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

Annual report pursuant to Section 13 and 15(d)

Accrued Expenses

Accrued Expenses

12 Months Ended

Dec. 31, 2014

Accrued Expenses

Accrued Expenses

9. Accrued Expenses

Accrued expenses consist of the following:

	December 31,
	2014		2013
Accrued investment manager fees	$	25,195	$	19,310
Accrued compensation and related taxes		18,344		12,125
Accrued professional services		536		694
Accrued restructuring charges		—		551
Estimated accrued software license fees		800		—
Other accrued expenses		3,372		2,562

	$	48,247	$	35,242

The Company incurred restructuring charges of $474 (see Note 15), net of deferred rent adjustment, in the year ended December 31, 2013, due to lease termination penalties incurred to terminate the Denver and Raleigh leases.

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

Balance at December 31, 2012	$	—
Restructuring provision incurred		474
Lease termination payment accrued		551
Payments		(474	)

Balance at December 31, 2013		551
Payments		(551	)

Balance at December 31, 2014	$	—