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Envestnet Portfolio Solutions

SEC-registered adviser since 1993Berwyn, PACRD 109662

$17.3B
AUM
60,663
Clients
See fees
Fee
178
Advisory staff

From Form ADV filed 30 June 2026 · data retrieved 15 October 2026SEC record

Envestnet Portfolio Solutions is an investment adviser headquartered in Berwyn, Pennsylvania, and registered with the SEC since 1993. Its clients include other individuals, high-net-worth individuals, and corporations and other businesses. High-net-worth individuals account for 25% of its regulatory assets under management.

Its services include portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers. Fee arrangements include a percentage of assets under management, subscription fees, fixed fees and other arrangements. Envestnet, Inc. owns 75% or more of Envestnet Portfolio Solutions, and Christopher Todd is its CEO.

Clients

Envestnet Portfolio Solutions serves 60,663 clients, 57,665 of them other individuals. The average client has about $286,000 with the firm, and high-net-worth clients hold 25% of its $17.3 billion in assets.

Regulatory assets by client type
  • Individuals57,665 clients73%
  • High-net-worth individuals2,557 clients25%
  • OtherCorporations and other businesses, Other2%
Show client breakdown
Individuals (other than HNW)
Clients
57,665
Regulatory AUM
$12,708,724,939
Share
73.3%
Avg. per client
$220K
High-net-worth individuals
Clients
2,557
Regulatory AUM
$4,359,556,061
Share
25.1%
Avg. per client
$1.70M
Corporations and other businesses
Clients
418
Regulatory AUM
$278,762,771
Share
1.6%
Avg. per client
$667K
Other
Clients
23
Regulatory AUM
$2,315,836
Share
0.0%
Avg. per client
$101K

Total

Clients
60,663
Regulatory AUM
$17,349,359,607
Share
100%
Avg. per client
$286K

What it does

Envestnet Portfolio Solutions provides portfolio management for individuals and small businesses, portfolio management for institutions and selecting other managers. It is paid through a percentage of assets, subscription fees, fixed fees and other arrangements.

Envestnet Portfolio Solutions advises no private funds.

100.0% of assets ($17.35B across 60,663 accounts) are managed with discretion. $17.33B 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.

What the accounts hold

Separately managed account assets by class, year end
  • Stocks9%
  • Funds86%
  • Bonds2%
  • Cash3%

Custodians

Envestnet Portfolio Solutions’ client accounts are held mainly at U.S. Bancorp Investments, with 89% of managed assets, and Fidelity, with 11%. Envestnet Portfolio Solutions has custody of $29.4M for 178 clients.

Managed account assets by custodian
  • FidelityNational Financial Services LLC · Boston, MA · $1.89B11%
  • U.S. Bancorp InvestmentsU.S. Bancorp Investments, Inc. · Saint Paul, MN · $15.41B89%
  • All other custodians$49.4M0%

Ownership and leadership

Envestnet, Inc. owns 75% or more of Envestnet Portfolio Solutions, and Christopher Todd is its CEO.

Who owns the firm
Envestnet Portfolio Solutions, Inc.· the adviser

  • Envestnet, Inc.

    Control person · since December 2011

    Owns 75% or more of Envestnet Portfolio Solutions, Inc.

Leadership

  • Christopher Todd
    Chief Executive Officer
  • John Hofmann
    Chief Financial Officer
  • Debra Devoe
    Chief Compliance Officer
  • Dana D'Auria
    Co-CIO
  • Kathryn Evans
    Chief Operations Officer
  • Shelly O'Brien
    Corporate Secretary
  • Brandon Thomas
    Co-CIO

Staff

  • 532 employees
  • 178 in advisory functions
  • 59 state-registered reps
  • 7 broker-dealer reps

Reported holdings

Envestnet Portfolio Solutions’ reported 13F holdings total $20.87B across 1,369 positions, and the ten largest make up 35.3% of it.

$20.87B
Reported 13F value
1,369
Positions
35.3%
In the 10 largest
+15.5%
Value vs. prior quarter
Ten largest positions, share of reported value
  1. iShares TR · Core S&P500 ETF7.2%
  2. Trust For Professional Manag · Activepassive US5.5%
  3. iShares TR · Rus Tp200 GR ETF5.1%
  4. iShares TR · Core Univrsl Usd3.7%
  5. iShares TR · Rus Tp200 VL ETF2.5%
  6. iShares TR · S&P 500 Grwt ETF2.4%
  7. Dimensional ETF Trust · US Large Cap Cor2.3%
  8. Trust For Professional Manag · Activepassive EQ2.3%
  9. Trust For Professional Manag · Activepassive CR2.2%
  10. Blackrock ETF Trust · iShares US Equit2.2%

Together, the ten largest are 35.3% of reported value.

The 50 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 20 July 2026

A 13F covers only exchange-traded long positions the firm holds with discretion, so this $20.87B is not its $17.35B in regulatory assets and does not represent any individual client's portfolio.

Fees

Envestnet Portfolio Solutions is paid through a percentage of assets under management, subscription fees, fixed fees (other than subscription fees) and other.

Envestnet Portfolio Solutions’ fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Envestnet Portfolio Solutions has 1 office, with 2 listed addresses across 2 states.

Listed office addresses by state

Pennsylvania · 1 listed address

  • 1000 Chesterbrook Boulevard , Suite 250, BerwynHQ

Other business names

Envestnet Portfolio Solutions has reported 1 other business name to the SEC.

  • Envestnet PMC

Registration details

Legal name
Envestnet Portfolio Solutions, Inc.
Headquarters
1000 Chesterbrook Boulevard , Suite 250, Berwyn, PA 19312
Phone
312-827-2800
Website
www.envestnet.com
SEC file
801-43579
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 Portfolio Solutions have?

Envestnet Portfolio Solutions has 60,663 clients and manages $17.3 billion for them, as of June 2026. They include 57,665 other individuals, 2,557 high-net-worth individuals and 418 corporations and other businesses.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 June 2026

What services does Envestnet Portfolio Solutions offer?

Envestnet Portfolio Solutions provides portfolio management for individuals and small businesses, portfolio management for institutions and selecting other managers.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does Envestnet Portfolio Solutions use?

Envestnet Portfolio Solutions’ separately managed account assets are held at U.S. Bancorp Investments, Inc. (Saint Paul, MN), with $15,410,831,676 and National Financial Services LLC (Boston, MA), with $1,889,176,664. 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 Portfolio Solutions have?

Envestnet Portfolio Solutions has 59 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 Portfolio Solutions invest in?

At the end of its last fiscal year, Envestnet Portfolio Solutions’ separately managed accounts held 86% registered funds (mutual funds, ETFs, BDCs), 9% exchange-traded equities, 3% cash and equivalents and 2% state and local 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 Portfolio Solutions?

Envestnet Portfolio Solutions 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 Portfolio Solutions get paid?

Envestnet Portfolio Solutions 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

Sources

  1. Form ADV Part 1A, amendment filed 30 June 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 109662.
  3. Form 13F-HR, filed 20 July 2026 for the quarter ended 30 June 2026.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

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This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with Envestnet Portfolio Solutions, Inc. and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.