InvestorPresentation

January2016

SafeHarborDisclosure
This presentation contains forwardlooking statements. These forwardlooking statements
include, in particular, statements about our plans, strategies and prospects. These
statements are based on our current expectations and projections about future events.
The words may, will, should, expect, scheduled, plan, seek, intend,
anticipate, believe, estimate, aim, potential or continue or the negative of
those terms or other similar expressions are intended to identify forwardlooking
statements and information. You are cautioned not to place undue reliance on these
forwardlooking statements, which speak only as of their dates. These forwardlooking
statements are based on assumptions and estimates by our management that, although
we believe to be reasonable, are inherently uncertain and subject to risks and uncertainties
that could cause actual results to differ from historical results or those anticipated or
predicted by our forwardlooking statements. These risks and uncertainties include those
described in our filings with the SEC. In light of these risks and uncertainties, the matters
referred to in the forwardlooking statements contained in this presentation may not in
fact occur.
We undertake no obligation to update or revise any forwardlooking statement after the
date of this presentation as a result of new information, future events or otherwise, except
as required by law.
We qualify all of our forwardlooking statements by these cautionary statements.

EmpoweringBetterOutcomesforAdvisorsandTheirClients
CompanySnapshot
Cloudbasedwealthmanagementplatformthat
enablesflexible,fullycustomizablesolutionsfor
advisors

Openarchitecture
Transparency

FiduciaryStandard
Independent andObjective

Supportsover43,500advisors,andover3.2million
investoraccountsandalmost$800billionintotal
assetswithover$250billionoffeegenerating
assetsundermanagement(AUM)andassetsunder
administration(AUA)
Envestnet|Yodleeleadingdataaggregation
providerwith:

Continuedrevenuegrowth:
349

243
($MM)

MilestonesSince2010IPO

157
98

123

Over14,000Financial
Institutions

21+ millionusers

Highretentionratesandhighlyvisiblerevenuebase
derivedfromassetbasedfeesandsoftwareand
subscriptionlicensingfees

2010

2011

2012

2013

2014

Eightacquisitionstoenhance
investmentandtechnologysolutions,
andexpandclientbase

Continuedinnovationintechnology
platform

#1rankedserviceproviderby
platformassets,accordingtothe
MoneyManagementInstitute(MMI)

ProvenRecordofInnovationandGrowth

$275

$250

Positionedtobenefitfrom andpromotetransformationofwealth
management

AUM/AUA($billions)

$200
$175

Growthinfeebasedassets
Supportsfiduciaryprocess
Integratedplatformsreplacinglegacyplatforms
Increasedefficiencyanddrivingbetteroutcomes

1,000

Accounts AUM/AUA(000s)

$225

1,200

800

Trackrecordoforganicandacquisitivegrowth

$150

$125
$100

Over$255billionofAUM/A
38%AssetCAGR(200514)
40%AccountCAGR(200514)

600

400

$75

AUM/AUA

$50

Accounts

200

$25

Strategic
Innovations

2001

2004

2005

2007

2010

2012

First webbased
wealth
management
platformforfee
based advisors

NAMand
Oberon
Acquisitions

Firstintegrated
Advisoras
Portfolio
Manager
Program

FirstTAMPto
unbundle
technologyand
servicesfromasset
management

Begin Strategic
Consolidation ofTAMP
industry

Tamarac: first
integratedCRM,
rebalancingand
reporting forRIAs

2013

2014

2015

FinanceLogix
Firstfullymobile Broadenfocus
wealth
fromInvestment andYodlee
management centric platformto Acquisitions
WealthCentric
platform
platform

EmpoweringtheAdvisoroftheFuture
Holisticdataintegratedwithmissioncriticalapplicationsisbecomingthekeytoservingclientsbetter

Envestnet is aiming to build the Holy Grail of advisor technology platforms, a fully integrated technology
stack including CRM, portfolio accounting, and now financial planning software, integrated with a robostyle
clientfacing portal that includes PFM capabilities . . . and revealing that Envestnet wants to take the high
ground of advisor valueadd and deliver the ultimate integrated technology platform of the future for advisors
. . . Michael Kitces, Kitces Blog
5

