Envestnet

Envestnet is a provider of integrated portfolio, practice management and reporting solutions to financial advisors and institutions. Read more

Bill Crager's photo - Co-Founder & CEO of Envestnet

Co-Founder & CEO

Bill Crager

CEO Approval Rating

79/100

Founded:

1999

Status:

PublicIndependent CompanyNYSEENV

ENVESTNET TOP COMPETITORS OR ALTERNATIVES

RANK

COMPANY

CEO

CEO RATING

EMPLOYEES

FUNDING

REVENUE

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Orion Advisor Services, LLC is the top competitor of Envestnet. Orion Advisor Services, LLC is a Private company that was founded in Omaha, Nebraska in 1999. Like Envestnet, Orion Advisor Services, LLC also operates in the Internet Software sector. Orion Advisor Services, LLC has 3,555 fewer employees vs. Envestnet.

SS&C Advent is seen as one of Envestnet's biggest rivals. SS&C Advent was founded in San Francisco, California} in 1983. Like Envestnet, SS&C Advent also competes in the Internet Software space. Compared to Envestnet, SS&C Advent generates $526.8M less revenue.

AssetMark is perceived as one of Envestnet's biggest rivals. AssetMark was founded in 1996, and is headquartered in Concord, California. AssetMark operates in the Diversified Financial Services industry. AssetMark generates $586.6M less revenue vs. Envestnet.

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Envestnet Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$1B

Envestnet's revenue is the ranked 3rd among it's top 10 competitors. The top 10 competitors average 729.5M. Over the last four quarters, Envestnet's revenue has grown by 16.9%. Specifically, in Q1 2021's revenue was $275.1M; in Q4 2020, it was $263.8M; in Q3 2020, it was $252.6M; in Q2 2020, Envestnet's revenue was $235.3M.

Envestnet Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Harvest Savings & Wealth Technologies, Inc.

Apr 2021

Source »
undisclosed
Harvest is a California-based fintech platform that provides automated digital advisory, micro-savings, and account opening solutions for the banking sector in the USA.
MoneyGuide, Inc.

Mar 2019

Source »
$500M
MoneyGuide provides web-based financial and retirement planning solutions for broker dealers and institutions.
FolioDynamix, Inc.

Sep 2017

Source »
$195M
FolioDynamix is a cloud-based wealth management company that offers scalable and customizable investment management tools for financial advisors.
Wheelhouse Analytics

Oct 2016

Source »
undisclosed
Wheelhouse provides data analytics, mobile sales solutions and online education tools to financial advisors, asset managers and enterprises.
Yodlee, Inc.

Aug 2015

Source »
$538M
Yodlee is a provider of financial applications that offers solutions for banks, entrepreneurs and individuals.

These are all the companies that Envestnet has acquired. Envestnet has acquired 11 companies and its latest acquisition was Harvest Savings & Wealth Technologies, Inc. in Apr 2021. Harvest is a California-based fintech platform that provides automated digital advisory, micro-savings, and account opening solutions for the banking sector in the USA.

Envestnet Funding History

Since Envestnet was founded in 1999, it has participated in 2 rounds of funding. In total Envestnet has raised $186.0M. Envestnet's last funding round was on Nov 2018 for a total of $123.0M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Unattributed
Nov 2018
$123M

BlackRock

IPO
Jul 2010
$63M
-

Since Envestnet was founded in 1999, it has participated in 2 rounds of funding. In total Envestnet has raised $186.0M. Envestnet's last funding round was on Nov 2018 for a total of $123.0M

Envestnet Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

AlphaHedge Capital Partners provide access to a broad range of long/short equity hedge fund strategies.
-
Apr 08, 2015
Investment Fund
-

These are all the companies that Envestnet has invested in. Envestnet has invested 11 companies and its latest investment was Harvest Savings & Wealth Technologies, Inc. in Apr 2021. Harvest is a California-based fintech platform that provides automated digital advisory, micro-savings, and account opening solutions for the banking sector in the USA.

Envestnet News

June 3, 2021Markets Insider

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

NEW YORK, June 3, 2021 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S... See more »
May 28, 2021MarketScreener

to Participate in Upcoming Conferences

(marketscreener.com) Envestnet, Inc. , today announced that the Company will be participating in the ... See more »
May 10, 2021InvestmentNews

Envestnet details $30 million plan for tech ecosystem - InvestmentNews

Envestnet CEO Bill Crager outlined how the firm is using additional operating expenses toward the fin... See more »
April 23, 2021MarketScreener

to Announce First Quarter 2021 Results on May 6, 2021

(marketscreener.com) Envestnet, Inc. , today announced that the Company will release first quarter 20... See more »
April 20, 2021Benzinga

Envestnet | MoneyGuide and Oyster Consulting Collaborate to Help More Firms, Advisors Offer Financial Planning Services

RICHMOND, Va., April 20, 2021 /PRNewswire/ -- Envestnet | MoneyGuide today announced a partnership wi... See more »

Envestnet Blogs

May 11, 2021Envestnet Blog

The Inflation Conversation: Preparing Your Clients For The Potential Impact To Their Financial Portfolios

As inflation increasingly becomes a topic of speculation in the media, it may be top of mind for your... See more »
April 29, 2021Envestnet Blog

What Biden's Tax Agenda Could Mean for Your Clients' Financial Plans

President Biden released a proposal this week that would raise the top capital gains rate for million... See more »
April 21, 2021Envestnet Blog

What Clients Gain From MyBlocks: Financial Planning Begins With Education

"Tell me and I forget, teach me and I may remember, involve me and I learn." While the source of this... See more »
April 14, 2021Envestnet Blog

PMC Global Macro Team: 5 Themes Impacting Market Performance

Our Global Macro Team offers insights into the themes currently shaping the markets to help you quick... See more »
April 13, 2021Envestnet Blog

Are You The Solution To The Financial Education Crisis In America?

