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Envestnet Portfolio Solutions
ENVESTNET PORTFOLIO SOLUTIONS, INC. is an SEC-registered investment adviser in CHICAGO, IL, since 1993. The firm manages $17.3 billion in assets.
Overview
ENVESTNET PORTFOLIO SOLUTIONS, INC. is an SEC-registered investment adviser in CHICAGO, IL, since 1993. The firm manages $17.3 billion in assets. It has 532 employees and 178 investment advisers.
General information
Firm type
RIA
Year founded
1999
Location
Region
North America
Country
United States
City
Chicago
Corporate office
Chicago, IL, United States
Principals
Bill Crager
CEO (retired 2024)
James Mahan
CEO
Sector focus
Frequently asked questions
Who runs investment decisions at Envestnet Portfolio Solutions?
Investment decisions are decentralized across the firm's model management team within Envestnet PMC, which curates third-party asset manager strategies. The CEO James Mahan oversees strategy but does not direct individual portfolio picks (per Envestnet, 2024).
What investment stages or asset classes does Envestnet Portfolio Solutions cover?
The firm covers all major liquid asset classes — equities, fixed income, ETFs, mutual funds, and alternatives via model portfolios. It does not target specific stages like venture or growth equity; its focus is on scalable, tax-efficient portfolio construction for retail and advisory clients.
How does Envestnet Portfolio Solutions source its model portfolios and strategies?
The firm's PMC team conducts due diligence on over 600 asset managers and curates a select list of strategies. Models are built using proprietary risk analytics and rebalanced regularly. The firm does not originate proprietary deals or source direct investments.
What is Envestnet's relationship to Yodlee?
Envestnet acquired Yodlee, a data aggregation platform, in 2015 for $590 million. Yodlee remains a separate subsidiary that provides account aggregation and financial data services used by Envestnet's platform and external clients (per SEC filings, 2015).
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