DeliveringLongTermGrowth

Transformationalopportunityintheevolvingand
growingwealthmanagementvertical

Leadingproviderofunifiedwealthmanagementtechnologyandservices,
empoweringadvisorstoachievebetterfinancialoutcomes

Substantialorganicandstrategicgrowthopportunities

Visible,recurringrevenues,strongfreecashflowandoperatingleverage

FundamentalTrendsSupportGrowthOpportunity
LongtermGrowthTrendsContinue

Increasingrelianceontechnologytosupportevolvingrelationshipbetweenadvisorsand
investors
Integratedtechnologydrivingadvisorproductivitygains
Commissionbasedaccountstransitioningtofeebasedaccounts
Growthinindependentchannels
%ofAggressiveTechnologyAdoptersAllocatingResourcestoTechnology
76%

Shifttocloudbasedor
outsourcedsolutions

56%

51%

Createprocessworkflows& Implementmobiletechnologies
automation

Source:Insightsfromthe2013FidelityRIABenchmarkingStudy

FeeBasedAssets($trillion)
2.7
2008

5.9

2013

RIAsIncludingDuallyRegisteredAdvisors(000s)
6.4
42.2

53.4

57.1

2008

2013

2014E

Q32014E

Source:Cerulli ManagedAccountsQuantUpdate2014,Cerulli ManagedAcctsEdgeQ12014andEnvestnetestimates

Source:Cerulli AssociatesAdvisorMetricsDecember2014

ProvenGrowthThroughMarketCycles

Strongergrowthinstrongmarkets
Integratedtechnologydrivesadvisormarketsharegainsinallmarketenvironments
7

YodleeAcquisitionAcceleratesGrowthOpportunity
Combinedcompanywellpositionedforsignificantincrementalmarketopportunity

YodleedataaggregationcapabilitiesdelivertremendousvaluetoEnvestnetcoremarkets
EnvestnetwealthmanagementsolutionscomplementarytoYodleeoffering
Achieving1/3of2020penetrationpotentialexceedsrequiredrateofreturnoncapital
Achievingrequiredrateofreturnoncapitalwouldincreaserevenueperadvisorby
approximately15%

Product

TotalAddressable
Market

Envestnet/Yodlee
Opportunity

2020 Penetration
Potential

Aggregationbased
offeringstoadvisors

$450million

$105 million

(300,000advisors,ASP of$1500/yr)

(70,000advisorsatASPof$1500/yr)

30%
$31.5million

ENV solutionstoYodlee
Enterpriseclients

$1.2billion

$360 million

(100 millionaccounts,$12/yr)

(30millionaccounts,$12/yr)

DataAnalytics
+Research

$4.6 billion

$350 million

(Envestnetestimatebasedondata
fromBostonConsultingGroup)

(1,500MoneyManagersatASPof
$200K/yr +1,000RIAsatASPof$50K/yr)

International
Opportunities

$2 billion

$500million

10%
$50million

Total

$8.25billion

$1.3billion

$205million

10%
$36million
25%
$87.5million

BroadandEstablishedClientBase
YodleeextendsEnvestnetvaluepropositionfromwealthmanagementtechnologytohighergrowth
financialtechnology

AUM
2007:Successfulexpansion
byENVtoAUAand
technologylicensing

Unbundled
Technology

2015:Ownershipofdata
andAPIfuelsadditional
sourceofENVgrowth

Data
RIAs

BrokerDealers

Banks

InternetInnovators

SignificantCompetitiveAdvantages
Breadthanddepthofintegratedproductsuitedriveshighclientretentionratesandcreatessignificantbarrierstoentry

Envestnethasattainedafirstmoveradvantagethroughthedevelopmentofintegratedproductsandservices

