Envestnet, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

Intangible Assets

3 Months Ended

Mar. 31, 2014

Intangible Assets

Intangible Assets

6. Intangible Assets

Intangible assets consist of the following:

				March 31, 2014									December 31, 2013
				Gross						Net			Gross						Net
				Carrying			Accumulated			Carrying			Carrying			Accumulated			Carrying
		Useful Life		Amount			Amortization			Amount			Amount			Amortization			Amount

Customer lists		4 - 12 years		$	42,103		$	(16,117	)	$	25,986		$	42,103		$	(14,593	)	$	27,510
Proprietary technologies		1.5 - 8 years		9,580			(3,595		)	5,985			9,580			(2,792		)	6,788
Trade names		5 years		2,090			(807		)	1,283			2,090			(690		)	1,400
Total intangible assets				$	53,773		$	(20,519	)	$	33,254		$	53,773		$	(18,075	)	$	35,698

Amortization expense was as follows:

		Three Months Ended
		March 31,
		2014			2013

Amortization expense		$	2,444		$	1,584