Envestnet Inc
ENV: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$32.00 | Dmqzzrs | Dxvqqqgvv |
Envestnet Finally Sees Margin Progress but Revenue Pressure, Particularly at Yodlee, Is a Concern
Business Strategy and Outlook
Envestnet was founded in 1999 to offer independent advisors access to a comprehensive wealth-management platform. The firm’s founder, the late Jud Bergman, sought to capitalize on the move to independent RIAs from wirehouse firms and the move to a fee-based advice from a commission-based model.