Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets, Net (Tables)

v3.20.2
Goodwill and Intangible Assets, Net (Tables)
 6 Months Ended
Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of changes in the carrying amount of goodwill by segment
Changes in the carrying amount of goodwill were as follows:
  Envestnet Wealth Solutions Envestnet Data & Analytics Total
Balance at December 31, 2019 $ 583,247    $ 296,603    $ 879,850   
Acquisitions 20,173    7,017    27,190   
Foreign currency and other (70)   (471)   (541)  
Balance at June 30, 2020 $ 603,350    $ 303,149    $ 906,499   
Schedule of components of intangible assets, net
Intangible assets, net consist of the following:
  June 30, 2020 December 31, 2019
  Gross   Net Gross   Net
  Carrying Accumulated Carrying Carrying Accumulated Carrying
  Amount Amortization Amount Amount Amortization Amount
Customer lists $ 591,520    $ (173,895)   $ 417,625    $ 591,520    $ (148,517)   $ 443,003   
Proprietary technologies 90,714    (53,822)   36,892    87,714    (44,165)   43,549   
Trade names 33,700    (17,126)   16,574    33,700    (14,663)   19,037   
Total intangible assets $ 715,934    $ (244,843)   $ 471,091    $ 712,934    $ (207,345)   $ 505,589   
Schedule of amortization expense
Amortization expense was as follows:
  Three Months Ended Six Months Ended
  June 30, June 30,
  2020 2019 2020 2019
Amortization expense $ 18,746    $ 17,054    $ 37,504    $ 29,582