4 - ENVESTNET, INC. (0001337619) (Issuer)

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Envestnet (NYSE:ENV), a leading provider of integrated technology, data intelligence and wealth solutions, today announced that the Company will release its third quarter 2024 financial results on Thursday, November 7, 2024 after market close. Due to the pending transaction with Bain Capital, the Company will not be providing guidance for the fourth quarter and will not host a conference call or webcast to review the third quarter 2024 financial results. About Envestnet Envestnet is helping to lead the growth of wealth managers and transforming the way financial advice is delivered through its ecosystem of connected technology, advanced insights, and comprehensive solutions – backed by i

NEW YORK, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the third quarter of 2024. This quarter, there are constituent changes within three of our indexes: the KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY). These changes will be effective prior to the opening of business

Envestnet (NYSE:ENV), a leading provider of intelligent systems for wealth management and financial wellness, today reported financial results for the three and six months ended June 30, 2024.     Three months ended       Six months ended     Key Financial Metrics   June 30,   %   June 30,   % (in millions, except per share data)     2024       2023     Change     2024       2023     Change GAAP:            

Envestnet (NYSE:ENV), a leading provider of integrated technology, data intelligence and wealth solutions, today announced that the Company will release its second quarter 2024 financial results on Friday, August 9, 2024. The Company will host a conference call and earnings webcast to discuss its second quarter 2024 financial results on Monday, August 12, 2024 at 5:00pm ET. Due to the pending transaction with Bain Capital, the Company will not be providing guidance for the third quarter and there will not be a Q&A session during the earnings call. The conference call will be webcast live from the Company's investor relations website at https://investor.envestnet.com/. A replay will be a

Now In Its 20th Year, Envestnet's Asset Manager of the Year Awards Program Recognizes Top Performing Portfolio Managers with Standout Strategies BERWYN, Pa., May 15, 2024 /PRNewswire/ -- Envestnet, Inc. (NYSE: ENV) announced the winners of its 2024 Asset Manager of the Year Awards during a ceremony at the company's annual Elevate conference. Among the distinguished winners, Causeway Capital Management earned the prestigious title of Manager of the Year for its Causeway International Value ADR Strategy. "Congratulations to Causeway Capital Management for being named Manager of

Envestnet (NYSE:ENV), a leading provider of intelligent systems for wealth management and financial wellness, today reported financial results for the three months ended March 31, 2024.     Three months ended     Key Financial Metrics   March 31,   % (in millions, except per share data)     2024       2023     Change GAAP:             Total revenue   $ 325.0     $ 298.7     9% Net income (loss) attributable to Envestnet, Inc.   $

Leading Wealth Management Platform Recognizes Industry's Top Asset Managers for Strong & Index-Beating Performances in 2023 BERWYN, Pa., May 3, 2024 /PRNewswire/ -- Envestnet, Inc. (NYSE:ENV) has announced its list of finalists for the 2024 Asset Manager of the Year Awards. Now in its 20th year, the awards program recognizes high-conviction portfolio managers who exemplify excellence in investment management practices in varied economic environment and market conditions. www.envestnet.com. (PRNewsfoto/Envestnet)" alt="Envestnet is transforming the way financial advice is delivered through an ecosystem of technology, solution

Envestnet (NYSE:ENV), a leading provider of integrated technology, intelligent data and wealth solutions, today announced that the Company will release its first quarter 2024 financial results on Tuesday, May 7, 2024 after market close. The Company will host a conference call and earnings webcast to discuss first quarter 2024 financial results on Tuesday, May 7, 2024 at 5:00pm ET. The conference call will be webcast live from the Company's investor relations website at https://investor.envestnet.com/. A replay will be available on the investor relations website following the call. About Envestnet Envestnet is helping to lead the growth of wealth managers and transforming the way finan

Envestnet (NYSE:ENV), a leading provider of intelligent systems for wealth management and financial wellness, today reported financial results for the quarter and year ended December 31, 2023.     Three Months Ended       Year Ended     Key Financial Metrics   December 31,   %   December 31,   % (in millions, except per share data) (unaudited)     2023       2022     Change     2023       2022     Change GAAP:          

Envestnet (NYSE:ENV), a leading provider of intelligent systems for wealth management and financial wellness, today announced that the Company will release its fourth quarter and full year 2023 financial results on Thursday, February 22, 2024 after market close. The Company will host a conference call and earnings webcast to discuss fourth quarter and full year 2023 financial results on Thursday, February 22, 2024 at 5:00pm ET. The conference call will be webcast live from the Company's investor relations website at https://investor.envestnet.com/. A replay will be available on the investor relations website following the call. About Envestnet Envestnet is transforming the way financi

DA Davidson analyst Peter Heckmann downgrades Envestnet (NYSE:ENV) from Buy to Neutral and lowers the price target from $78 to $63.

