Envestnet, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Business Acquisitions (Details)

Business Acquisitions (Details) (USD $) In Thousands, except Share data, unless otherwise specified	12 Months Ended			0 Months Ended	9 Months Ended	0 Months Ended	8 Months Ended	0 Months Ended			6 Months Ended		0 Months Ended		3 Months Ended	0 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Apr. 05, 2012	Dec. 31, 2012	May 01, 2012	Dec. 31, 2012	Jul. 01, 2014	Jul. 02, 2013	Jul. 02, 2013	Dec. 31, 2013	Dec. 31, 2014	Jul. 09, 2014	Oct. 01, 2014	Dec. 31, 2014	Feb. 24, 2015	Feb. 01, 2014	Aug. 12, 2014
Estimated fair values of the assets acquired and liabilities assumed
Goodwill	$ 104,976us-gaap_Goodwill	$ 74,335us-gaap_Goodwill	$ 65,644us-gaap_Goodwill		$ 65,644us-gaap_Goodwill		$ 65,644us-gaap_Goodwill				$ 74,335us-gaap_Goodwill	$ 104,976us-gaap_Goodwill			$ 104,976us-gaap_Goodwill
Contingent consideration issued in a business acquisition	2,800	16,017									16,017	2,800			2,800
Acquired intangible asset amortization	10,642us-gaap_AmortizationOfIntangibleAssets	8,452us-gaap_AmortizationOfIntangibleAssets	6,165us-gaap_AmortizationOfIntangibleAssets
Accretion on contingent consideration	1,472us-gaap_AccretionExpense	787us-gaap_AccretionExpense	3us-gaap_AccretionExpense
Estimated fair value adjustment on contingent consideration	(1,432)	501
Unvested common stock grant (in shares)	751,041											751,041			751,041
Acquisition related costs	2,430	946	2,317
Envestnet Retirement Solutions, LLC
Consideration transferred in acquisition
Ownership interest (as a percent)	57.00%											57.00%			57.00%		64.50%
Prima
Consideration transferred in acquisition
Cash paid to owners				13,750
Cash acquired				(1,767)
Receivable from working capital settlement				1,942
Total estimated fair value of consideration				13,925
Estimated fair values of the assets acquired and liabilities assumed
Total tangible assets acquired				2,399
Total liabilities assumed				(2,697)
Identifiable intangible assets				4,940
Goodwill				9,283
Total net assets acquired				13,925
Revenue					3,626
Pre-tax income (loss)					(791)
Acquired intangible asset amortization					1,005
Summary of intangible assets acquired, estimated useful lives and amortization method
Intangible assets acquired, Amount				4,940
Prima \| Customer lists
Summary of intangible assets acquired, estimated useful lives and amortization method
Intangible assets acquired, Amount				3,740
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life				10 years
Prima \| Proprietary technology
Summary of intangible assets acquired, estimated useful lives and amortization method
Intangible assets acquired, Amount				700
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life				5 years
Prima \| Trade names
Summary of intangible assets acquired, estimated useful lives and amortization method
Intangible assets acquired, Amount				500
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life				5 years
Tamarac
Consideration transferred in acquisition
Cash paid to owners						54,000
Non-cash consideration						101
Cash acquired						(2,533)
Receivable from working capital settlement						(3,141)
Total estimated fair value of consideration						48,427
Estimated fair values of the assets acquired and liabilities assumed
Total tangible assets acquired						9,444
Total liabilities assumed						(12,194)
Identifiable intangible assets						16,150
Goodwill						35,027
Total net assets acquired						48,427
Revenue							9,971
Pre-tax income (loss)							(1,236)
Acquired intangible asset amortization							1,304
Aggregate proceeds of the Tamarac change of control payment						2,759
Purchase registered shares of Envestnet common stock						232,150
Percentage of the closing market price of Envestnet common stock on the day before the merger closed						95.00%
Service period for unvested common stock	2 years
Stock options to acquire Envestnet common stock	232,150
Stock options to acquire Envestnet common stock at an exercise price (in dollars per share)	$ 12.51
Summary of intangible assets acquired, estimated useful lives and amortization method
Intangible assets acquired, Amount						16,150
Tamarac \| Customer lists
Summary of intangible assets acquired, estimated useful lives and amortization method
Intangible assets acquired, Amount						8,680
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life						12 years
Tamarac \| Proprietary technology
Summary of intangible assets acquired, estimated useful lives and amortization method
Intangible assets acquired, Amount						5,880
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life						8 years
Tamarac \| Trade names
Summary of intangible assets acquired, estimated useful lives and amortization method
Intangible assets acquired, Amount						1,590
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life						5 years
Tamarac \| Minimum
Estimated fair values of the assets acquired and liabilities assumed
Percentage of the aggregate proceeds of change of control payment required to be applied by senior management						50.00%
Tamarac \| Maximum
Estimated fair values of the assets acquired and liabilities assumed
Percentage of the aggregate proceeds of change of control payment required to be applied by senior management						100.00%
Unvested common stock grant (in shares)	559,551											559,551			559,551
WMS
Consideration transferred in acquisition
Cash paid to owners										8,992
Contingent consideration										15,738
Total estimated fair value of consideration										24,730
Estimated fair values of the assets acquired and liabilities assumed
Total tangible assets acquired									1,296	1,296
Total liabilities assumed									(2,257)	(2,257)
Identifiable intangible assets									17,000	17,000
Goodwill									8,691	8,691
Total net assets acquired									24,730	24,730
Contingent consideration in cash									6,000	6,000
Contingent consideration period									3 years
