes margin expansion opportunities

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

Envestnet delivers solid Q3 results, eyes growth through partnerships

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

Envestnet exceeds Q4 expectations, poised for growth in 2024

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

Envestnet reports strong Q1 earnings, focuses on growth strategies

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

Envestnet reports robust Q2 earnings, eyes growth amid pending acquisition

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

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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

RICHMOND, Va., Aug. 2, 2021 /PRNewswire/ -- Envestnet | MoneyGuide announced the launch of My Plan Builder, a new category of six blocks in its MyBlocksSM series that can serve as an on-ramp to planning for advisors and their clients.

Envestnet | MoneyGuide Launches My Plan Builder, a Client-Facing On-ramp to Building a Financial Plan

Envestnet (ENV) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Envestnet (ENV) Could Beat Earnings Estimates Again

Envestnet (ENV) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Envestnet (ENV) Expected to Beat Earnings Estimates: Should You Buy?

CHICAGO, July 29, 2021 /PRNewswire/ -- Envestnet, Inc. (NYSE: ENV) announces that Peak Trust Company (Peak), an advisor-focused firm offering customized trust administration for individuals and families, has joined the Envestnet Trust Services Exchange powered by Trucendent as a trustee partner for broker-dealers and Registered Investment Advisers (RIAs). Peak works with more than 1,500 estate planners across the country and specializes in the management of trusts pursuant to law in Alaska or Nevada.

Envestnet Trust Services Exchange Adds Peak Trust Company, Rounding Out Access to Innovative Partners in Top-Tier Trust Planning Jurisdictions

Envestnet outlined its medium-term plans and an accelerated growth strategy at its recent investor day event. While I like the ambition, the financial targets seem a tad ambitious and could be revised downward in the upcoming quarters.

Envestnet: Staying Neutral Despite Ambitious Investor Day Targets

CHICAGO, July 22, 2021 /PRNewswire/ -- Envestnet Retirement Solutions, a subsidiary of Envestnet, Inc. (NYSE: ENV), announces that it has been chosen by Sallus Retirement LLC (Sallus Retirement) to serve as investment manager for the Sallus Retirement's pooled employer 401(k) plan for small business owners and the financial advisors that service them. Sallus Retirement, built in response to the 60 million American workers who today are without a workplace retirement plan, is one of the first fully independent and bespoke pooled plan provider solutions in the market.

Envestnet Selected as Investment Manager for Sallus Retirement's Pooled Employer Plan

SAN FRANCISCO--(BUSINESS WIRE)--Envestnet | MoneyGuide and StratiFi, developer of award-winning PRISM Rating™ technology for financial advisors, announced a new integration partnership to empower more advisors to discuss risks just like they discuss goals in the context of a client's financial plan. MoneyGuide's leading financial planning software gives advisors the tools needed to help clients create a financial plan that is based on their own life goals. Through this partnership with StratiFi

Envestnet | MoneyGuide and StratiFi Launch Partnership Aimed at Empowering More Advisors to Improve Clients' Understanding of Risk

Envestnet's (ENV) business model ensures solid asset-based and subscription-based recurring revenue generation capacity.

Reasons to Retain Envestnet (ENV) Stock in Your Portfolio

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

Envestnet to Announce Second Quarter 2021 Results on August 5, 2021

UBS Group AG

CHICAGO and NEW YORK, July 13, 2021 /PRNewswire/ -- UBS (NYSE: UBS), Envestnet (NYSE: ENV), and iCapital Network 1  ("iCapital") today announced a strategic relationship to deliver access to curated UBS and iCapital alternative investment products through Envestnet's platform. To power the initiative, Envestnet will launch the Alternatives Exchange, a new solution designed to provide these products to the firm's clients, leveraging iCapital's turnkey technology through single-sign-on access.

UBS, Envestnet and iCapital Network® leverage technology and investment prowess to expand alternative investment offering

CHICAGO, July 8, 2021 /PRNewswire/ -- Envestnet, Inc. (NYSE: ENV) announces that Sterling Trustees has joined the Envestnet Trust Services Exchange, powered by Trucendent, to provide its suite of South Dakota trust administration services as an embedded offering to Registered Investment Advisers (RIAs) and broker-dealers. The Envestnet Trust Services Exchange is the only advisor-centric solution which supports the entire wealth transfer process through the use of trust accounts.

Sterling Trustees Joins Envestnet Trust Services Exchange

The move seems to be part of Envestnet s (ENV) efforts to increase the availability of its data analytics offerings globally.

Envestnet Yodlee (ENV) Collaborates With Amazon Web Services

SAN MATEO, Calif., June 24, 2021 /PRNewswire/ -- Envestnet | Yodlee (NYSE: ENV), a leading data aggregation and analytics platform powering dynamic, cloud-based innovation for digital financial services announced today the availability of its industry-leading data analytics on Amazon Web Services (AWS) Data Exchange, a service that makes it easy to find and subscribe to third-party data in the cloud.

