Clients
Envestnet Asset Management serves 2,241,364 clients, 2,125,667 of them other individuals. The average client has about $274,000 with the firm, and high-net-worth clients hold 31% of its $614.9 billion in assets.
- Individuals2,125,667 clients63%
- High-net-worth individuals93,557 clients31%
- Corporations and other businesses15,422 clients4%
- OtherInvestment companies, Charitable organizations, State or municipal government entities, Other2%
What it does
Envestnet Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutions, pension consulting, selecting other managers, publishing newsletters and other activities. It is paid through a percentage of assets, subscription fees, fixed fees and other arrangements.
Envestnet Asset Management advises no private funds.
100.0% of assets ($614.93B across 2,241,364 accounts) are managed with discretion. $589.63B sits in a wrap fee program the firm both sponsors and manages. 0% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
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| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 2,125,667 | $387,574,646,773 | 63.0% | $182K |
| High-net-worth individuals | 93,557 | $191,217,429,425 | 31.1% | $2.04M |
| Investment companies | 4 | $4,219,169,715 | 0.7% | $1.05B |
| Charitable organizations | 5,162 | $7,188,591,300 | 1.2% | $1.39M |
| State or municipal government entities | 769 | $104,002,762 | 0.0% | $135K |
| Corporations and other businesses | 15,422 | $23,826,616,516 | 3.9% | $1.54M |
| Other | 783 | $802,793,253 | 0.1% | $1.03M |
| Total | 2,241,364 | $614,933,249,744 | 100% | $274K |
- Regulatory AUM
- $387,574,646,773
- Share
- 63.0%
- Avg. per client
- $182K
- Regulatory AUM
- $191,217,429,425
- Share
- 31.1%
- Avg. per client
- $2.04M
- Regulatory AUM
- $4,219,169,715
- Share
- 0.7%
- Avg. per client
- $1.05B
- Regulatory AUM
- $7,188,591,300
- Share
- 1.2%
- Avg. per client
- $1.39M
- Regulatory AUM
- $104,002,762
- Share
- 0.0%
- Avg. per client
- $135K
- Regulatory AUM
- $23,826,616,516
- Share
- 3.9%
- Avg. per client
- $1.54M
- Regulatory AUM
- $802,793,253
- Share
- 0.1%
- Avg. per client
- $1.03M
What the accounts hold
- Stocks23%
- Funds70%
- Bonds4%
- State and local bonds2%
- U.S. government and agency bonds1%
- Investment grade corporate bonds1%
- Cash3%
Custodians
Envestnet Asset Management’s client accounts are held mainly at Fidelity, with 53% of managed assets, and Pershing, with 19%. Envestnet Asset Management has custody of $50.35B for 108,240 clients.
- FidelityNational Financial Services LLC · Boston, MA · $324.25B53%
- PershingPershing LLC · Jersey City, NJ · $117.52B19%
- All other custodians$173.16B28%
Ownership and leadership
Envestnet, Inc. owns 75% or more of Envestnet Asset Management, and Christopher Todd is its CEO.
- Owns 75% or more of Envestnet Asset Management, Inc.
Envestnet, Inc.
Control person · since May 2000
- Owns 75% or more of Envestnet, Inc.
Bcpe Pequod Buyer, Inc.
Control person · since November 2024
- Owns 75% or more of Bcpe Pequod Buyer, Inc.
Bcpe Pequod Intermediate, LLC
Control person · since November 2024
- Owns 75% or more of Bcpe Pequod Intermediate, LLC
Bcpe Pequod Parent , Inc.
Control person · since November 2024
- Owns 75% or more of Bcpe Pequod Parent , Inc.