WMS's contingent consideration annualized net revenue target									28,000	28,000
Contingent consideration issued in a business acquisition	11,667											11,667			11,667
Contingent consideration, undiscounted liability									12,750	12,750
Liability discount rate (as a percent)										10.00%
Revenue											33,517
Pre-tax income (loss)											(1,056)
Acquired intangible asset amortization											2,164
Accretion on contingent consideration											787
Estimated fair value adjustment on contingent consideration	(1,231)										501
Contingent consideration, future undiscounted payments
Frist payment																		6,000
Second payment	7,102											7,102			7,102
Third payment	5,648											5,648			5,648
Summary of intangible assets acquired, estimated useful lives and amortization method
Intangible assets acquired, Amount								17,000
WMS \| Customer lists
Summary of intangible assets acquired, estimated useful lives and amortization method
Intangible assets acquired, Amount								14,000
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life								12 years
WMS \| Proprietary technology
Summary of intangible assets acquired, estimated useful lives and amortization method
Intangible assets acquired, Amount								3,000
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life								1 year 6 months
WMS \| Maximum
Estimated fair values of the assets acquired and liabilities assumed
Contingent consideration in cash									23,000	23,000
WMS \| Level 3
Estimated fair values of the assets acquired and liabilities assumed
Contingent consideration issued in a business acquisition									15,738	15,738
Klein Decisions, Inc.
Estimated fair values of the assets acquired and liabilities assumed
Revenue												468
Pre-tax income (loss)												(926)
Acquired intangible asset amortization												286
Accretion on contingent consideration												75
Estimated fair value adjustment on contingent consideration												675
Summary of intangible assets acquired, estimated useful lives and amortization method
Intangible assets acquired, Amount	2,900
Klein Decisions, Inc. \| Customer lists
Summary of intangible assets acquired, estimated useful lives and amortization method
Intangible assets acquired, Amount	2,200
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	10 years
Klein Decisions, Inc. \| Proprietary technology
Summary of intangible assets acquired, estimated useful lives and amortization method
Intangible assets acquired, Amount	700
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	3 years
Klein Decisions, Inc. \| Envestnet Retirement Solutions, LLC
Consideration transferred in acquisition
Period of payments								3 years
Subscription ownership percent acquired (as a percent)													11.70%
Subscription ownership percent acquired repurchase price													1,500
Cash paid to owners								1,288
Promissory note								1,500
Contingent consideration								2,800
Total estimated fair value of consideration								5,588
Estimated fair values of the assets acquired and liabilities assumed
Total tangible assets acquired								53
Total liabilities assumed								(396)
Identifiable intangible assets								2,900
Goodwill								3,031
Total net assets acquired								5,588
Contingent consideration period								3 years
Liability discount rate (as a percent)								9.00%
Contingent consideration, future undiscounted payments
Frist payment	332											332			332
Second payment	906											906			906
Third payment	2,282											2,282			2,282
Klein Decisions, Inc. \| Envestnet Retirement Solutions, LLC \| Minimum
Consideration transferred in acquisition
Period to repurchase issued units in the subscription agreement													18 months
Estimated fair values of the assets acquired and liabilities assumed
Consideration for acquisition								1,175
Klein Decisions, Inc. \| Envestnet Retirement Solutions, LLC \| Maximum
Consideration transferred in acquisition
Period to repurchase issued units in the subscription agreement													36 months
Klein Decisions, Inc. \| Level 3 \| Envestnet Retirement Solutions, LLC
Estimated fair values of the assets acquired and liabilities assumed
Contingent consideration, undiscounted liability								3,520
Placemark Holdings Inc
Consideration transferred in acquisition
Cash paid to owners														66,000
Cash acquired														(8,419)
Receivable from working capital settlement														(701)
Total estimated fair value of consideration														58,282
Estimated fair values of the assets acquired and liabilities assumed
Total tangible assets acquired														4,323
Total liabilities assumed														(3,118)
Identifiable intangible assets														30,000
Goodwill														27,077
Total net assets acquired														58,282
Revenue															6,157
Pre-tax income (loss)															209
Acquired intangible asset amortization															1,254
Summary of intangible assets acquired, estimated useful lives and amortization method
Intangible assets acquired, Amount														30,000
Placemark Holdings Inc \| Customer lists
Summary of intangible assets acquired, estimated useful lives and amortization method
Intangible assets acquired, Amount														24,000
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life														11 years
Placemark Holdings Inc \| Proprietary technology
Summary of intangible assets acquired, estimated useful lives and amortization method
Intangible assets acquired, Amount														5,000
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life														5 years
Placemark Holdings Inc \| Trade names
Summary of intangible assets acquired, estimated useful lives and amortization method
Intangible assets acquired, Amount														1,000
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life														5 years
Upside Holdings Inc \| Subsequent Event
Consideration transferred in acquisition
Cash paid to owners																$ 3,040