Envestnet Prices Initial Public Offering

CHICAGO--(BUSINESS WIRE)-- Envestnet, Inc. (NYSE: ENV), today announced that it has priced its initial public offering of 7,000,000 shares of common stock. Of the shares being offered, 4,705,500 shares of common stock are being sold by Envestnet, Inc. and 2,294,500 shares of common stock are being sold by selling stockholders, at a price of $9.00 per share. Envestnet, Inc. and the selling stockholders have granted the underwriters an option to purchase an additional 705,825 shares from Envestnet, Inc. and 344,175 shares from the selling stockholders. Envestnet, Inc. will not receive any proceeds from the sale of shares by the selling stockholders. The shares will begin trading on the New York Stock Exchange under the ticker symbol "ENV" on Thursday, July 29, 2010. The adjusted information upon which the NYSE relied to list Envestnet, Inc. is included in Envestnet, Inc.'s Original Listing Application filed with the NYSE. Such information is available to the public upon request. Envestnet, Inc. will also include the adjusted financial data for the year ended December 31, 2009 in its final Original Listing Application to be filed with the NYSE.

Morgan Stanley & Co. Incorporated, UBS Securities LLC and Barclays Capital Inc. are acting as joint book-running managers, and William Blair & Company L.L.C., RBC Capital Markets Corporation, Stifel, Nicolaus & Company, Incorporated, Sandler O'Neill & Partners, L.P. and Melvin Securities, LLC are serving as co-managers for the offering.

A registration statement relating to the shares of common stock was declared effective by the Securities and Exchange Commission today. Any offer or sale will be made only by means of a written prospectus forming part of the effective registration statement. A copy of the prospectus related to the offering, when available, may be obtained from Morgan Stanley & Co. Incorporated, via telephone: (866) 718-1649; email: prospectus@morganstanley.com; or standard mail at Morgan Stanley & Co. Incorporated, 180 Varick Street, 2nd Floor, New York, NY 10014, Attn: Prospectus Department, from UBS Investment Bank, 299 Park Avenue, New York, New York 10171, Attention: Prospectus Department, 1-888-827-7275, or from Barclays Capital Inc., c/o Broadridge Financial Solutions, at 1155 Long Island Avenue, Edgewood, New York 11717, Toll Free (888) 603-5847, or by email at barclaysprospectus@broadridge.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Envestnet (NYSE: ENV)

Envestnet, Inc. is a leading independent provider of technology enabled, Web based investment solutions and services to financial advisors, who are independent, as well as those who are associated with small or mid sized financial advisory firms and larger financial institutions. Envestnet's technology is focused on addressing financial advisors' front , middle and back office needs. Envestnet is headquartered in Chicago. For more information on Envestnet, Inc. please go to www.envestnet.com.

    Source: Envestnet, Inc.

Released July 28, 2010