Exhibit 99.1

Envestnet Reports Third Quarter 2014 Financial Results

Chicago, IL — November 6, 2014 — Envestnet (NYSE: ENV), a leading provider of unified wealth management technology and services to financial advisors, today reported financial results for its third quarter ended September 30, 2014.

Key Financial Metrics	Three Months Ended September 30,				%		Nine Months Ended September 30,				%
(in millions except per share data)	2014		2013		Change		2014		2013		Change

Adjusted Revenues(1)	$	88.6	$	69.9	27	%	$	251.9	$	168.3	50	%
Adjusted EBITDA(1)	$	14.7	$	10.0	46	%	$	39.3	$	27.6	43	%
Adjusted Net Income per Share(1)	$	0.21	$	0.14	50	%	$	0.57	$	0.39	46	%

Financial Results for the Third Quarter of 2014 Compared to the Third Quarter of 2013:

· Adjusted Revenues(1) increased 27% to $88.6 million for the third quarter of 2014 from $69.9 million for the third quarter of 2013.

· Revenues from assets under management (AUM) or assets under administration (AUA) increased 26% to $74.9 million for the third quarter of 2014 from $59.6 million for the third quarter of 2013; total revenues, which include licensing and professional services fees, increased 27% to $88.6 million for the third quarter of 2014 from $69.9 million for the third quarter of 2013.

· Adjusted EBITDA(1) increased 46% to $14.7 million for the third quarter of 2014 compared to $10.0 million for the third quarter of 2013.

· Adjusted Net Income(1) was $7.9 million, or $0.21 per diluted share, for the third quarter of 2014 compared to $5.1 million, or $0.14 per diluted share, for the third quarter of 2013.

· Net income attributable to Envestnet, Inc. was $3.8 million, or $0.10 per diluted share, for the third quarter of 2014 compared to $1.3 million, or $0.04 per diluted share, for the third quarter of 2013.

“Envestnet provides truly integrated wealth management solutions to advisors and advisory firms looking to provide better client outcomes and profitably grow their business,” said Jud Bergman, Chairman and CEO.

“During the third quarter, Envestnet onboarded a record $46 billion in new assets from conversions, reflecting strong demand for our unified offerings from large institutions and registered investment advisors. We believe Envestnet will continue to grow organically through ongoing adoption of our wealth management solutions by advisors, and to accelerate that growth over time with disciplined strategic activity, such as the recently completed Placemark acquisition,” concluded Mr. Bergman.

Key Operating Metrics (AUM/A Only) as of and for the Quarter Ended September 30, 2014:

· Assets: $219.6 billion, up 37% from September 30, 2013

· Accounts: 897,551, up 37% from September 30, 2013

· Advisors: 24,887, up 14% from September 30, 2013

· Gross sales: $31.2 billion, resulting in net flows of $16.9 billion

The following table summarizes the changes in AUM and AUA for the quarter ended September 30, 2014:

In Millions Except Accounts	6/30/14		Gross Sales		Redemptions			Net Flows		Market Impact			Reclass to Licensing			9/30/14

Assets under Management (AUM)	$	53,063	$	5,404	$	(2,345	)	$	3,059	$	(1,187	)	$	—		$	54,935
Assets under Administration (AUA)	156,723		25,765		(11,945		)	13,820		(2,746		)	(3,158		)	164,639
Total AUM/A	$	209,786	$	31,169	$	(14,290	)	$	16,879	$	(3,933	)	$	(3,158	)	$	219,574
Fee-Based Accounts	836,253							84,708					(23,410		)	897,551

(1) Non-GAAP Financial Measures

“Adjusted revenues” exclude the effect of purchase accounting on the fair value of acquired deferred revenue. Under United States generally accepted accounting principles (GAAP), we record at fair value the acquired deferred revenue for contracts in effect at the time the entities were acquired. Consequently, revenue related to acquired entities for periods subsequent to the acquisition does not reflect the full amount of revenue that would have been recorded by these entities had they remained stand-alone entities.

