Goodwill and Intangible Assets, Net

9 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets, Net

Goodwill and Intangible Assets, Net

Changes in the carrying amount of goodwill were as follows:

	Envestnet Wealth Solutions		Envestnet Data & Analytics		Total
Balance at December 31, 2019	$	583,247	$	296,603	$	879,850
Acquisitions	20,173		7,017		27,190
Foreign currency and other	(70)		(273)		(343)
Balance at September 30, 2020	$	603,350	$	303,347	$	906,697

Intangible assets, net consist of the following:

	September 30, 2020						December 31, 2019
	Gross				Net		Gross				Net
	Carrying		Accumulated		Carrying		Carrying		Accumulated		Carrying
	Amount		Amortization		Amount		Amount		Amortization		Amount
Customer lists	$	591,520	$	(186,296)	$	405,224	$	591,520	$	(148,517)	$	443,003
Proprietary technologies	89,914		(57,897)		32,017		87,714		(44,165)		43,549
Trade names	33,700		(18,358)		15,342		33,700		(14,663)		19,037
Total intangible assets	$	715,134	$	(262,551)	$	452,583	$	712,934	$	(207,345)	$	505,589

There were no material retirements of intangible assets during the three and nine months ended September 30, 2020 and 2019.

Amortization expense was as follows:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
Amortization expense	$	18,510	$	19,242	$	56,014	$	48,824