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 *
  Thomas Brandon
 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)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Investment Officer
 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 145,800
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)
Date Exercisable Expiration Date Title Amount or Number of Shares
Common Stock (1)   (1)   (1) Common Stock 93,791 $ 0.0935 D  
Employee Stock Option (right to buy)   (2) 11/14/2015 Common Stock 32,500 $ 5 D  
Employee Stock Option (right to buy)   (3) 11/14/2015 Common Stock 32,500 $ 7.5 D  
Employee Stock Option (right to buy)   (4) 04/26/2017 Common Stock 12,000 $ 7.5 D  
Employee Stock Option (right to buy)   (5) 04/30/2018 Common Stock 9,000 $ 7.5 D  
Employee Stock Option (right to buy)   (6) 05/15/2019 Common Stock 6,000 $ 7.15 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Thomas Brandon
35 EAST WACKER DRIVE, SUITE 2400
CHICAGO, IL 60601		       Chief Investment Officer  

Signatures

/s/ Shelly O'Brien, by power of attorney for Brandon Thomas 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) 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 94,074 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.
(2) The option award is fully vested.
(3) The option award is fully vested.
(4) The option award is fully vested.
(5) 9,000 options were granted to the Reporting Person on 4/30/2008. Of such 9,000 options, 3,000 vested on 4/30/2009, 3,000 vested on 4/30/2010 and the remaining 3,000 will vest on 4/30/2011.
(6) 6,000 options were granted to the Reporting Person on 5/15/2009. Of such 6,000 options, 2,000 vested on 5/15/2010, 2,000 will vest on 5/15/2011 and the remaining 2,000 will vest on 5/15/2012.

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