Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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3235-0104

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Sisteron Yves

2. Date of Event Requiring Statement (Month/Day/Year)
07/28/2010

3. Issuer Name and Ticker or Trading Symbol
ENVESTNET, INC. [ENV]

(Last)

(First)

(Middle)

35 EAST WACKER DRIVE, SUITE 2400

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	__X__ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

CHICAGO, IL 60601

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	178,048	I	By GRP II Investors, L.P. ⁽¹⁾ ⁽²⁾
Common Stock	86,844	I	By GRP II Partners, L.P. ⁽¹⁾ ⁽²⁾
Common Stock	644,417	I	By GRPVC, L.P. ⁽¹⁾ ⁽²⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Series A Preferred Stock	⁽³⁾	⁽³⁾	Common Stock	254,240	$ ⁽³⁾	I	By GRP II Investors, L.P. ⁽¹⁾ ⁽²⁾
Series A Preferred Stock	⁽³⁾	⁽³⁾	Common Stock	125,120	$ ⁽³⁾	I	By GRP II Partners, L.P. ⁽¹⁾ ⁽²⁾
Series A Preferred Stock	⁽³⁾	⁽³⁾	Common Stock	923,040	$ ⁽³⁾	I	By GRPVC, L.P. ⁽¹⁾ ⁽²⁾
Series B Preferred Stock	⁽³⁾	⁽³⁾	Common Stock	32,890	$ ⁽³⁾	I	By GRP II Investors, L.P. ⁽¹⁾ ⁽²⁾
Series B Preferred Stock	⁽³⁾	⁽³⁾	Common Stock	12,334	$ ⁽³⁾	I	By GRP II Partners, L.P. ⁽¹⁾ ⁽²⁾
Series B Preferred Stock	⁽³⁾	⁽³⁾	Common Stock	94,333	$ ⁽³⁾	I	By GRPVC, L.P. ⁽¹⁾ ⁽²⁾
Series C Preferred Stock	⁽³⁾	⁽³⁾	Common Stock	16,097	$ ⁽³⁾	I	By GRP II Investors, L.P. ⁽¹⁾ ⁽²⁾
Series C Preferred Stock	⁽³⁾	⁽³⁾	Common Stock	4,024	$ ⁽³⁾	I	By GRP II Partners, L.P. ⁽¹⁾ ⁽²⁾
Series C Preferred Stock	⁽³⁾	⁽³⁾	Common Stock	47,070	$ ⁽³⁾	I	By GRPVC, L.P. ⁽¹⁾ ⁽²⁾
Common Stock ⁽⁴⁾	⁽⁴⁾	⁽⁴⁾	Common Stock	20,134	$ ⁽⁴⁾	I	By GRP II Investors, L.P. ⁽¹⁾ ⁽²⁾
Common Stock ⁽⁵⁾	⁽⁵⁾	⁽⁵⁾	Common Stock	5,033	$ ⁽⁵⁾	I	By GRP II Partners, L.P. ⁽¹⁾ ⁽²⁾
Common Stock ⁽⁶⁾	⁽⁶⁾	⁽⁶⁾	Common Stock	71,518	$ ⁽⁶⁾	I	By GRPVC, L.P. ⁽¹⁾ ⁽²⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Sisteron Yves 35 EAST WACKER DRIVE SUITE 2400 CHICAGO, IL 60601	X	X

Signatures

/s/ Shelly O'Brien, by power of attorney for Yves Sisteron		07/28/2010
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	GRPVC, L.P. is the general partner of GRP II Partners, L.P. GRP Management Services Corporation is the general partner of each of GRPVC, L.P. and GRP II Investors, L.P. Mr. Sisteron, together with Steven Dietz and Brian McLoughlin, is an officer of GRP Management Services Corporation. Mr. Sisteron, together with Herv?? Defforey, Steven Dietz, Brian McLoughlin and Mark Suster, is a member of the investment committee of GRP II Partners, L.P. Pursuant to contractual arrangements, GRP II Investors, L.P. has granted GRP Management Services Corporation the authority to vote and dispose of the shares held by it in the same manner as the investment committee votes or disposes of the shares held by GRP II Partners, L.P. (Continued to footnote 2)
(2)	While Mr. Sisteron may be deemed to possess indirect beneficial ownership of the shares owned by GRPVC, L.P., GRP II Partners, L.P. and GRP II Investors, L.P., he does not have sole voting or investment power with respect to such shares and, as a result, disclaims beneficial ownership of any and all such shares except to the extent of his pecuniary interests therein.
(3)	The preferred stock is convertible at any time, at the holder's option, and has no stated expiration date. Upon consummation of the issuer's initial public offering, each series of the issuer's preferred stock will automatically convert into the number of shares of the issuer's Common Stock indicated in Part II, Item 3.
(4)	Represents an interest in the number of shares of the issuer's Common Stock indicated in Part II, Item 3 as a result of the Reporting Person's beneficial ownership of 20,195 shares of common stock of The EnvestNet Group, Inc. ("ENG"), the issuer's 40.9% shareholder. Upon the consummation of the issuer's initial public offering, ENG will merge with and into the issuer. Each share of ENG common stock will automatically convert into 0.0935 shares of the issuer's Common Stock upon the closing of the issuer's initial public offering.
(5)	Represents an interest in the number of shares of the issuer's Common Stock indicated in Part II, Item 3 as a result of the Reporting Person's beneficial ownership of 5,048 shares of common stock of ENG. Upon the consummation of the issuer's initial public offering, ENG will merge with and into the issuer. Each share of ENG common stock will automatically convert into 0.0935 shares of the issuer's Common Stock upon the closing of the issuer's initial public offering.
(6)	Represents an interest in the number of shares of the issuer's Common Stock indicated in Part II, Item 3 as a result of the Reporting Person's beneficial ownership of 71,734 shares of common stock of ENG. Upon the consummation of the issuer's initial public offering, ENG will merge with and into the issuer. Each share of ENG common stock will automatically convert into 0.0935 shares of the issuer's Common Stock upon the closing of the issuer's initial public offering.

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