Envestnet, Inc.

Envestnet, Inc.

Envestnet, Inc.

Overview
Date Founded

1999

Headquarters

35 East Wacker Drive,Suite 2400,Chicago, IL 60601

Type of Company

Public

Employees (Worldwide)

4,190

Industries

Computer Software
Accounting & Financial Services
Investment Services & Portfolio Management
Engineering, Construction & Architecture

Company Description

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 and Brandon Rockwell Thomas in 1999 and is headquartered in Chicago, IL.

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Executives & Employees

Co-Founder & CIO

Chief Executive Officer

President

Chief Financial Officer

Chief Operating Officer

Chief Legal Officer, General Counsel & Corporate Secretary

Chief Technology Officer

Group President-Retirement Solutions

Executive Vice President

Executive Vice President-Strategic Development

Board of Directors

Former President & Chief Executive Officer at First Data Corporation

Founder at Tiburon Strategic Advisors LLC

Chief Executive Officer at Valmo Ventures

Partner at Falcon Cyber Investments LLC

Former Director at Envestnet, Inc.

Professional at Envestnet, Inc.

Managing Partner at Barnett Management Advisors LLC

Operational Business Consultant at Warburg Pincus LLC

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Envestnet, Inc.
Owners & Shareholders
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FGIM primarily provides advice with respect to equity investment strategies; however, they do not recommend a particular type of security. The firm is a multi strategy investor that manages portfolios of equity and fixed-income investments for institutional and private clients. Their strategies include core international/emerging market equities; international equity; international small- and mid-cap equity; balanced/asset allocation; managed risk and the Kaufmann Accounts. The Kauffman strategy invests in small, mid or large cap stocks, utilizing a fundamental bottom-up process seeking growth companies and may invest in less developed or emerging markets.

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TCM is a fundamental research-oriented, growth equity investment management firm specializing in Small Capitalization, Small/Mid Capitalization, Mid Capitalization, and concentrated growth equity strategies for institutional investors. Proprietary fundamental research drives their disciplined, bottom-up process of selecting companies that meet their definition of a superior growth business. The firm seeks build diversified portfolios of growth stocks that generate excellent risk-adjusted returns. Each of their investment strategies is managed by a portfolio manager or group of portfolio managers in a manner consistent with their approach to investing. TCM's investment strategies include: US Small-Cap Growth, US Small/Mid-Cap Growth, US Mid-Cap Growth, US All-Cap Growth, US FOCUS Growth, International Small-Cap, European Small-Cap, Emerging Markets Small-Cap, and Global Small-Cap. The firm may also consider the probability of retaining/widening margins; proportion of recurring revenues; strength of balance sheet; barriers to entry and competitive landscape; management track record; and market visibility.

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Van Berkom & Associates (VBA) manages small-cap stock portfolios for large Canadian and U.S. pension funds, corporations, foundations and high-net worth clients on a segregated basis. The firm specializes in managing portfolios of U.S. and Canadian Small-Cap Equities. They look for companies with strong management with a significant ownership position, several years of consistent growth in revenues and earnings, a clearly defined strategy for long-term growth and conservative accounting methods. VBA also looks for companies with an important franchise, a significant market share, a global reach and a unique product or service. Companies should be gaining market share in a fragmented industry. Additional financial criteria include: projected long-term EPS growth greater than 15%, high return on equity, a strong balance sheet, adequate size and strong cash flow generation. While the firm generally prefers to invest in non-cyclical industries, they may also consider investments in companies that can grow their asset base in the resource and cyclical sectors and generate a reasonable return on invested capital and shareholders' equity.VBA's research process focuses on fundamental analysis. Part of their research effort considers the economic cycle and the identification of the secular trends of the future. Most of their efforts center on the identification and analysis of individual companies that are prepared for the economic and secular trends of the future. The firm emphasizes bottom-up analysis to identify high-quality, undervalued companies.