“Adjusted EBITDA” represents net income before deferred revenue fair value adjustment, interest income, imputed interest on contingent consideration, income tax provision, depreciation and amortization, non-cash compensation expense, restructuring charges and transaction costs, re-audit related expenses, severance, fair market value adjustment on contingent consideration, litigation related expense, other income and pre-tax loss attributable to non-controlling interest.

“Adjusted net income” represents net income before deferred revenue fair value adjustment, imputed interest on contingent consideration, non-cash compensation expense, restructuring charges and transaction costs, re-audit related expenses, severance, fair market value adjustment on contingent consideration, amortization of acquired intangibles, litigation related expense, other income and net loss attributable to non-controlling interest. Reconciling items are tax effected using the income tax rates noted in the reconciliation table found in this release.

“Adjusted net income per share” represents adjusted net income divided by the diluted number of weighted-average shares outstanding.

See reconciliation of Non-GAAP Financial Measures at the end of this press release. These measures should not be viewed as a substitute for revenues, net income or net income per share determined in accordance with GAAP.

Cautionary Statement Regarding Forward-Looking Statements

The forward-looking statements made in this press release and its attachments concerning, among other things, Envestnet, Inc.’s (the “Company”) expected financial performance and outlook, its strategic operational plans and growth strategy are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties and the Company’s actual results could differ materially from the results expressed or implied by such forward-looking statements. Furthermore, reported results should not be considered as an indication of future performance. The potential risks, uncertainties and other factors that could cause actual results to differ from those expressed by the forward-looking statements in this press release include, but are not limited to, difficulty in sustaining rapid revenue growth, which may place significant demands on the Company’s administrative, operational and financial resources, fluctuations in the Company’s revenue, the concentration of nearly all of the Company’s revenues from the delivery of investment solutions and services to clients in the financial advisory industry, the Company’s reliance on a limited number of clients for a material portion of its revenue, the renegotiation of fee percentages or termination of the Company’s services by its clients, the Company’s ability to identify potential acquisition candidates, complete acquisitions and successfully integrate acquired companies, the impact of market and economic conditions on the Company’s revenues, compliance failures, regulatory actions against the Company, the failure to protect the Company’s intellectual property rights, the Company’s inability to successfully execute the conversion of its clients’ assets from their technology platform to the Company’s technology platform in a timely and accurate manner, general economic conditions, changes to the Company’s previously reported financial information as a result of political and regulatory conditions, as well as management’s response to these factors. More information regarding these and other risks, uncertainties and factors is contained in the Company’s filings with the Securities and Exchange Commission (“SEC”) which are available on the SEC’s website at www.sec.gov or the Company’s Investor Relations website at http://ir.envestnet.com/. You are cautioned not to unduly rely on these forward-looking statements, which speak only as of the date of this press release. All information in this press release and its attachments is as of November 6, 2014 and, unless required by law, the Company undertakes no obligation to publicly revise any forward-looking statement to reflect circumstances or events after the date of this press release or to report the occurrence of unanticipated events.

Contacts

Investor Relations	Media Relations
investor.relations@envestnet.com	mediarelations@envestnet.com
(312) 827-3940

Envestnet, Inc.

Condensed Consolidated Balance Sheets

(in thousands)

(unaudited)

	September 30,		December 31,
	2014		2013
Assets
Current assets:
Cash and cash equivalents	$	105,899	$	49,942
Fees and other receivables, net	24,514		19,848
Deferred tax assets, net	4,380		2,462
Prepaid expenses and other current assets	6,357		7,155
Total current assets	141,150		79,407

Property and equipment, net	16,438		12,766
Internally developed software, net	6,740		5,740
Intangible assets, net	32,210		35,698
Goodwill	77,918		74,335
Deferred tax assets, net	8,367		8,367
Other non-current assets	4,710		4,929
Total assets	$	287,533	$	221,242

Liabilities and Equity
Current liabilities:
Accrued expenses	$	38,584	$	35,242
Accounts payable	7,537		5,528
Bank indebtedness	30,000		—
Contingent consideration	6,095		6,008
Deferred revenue	5,958		6,245
Total current liabilities	88,174		53,023

Contingent consideration	8,981		11,297
Deferred revenue	4,270		1,148
Deferred rent	2,910		2,051
Lease incentive	5,726		3,547
Other non-current liabilities	2,682		2,404
Total liabilities	112,743		73,470

Redeemable units in ERS, LLC	1,500		—

Equity:
Stockholders’ equity	172,734		147,772
Non-controlling interest	556		—
Total liabilities and equity	$	287,533	$	221,242

Envestnet, Inc.

