Quarterly report pursuant to Section 13 or 15(d)


3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill Goodwill
Changes in the carrying amount of goodwill by reportable segment were as follows:

  Envestnet Wealth Solutions Envestnet Data & Analytics Total
(in thousands)
Balance as of December 31, 2023 $ 710,326  $ 96,237  $ 806,563 
Goodwill reclassified to assets held for deconsolidation (1)
(26,647) —  (26,647)
Balance as of March 31, 2024 $ 683,679  $ 96,237  $ 779,916 
(1) The reclassification of goodwill to assets held for deconsolidation was considered an event or change in circumstance which required goodwill to be tested for impairment as of March 31, 2024. A qualitative assessment was performed and it was determined that it was not more likely than not that the carrying value of the reporting unit exceeded its fair value and therefore a quantitative goodwill impairment evaluation was not required and no impairment was recorded.