Envestnet (NYSE:ENV) has been analyzed by 3 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 3 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 2 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $62.05, with a high estimate of $64.00 and a low estimate of $59.00. Observing a 4.58% increase, the curr

UBS analyst Alex Kramm downgrades Envestnet (NYSE:ENV) from Buy to Neutral and lowers the price target from $75 to $63.15.

William Blair analyst Jeff Schmitt downgrades Envestnet (NYSE:ENV) from Outperform to Market Perform.

Envestnet, Inc. (NYSE:ENV), a provider of integrated technology, intelligent data, and wealth solutions, announced a definitive agreement to be acquired by Bain Capital in a deal valuing the company at $4.5 billion ($63.15 per share). Reverence Capital and strategic partners, including BlackRock Inc (NYSE:BLK), Fidelity Investments, Franklin Templeton, and State Street Global Advisors, will also invest in the transaction. Envestnet manages over $6 trillion in assets and supports nearly 20 million accounts through its comprehensive wealth management platform, which serves over 109,000 financial advisors. The company has been recognized for its role financial planning, portfolio manag

- Reuters

Transaction DetailsUnder the terms of the agreement, which has been unanimously approved by the Envestnet Board of Directors, Envestnet shareholders will receive $63.15 in cash for each share of common stock they own. The transaction is expected to close in the fourth quarter of 2024, subject to the satisfaction of customary closing conditions, including receipt of approval by Envestnet's shareholders and required regulatory approvals. Upon completion of the transaction, Envestnet's common stock will no longer be publicly listed, and Envestnet will become a privately held company.

- Reuters Citing Sources

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 account providers—has launched an Options Strategy Quantitative Portfolio (QP) to address the market volatility, tax risk, and liquidity risk associated with concentrated stock positions, and

Mr. Scannell and Ms. Lane will Add Valuable Medical Technology, Finance and Corporate Governance Experience to Expanded Eight-Member Board Masimo Corporation (NASDAQ:MASI), a leading global medical innovator, today announced the appointments of Timothy J. Scannell and Wendy E. Lane to the Company's Board of Directors (the "Board"), effective immediately. Following these appointments, the Board will consist of eight directors. Quentin Koffey, Lead Independent Director of Masimo, stated, "We are pleased to welcome Tim and Wendy as our newest independent directors. Both are high-caliber professionals who will bring critical perspectives to the Board and possess expertise that closely aligns

Envestnet (NYSE:ENV), a leading provider of integrated technology, data intelligence and wealth solutions, today announced that the Company will release its third quarter 2024 financial results on Thursday, November 7, 2024 after market close. Due to the pending transaction with Bain Capital, the Company will not be providing guidance for the fourth quarter and will not host a conference call or webcast to review the third quarter 2024 financial results. About Envestnet Envestnet is helping to lead the growth of wealth managers and transforming the way financial advice is delivered through its ecosystem of connected technology, advanced insights, and comprehensive solutions – backed by i

BERWYN, Pa., Oct. 10, 2024 /PRNewswire/ -- Attracting and retaining high-net-worth (HNW) investors as lifelong clients is a critical focus for many financial advisors, yet the path to successfully engaging this lucrative client segment remains complex. Envestnet's latest research sheds light on the strategies and solutions that can help advisors better serve HNW clients and grow their practices. According to Envestnet's 2024 Advisor Perspectives Survey1, nearly one-third of advisors are set to enhance their focus on services tailored for HNW or ultra-high-net-worth (UHNW) clients. This number rises to 40% among firms managing over $500 million in assets.