Condensed Consolidated Statements of Operations

(in thousands, except share and per share information)

(unaudited)

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2014			2013		2014		2013

Revenues:
Assets under management or administration	$	74,899		$	59,580	$	212,707	$	137,150
Licensing and professional services	13,678			10,300		39,238		30,987
Total revenues	88,577			69,880		251,945		168,137

Operating expenses:
Cost of revenues	39,111			30,154		111,503		66,600
Compensation and benefits	25,833			21,063		74,449		55,475
General and administration	13,428			11,985		38,514		30,840
Depreciation and amortization	4,253			4,467		13,290		10,666
Restructuring charges	—			474		—		474
Total operating expenses	82,625			68,143		237,756		164,055

Income from operations	5,952			1,737		14,189		4,082
Other income (expense)	(11		)	4		1,909		195
Income before income tax provision	5,941			1,741		16,098		4,277
Income tax provision	2,173			435		5,812		1,312

Net income	3,768			1,306		10,286		2,965
Add: Net loss attributable to non-controlling interest	—			—		195		—
Net income attributable to Envestnet, Inc.	$	3,768		$	1,306	$	10,481	$	2,965

Net income per share attributable to Envestnet, Inc.:

Basic	$	0.11		$	0.04	$	0.30	$	0.09

Diluted	$	0.10		$	0.04	$	0.28	$	0.08

Weighted average common shares outstanding:
Basic	34,674,245			33,686,112		34,447,619		32,912,084

Diluted	37,006,796			35,871,975		36,832,154		35,260,044

Envestnet, Inc.

Condensed Consolidated Statements of Cash Flows

(in thousands)

(unaudited)

	Nine Months Ended
	September 30,
	2014			2013
OPERATING ACTIVITIES:
Net income	$	10,286		$	2,965
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	13,290			10,666
Deferred rent and lease incentive	173			(784		)
Provision for doubtful accounts	—			153
Deferred income taxes	—			(1,375		)
Stock-based compensation expense	8,443			6,281
Excess tax benefits from stock-based compensation expense	(5,086		)	(2,704		)
Imputed interest expense	1,108			392
Fair market value adjustment on contingent consideration	(342		)	—
Changes in operating assets and liabilities:
Fees and other receivables, net	(4,613		)	(8,302		)
Prepaid expenses and other current assets	3,966			(2,993		)
Other non-current assets	(736		)	(1,265		)
Accrued expenses	3,212			7,946
Accounts payable	2,009			1,891
Deferred revenue	2,835			754
Other non-current liabilities	278			960
Net cash provided by operating activities	34,823			14,585

INVESTING ACTIVITIES:
Purchase of property and equipment	(5,249		)	(4,301		)
Capitalization of internally developed software	(2,562		)	(2,293		)
Acquisition of businesses, net of cash acquired	(1,288		)	(8,992		)
Net cash used in investing activities	(9,099		)	(15,586		)

FINANCING ACTIVITIES:
Proceeds from bank indebtedness	30,000			—
Payment of contingent consideration	(6,000		)	—
Proceeds from exercise of warrants	—			4
Proceeds from exercise of stock options	3,146			5,578
Issuance of ERS, LLC redeemable units	1,500			—
Payment of promissory note	(1,500		)	—
Issuance of restricted stock	—			1
Purchase of treasury stock for stock-based minimum tax withholdings	(1,999		)	(586		)
Excess tax benefits from stock-based compensation expense	5,086			2,704
Net cash provided by financing activities	30,233			7,701

INCREASE IN CASH AND CASH EQUIVALENTS	55,957			6,700

CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	49,942			29,983

CASH AND CASH EQUIVALENTS, END OF PERIOD	$	105,899		$	36,683

Envestnet, Inc.

