ENVESTNET,INC. (NYSE:ENV) Files An 8-K Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition
On February22, 2017, Envestnet, Inc. (the Company) issued a press
release announcing that it will report its results for the fourth
quarter and year ended December31, 2016, upon the completion of
the audit of its financial statements.
The Company is currently working to finalize certain accounting
matters, primarily related to certain state and local non-income
tax obligations. In addition, the Company may conclude that
certain control deficiencies exist in internal controls over
financial reporting and may represent a material weakness over
financial reporting as of December 31, 2016. The resolution of
these matters may impact the timing of the filing of the Companys
Form10-K for the year ended December31, 2016.
The Company is working diligently to complete its financial
statements and anticipates releasing its fourth quarter results
and holding a conference call to discuss its fourth quarter 2016
results and 2017 outlook as soon as practicable.
The press release also contained updated financial outlook for
the fourth quarter ended December31, 2016.
A copy of the Companys press release referred to above is
attached to this report as Exhibit99.1 and is incorporated herein
by reference.
Item9.01. Financial Statements and
Exhibits.
(d) Exhibits.
|
ExhibitNo. |
Description |
|
|
99.1 |
Press release, dated February22, 2017 |
About ENVESTNET, INC. (NYSE:ENV)
Envestnet, Inc. is a provider of financial and wealth management technology and services to financial advisors, investors and financial service providers. The Company’s segments are Envestnet and Envestnet/Yodlee. Its Envestnet segment provides unified wealth management software and services empowering financial advisors and institutions. Its Envestnet/Yodlee segment is a data aggregation and data analytics platform. Its services and related technology are provided through Envestnet’s wealth management software, Envestnet/PMC, Envestnet/Tamarac, Vantage Reporting Solution, Envestnet/WMS, Envestnet/Placemark, Envestnet/Retirement Solutions, Envestnet/Yodlee and Envestnet/Finance Logix. It operates approximately five Registered Investment Advisors (RIAs) and a registered broker-dealer. Its centrally-hosted technology platform services include risk assessment and selection of investment strategies and solutions, asset allocation models, and research and due diligence. ENVESTNET, INC. (NYSE:ENV) Recent Trading Information
ENVESTNET, INC. (NYSE:ENV) closed its last trading session up +0.55 at 38.55 with 275,818 shares trading hands.