Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets, Net (Tables)

v3.20.2
Goodwill and Intangible Assets, Net (Tables)
 9 Months Ended
Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of changes in the carrying amount of goodwill by segment
Changes in the carrying amount of goodwill were as follows:
  Envestnet
Wealth Solutions		 Envestnet
Data & Analytics		 Total
Balance at December 31, 2019 $ 583,247  $ 296,603  $ 879,850 
Acquisitions 20,173  7,017  27,190 
Foreign currency and other (70) (273) (343)
Balance at September 30, 2020 $ 603,350  $ 303,347  $ 906,697 
Schedule of components of intangible assets, net
Intangible assets, net consist of the following:
  September 30, 2020 December 31, 2019
  Gross   Net Gross   Net
  Carrying Accumulated Carrying Carrying Accumulated Carrying
  Amount Amortization Amount Amount Amortization Amount
Customer lists $ 591,520  $ (186,296) $ 405,224  $ 591,520  $ (148,517) $ 443,003 
Proprietary technologies 89,914  (57,897) 32,017  87,714  (44,165) 43,549 
Trade names 33,700  (18,358) 15,342  33,700  (14,663) 19,037 
Total intangible assets $ 715,134  $ (262,551) $ 452,583  $ 712,934  $ (207,345) $ 505,589 
Schedule of amortization expense
Amortization expense was as follows:
  Three Months Ended Nine Months Ended
  September 30, September 30,
  2020 2019 2020 2019
Amortization expense $ 18,510  $ 19,242  $ 56,014  $ 48,824