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

Quarterly report pursuant to Section 13 or 15(d)

Accrued Expenses

Accrued Expenses

9 Months Ended

Sep. 30, 2012

Accrued Expenses [Abstract]

Accrued Expenses

10.

Accrued Expenses

Accrued expenses consist of the following:


	September 30, 2012		December 31, 2011
Accrued investment manager fees	$	11,971	$	8,451
Accrued compensation and related taxes		5,088		4,230
Accrued professional services		380		481
Accrued restructuring charges		2		290
Other accrued expenses		1,451		1,467

Total accrued expenses	$	18,892	$	14,919

As a result of the FundQuest, Prima and Tamarac acquisitions, the Company incurred restructuring charges, primarily severance charges related to the termination of certain FundQuest and Tamarac employees and lease abandonment charges related to Prima in the nine months ended September 30, 2012.

In the three and nine months ended September 30, 2012, the Company recognized pretax restructuring charges of zero and $115, respectively. In the three and nine months ended September 30, 2011, the Company recognized pretax restructuring charges of zero and $53, respectively.

The summary of activity in accrued restructuring charges was as follows:


Balance at December 31, 2011	$	290
Restructuring provision incurred		27
Payments		(298	)

Balance at March 31, 2012		19
Restructuring provision incurred		88
Payments		(73	)

Balance at June 30, 2012	$	34
Restructuring provision incurred		—
Payments		(32	)

Balance at September 30, 2012	$	2