CHICAGO, April 27, 2012 /PRNewswire/ -- Envestnet, Inc. (NYSE: ENV), a leading provider of technology-enabled wealth management solutions for investment advisors, is pleased to announce that Jud Bergman, Chairman and Chief Executive Officer, has been named one of The 25 Most Influential People in the Investment Advisory Business by Investment Advisor Magazine. The individuals on this exclusive list are honored for their impact on investing, practice management, technology and the regulatory universe in which all financial advisors operate.

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"As gratifying as this recognition is to me personally, we could not have achieved this without our clients and staff, who have shared and supported our vision," said Mr. Bergman. "Our goal is to empower advisors to achieve excellence in wealth management and improve client outcomes. Being named to this list acknowledges our commitment to be even more innovative, responsive and advanced in the years ahead."

Bergman was recognized by Investment Advisor for Envestnet's rapid growth, and its mission to transform the investment advisory business through technology that provides advisors with integrated software and services to help them advise, invest, manage and report on client portfolios. The magazine also cited Envestnet's recent acquisitions of FundQuest, Tamarac and Prima Capital, along with a 31 percent increase in revenue from assets under management and administration from the 4th quarter of 2010 to the 4th quarter of 2011, as significant factors in Mr. Bergman's inclusion.

The IA25 profile of Jud Bergman as well as profiles of the other honorees can be found online at AdvisorOne (http://www.advisorone.com/2012/04/24/the-2012-ia-25).

ABOUT ENVESTNET (NYSE: ENV)

Envestnet, Inc. (NYSE: ENV) is a leading provider of technology-enabled wealth management solutions to investment advisors. The Envestnet AdvisorSuite® platform empowers advisors to better manage client outcomes and strengthen their practice. Envestnet also offers advanced portfolio solutions through its Portfolio Management Consultants Group, Envestnet | PMC®. Envestnet | Vantage™ gives advisors an in-depth view of clients' various investments, empowering them to give holistic, personalized advice.

Envestnet is headquartered in Chicago with offices in Boston, Charlotte, Denver, New York, Sunnyvale and Trivandrum, India. For more information on Envestnet, please go to www.envestnet.com or call our toll-free number: (855) 769-0806.

SOURCE Envestnet, Inc.