Welcome to our dedicated page for Envestnet news (Ticker: ENV), a resource for investors and traders seeking the latest updates and insights on Envestnet stock.
Envestnet Inc. (NYSE: ENV) maintains this comprehensive news hub for stakeholders tracking developments in wealth management technology. Our curated collection provides timely updates on platform enhancements, strategic partnerships, and financial performance within the advisor technology sector.
Investors and financial professionals will find essential information including quarterly earnings analysis, product launch details, and leadership updates. The repository serves as a strategic resource for understanding Envestnet's position in enabling digital transformation for over 106,000 financial advisors.
Key coverage areas include technology integrations affecting portfolio management systems, regulatory compliance updates for advisor platforms, and market expansion initiatives. All content undergoes rigorous verification to ensure accuracy and relevance for decision-makers.
Bookmark this page for continuous access to verified updates about Envestnet's ecosystem developments. Check regularly for insights into how the company continues to shape the future of financial advisory technology.
Envestnet, a leading provider of intelligent systems for wealth management, reported strong financial results for the first quarter of 2024. Total revenue increased by 9% to $325.0 million, with significant growth in asset-based recurring revenue. Adjusted EBITDA rose by 30% to $70.4 million, and adjusted net income increased by 31% to $39.4 million. The company also saw improvements in free cash flow, income from operations, and net income.
Envestnet has announced the finalists for the 2024 Asset Manager of the Year Awards, recognizing top portfolio managers for their outstanding performance in investment management. The finalists were selected based on various criteria, and the winners will be announced at the Envestnet Elevate 2024 conference.
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