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

Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

Intangible Assets

3 Months Ended

Mar. 31, 2012

Intangible Assets [Abstract]

Intangible Assets

7.	Intangible Assets

Intangible assets consist of the following:


				March 31, 2012												December 31, 2011
				Gross								Net				Gross								Net
				Carrying				Accumulated				Carrying				Carrying				Accumulated				Carrying
		Useful Life		Amount				Amortization				Amount				Amount				Amortization				Amount
FundQuest customer list		7 years		$	11,830			$	(1,020	)			10,810			$	11,830			$	(167	)		$	11,663
Oberon customer list		8 years			3,644				(3,302	)			342				3,644				(3,189	)			455
B-Ready customer list		4 years			209				(115	)			94				209				(102	)			107

Total intangible assets				$	15,683			$	(4,437	)		$	11,246			$	15,683			$	(3,458	)		$	12,225

Amortization expense for intangible assets was as follows:


		Three Months Ended
		March 31,
		2012				2011
Amortization expense		$	979			$	282

The entire disclosure for all or part of the information related to intangible assets.

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