Difficulttoreplicatevastnetworkofadvisors,investmentmanagersandstrategists

Uniqueabilitytomanageandimplementportfoliostrategiesacrossmultiplecustodians

Unifiedendtoendsolutionsetprovidespricingstability,whileprovidingcontinuingopportunityforcrossselling

Considerations

IllustrativeCompanies

TurnkeyAsset
ManagementPlatforms

Fewerchoicesofproductsandservices
Inabilitytoservicefulladvisorbookofbusiness

AssetMark
LockwoodAdvisors
SEIInvestmentCompany

SinglePointService
Providers

Addressonespecificissueorneed

AdventSoftware
Albridge

DataAggregators

Directconnectivityvs.screenscraping
Enterprisesecurity

Intuit
FiServ

Offersthemostcomprehensive unifiedwealthmanagementsolutions

10

AdvisorGrowthOpportunity
Strategicapproachtoachievingourgrowthobjectives

Grow
Existing
Relationships:

Faster
Growing

DuallyRegisteredAdvisors: 25,000($1.1trillion)
RegisteredInvestmentAdvisors: 29,000($1.7trillion)

Add
New
Relationships:

InsuranceBrokerDealers: 75,000($0.5trillion)
ENV:
41,000
Advisors

$3.2trillion

$4.3trillion

Total
Target
Markets:
240,000
advisors

BankBrokerDealers: 14,000($0.7trillion)

$0.7trillion

$8.1trillion
IndependentBrokerDealers: 67,000($2.0trillion)
Slower
Growing

Opportunity
for90,000
additional
advisors

RegionalBrokerDealers: 30,000($2.1trillion)

Opportunity
for115,000
additional
advisors

Wirehouse: 47,000($5.9trillion)

TotalMarket
287,000advisors($14.1trillion)
Source:CerulliAdvisorMetrics(December2014),Companyestimates.

11

DataGrowthOpportunity
Earlystagesoflargeandgrowingaddressablemarket

12

OurGrowthStrategy
Envestnethasmultipleleverstodriverevenuegrowth

~35%peryear

AddNew
Relationships

~68%peryear

Add
Advisors

Add
Accounts
perAdvisor
12bps

57bps

1560bps

AddProducts

13

SuccessfulAcquisitionStrategy
Envestnet hasstrengtheneditsplatformandgrownitsbusinessthroughsuccessfulacquisitions

Disciplinedapproachtoacquisitionsincludesbothconsolidatingandstrategictransactions:

ConsolidatingTransactions: highlyaccretivefinancially;scalable,addsadvisorsandassets,fullbenefitattainedin1836months

StrategicTransactions: valueaccretive;enhanceandexpandourplatform;addnewcapabilitiesordistribution

Type

BenefittoEnvestnet

Date

NetConsideration

Yodlee

Strategic

Leadingfinancialcloudand
dataanalyticsplatform

Q42015

Approx.$530million

FinanceLogix

Strategic

Scalablefinancialplanning
andPFMsoftware

Q22015

Approx.$30million

Placemark

Consolidating

Increasedscalewith$15
billionofUMAAUM

Q42014

$58million

WMS

Consolidating

Increasedscalewith$25
billionofAUM/AUA

Q32013

$9million+contingent
considerationupto$23million

Tamarac

Strategic

Backofficesoftware,
500+RIArelationships

Q22012

$48million

PrimaCapital

Consolidating

Addedinvestmentmanager
researchcapabilities

Q22012

$14million

FundQuest

Consolidating

Increasedscalewith$15
billionofAUM/AUA

Q42011

$28million

14

ProvenManagementTeam
Jud Bergman (16) Founder, Chairman and Chief Executive Officer