Franklin Templeton today announces an expanded partnership with Envestnet, Inc. (NYSE:ENV) to deliver tax-managed, personalized strategies at scale through its Canvas Custom Indexing platform, as a component of the previously announced strategic partnership between the firms. Canvas, will be available to Envestnet's extensive client base of advisors across banks, wealth management and brokerage firms, as well as RIAs. "This marks another milestone for Franklin Templeton, furthering our position as a top SMA provider," said Roger Paradiso, Head of Product Solutions for Franklin Templeton. "The integration of Canvas on to the Envestnet platform is an exciting partnership that allows us to jo

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. Hall of the United States District Court for the District of Delaware i

BERWYN, Pa., Sept. 24, 2024 /PRNewswire/ -- Envestnet, Inc. (NYSE:ENV) ("Envestnet," or the "Company"), a leading provider of integrated technology, data intelligence, and wealth solutions, today announced that, at a special meeting (the "Special Meeting"), the Company's stockholders approved the pending acquisition of the Company by affiliates of vehicles managed or advised by Bain Capital (the "Merger"). www.envestnet.com. (PRNewsfoto/Envestnet)" alt="Envestnet is transforming the way financial advice is delivered through an ecosystem of technology, solutions, and intelligence. By establishing the connections between peopl

BERWYN, Pa., Sept. 23, 2024 /PRNewswire/ -- Envestnet (NYSE:ENV), a leading provider of integrated technology, data intelligence, and wealth solutions, has been recognized as an industry leader at the 2024 WealthManagement.com Industry Awards (the "Wealthies"). Including its Exchanges and partner integrations, Envestnet's ecosystem won five awards, including top honors for Advisor Choice and Best Unified (All-in-One) System. www.envestnet.com. (PRNewsfoto/Envestnet)" alt="Envestnet is transforming the way financial advice is delivered through an ecosystem of technology, solutions, and intelligence. By establishing the connec

New Envestnet RIA Capabilities include Enhanced Fixed-Income Trading tool, Unified Managed Accounts Integration, and New Client Portal Envestnet Co-CIO and Solutions Group President Dana D'Auria Takes the Stage at Future Proof 2024 to Address the Future of Investment Delivery BERWYN, Pa., Sept. 16, 2024 /PRNewswire/ -- Time, arguably an advisor's most valuable resource, is often in critically short supply, insufficient for what they would ideally like to spend with clients. According to Envestnet's 2024 Advisor Perspectives Survey1, nearly 40% of advisors are spending their time on investment management and administrative activities, with 30% saying they are not able to spend enough of thei

NEW YORK, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the third quarter of 2024. This quarter, there are constituent changes within three of our indexes: the KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY). These changes will be effective prior to the opening of business

DA Davidson downgraded Envestnet from Buy to Neutral and set a new price target of $63.00 from $78.00 previously

Jefferies upgraded Envestnet from Underperform to Hold and set a new price target of $59.00 from $47.00 previously

Raymond James downgraded Envestnet from Strong Buy to Outperform and set a new price target of $71.00 from $63.00 previously

William Blair resumed coverage of Envestnet with a rating of Outperform

Truist Securities reiterated coverage of Envestnet with a rating of Buy and set a new price target of $90.00 from $95.00 previously

DA Davidson upgraded Envestnet from Neutral to Buy and set a new price target of $86.00

DA Davidson upgraded Envestnet from Neutral to Buy and set a new price target of $86.00

JMP Securities reiterated coverage of Envestnet with a rating of Market Outperform and set a new price target of $101.00 from $97.00 previously

JMP Securities reiterated coverage of Envestnet with a rating of Market Outperform and set a new price target of $97.00 from $94.00 previously

RBC Capital reiterated coverage of Envestnet with a rating of Sector Perform and set a new price target of $89.00 from $84.00 previously

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Mr. Scannell and Ms. Lane will Add Valuable Medical Technology, Finance and Corporate Governance Experience to Expanded Eight-Member Board Masimo Corporation (NASDAQ:MASI), a leading global medical innovator, today announced the appointments of Timothy J. Scannell and Wendy E. Lane to the Company's Board of Directors (the "Board"), effective immediately. Following these appointments, the Board will consist of eight directors. Quentin Koffey, Lead Independent Director of Masimo, stated, "We are pleased to welcome Tim and Wendy as our newest independent directors. Both are high-caliber professionals who will bring critical perspectives to the Board and possess expertise that closely aligns

