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

Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

Intangible Assets

9 Months Ended

Sep. 30, 2011

Intangible Assets [Abstract]

Intangible Assets

6.	Intangible Assets

Intangible assets consist of the following:


				September 30, 2011												December 31, 2010
		Useful Life		Gross Carrying Amount				Accumulated Amortization				Net Carrying Amount				Gross Carrying Amount				Accumulated Amortization				Net Carrying Amount
NAM customer list		7 years		$	4,305				(4,305	)		$	—			$	4,305				(4,049	)		$	256
Oberon customer list		8 years			3,644				(3,075	)			569				3,644				(2,733	)			911
B-Ready customer list		4 years			209				(88	)			121				209				(46	)			163

Total intangible assets				$	8,158			$	(7,468	)		$	690			$	8,158			$	(6,828	)		$	1,330

Amortization expense for intangible assets was as follows:


		Three Months Ended September 30,								Nine Months Ended September 30,
		2011				2010				2011				2010
Amortization expense		$	127			$	283			$	640			$	834