Envestnet | Yodlee Announces Availability of Key Data Analytics Products on AWS Data Exchange

CHICAGO--(BUSINESS WIRE)--Envestnet, Inc. (NYSE: ENV), today announced that the Company will host a virtual Investor Day on Tuesday, June 29, 2021 and Wednesday, June 30, 2021. At the virtual event, Envestnet's leadership will discuss Envestnet's vision for the The Intelligent Financial Life, the company's accelerated growth strategy, and a financial overview. The day will include a series of presentations including: The Intelligent Financial Life: Unlocking the Network Effect with Bill Crager,

Envestnet to Host Virtual Investor Day

SAN MATEO, Calif., June 17, 2021 /PRNewswire/ -- Envestnet | Yodlee, (NYSE: ENV), a leading data aggregation and analytics platform powering dynamic, cloud-based innovation for digital financial services, today unveiled an enriched developer experience.

Envestnet | Yodlee Unveils Enhanced Developer Portal For Fast Creation of Digital Financial Wellness Experiences and FinTech Apps

SAN MATEO, Calif., June 16, 2021 /PRNewswire/ -- Envestnet | Yodlee (NYSE: ENV), a leading data aggregation and analytics platform powering dynamic, cloud-based innovation for digital financial services announced today it is collaborating with Snowflake, the Data Cloud company, to provide the availability of its industry-leading data analytics on Snowflake Data Marketplace, making the product easy to find, simple to purchase, and more easily integrated into financial solutions.

Envestnet | Yodlee Partners with Snowflake for Expanded Access of Data Analytics Tools

SAN MATEO, Calif., June 15, 2021 /PRNewswire/ -- As financial service providers look toward the future, they have a positive outlook on the benefits of open banking.

Envestnet | Yodlee Finds Most FinTechs And Banks See Themselves As The Main Beneficiary Of Open Banking, Aside From The Consumer

CHICAGO, June 8, 2021 /PRNewswire/ -- Envestnet, Inc. (NYSE: ENV) announces that the Envestnet Credit Exchange has launched access to a broad range of residential real estate and unsecured lending products for advised clients from a growing list of lending partners selected for their product breadth and service quality. The Envestnet Credit Exchange has expanded its product set beyond securities-backed lending with Upgrade and LightStream for unsecured loans, and Ally Home, Better, and Guaranteed Rate to help wealth managers meet what is typically their clients' largest credit need -- real estate financing.

Envestnet Credit Exchange Launches Access to Residential Real Estate & Unsecured Consumer Loans

Envestnet (ENV) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.

Envestnet (ENV) Moves 11% Higher: Will This Strength Last?

The company will soon join the S&P MidCap 400 Index.

Why Shares of Envestnet Are Up Today

CoreLogic

S&P Global

Targa Resources

NEW YORK, June 3, 2021 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 effective prior to the opening of trading on Wednesday, June 9: Targa Resources Corp. (NYSE:TRGP) will replace CoreLogic Inc. (NYSE:CLGX). Stone Point Capital and Insight Partners are acquiring CoreLogic in a deal expected to be completed soon pending final closing conditions.

Targa Resources & Envestnet Set to Join S&P MidCap 400

BERWYN, Pa, June 2, 2021 /PRNewswire/ -- Envestnet, Inc. (NYSE: ENV) and FIDx, a product-agnostic platform that connects insurance solutions with wealth management platforms and other providers, today announced that annuity solutions from AIG Life & Retirement are now available through their integrated platform. The availability of AIG Advisory annuities—a suite including fee-based fixed, index, and variable products—expands the selection of annuities accessible to financial advisors on the Envestnet Insurance Exchange, Envestnet | MoneyGuide, and Halo platforms, as well as directly through FIDx's Protection Intelligence platform.

FIDx Announces AIG Advisory Suite of Fee-Based Annuities Now Available on Envestnet Insurance Exchange

CHICAGO, June 1, 2021 /PRNewswire/ -- Envestnet, Inc. (NYSE: ENV) announces that registration has opened for this year's Envestnet Advisor Summit On-Demand, which will go live on June 22, 2021. The virtual conference's keynotes, breakout sessions, and technology demos—focusing on how Envestnet can help advisors create The Intelligent Financial Life™ for clients and grow their practices—will be available for free for advisors to view in real time, or at their own convenience.

Registration Opens for Envestnet Advisor Summit On-Demand, Scheduled for June 22-24

Envestnet, Inc. (ENV) CEO Bill Crager on Q1 2021 Results - Earnings Call Transcript

Envestnet (ENV) first-quarter 2021 earnings and revenues increase year over year.

News for Envestnet Stock (ENV)