Recent Transactions
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Envestnet, Inc. purchases TXN Solutions, Inc. from General Catalyst LLC, Ooga Labs LLC, Andreessen Horowitz LLC, SV Angel LLC, Slow Ventures LLC, Social Starts LLC, Bloomberg Beta Management LLC, Homebrew Management LLC, Tenfore Holdings Capital Management LLC

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Envestnet, Inc. purchases PIEtech, Inc.

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Tamarac, Inc., Envestnet, Inc. purchase Schwab Performance Technologies, Inc. /Portfolio Center from The Charles Schwab Corp.

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onEnvestnet, Inc. purchases Yodlee, Inc.

Public Relations

Advised onEnvestnet, Inc. purchases Oltis Software LLC

Investment Advisor

Advised onEnvestnet, Inc. purchases Yodlee, Inc.

Legal Advisor

Advised onEnvestnet, Inc. purchases Yodlee, Inc.

Legal Advisor

Advised onEnvestnet, Inc. purchases Folio Dynamix from Actua Corp.

Associate

Advised onEnvestnet, Inc. purchases Yodlee, Inc.

Clients

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and All Other. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses. The Global Wealth and Investment Management provides client experience through a network of financial advisors focused on to meet their needs through a full set of investment management, brokerage, banking, and retirement products. The Global Banking segment deals with lending-related products and services, integrated working capital management and treasury solutions to clients, and underwriting and advisory services. The Global Markets segment includes sales and trading services, as well as research, to institutional clients across fixed-income, credit, currency, commodity, and equity businesses. The All Other segment consists of asset and liability management activities, equity investments, non-core mortgage loans and servicing activities, the net impact of periodic revisions to the mortgage servicing rights (MSR) valuation model for both core and non-core MSRs, other liquidating businesses, residual expense allocations and other. The company was founded by Amadeo Peter Giannini in 1904 is headquartered in Charlotte, NC.

JPMorgan Chase & Co. is an American multinational banking and financial services holding company. It is the largest bank in the United States by assets, and as of 2012, it ranks as the second largest bank in the world by assets with total assets of $2.509 trillion. It is a major provider of financial services, and according to Forbes magazine is the world's second largest public company based on a composite ranking. The hedge fund unit of JPMorgan Chase is one of the largest hedge funds in the United States. It was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co

PayPal Holdings, Inc. engages in the development of technology platform for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The firm manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions. It allows its customers to use their account for both purchase and paying for goods, as well as to transfer and withdraw funds. The firm also enables consumers to exchange funds with merchants using funding sources, which include bank account, PayPal account balance, PayPal Credit account, credit and debit card or other stored value products. It offers consumers person-to-person payment solutions through its PayPal Website and mobile application, Venmo and Xoom. The company was founded in December 1998 and is headquartered in San Jose, CA.

Key Stats and Financials As of 2019
Market Capitalization
$2.65B
Total Enterprise Value
$4.13B
Earnings Per Share
$-0.33
Revenue
$900M
Net Profit
$-16.8M
EBITDA
$95.1M
EBITDAMargin
10.56%
Total Debt
$668M
Total Equity
$868M
Enterprise Value Sales
4.59x
Enterprise Value EBITDAOperating
42.36x
TEVNet Income
-246.12x
Debt TEV
0.16x
Three Year Compounded Annual Growth Rate Of Revenue
15.9%
Five Year Compounded Annual Growth Rate Of Revenue
20.88%
Non-Profit Donations & Grants
$10K - $25K
2018
$7,500 - $10K
2017
$7,500 - $10K
2016
Investments
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HighTower Holding LLC operates as a holding company with interest in the securities and financial industry. It provides financial planning, institutional consulting, and wealth management services. The company was founded by Elliot S. Weissbluth, Andrew Kornreich, and Larry Koehler in 2007 and is headquartered in Chicago, IL.

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Cushion AI, Inc. provides financial security software solution. It offers artificial intelligence which allows users to avoid financial banking fees, such as late fees, automated teller machine fees, foreign transaction fees, interest charges, and monthly service fees. The company was founded by Paul Kesserwani and Fazil Mohamood in 2016 and is headquartered in San Francisco, CA.