Succeeds Pete D'Arrigo Who Will Assist During Transition BERWYN, Pa., Sept. 25, 2023 /PRNewswire/ -- Envestnet, Inc. (NYSE:ENV), a leading provider of integrated technology, intelligent data and wealth solutions, today announced that Joshua B. Warren is joining the company as Chief Financial Officer. Warren is an accomplished financial executive who served most recently as Managing Director and Global Head of Business Strategy for iShares and Index Investments for BlackRock. Warren will succeed Peter H. D'Arrigo who served as Chief Financial Officer since 2008. Warren will ini

Announces Cooperation Agreement with Impactive Capital BERWYN, Pa., March 28, 2023 /PRNewswire/ -- Envestnet, Inc. (NYSE:ENV), a leading provider of intelligent systems for wealth management and financial wellness, today announced the appointment of three new independent directors to its Board of Directors. Barbara Turner, former CEO of Ohio National Financial Services, a leading provider of life insurance, annuities and wealth management services, joined the Board effective as of March 22, 2023, as part of Envestnet's ongoing refreshment process. Envestnet also has appointed

SAN FRANCISCO, Jan. 23, 2023 (GLOBE NEWSWIRE) -- Juniper Square, the leading provider of partnership enablement for the private funds industry, today announced the appointment of Andina Anderson as Chief Customer Officer (CCO), responsible for overseeing the company's client onboarding, success, service and support functions. Today, Juniper Square provides more than 1,700 GPs and 300,000 LPs with a universal system to connect and communicate seamlessly across every stage of their investment partnerships. "At Juniper Square we aim to provide our customers - investment managers in the private funds industry - with complete solutions to their problems. A deep commitment to the success of o

Details Serious Concerns with Envestnet's Prolonged, Significant Stock Price and Operating Underperformance, Lack of Shareholder Alignment and Poor Board Governance Perplexed by Board's Refusal to Add a Single Shareholder Representative to the Board, Despite Impactive's Large Ownership Stake and Considerable Effort to Collaborate Over the Past 18 Months Troubled by Excessive Spending Without ROI Justification and Declining Profitability as Management and Board Payouts Increase May Seek Further Board Change at 2023 Annual Meeting NEW YORK, Nov. 15, 2022 (GLOBE NEWSWIRE) -- Impactive Capital, LP, together with its affiliates, one of the largest shareholders of Envestnet, Inc. (NYSE:ENV

Digital 401(k) Retirement Plan Marketplace Provides a Seamless & Efficient Way for Advisors to Incorporate Retirement Plan Servicing into Their Practices BERWYN, Pa., June 1, 2022 /PRNewswire/ -- Envestnet today announced its acquisition of 401kplans.com, a digital 401(k) retirement plan marketplace that streamlines retirement plan distribution and due diligence among financial advisors and third-party administrators. The acquisition underscores Envestnet's ongoing commitment to the retirement plan industry, and to investing in technologies and solutions that enhance its financial wellness ecosystem—by helping advisors enable their clients to live an Intelligent Financial Life™.

Industry titan brings decades of leadership experience and extensive industry connections to commission-free insurance platform for RIAs DPL Financial Partners ("DPL"), the leading turnkey insurance platform for registered investment advisors ("RIAs"), announced the appointment of Tiburon Strategic Advisors and Tiburon CEO Summits Founder and Managing Partner Chip Roame to its board of directors. "We are thrilled to welcome Chip to our board," said DPL Founder and CEO David Lau. "Chip's passion for this industry, his deep knowledge and experience helping companies grow--both as an advisor and as a board member--rounds out the expertise we're seeking at the board level. As DPL continues to

Envestnet, Inc. (NYSE:ENV), today announced that Anil Arora has resigned as a director of the Company effective October 28, 2021. Bill Crager, Envestnet's President and Chief Executive Officer, said "On behalf of the Board of Directors and management of Envestnet, I want to thank Anil for his years of service to Envestnet and we wish him well in his future endeavors." Mr. Crager noted that Mr. Arora served as president and chief executive officer of Yodlee, Inc. from February 2000 and became Vice Chairman of the Board and Chief Executive of Envestnet | Yodlee in November 2015 when Yodlee was acquired by Envestnet. Mr. Arora stepped down as Chief Executive of Envestnet | Yodlee effective Ma