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	1 Months Ended	12 Months Ended			0 Months Ended			6 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 13, 2011 FundQuest	Feb. 28, 2010 FundQuest item	Dec. 31, 2013 FundQuest	Dec. 31, 2012 FundQuest	Dec. 31, 2011 FundQuest	Apr. 05, 2012 Prima	May 01, 2012 Tamarac	Jul. 02, 2013 WMS	Dec. 31, 2013 WMS	Jul. 02, 2013 WMS Level 3	Jul. 02, 2013 WMS Customer lists	Jul. 02, 2013 WMS Proprietary technology
Business acquisitions
Maturity of agreement with FundQuest Incorporated					7 years
Number of up-front annual payment					5
Contractual term of FundQuest					5 years
Warrant to purchase shares					1,388,888
Exercise price (in dollars per share)					$ 10.80
Estimated fair value of warrant					$ 2,946
Contractual term of amortized value of assets under management or administration					7 years
Customer inducement amortization	(483)	1,389	332			0	0	4,568
Imputed interest expense on contingent consideration	787	3	786			0	0	771				787
Business combination charge arising from customer inducement agreement				1,183
Consideration transferred in acquisition
Cash paid to owners				24,390					13,750	54,000	8,992
Favorable contract change in non-cash consideration				4,897
Other			4,897	1,241
Non-cash consideration										101
Cash acquired				(671)					(1,767)	(2,533)
Receivable from working capital settlement				(2,061)					1,942	(3,141)
Total estimated fair value of consideration				27,796					13,925	48,427
Decrease in goodwill							889
Acquisitions
Contingent consideration	16,017										15,738
Contingent consideration												17,026	15,738
Consideration for acquisition											24,730
Estimated fair values of the assets acquired and liabilities assumed
Accounts receivable				2,603					72	489
Other receivables										681
Prepaid expenses and other current assets				46					36	216
Deferred income taxes - non current									1,328	7,235
Notes receivable									860
Property and equipment				442					103	444
Deposits										379
Intangible assets				11,830					4,940	16,150
Goodwill	74,335	65,644	21,334	19,303					9,283	35,027	8,691
Accounts payable and accrued liabilities				(1,364)					(171)	(2,356)
Deferred income tax liabilities				(4,710)					(1,796)	(5,907)
Deferred revenue				(354)					(730)	(3,931)
Total tangible assets acquired											1,296
Total liabilities assumed											(2,257)
Identifiable intangible assets:														14,000	3,000
Total net assets acquired				27,796					13,925	48,427	24,730
Contingent consideration in cash											23,000
Contingent consideration, undiscounted liability											19,670
Liability discount rate (as a percent)											10.00%
Contingent consideration period											3 years
Contingent consideration, future undiscounted payments
July 31, 2014												6,000
July 31, 2015												6,745
July 31, 2016												6,925
Estimated fair value adjustment on contingent consideration	$ 501											$ 501