Core Viewpoint - Envestnet plans to sell its subsidiary Yodlee to private equity firm STG, allowing Envestnet to focus on its core wealth management offerings [1][4]. Group 1: Transaction Details - The sale of Yodlee is expected to close in the third quarter, pending customary closing conditions [2]. - STG specializes in investing in innovative software, data, and analytics firms, and Yodlee will be integrated into STG's global technology portfolio [2]. Group 2: Strategic Implications - STG's managing director, Marc Bala, stated that the partnership will enhance Yodlee's investment in product innovation, customer success, and long-term growth [3]. - Yodlee aims to focus on technological innovation and improved solutions for the financial sector with STG's support [3]. Group 3: Envestnet's Focus - Envestnet's CEO, Chris Todd, indicated that the transaction will enable the company to concentrate on its core offerings, including its wealth management platform [4]. - Envestnet retains access to Yodlee's data aggregation technology, which is essential for financial advisors [5]. Group 4: Company Background - Envestnet became a private company in November after being acquired by Bain Capital affiliates in a deal valued at approximately $4.5 billion [5]. - The company reported $6.5 trillion in platform assets, over 20 million accounts, and services more than 111,000 financial advisors [6]. - Envestnet is enhancing its wealth management solutions by investing in tax intelligence, trading flexibility, client engagement, and advisor productivity [6]. Group 5: Historical Context - Envestnet acquired Yodlee in 2015 for a cash and stock transaction valued at about $660 million [7].

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Envestnet, Inc. (ENV) reported mixed third-quarter 2024 results, wherein earnings surpassed the Zacks Consensus Estimate and revenues missing the same.See Zacks Earnings Calendar to stay ahead of market-making news.The stock price has not witnessed any significant impact of the earnings beat since the company released results on Nov. 7, 2024.ENV’s earnings per share were 70 cents, beating the Zacks Consensus Estimate by 2.9%. The bottom line increased 25% year over year. Total revenues of $345.9 million mis ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number 001-34835 Envestnet, Inc. (Exact name of registrant as specified in its charter) (I.R.S Employer Identification No.) ...

For the quarter ended September 2024, Envestnet (ENV) reported revenue of $345.95 million, up 9.2% over the same period last year. EPS came in at $0.70, compared to $0.56 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $350.27 million, representing a surprise of -1.23%. The company delivered an EPS surprise of +2.94%, with the consensus EPS estimate being $0.68.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...

Envestnet (ENV) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.56 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.94%. A quarter ago, it was expected that this financial services firm would post earnings of $0.63 per share when it actually produced earnings of $0.55, delivering a surprise of -12.70%.Over the last four quarters, the ...

Exhibit 99.1 Envestnet Reports Third Quarter 2024 Financial Results Berwyn, PA — November 7, 2024 — Envestnet (NYSE: ENV), a leading provider of intelligent systems for wealth management and financial wellness, today reported financial results for the three and nine months ended September 30, 2024. | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------------------------------------------------------------------|-------|-----------------------------------------|------- ...

New Options Strategy Quantitative Portfolio (QP) is the Latest Solution to Emerge from Envestnet Affiliate QRG's Systematic Approach to Investment Management Advisors can Offer a Personalized Solution for Mitigating the Risk of a Concentrated Stock Holding, While Offsetting Capital Gains, Over Multiple Years BERWYN, Pa., Oct. 28, 2024 /PRNewswire/ -- Envestnet, a leading provider of integrated technology, data intelligence and wealth solutions—and also one of the largest direct index separately managed acco ...

Envestnet, Inc.'s (ENV) stock performance over the past year was impressive. The stock has gained 53.3%, outperforming the 23.5% rise of the industry and the 32.9% growth of the Zacks S&P 500 composite. The Zacks Consensus Estimate for revenues is pegged at $1.4 billion and $1.5 billion, increasing 10.6% and 10.2% year over year in 2024 and 2025, respectively. For 2024, the consensus estimate for earnings per share is pegged at $2.6, suggesting a 20.3% year-over-year rise. For 2025, the consensus estimate f ...

Kasowitz Benson Torres Is Acting As Lead Counsel For FinancialApps NEW YORK, Sept. 27, 2024 /PRNewswire/ -- Financial technology pioneer FinancialApps's $100 million lawsuit for trade secret misappropriation, tortious interference, and unfair competition against wealth management company Envestnet ($ENV) – whose acquisition by Bain Capital in a $4.5 billion deal was approved by shareholders earlier this week – is now headed to a jury trial in Delaware Federal Court. On September 26, 2024, Judge Jennifer L. ...