# Envestnet Portfolio Solutions

Envestnet Portfolio Solutions is a RIA based in Chicago, United States.

## Overview

- **Organization type:** RIA
- **Headquarters:** Chicago, United States
- **Region:** North America
- **Address:** Chicago, IL, United States
- **Founded:** 1999
- **Assets under management:** Undisclosed
- **Website:** envestnet.com

## Regulatory record

- **CRD number:** 109662
- **SEC file number:** 801-43579
- **Registration status:** Registered
- **Latest Form ADV filing:** 2026-04-13T00:00:00.000Z
- **Reports private funds:** No
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/109662

## About

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.

## Sectors

- FinTech
- Wealth Management
- Financial Services

## People

- Bill Crager — CEO (retired 2024)
- James Mahan — CEO

## 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).

## Related profiles

- [Hansen Wealth Management](https://altss.com/profile/hansen-wealth-management)
- [Alpine Saxon Woods](https://altss.com/profile/alpine-saxon-woods)

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Last updated: 2026-06-03T20:00:00.000Z

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