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Envestnet overview

Industry
Financial Services
Revenue
Headquarters
Employees
4,250
Founded in
Website
Organization type
Public
Social media
Envestnet is a leading independent provider of technology-enabled, Web-based investment solutions and services to financial advisors. By integrating a wide range of investment solutions and services, their technology platform provides financial advisors with the flexibility to address their clients' needs. They work with financial advisors who are independent, as well as those who are associated with small or mid-sized financial advisory firms and larger financial institutions, which they refer to as enterprise clients. They focus their technology development efforts and their sales and marketing approach on addressing financial advisors' front-, middle- and back-office needs. They believe that their investment solutions and services allow financial advisors to be more efficient and effective in the activities critical to their businesses by facilitating client interactions, supporting and enhancing portfolio management and analysis, and enabling reliable account support and administration. Their centrally-hosted technology platform provides financial advisors with the flexibility to choose freely among a wide range of investment solutions, services, investment managers and custodians to identify those that are most appropriate for their clients. Over the years, they have grown into one of the largest providers of wealth management solutions in the industry, with more than 700 employees in their Chicago headquarters and offices in Boston, Charlotte, Denver, New York, Silicon Valley, and Trivandrum, India.
The staff at Envestnet come from unusually diverse demographic backgrounds. The company is 41.8% female and 40.8% ethnic minorities. Despite its diversity in other areas, Envestnet employees are noticeably lacking in political diversity. It has an unusually high proportion of employees who are members of the Democratic Party, at 90.0%. Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Democratic Party. Envestnet has great employee retention with staff members usually staying with the company for 4.1 years.The average employee at Envestnet makes $105,733 per year, which is competitive for its industry and location. Some of its highest paying competitors, Wells Capital Management, AllianceBernstein, and Nuveen Investments, pay $111,032, $106,474, and $106,212, respectively.
Based in Chicago, IL, Envestnet is a key player in the finance industry with 4,250 employees and an annual revenue of $1.2B.

Envestnet's mission statement

To empower advisors and financial service providers with innovative technology, solutions, and intelligence to make financial wellness a reality for everyone.

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4.0/5

Envestnet employee reviews

Based on 1 ratings

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Envestnet employee reviews

Envestnet employee reviews
4.0/5

Based on 1 ratings

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A zippia user wrote a review on Sep 2021
Pros of working at Envestnet

Reliable management, good benefits, work/life balance

Cons of working at Envestnet

Uninspiring work

Envestnet benefits

Free assortments of snacks/drinks in all kitchens

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The team at Envestnet

  • The founders of Envestnet are William C. Crager, Judson Bergman, Brandon Rockwell Thomas J.d and James Winfield Lumberg.
  • The key people at Envestnet are Anil Arora, William C. Crager and Judson Bergman.
Key people
Anil Arora
William C. Crager
Judson Bergman
Brandon Rockwell Thomas J.d
James Winfield Lumberg

Envestnet rankings

Envestnet is ranked #22 on the Best Finance companies to work for in Illinois list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

Read more about how we rank companies.

Envestnet salaries

Average Envestnet salary
$105,733
yearly
$50.83 hourly
Updated March 14, 2024

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Envestnet diversity

9.5
Diversity score
We calculated Envestnet’s diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of Envestnet’s workforce.
Envestnet diversity summary. Zippia estimates Envestnet's demographics and statistics using a database of 30 million profiles. Zippia verifies estimates with BLS, Census, and current job openings data for accuracy. We calculated Envestnet's diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of Envestnet's workforce.
  • Envestnet has 4,250 employees.
  • 42% of Envestnet employees are women, while 58% are men.
  • The most common ethnicity at Envestnet is White (59%).
  • 15% of Envestnet employees are Asian.
  • 14% of Envestnet employees are Hispanic or Latino.
  • The average employee at Envestnet makes $105,733 per year.
  • Envestnet employees are most likely to be members of the democratic party.
  • Employees at Envestnet stay with the company for 4.1 years on average.

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Envestnet office locations

Envestnet is headquartered in Chicago, IL

Biggest Envestnet locations

RankCityJob countAvg. salary
1Raleigh, NC15$96,354
2Denver, CO4$89,988

Envestnet financial performance

9.7
Performance score

We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Envestnet currently has 1.2B in revenue. Envestnet's most recent quarter produced 312.4m (q2'2023).

Envestnet annual revenue

$1B
$996M
$747M
$498M
$249M
$0
2018
2019
2020
2021
2022
2023

Highest paying Envestnet competitors

Compare Envestnet salaries to competitors, including Wells Capital Management, AllianceBernstein, and Nuveen Investments. Employees at Wells Capital Management earn the highest average yearly salary of $111,032. The salaries at AllianceBernstein average $106,474 per year, and the salaries at Nuveen Investments come in at $106,212 per year.
RankCompanyAverage salaryJobs
1$111,0320
2$106,4740
3$106,2120
4$106,1000
5$105,4340
6$104,4520
7$103,9330
8$91,0130
9$90,5190
10$87,9810

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Zippia gives an in-depth look into the details of Envestnet, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Envestnet. The employee data is based on information from people who have self-reported their past or current employments at Envestnet. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Envestnet. The data presented on this page does not represent the view of Envestnet and its employees or that of Zippia.

Envestnet may also be known as or be related to Envestnet, Envestnet Inc, Envestnet Inc., Envestnet Wealth Management Services, Envestnet, Inc and Envestnet, Inc.