# Envestnet PMC

> Envestnet PMC is an SEC-registered investment advisory firm in Berwyn, PA, registered since 2000, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated June 30, 2026.

- CRD: 111694
- Filed as: ENVESTNET PMC
- Legal name: Envestnet Asset Management, Inc.
- Also doing business as: ENVESTNET PMC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Berwyn, PA
- Filing period: October 2026
- Form ADV filing dated: June 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/111694
- AdvisorCensus page: https://advisorcensus.com/firm/envestnet-pmc-berwyn-pa-111694

## Quick answers

**How is Envestnet PMC compensated?**
On its Form ADV (Item 5.E, October 2026), Envestnet PMC reports these compensation arrangements: a percentage of assets under its management; subscription fees (for a newsletter or periodical); fixed fees (other than subscription fees); other. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Envestnet PMC located?**
Envestnet PMC's principal office is in Berwyn, PA, according to its Form ADV; the July 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Envestnet PMC registered with the SEC or a state?**
Envestnet PMC is an SEC-registered investment advisory firm, registered since 2000. Status as filed: Approved. CRD 111694.

**How much does Envestnet PMC manage?**
Envestnet PMC reports $614,933,249,744 in regulatory assets under management in its Form ADV filing dated June 30, 2026 (100% discretionary).

**How have Envestnet PMC's assets and staff changed since 2021?**
In the Form ADV data for Envestnet PMC: Regulatory assets under management: $224,722,632,103 in the October 2021 data and $614,933,249,744 in the October 2026 data, up 174%. Total employees: 458 in October 2021 and 532 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Envestnet PMC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (2,125,667); high net worth individuals (93,557); corporations or other businesses not listed above (15,422).

**Which custodians does Envestnet PMC use?**
Envestnet PMC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists National Financial Services LLC and Pershing LLC as custodians holding 10% or more of its separately managed account assets.

**Does Envestnet PMC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/111694

**What changed in Envestnet PMC's recent Form ADV filings?**
In the July 2026 filing data: No longer lists an office in Berwyn, PA.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Subscription fees (for a newsletter or periodical)
- Fixed fees (other than subscription fees)
- Other

### Custodians (Schedule D, Section 5.K(3))
- National Financial Services LLC
- Pershing LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $614,933,249,744
- Discretionary: $614,933,249,744
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 2,125,667 | $387,574,646,773 |
| High net worth individuals | 93,557 | $191,217,429,425 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 4 | $4,219,169,715 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 5,162 | $7,188,591,300 |
| State or municipal government entities (including government pension plans) | 769 | $104,002,762 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 15,422 | $23,826,616,516 |
| Other | 783 | $802,793,253 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisers (including private fund managers)
- Publication of periodicals or newsletters
- Other

### Firm details
- Registered since: 2000 (26 years)
- Employees: 532 total, 178 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV, WY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the July 2026 filing
- Denver, CO

### Websites listed on Form ADV (Item 1.I)
- envestnet.blog
- envestnet.com
- envestnet.com/active-passive
- envestnet.com/qrg
- vimeo.com/envestnet
- Facebook @Envestnet
- Instagram @envestnet
- LinkedIn @envestnet
- X @ENVSummit
- X @Envestnet_
- YouTube @UCSKSh09e27bKbsxuSeg2jqw

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $224,722,632,103 | 458 | July 15, 2021 |
| October 2022 | $312,605,023,242 | 459 | June 17, 2022 |
| October 2023 | $346,833,814,021 | 479 | September 27, 2023 |
| October 2024 | $426,071,864,566 | 415 | September 3, 2024 |
| October 2025 | $532,197,263,852 | 394 | July 1, 2025 |
| October 2026 | $614,933,249,744 | 532 | June 30, 2026 |

Regulatory assets under management: $224,722,632,103 in the October 2021 data and $614,933,249,744 in the October 2026 data, up 174%.
Total employees: 458 in October 2021 and 532 in October 2026.

## Changes in the filing (last 12 months)

### July 2026
- No longer lists an office in Berwyn, PA.

### April 2026
- No longer lists the business name Envestnet Capital Management.
- Employees performing advisory functions went from 187 to 178.
- Regulatory assets under management went from $532,197,263,852 to $614,933,249,744 (+16%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Envestnet PMC (CRD 111694): Form ADV filing data as of October 2026.