Goodwill and Intangible Assets, Net (Tables)

9 Months Ended

Sep. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of changes in the carrying amount of goodwill by segment

Changes in the carrying amount of goodwill were as follows:

	Envestnet Wealth Solutions		Envestnet Data & Analytics		Total
	(in thousands)
Balance at December 31, 2020	$	603,350	$	303,423	$	906,773
Harvest Acquisition	17,866		—		17,866
Foreign exchange rates	—		(135)		(135)
Balance at September 30, 2021	$	621,216	$	303,288	$	924,504

Schedule of components of intangible assets, net

Intangible assets, net consisted of the following:

	September 30, 2021						December 31, 2020
	Gross				Net		Gross				Net
	Carrying		Accumulated		Carrying		Carrying		Accumulated		Carrying
	Amount		Amortization		Amount		Amount		Amortization		Amount
	(in thousands)
Customer lists	$	593,820	$	(233,477)	$	360,343	$	591,520	$	(198,555)	$	392,965
Proprietary technologies	85,324		(38,439)		46,885		54,914		(26,949)		27,965
Trade names	33,700		(23,284)		10,416		33,700		(19,589)		14,111
Total intangible assets	$	712,844	$	(295,200)	$	417,644	$	680,134	$	(245,093)	$	435,041

Schedule of amortization expense

Amortization expense was as follows:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2021		2020		2021		2020
	(in thousands)
Amortization expense	$	17,390	$	18,510	$	51,370	$	56,014