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

Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2012

Goodwill and Intangible Assets [Abstract]

Changes in the carrying amount of the Company's goodwill


Balance at December 31, 2011		$	22,223
FundQuest adjustment (note 3)			(889	)
Prima acquisition (note 3)			9,555
Tamarac acquisition (note 3)			35,263

Balance at September 30, 2012		$	66,152

Components of intangible assets


		Useful Life		September 30, 2012												December 31, 2011
		Useful Life		Gross Carrying Amount				Accumulated Amortization				Net Carrying Amount				Gross Carrying Amount				Accumulated Amortization				Net Carrying Amount
Customer list		4 - 8 years		$	28,103			$	(7,288	)			20,815			$	15,683			$	(3,458	)		$	12,225
Proprietary technology		5 - 8 years			6,580				(418	)			6,162				—				—				—
Trade names		5 years			2,090				(157	)			1,933				—				—				—

Total intangible assets				$	36,773			$	(7,863	)		$	28,910			$	15,683			$	(3,458	)		$	12,225

Amortization expense for intangible assets


		Three Months Ended September 30,								Nine Months Ended September 30,
		2012				2011				2012				2011
Amortization expense		$	1,802			$	127			$	4,405			$	640

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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