Envestnet, INC.: insider trades · United States · SEC (Form 4)

About Envestnet, INC.

Envestnet, Inc. (ticker ENV) is a U.S.-based financial technology company listed in the United States on the NYSE, with headquarters in Berwyn, Pennsylvania, United States. Founded in 1999, the company has built a leading position in wealth management infrastructure by combining software, data, and outsourced investment solutions for financial advisors, banks, broker-dealers, and asset managers. Its business model is characteristic of a WealthTech platform provider: rather than operating as a traditional lender or asset manager, Envestnet supplies the digital tools and data layer that help institutions improve portfolio construction, client servicing, reporting, and advisor productivity. Management communications indicate that the company serves a very large share of major U.S. wealth management and brokerage platforms, underscoring its role as a mission-critical provider within the advisory ecosystem. Over time, Envestnet expanded from portfolio-management tools into a broader platform spanning financial planning, analytics, and financial wellness capabilities. The company has organized its activities into three main business lines: Envestnet Solutions, Envestnet Data and Analytics, and Envestnet WealthTech. This structure reflects a business centered on recurring software, data, and platform services rather than balance-sheet-intensive financial products. Key offerings include Unified Managed Account (UMA) platforms, managed model portfolios, direct indexing solutions, multi-asset portfolio management, client reporting, and advisor workflow tools. More recently, the company has embedded artificial intelligence and advanced analytics more deeply into its platform, aiming to improve decision support, customization, and operating efficiency for advisors and home offices. Envestnet’s competitive position is driven by the breadth of its ecosystem, the level of integration across its modules, and its strong embedded relationships with large financial institutions. The company differentiates itself through a connected platform that links data aggregation, planning, portfolio design, execution, and reporting in one environment. It also benefits from a sizable U.S. institutional footprint and a more selective international presence, including operations and teams in the United States and India. Recent product development has focused on alternative investments, direct indexing, and managed models, signaling a strategy to capture demand for customized portfolios and private-market exposure. Recent milestones include continued platform upgrades in 2025 and 2026, with new AI-driven features, expanded analytics, and deeper alternative-investment capabilities, including partnerships with iCapital and other industry participants. In June 2025, Envestnet announced the sale of its Yodlee subsidiary to STG, a strategic move that sharpened the company’s focus on its core connected wealth management platform. For investors, ENV represents a specialized U.S. WealthTech platform with attractive strategic positioning in the advisory technology stack, but also exposure to execution risk, competitive pressure from other fintech vendors, and the pace of growth in assets and advisor adoption.