Many thanks to our guest author, Kevin Ruth, the Founder of Give-Get, an app that helps teach budgeti... See more »
April 8, 2021Envestnet Blog

3 Simple Steps To Maximize Your Client Communication

We recently published an article intended to help you better serve your clients in 2021, "7 Things To... See more »
April 6, 2021Envestnet Blog

If Credit Is So Important, Why Do So Few Advisors Offer It?

Wealth managers have advised clients on loan decisions, almost since the dawn of time. Yet they've ra... See more »

Envestnet Press Releases

March 24, 2021PR Newswire

FIDx Announces New Partnership with Great American Life, Increasing Access to Industry Leading Annuity Products

/PRNewswire/ -- Envestnet, Inc. (NYSE: ENV) and Fiduciary Exchange LLC (FIDx), the only retirement pl... See more »
March 2, 2021PR Newswire

Envestnet | Yodlee and Productfy Enter Partnership to Offer Single Technology Platform for Early-Stage Startups to Embed Financial Products

/PRNewswire/ -- Envestnet | Yodlee (NYSE: ENV), a leading data aggregation and analytics platform pow... See more »
November 11, 2020PR Newswire

Envestnet | Yodlee Announces the Winners of Its FinTech Innovation Achievements at the 2020 Benzinga Global FinTech Awards

REDWOOD CITY, Calif., Nov. 11, 2020 /PRNewswire/ -- Envestnet | Yodlee, a leading data aggregation an... See more »
November 5, 2020Business Wire

Envestnet Reports Third Quarter 2020 Financial Results

CHICAGO--(BUSINESS WIRE)--Envestnet (NYSE: ENV), a leading provider of intelligent systems for wealth... See more »
October 27, 2020PR Newswire

Envestnet Launches More Product Enhancements, Further Streamlining Workflows for Improving Client Outcomes

/PRNewswire/ -- Envestnet, Inc. (NYSE: ENV) is rolling out a series of technology enhancements, inclu... See more »
October 21, 2020PR Newswire

Envestnet | MoneyGuide Now Offering Premium Version of Plan Analytics

RICHMOND, Va., Oct. 21, 2020 /PRNewswire/ -- After launching plan analytics earlier this year, Envest... See more »
October 15, 2020PR Newswire

Envestnet Launches Impact Global Climate Solutions QP

CHICAGO, Oct. 15, 2020 /PRNewswire/ -- Envestnet, Inc. (NYSE: ENV) announces that its Quantitative Re... See more »

Envestnet Videos

April 20, 2021Envestnet Youtube Channel

"Net Worth FinApp" on YOUTUBE

April 20, 2021Envestnet Youtube Channel

"Cash Flow Analysis FinApp" on YOUTUBE

April 20, 2021Envestnet Youtube Channel

"Account Summary FinApp" on YOUTUBE

April 20, 2021Envestnet Youtube Channel

"Transactions FinApp" on YOUTUBE

April 20, 2021Envestnet Youtube Channel

"Investment Holdings FinApp" on YOUTUBE

April 20, 2021Envestnet Youtube Channel

"OK to Spend FinApp" on YOUTUBE

April 20, 2021Envestnet Youtube Channel

"Budgets FinApp" on YOUTUBE

Social Media

Envestnet Headquarters

35 E Wacker Drive 24th Floor

Chicago, Illinois60601

866-924-8912

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Envestnet Summary

ABOUT

Overview

Envestnet is a provider of integrated portfolio, practice management and reporting solutions to financial advisors and institutions. Envestnet was founded in 1999. Envestnet's headquarters is located in Chicago, Illinois, USA 60601. It has raised 186....

CEO

Envestnet's Co-Founder & CEO, Bill Crager, currently has an approval rating of 79%. Envestnet's primary competitors are Orion Advisor Services, LLC, SS&C Advent & AssetMark.

Frequently Asked Questions about Envestnet

  1. When was Envestnet founded?

    Envestnet was founded in 1999
  2. Who is Envestnet's CEO?

    Envestnet's CEO is Bill Crager
  3. How much revenue does Envestnet generate?

    Envestnet generates $1B in revenue
  4. How much funding does Envestnet have?

    Envestnet has historically raised $186M in funding
  5. Where is Envestnet's headquarters?

    Envestnet's headquarters is in Chicago Illinois, USA
  1. How many employees does Envestnet have?

    Envestnet has 3,920 employees
  2. What sector does Envestnet operate in?

    Envestnet is in Internet Software, Fintech, Enterprise Software
  3. Who are Envestnet's competitors?

    Envestnet's top competitors are Orion Advisor Services, LLC, SS&C Advent, AssetMark
  4. Who has Envestnet invested in?

    Envestnet's has invested in companies such as AlphaHedge