Previously Managing Director of Nuveen Investments

Stuart DePina (8) Group President, Envestnet | Tamarac

Previously Chief Executive Officer of Tamarac

Scott Grinis (15) Chief Technology Officer

Previously co-founded Oberon Financial Technology

Brandon Thomas (15) Co-Founder and Chief Investment Officer

Previously Vice President and Director, Equity Funds for

Nuveen Investments

Jim Lumberg (15) Co-Founder, Managing Director

Previously Vice President and Director of Fixed Income Funds

for Nuveen Investments

Jim Patrick (6) EVP, Advisor Managed Programs & PMC

Previously Co-Head of U.S. Retail Sales for Allianz Global

Investors

Babu Sivadasan (14) Group President, Retirement Solutions

Previously Chief Technology Officer of NetAssetManagement

Lincoln Ross (17) EVP, PMC Investment Operations

Previously CEO of FundQuest

Bill Crager (15) President

Previously served as Managing Director of Marketing and

Client Services at Rittenhouse Financial Services

Anil Arora (15) Vice Chairman, Chief Executive

Envestnet | Yodlee

Previously the Chairman and CEO of Yodlee

Pete DArrigo (7) Chief Financial Officer

Previously the Treasurer at Nuveen Investments

Shelly OBrien (13) Chief Legal Officer, GC and Corp. Secretary

Previously General Counsel and Director of Legal and

Compliance for ING (U.S.) Securities, Futures & Options Inc.

Josh Mayer (15) Chief Operating Officer

Previously the Director of Operations at Oberon Financial

Technology

Lori Hardwick (15) Group President, Advisor Services

Previously led RIA services division for Nuveen Investments

Viggy Mokkarala (15) EVP, Managing Director, Strat. Development

Previously co-founded Oberon Financial Technology

Aaron Bauer (13) Managing Director, Implementations

Previously Director of Internal Sales and Services at Envestnet

Note:Envestnettenure,includingpredecessorfirms,inparentheses(years).

15

CompellingFinancialModel

Growth Significantgrowthinclients,advisors,accountsandassets

Visibility Mostrevenuebilledquarterlyinadvance

Recurring Highclientretention,longtermsubscription
agreementsandlicensingcontracts
Significantoperatingleverage Marginsbenefitfromscalable
businessmodelandlongtermmarketappreciation

16

RevenueModel

Approximately85%ofAUMorAUAisbilledquarterlyinadvance,basedon
investedassetsatendofpreviouscalendarquarter
ClientAUM/AUAmixisapproximately45%U.S.equity,15%international
equity,30%fixedincome,and10%commodities,alternativesandcash
Revenueforcurrentquarterisverypredictable
Timingofnetflowsdrivespartialimpact
Intraquartermarketfluctuationsimpactarrearsbillingaccountsonly
Revenueforfuturequartersispredictable,impactedbytwofactors:
Netflowsinthepreviousquarter
Quarteroverquartermarketfluctuations

AssetBased
Revenuefrom
AUM/AUA
68%ofrevenue(1)

Software and
ServicesBased
Subscription,
Licensingand
ProfessionalServices
Revenue

Typicallyearnsoftware andservicesbasedfeesinmultiyearagreements
Subscriptionsandlicenseagreementsprimarilywithlargeenterpriseclients
Feesarebasedonthelevelandtypesofinvestmentsolutionsandservices
provided
Withincontractterm,revenuenotsubjecttoassetoraccountvolatility

32%ofrevenue(1)

(1)ProFormafortheyearendedDecember31,2014.

17

StrongLongTermGrowthDrivers
AUM/AUA($billions)(1)

Accounts(000s)(1)

2005 2014CAGR(%)
AUM
41
AUA
35
AUM/A
38

2005 2014CAGR(%)
AUM
39
AUA
41
AUM/A
40
978

AUM

246

AUA

736
178

667
174

449
98
64

132

307

14

20

29

29

49

293

47

28

46

47

2012

2013

2014

31
16
2005

40

82

68

13
7

19
10

22
7

14

23

31

10

2005

2006

2007

2008

2009

2010

2011

43

45

31

68

159

175

122

130

113

72

8
5

YoY
Growth
(%)

341

70
67

38

525

YoY
Growth
(%)

73
78

216
241

310
211

125

156

2010

2011

2012

2013

2014

75

11

32

64

33

50
24

36

37

46

66

2006

2007

2008

2009

55

55

41

10

Note:Numbersmaynotsumduetorounding.

