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.
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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.