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

Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2024

Schedule of Financial Assets and Liabilities Measured at Fair Value

The following tables set forth the Company's financial assets and liabilities measured at fair value on a recurring basis, based on the three-tier fair value hierarchy, as described in detail within the Company's Annual Report:


	March 31, 2024
	Fair Value		Level I		Level II		Level III

	(in thousands)
Assets:
Money market funds	$	30,347	$	30,347	$	—	$	—

Assets to fund deferred compensation liability	11,373		—		—		11,373
Total assets	$	41,720	$	30,347	$	—	$	11,373
Liabilities:

Deferred compensation liability	$	9,291	$	9,291	$	—	$	—
Total liabilities	$	9,291	$	9,291	$	—	$	—


	December 31, 2023
	Fair Value		Level I		Level II		Level III

	(in thousands)
Assets:
Money market funds	$	51,653	$	51,653	$	—	$	—
Assets to fund deferred compensation liability	10,961		—		—		10,961
Total assets	$	62,614	$	51,653	$	—	$	10,961
Liabilities:

Deferred compensation liability	$	8,045	$	8,045	$	—	$	—
Total liabilities	$	8,045	$	8,045	$	—	$	—

Schedule of Reconciliation of Assets

The table below presents a reconciliation of the assets used to fund the Company's deferred compensation liability, which is measured at fair value on a recurring basis using significant unobservable inputs (Level III):


	Fair Value of Assets Used to Fund Deferred Compensation Liability

	(in thousands)
Balance as of December 31, 2023	$	10,961

Fair value adjustments and fees	412
Balance as of March 31, 2024	$	11,373