Envestnet Inc
NYSE:ENV

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Envestnet Inc
NYSE:ENV
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Price: 63.14 USD 0.08% Market Closed
Market Cap: 3.5B USD

Envestnet Inc
Investor Relations

Envestnet Inc., founded in 1999, has evolved into a formidable player in the financial services technology sector. Born from the idea of making the investment management process more efficient and accessible, the company built its reputation by providing platforms that streamline and enhance the capabilities of financial advisors. With an array of digital tools, Envestnet offers everything from portfolio and practice management to data aggregation and analytics. This comprehensive suite enables financial advisors to deliver tailored investment solutions, thereby empowering them to focus on growing their client's wealth. The firm's commitment to innovation is evident through its continual investment in technology, making the complex world of investment manageable and comprehensible for advisors and their clients alike.

The heart of Envestnet's revenue model lies in its ability to package these technological solutions for a fee. It operates primarily through two segments: the Envestnet Wealth Solutions and the Envestnet Data & Analytics segments. The former generates revenue by charging asset-based fees for access to its platform, enabling advisors to efficiently manage their client accounts and securities portfolios. The latter draws income from providing data intelligence and analytics solutions, which are highly sought after by both financial advisors and large institutions eager to make informed decisions. By positioning itself at the confluence of technology and finance, Envestnet has uniquely capitalized on the growing demand for integrated, tech-driven financial solutions. Its emphasis on data-driven insights and personalized investment strategies showcases its pivotal role in shaping the future of wealth management.

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Earnings Calls

2024 Q2
Aug 12, 2024
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Revenue and EBITDA Growth With Positive Outlook Post-Acquisition
2024 Q2
Aug 12, 2024

Envestnet saw a solid Q2, with revenue rising 11% to $348 million and adjusted EBITDA reaching $78 million, expanding margins by 450 basis points. Despite some noncash charges, adjusted EPS increased 20% to $0.55. The company experienced an 18% increase in Wealth Solutions’ asset-based revenue, totaling $219 million. Data & Analytics revenue slightly declined by 1%. Free cash flow grew significantly, reaching $67 million, boosting cash reserves to $122 million. Envestnet's impending acquisition by Bain Capital is expected to close in Q4, promising continued strategic growth.

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Management

Mr. James Lawrence Fox
Interim CEO & Chairman
No Bio Available
Mr. William C. Crager
Co-Founder & Strategic Advisor
No Bio Available
Mr. Joshua B. Warren
Chief Financial Officer
No Bio Available
Ms. Shelly S O'Brien J.D.
Chief Legal Officer, General Counsel & Corporate Secretary
No Bio Available
Ms. Dana Marie D'Auria C.F.A.
Co-Chief Investment Officer & Group President of Envestnet Solutions
No Bio Available
Grace Wagner
Director of Investor Relations
No Bio Available
Ms. Sharon Rosenthal
Chief Human Resources Officer
No Bio Available
Mr. Matthew J. Majoros
Senior Vice President of Financial Reporting
No Bio Available
Mr. Andrew Stavaridis
Chief Relationship Officer & Group Head of Wealth Solutions Distribution
No Bio Available
Ms. Molly Weiss
Group President of Wealth Management Platform
No Bio Available

Contacts

Address
PENNSYLVANIA
Berwyn
1000 Chesterbrook Boulevard, Suite 250
Contacts
+13128272800.0
www.envestnet.com