18

StrongGrowthandProfitabilityTrends

Recurringandpredictablerevenuebasewithsignificantoperatingleverage

Otheroperatingexpensesreflectinfrastructureinplacetosupportsubstantialaccountgrowth
AdjustedEBITDA($mm) (1)

Revenue($mm)
GrowthRates(%)
2005 2014(CAGR)
27
2014vs.2013(YoY)
44

349

GrowthRates(%)
2006 2014(CAGR)
33
2014vs.2013(YoY)
45

55.9

AssetBased
Licensing&ProfessionalServices

38.6

243

294

27.4

157
201

123
81

32
8

Asset
Based
Fees(%
ofRev.)

50

71

18.1

98

92

14.0

78

127

59
40

24.0

76

11.6

72

57

22

24

30

42

55

21

5.6

10

20

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

(0.5)

80

85

78

73

78

80

81

83

84

2005

88

10.6

99

2006

2007

2008

Note:Numbersmaynotsumduetorounding.
(1) AdjustedEBITDAisanonGAAPfinancialmeasure.SeeAppendixforadditionalinformation.

2009

2010

2011

2012

2013

2014

19

DeliveringLongTermGrowth

Transformationalopportunityintheevolvingand
growingwealthmanagementvertical

Leadingproviderofunifiedwealthmanagementtechnologyandservices,
empoweringadvisorstoachievebetterfinancialoutcomes

Substantialorganicandstrategicgrowthopportunities

Visible,recurringrevenues,strongfreecashflowandoperatingleverage

20

Appendix

Reconciliation
NetIncometoAdjustedEBITDA

($MM)
2006
NetIncome(Loss)
3.66
DeferredRevenueFairValueAdjustment

InterestIncome
(0.58)
InterestExpense

Imputedinterestexpenseoncontingentconsideration

Fairmarketvalueadjustmenttocontingentconsideratio

IncomeTaxProvision(Benefit)

DepreciationandAmortization
2.53
ImpairmentonInvestments

StockCompensationExpense

ImpairmentofCustomerInducementAssets

OtherIncome

RestructuringChargesandTransactionCosts

ContractSettlementCharges

ReAuditRelatedExpenses

Severance

BadDebtExpense

CustomerInducementCosts

Pretaxlossattributabletononcontrollinginterest

LitigationRelatedExpense

AdjustedEBITDA
5.61

2007
23.94

(1.15)

(14.15)
2.92

11.56

YearendedDecember31
2008
2009
2010
2011
5.26
(0.87) (0.63)
7.61

(0.81) (0.22) (0.15) (0.08)

0.56
0.79

4.61
1.81
1.53
2.98
3.54
4.50
5.70
6.38
0.68
3.60

0.45
0.78
1.73
3.06

0.17

(1.10)

0.86
1.05

1.18

0.67
0.70

0.38
2.67

0.02
3.24
4.57

0.60
1.93
0.13
13.73 10.60 18.11 27.44

2012
0.47
1.25
(0.03)
0.00

2.60
12.40

4.04

2.72

0.28

0.27
23.99

2013
3.66
0.16
(0.02)
0.00
0.79
0.50
2.05
15.33

8.92

3.30

3.11
0.79

0.01
38.59

2014
13.98

(0.14)
0.63
1.47
(1.43)
8.53
18.65

11.42

(1.83)
2.67

0.74

1.23
0.02
55.94

Note:Numbersmaynotsumduetorounding.
Note:ThispresentationincludesAdjustedEBITDAasasupplementalperformancemeasurebecausewebelievethatitprovidesourinvestorswithadditionalinformationtoassessourperformance.AdjustedEBITDAis
notameasurementofourfinancialperformanceunderGAAPandshouldnotbeconsideredasanalternativetonetincomeorany otherperformancemeasuresderivedinaccordancewithGAAP.Thetableabovesets
forthareconciliationofnetincometoAdjustedEBITDAbasedonourhistoricalresults.

22