Bcpe Pequod Topco, LP
Control person · since November 2024
- Owns 50% to 75% of Bcpe Pequod Topco, LP
Bcpe Pequod Investor, LP
Control person · since November 2024
- Owns 25% to 50% of Bcpe Pequod Investor, LP
Bain Capital Fund Xiii, L.P.
since November 2024
Leadership
- Christopher ToddChief Executive Officer
- John HofmannChief Financial Officer
- Debra DevoeChief Compliance Officer
- Dana D'AuriaCo-CIO
- Kathryn EvansChief Operations Officer
- Shelly O'BrienCorporate Secretary
- Brandon ThomasCo-CIO
Staff
- 532 employees
- 178 in advisory functions
- 56 state-registered reps
- 7 broker-dealer reps
Reported holdings
Envestnet Asset Management’s reported 13F holdings total $423.60B across 4,822 positions, and the ten largest make up 20.9% of it.
- $423.60B
- Reported 13F value
- 4,822
- Positions
- 20.9%
- In the 10 largest
- +13.4%
- Value vs. prior quarter
- iShares TR · Core S&P500 ETF7.3%
- iShares TR · Core Univrsl Usd2.0%
- Blackrock ETF Trust · iShares US Equit1.8%
- Vanguard Index Fds · S&P 500 ETF Shs1.8%
- iShares TR · S&P 500 Grwt ETF1.6%
- Vanguard Tax-managed Fds · Van FTSE Dev Mkt1.5%
- iShares Inc. · Core MSCI Emkt1.4%
- iShares TR · S&P 500 Val ETF1.3%
- Vanguard Index Fds · Growth ETF1.2%
- Vanguard Index Fds · Value ETF1.2%
Together, the ten largest are 20.9% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $423.60B is not its $614.93B in regulatory assets and does not represent any individual client's portfolio.
Fees
Envestnet Asset Management is paid through a percentage of assets under management, subscription fees, fixed fees (other than subscription fees) and other.
Envestnet Asset Management’s fee rates are not included in this profile. Read its fee schedule in its SEC-filed brochure.
Offices and registrations
Besides its headquarters, Envestnet Asset Management has 1 office, with 2 listed addresses across 2 states.
Colorado · 1 listed address
- 1801 California ST, Denver
Pennsylvania · 1 listed address
- 1000 Chesterbrook Boulevard , Suite 250, BerwynHQ
Other business names
Envestnet Asset Management has reported 1 other business name to the SEC.
- Envestnet PMC
Registration details
- Legal name
- Envestnet Asset Management, Inc.
- Headquarters
- 1000 Chesterbrook Boulevard , Suite 250, Berwyn, PA 19312
- Phone
- 312-827-2800
- SEC file
- 801-57260
- Founded
- 1999
- Structure
- Delaware corporation
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Envestnet Asset Management have?
Envestnet Asset Management has 2,241,364 clients and manages $614.9 billion for them, as of June 2026. They include 2,125,667 other individuals, 93,557 high-net-worth individuals and 15,422 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 June 2026
What services does Envestnet Asset Management offer?
Envestnet Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutions, pension consulting, selecting other managers, publishing newsletters and other activities.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Envestnet Asset Management use?
Envestnet Asset Management’s separately managed account assets are held at National Financial Services LLC (Boston, MA), with $324,253,488,303 and Pershing LLC (Jersey City, NJ), with $117,516,933,113. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 June 2026
How many financial advisors does Envestnet Asset Management have?
Envestnet Asset Management has 56 investment adviser representatives registered with state securities authorities, out of 532 employees, and 178 perform investment advisory functions. 7 are registered representatives of a broker-dealer and 0 are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Envestnet Asset Management invest in?
At the end of its last fiscal year, Envestnet Asset Management’s separately managed accounts held 70% registered funds (mutual funds, ETFs, BDCs), 23% exchange-traded equities, 3% cash and equivalents, 2% state and local bonds, 1% U.S. government and agency bonds and 1% investment grade corporate bonds. It advises no private funds of its own.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Envestnet Asset Management?
Envestnet Asset Management is owned through a chain of holding companies by Bain Capital Fund Xiii, L.P. Its direct owner is Envestnet, Inc. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 30 June 2026
How does Envestnet Asset Management get paid?
Envestnet Asset Management is paid through a percentage of assets under management, subscription fees, fixed fees and other arrangements. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file