Envestnet, Inc.

ENV

$63.14

+0.00%

N/A+$0.00

Technology

Software - Application

NYSE

Inactive

Envestnet, Inc., through its various subsidiaries, offers a comprehensive range of wealth management software and related services to clients both within the ...

Supply Chain of ENV

Upstream

Foundry, packaging, memory, wafers, components, and input vendors.

Upstream

Amazon Web Services (AWS)

Salesforce, Inc.

Morningstar, Inc.

iCapital, Inc.

Ocrolus, Inc.

CAIS Group

Backbase

Equinix, Inc.

Amazon Web Services (AWS)

NASDAQ:AMZN

Cloud infrastructure and data analytics hosting (AWS Data Exchange for Yodlee/Envestnet data products)

Salesforce, Inc.

NYSE:CRM

CRM integration partner; Financial Services Cloud integration with Envestnet Tamarac and MoneyGuide

Morningstar, Inc.

NASDAQ:MORN

Investment research data, managed portfolio data, and Direct Advisory Suite integration with Envestnet platform

iCapital, Inc.

Alternative investment technology platform integration for unified managed accounts (UMA) and alternatives access

Ocrolus, Inc.

AI-powered document processing and financial statement upload/capture technology for Envestnet | Yodlee

Downstream

Customers, distributors, OEMs, and channels that absorb output.

Downstream

Charles Schwab Corporation

Fidelity Investments (privately held)

BNY Mellon (Pershing)

BlackRock, Inc.

Franklin Templeton (Franklin Resources Inc.)

State Street Global Advisors

Baird (Robert W. Baird & Co.)

JPMorgan Chase & Co.

Charles Schwab Corporation

NYSE:SCHW

Major custodian partner; Schwab Advisor Services clients use Envestnet platform; integration for RIA custody and trading

Fidelity Investments (privately held)

Major custodian partner; asset manager partner for custom model portfolios; Fidelity Clearing & Custody integrates with Envestnet

BNY Mellon (Pershing)

NYSE:BK

Clearing and custody partner; Pershing custodian clients use Envestnet platform for portfolio management and reporting

BlackRock, Inc.

NYSE:BLK

Strategic asset management partner (holds non-controlling interest); custom model portfolios, interval fund models on Envestnet platform

Franklin Templeton (Franklin Resources Inc.)

NYSE:BEN

Asset manager partner; custom model portfolios and interval fund strategies on Envestnet platform; Premier Partner relationship

Proxies

Public comparables and monitoring names used as representatives for the analysis.

Proxies

SEI Investments Company

Fiserv, Inc.

Broadridge Financial Solutions, Inc.

FactSet Research Systems Inc.

Equifax Inc.

SEI Investments Company

NASDAQ:SEIC

Direct public competitor in TAMP (turnkey asset management platform) and wealth management technology for RIAs, banks, and advisors

Fiserv, Inc.

NYSE:FI

Large financial technology peer; provides wealth management and banking technology platforms with overlapping customer base

Broadridge Financial Solutions, Inc.

NYSE:BR

Fintech peer providing investor communications, wealth management platforms, and proxy processing to financial institutions

FactSet Research Systems Inc.

NYSE:FDS

Financial data and analytics platform serving asset managers and wealth advisors; overlaps in data intelligence segment

Equifax Inc.

NYSE:EFX

Data and analytics peer; listed as competitor by 6sense in Other Fintech category; overlaps in data aggregation and analytics

Geographic

Region-level exposures that can distort the supply network.

Geographic

United States

India

Charles Schwab Corporation

Fidelity Investments

BNY Mellon (Pershing)

BlackRock, Inc.

Envestnet | Yodlee India (sold to STG Sept 2025)

United States

Primary market concentration — >90% of customers and revenue from U.S.-based financial advisors, RIAs, banks, and broker-dealers

Charles Schwab CorporationNYSE:SCHWCustodian partner and platform distribution channel

Fidelity InvestmentsCustodian partner and asset manager partner

BNY Mellon (Pershing)NYSE:BKClearing/custody partner

India

Offshore development and operations (Yodlee had Bangalore/Singapore operations prior to sale); ongoing cost optimization via offshore talent

Envestnet | Yodlee India (sold to STG Sept 2025)Former subsidiary; India-based data aggregation operations (now under STG)

Concentration

Customer, supplier, or partner concentration exposures that can distort the supply network.

Customer

High

Heavy reliance on top custodial partners (Schwab, Fidelity, Pershing) for platform distribution; loss of any single major custody integration could materially impact RIA client acquisition

Foundry

Low

Not applicable (Envestnet is a software/services company, not a manufacturer)

Memory

Low

Not applicable (Envestnet is a software/services company, not a semiconductor company)

Equipment

Critical

Heavy reliance on AWS for cloud infrastructure; AWS disruption or pricing changes would materially impact platform delivery and margin

Other

High

Dependence on key asset manager relationships (BlackRock, Franklin Templeton, Fidelity, State Street) for model portfolio content that drives asset-based revenue

Revenue mix

How the target's revenue mix translates into supply-chain leverage and dependency.

Asset-Based Recurring Revenue

59.6%

$0.7B

Tied directly to platform AUM/AUA; drives demand for custodial partners (Schwab, Fidelity, Pershing) and asset manager model providers (BlackRock, Franklin Templeton)

Subscription-Based Recurring Revenue (SaaS)

37.2%

$0.5B

Drives dependency on cloud infrastructure (AWS), CRM integration (Salesforce), and data/research feeds (Morningstar); SaaS platform uptime and security critical

Professional Services & Other

2.9%

$0.0B

Consulting, implementation, and customization services; lower margin, smaller scale but supports platform adoption and stickiness

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Envestnet, Inc.

Supply Chain of ENV

Upstream

Amazon Web Services (AWS)

Salesforce, Inc.

Morningstar, Inc.

iCapital, Inc.

Ocrolus, Inc.

CAIS Group

Backbase

Equinix, Inc.

Downstream

Charles Schwab Corporation

Fidelity Investments (privately held)

BNY Mellon (Pershing)

BlackRock, Inc.

Franklin Templeton (Franklin Resources Inc.)

State Street Global Advisors

Baird (Robert W. Baird & Co.)

JPMorgan Chase & Co.

View More

Proxies

SEI Investments Company

Fiserv, Inc.

Broadridge Financial Solutions, Inc.

FactSet Research Systems Inc.

Equifax Inc.

Geographic

United States

India

Supply Chain of ENV

Upstream

Amazon Web Services (AWS)

Salesforce, Inc.

Morningstar, Inc.

iCapital, Inc.

Ocrolus, Inc.

CAIS Group

Backbase

Equinix, Inc.

Downstream

Charles Schwab Corporation

Fidelity Investments (privately held)

BNY Mellon (Pershing)

BlackRock, Inc.

Franklin Templeton (Franklin Resources Inc.)

State Street Global Advisors

Baird (Robert W. Baird & Co.)

JPMorgan Chase & Co.

View More

Proxies

SEI Investments Company

Fiserv, Inc.

Broadridge Financial Solutions, Inc.

FactSet Research Systems Inc.

Equifax Inc.

Geographic

United States

India