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 & Chief Executive Officer

President

Chief Financial Officer

Co-Chief Investment Officer

Co-Chief Investment Officer

Chief Operating Officer

Chief Legal Officer, General Counsel & Corporate Secretary

Chief Technology Officer

Chief Technology Officer

Board of Directors

Former Chief Financial Officer & Executive Vice President at The BISYS Group, Inc.

Co-Founder & Chief Executive Officer at Envestnet, Inc.

Partner at Falcon Cyber Investments LLC

Chief Executive Officer at Valmo Ventures

Former Professional at General Mills, Inc.

Executive-in-Residence & Lecturer at University of Wisconsin - Milwaukee - Sheldon B. Lubar School of Business

Professional at Envestnet, Inc.

Operational Business Consultant at Warburg Pincus LLC

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Envestnet, Inc.
Owners & Shareholders
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Advent International was founded in 1984 and is one of the largest and most experienced global private equity firms. With offices on four continents, they have established a globally integrated team of over 180 investment professionals, focused on buyouts and growth equity investments in five core sectors. Since initiating their private equity strategy in 1989, they have invested $33 billion in 325 transactions across 40 countries, and as of December 31, 2016, managed $41 billion in assets.

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GCM engages in fundamental analysis to seek high quality companies with superior management teams, leadership positions in their industries, low debt, and consistent earnings growth for their equity strategies. For fixed income securities, they engage in fundamental fixed income analysis to identify high quality debt issuers with superior management teams, low leverage and consistent earnings.

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Van Berkom & Associates specializes in managing portfolios of Canadian, US and Asia small-cap equities. Their research process emphasizes on fundamental bottom-up analysis to identify high quality and undervalued companies. The firm looks for companies with strong management with a significant ownership position, several years of consistent growth in revenues and earnings, strong ROIC and free cash flow, competitive advantage, a clearly defined strategy for long-term growth and conservative accounting methods. No more than 15% of the portfolio is invested in businesses that are highly correlated with each other (from the same sub-sector).

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

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

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.

Citi works tirelessly to provide consumers, corporations, governments and institutions with a broad range of financial services and products. They strive to create the best outcomes for their clients and customers with financial ingenuity that leads to solutions that are simple, creative and responsible.

Key Stats and Financials As of 2020
Market Capitalization
$3.45B
Total Enterprise Value
$4.91B
Earnings Per Share
$-0.06
Net Profit
$-3.11M
EBITDA
$159M
EBITDAMargin
15.9%
Total Debt
$882M
Total Equity
$976M
Enterprise Value / Sales
4.92x
Enterprise Value EBITDAOperating
30.13x
TEVNet Income
-1,577.85x
Debt TEV
0.18x
Three Year Compounded Annual Growth Rate Of Revenue
13.45%
Revenue
$998M
Non-Profit Donations & Grants
$1,000 - $2,499
2019
$10K - $25K
2018
$2,500 - $4,999
2018
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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Co-Founder at Pacific Community Ventures LLC

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President at New York Venture Capital Association

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, Gbr

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
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.

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.

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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