Reconciliation of Non-GAAP Financial Measures

(in thousands, except share and per share information)

(unaudited)

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2014			2013			2014			2013

Revenues	$	88,577		$	69,880		$	251,945		$	168,137
Deferred revenue fair value adjustment	—			—			—			160
Adjusted revenues	$	88,577		$	69,880		$	251,945		$	168,297

Net income	$	3,768		$	1,306		$	10,286		$	2,965
Add (deduct):
Deferred revenue fair value adjustment	—			—			—			160
Interest income	(6		)	(4		)	(101		)	(13		)
Interest expense	22			—			22			—
Imputed interest expense on contingent consideration	285			392			1,108			392
Fair market value adjustment on contingent consideration	118			—			(342		)	—
Income tax provision	2,173			435			5,812			1,312
Depreciation and amortization	4,253			4,467			13,290			10,666
Non-cash compensation expense	2,676			2,015			8,443			6,462
Restructuring charges and transaction costs	978			1,119			1,664			2,173
Re-audit related expenses	—			118			—			3,005
Severance	—			193			—			425
Litigation related expense	—			—			18			7
Other income	—			—			(1,825		)	—
Pre-tax loss attributable to non-controlling interest	405			—			935			—
Adjusted EBITDA	$	14,672		$	10,041		$	39,310		$	27,554

Net income	$	3,768		$	1,306		$	10,286		$	2,965
Add (deduct):
Deferred revenue fair value adjustment	—			—			—			93
Imputed interest expense on contingent consideration	171			228			665			228
Fair market value adjustment on contingent consideration	71			—			(205		)	—
Non-cash compensation expense	1,606			1,169			5,065			3,748
Restructuring charges and transaction costs	690			648			1,203			1,260
Re-audit related expenses	—			68			—			1,742
Severance	—			112			—			247
Amortization of acquired intangibles	1,373			1,537			4,371			3,366
Litigation related expense	—			—			11			4
Other income	—			—			(1,095		)	—
Net loss attributable to non-controlling interest	224			—			542			—
Adjusted net income	$	7,903		$	5,068		$	20,843		$	13,653

Diluted number of weighted-average shares outstanding	37,006,796			35,871,975			36,832,154			35,260,044

Adjusted net income per share - diluted	$	0.21		$	0.14		$	0.57		$	0.39

Note: Adjustments, excluding non-deductible transaction costs, are tax effected using an income tax rate of 40.0% and 42.0% for 2014 and 2013, respectively. Pre-tax loss attributable to non-controlling interest assumes losses are allocated to Envestnet Retirement Solutions, LLC members pro-rata based on ownership percentage.

Envestnet, Inc.

Historical Assets, Accounts and Advisors

(in millions, except accounts and advisors)

(unaudited)

	As of
	September 30, 2013		December 31, 2013		March 31, 2014		June 30, 2014		September 30, 2014

Platform Assets
Assets Under Management (AUM)	$	41,932	$	45,706	$	49,383	$	53,063	$	54,935
Assets Under Administration (AUA)	118,228		132,215		146,748		156,723		164,639
Subtotal AUM/A	160,160		177,921		196,131		209,786		219,574
Licensing	326,567		358,919		376,341		412,141		448,169
Total Platform Assets	$	486,727	$	536,840	$	572,472	$	621,927	$	667,743

Platform Accounts
AUM	200,648		211,039		226,452		239,367		255,359
AUA	456,461		524,806		566,139		596,886		642,192
Subtotal AUM/A	657,109		735,845		792,591		836,253		897,551
Licensing	1,425,102		1,508,254		1,559,188		1,659,313		1,830,678
Total Platform Accounts	2,082,211		2,244,099		2,351,779		2,495,566		2,728,229

Advisors
AUM/A	21,759		22,838		24,369		24,945		24,887
Licensing	7,511		7,794		8,025		8,583		11,266
Total Advisors	29,270		30,632		32,394		33,528		36,153

Notes:

(1) During the third quarter of 2014, approximately $3.2 billion in assets, 23,000 accounts and 1,100 advisors were reclassified from AUA to Licensing in connection with client conversion activity.

(2) Metrics as of September 30, 2014 exclude Placemark, which added approximately $15.4 billion in AUM, 45,000 accounts and 3,400 advisors as of October 1, 2014.