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

Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets (Tables)

Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2012

Goodwill and Intangible Assets [Abstract]

Changes in the carrying amount of the Company's goodwill


Balance at December 31, 2010		$	2,031
FundQuest acquisition			19,303

Balance at December 31, 2011			21,334
Prima acquisition			9,283
Tamarac acquisition			35,027

Balance at December 31, 2012		$	65,644

Components of intangible assets


				December 31, 2012												December 31, 2011
		Useful Life		Gross Carrying Amount				Accumulated Amortization				Net Carrying Amount				Gross Carrying Amount				Accumulated Amortization				Net Carrying Amount
Customer lists		4 - 12 years		$	28,103			$	(8,720)			$	19,383			$	15,683			$	(3,458)			$	12,225
Proprietary technologies		5 - 8 years			6,580				(657)				5,923				-				-				-
Trade names		5 years			2,090				(246)				1,844				-				-				-

Total intangible assets				$	36,773			$	(9,623)			$	27,150			$	15,683			$	(3,458)			$	12,225

Amortization expense for intangible assets


		Year ended December 31,
		2012				2011				2010
Amortization expense		$	6,165			$	935			$	1,117

Future amortization expense of the intangible assets


Years ending December 31:
2013		$	6,222
2014			5,399
2015			4,582
2016			3,787
2017			2,687
Thereafter			4,473

		$	27,150

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

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