AllAnalyst Report
logoMorningstarSeptember 11, 2020

Envestnet, Inc.: Strong Quarter; Outlook Revised Higher as Envestnet’s Revenue and Margins Impress

Symbols
ENV
Sector(s)
Technology
Rating
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Current Price
$83.02
Fair Value
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Economic Moat
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Stewardship
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Summary

Envestnet provides wealth-management technology and solutions to registered investment advisors, banks, broker/dealers, and other firms. Its Tamarac platform provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software to high-end RIAs. Envestnet’s portfolio management consultants provides research services and consulting services to assist advisors, including vetted third-party managed account products. In November 2015, Envestnet acquired Yodlee, a provider of data aggregation.

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