Investors
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Partner at Accel Partners LLC

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Co-Founder at Contour Venture Partners

Suppliers
The Bancorp Inc. Retail & Commercial Banking | Wilmington, DE

The Bancorp, Inc. (NASDAQ NM: TBBK) is a financial holding company with a wholly owned subsidiary, The Bancorp Bank. The Bancorp Bank is an FDIC-insured branchless commercial bank that delivers a full array of financial services and products both directly and through more than 300 private-label affinity partner programs nationwide. Our regional community bank division serves the needs of small and mid-size businesses and their principals in the Philadelphia-Wilmington region. When it was introduced in 2000, The Bancorp Bank’s ability to create customized banks for affinity partners set a new standard in financial services innovation. Today, Bancorp remains a leader as one of the few banks in the country dedicated to providing private-label banking and technology solutions for non-bank companies. Bancorp’s private-label program focuses on four main business segments – healthcare, merchant processing, prepaid and wealth management. The “branchless banking” programs enable members, employees and customers of affinity partners to access online banking services, customized for them, under the affinity partner’s brand. The Bancorp Bank is headquartered in Wilmington, Delaware, with offices in Philadelphia, PA; King of Prussia, PA; Chicago, IL; Crofton, MD; Minneapolis, MN; Orlando, FL; Sioux Falls, SD; Sofia, Bulgaria; Newcastle upon Tyne, UK and Gibraltar. Total assets of The Bancorp Bank, as of December 31, 2011, are $3.0 billion

WANdisco Plc IT Consulting & Services | Sheffield, United Kingdom

WANdisco Plc engages in the development and sale of licenses of distributed software solutions. The firm also provides enterprise-ready, non-stop software solutions. It operates though the following geographical segments: North America, Europe, and Rest of the World. The company was founded by Yeturu Aahlad, James Milton Campigli, and David James Richards in 2005 and is headquartered in Sheffield, the United Kingdom.

Allianz SE Insurance: Property & Casualty | Munich, Germany

since 1896. We offer world class expertise across a wide range of financial services, from active asset management to insurance for the majority of Hollywood films to innovative solutions to help grow and protect income in retirement. As a leading global financial services company with more than 150,000 employees in 70 countries, we're proud to make a difference in the lives of our more than 78 million clients worldwide each day.

Competitors
Intuit, Inc. Computer Software - Mountain View, CA

Intuit, Inc. engages in the provision of business and financial management solutions. It operates through the following segments: Small Business and Self-Employed; Consumer; and Strategic Partner. The Small Business and Self-Employed segment offers QuickBooks financial and business management online services and desktop software, payroll solutions, payment processing solutions, and financing for small businesses. The Consumer segment includes do-it-yourself and assisted TurboTax income tax preparation products and services. The Strategic Partner segment comprises professional tax offerings, which include Lacerte, ProSeries, ProFile, and ProConnect Tax Online among professional accountants. The company was founded by Scott D. Cook and Thomas A. Proulx in March 1983 and is headquartered in Mountain View, CA.

Fiserv, Inc. IT Consulting & Services - Brookfield, WI

Fiserv, Inc. (NASDAQ: FISV) is a leading global provider of information management and electronic commerce systems for the financial services industry, providing integrated technology and services that create value and results for our clients. Fiserv drives innovations that transform experiences for more than 16,000 clients worldwide, including banks, credit unions and thrifts, billers, mortgage lenders and leasing companies, brokerage and investment firms and other business clients.

The Bank of New York Mellon Corporation Retail & Commercial Banking - New York, NY

The Bank of New York Mellon Corp. is a bank holding company, which engages in the provision of financial services. It operates through the Investment Services and Investment Management segments. The Investment Services segment includes institutional trust and custody fees, broker-dealer services, corporate trust, depositary receipts, and foreign exchange. The Investment Management segment provides services to institutional and retail investors, as well as investment management, wealth and estate planning. The company was founded by Alexander Hamilton on June 9, 1784 and is headquartered in New York, NY.

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