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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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Bergman Judson

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	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Chairman, CEO

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	266,000	D

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	⁽¹⁾	⁽¹⁾	Common Stock	27,680	$ ⁽¹⁾	D
Employee Stock Option (right to buy)	⁽²⁾	11/14/2015	Common Stock	170,000	$ 5	D
Employee Stock Option (right to buy)	⁽³⁾	11/14/2015	Common Stock	170,000	$ 7.5	D
Employee Stock Option (right to buy)	⁽⁴⁾	04/26/2017	Common Stock	200,000	$ 7.5	D
Employee Stock Option (right to buy)	⁽⁵⁾	04/30/2018	Common Stock	36,000	$ 7.5	D
Employee Stock Option (right to buy)	⁽⁶⁾	05/15/2019	Common Stock	15,000	$ 7.15	D
Common Stock ⁽⁷⁾	⁽⁷⁾	⁽⁷⁾	Common Stock	333,002	$ 0.0935	D
Series A Convertible Redeemable Preferred Stock ⁽⁸⁾	⁽⁹⁾	⁽⁹⁾	Common Stock	16,342	$ ⁽⁹⁾	D
Series B Convertible Redeemable Preferred Stock ⁽⁸⁾	⁽⁹⁾	⁽⁹⁾	Common Stock	30,961	$ ⁽⁹⁾	D
Series C-1 Convertible Redeemable Preferred Stock ⁽⁸⁾	⁽⁹⁾	⁽⁹⁾	Common Stock	9,767	$ ⁽⁹⁾	D
Series C-2 Convertible Redeemable Preferred Stock ⁽⁸⁾	⁽⁹⁾	⁽⁹⁾	Common Stock	9,767	$ ⁽⁹⁾	D

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Bergman Judson 35 EAST WACKER DRIVE, SUITE 2400 CHICAGO, IL 60601	X		Chairman, CEO

Signatures

/s/ Shelly O'Brien, by power of attorney for Judson Bergman		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)	The Series A Preferred Stock is convertible at any time, at the holder's option. Upon consummation of the issuer's initial public offering, the issuer's Series A Preferred Stock will automatically convert into the number of shares of the issuer's Common Stock indicated in Part II, Item 3
(2)	The option award is fully vested.
(3)	The option award is fully vested.
(4)	The option award is fully vested.
(5)	36,000 options were granted to the Reporting Person on 4/30/2008. Of such 36,000 options, 11,999.8 vested on 4/30/2009, 11,999.8 vested on 4/30/2010 and the remaining 12,000.4 will vest on 4/30/2011.
(6)	15,000 options were granted to the Reporting Person on 5/15/2009. Of such 15,000 options, 5,000 vested on 5/15/2010, 5,000 will vest on 5/15/2011 and the remaining 5,000 will vest on 5/15/2012.
(7)	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 334,006 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.
(8)	Represents preferred stock issued by 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 and each series of ENG's preferred stock will convert into shares of the issuer's Common Stock. The number of shares of the issuer's Common Stock indicated in Part II, Item 3 reflects conversion of the ENG convertible preferred stock beneficially owned by the Reporting Person upon the closing of the issuer's initial public offering.
(9)	The convertible 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 ENG's preferred stock will automatically convert into shares of the issuer's Common Stock.

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