| Goodwill and Intangible Assets, Net |
Goodwill and Intangible Assets, Net
Changes in the carrying amount of goodwill were as follows:
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Envestnet Wealth Solutions |
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Envestnet Data & Analytics |
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Total |
| Balance at December 31, 2019 |
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$ |
583,247 |
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$ |
296,603 |
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$ |
879,850 |
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| Acquisitions |
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20,173 |
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|
7,017 |
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|
27,190 |
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| Foreign currency and other |
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(70) |
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(471) |
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(541) |
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| Balance at June 30, 2020 |
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$ |
603,350 |
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$ |
303,149 |
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$ |
906,499 |
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Intangible assets, net consist of the following:
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June 30, 2020 |
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December 31, 2019 |
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Gross |
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Net |
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Gross |
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Net |
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Carrying |
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Accumulated |
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Carrying |
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Carrying |
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Accumulated |
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Carrying |
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Amount |
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Amortization |
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Amount |
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Amount |
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Amortization |
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Amount |
| Customer lists |
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$ |
591,520 |
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$ |
(173,895) |
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$ |
417,625 |
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$ |
591,520 |
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$ |
(148,517) |
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|
$ |
443,003 |
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| Proprietary technologies |
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90,714 |
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(53,822) |
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|
36,892 |
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|
87,714 |
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(44,165) |
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|
43,549 |
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| Trade names |
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33,700 |
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(17,126) |
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|
16,574 |
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|
33,700 |
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(14,663) |
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|
19,037 |
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| Total intangible assets |
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$ |
715,934 |
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$ |
(244,843) |
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$ |
471,091 |
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$ |
712,934 |
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$ |
(207,345) |
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$ |
505,589 |
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There were no material retirements of intangible assets during the three and six months ended June 30, 2020 and 2019.
Amortization expense was as follows:
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Three Months Ended |
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Six Months Ended |
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June 30, |
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June 30, |
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2020 |
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2019 |
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2020 |
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2019 |
| Amortization expense |
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$ |
18,746 |
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$ |
17,054 |
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$ |
37,504 |
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$ |
29,582 |
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