Exhibit 99.1

Envestnet Reports First Quarter 2014 Financial Results

Chicago, IL — May 8, 2014 — Envestnet (NYSE: ENV), a leading provider of unified wealth management technology and services to financial advisors, today reported financial results for its first quarter ended March 31, 2014.

Financial Results for the First Quarter of 2014 Compared to the First Quarter of 2013:

·                  Adjusted Revenues(1) increased 68% to $78.5 million for the first quarter of 2014 from $46.8 million for the first quarter of 2013.

·                  Revenues from assets under management (AUM) or assets under administration (AUA) increased 85% to $67.1 million for the first quarter of 2014 from $36.3 million for the first quarter of 2013; total revenues, which include licensing and professional services fees, increased 68% to $78.5 million for the first quarter of 2014 from $46.6 million for the first quarter of 2013.

·                  Adjusted EBITDA(1) increased 43% to $11.8 million for the first quarter of 2014 compared to $8.2 million for the first quarter of 2013.

·                  Adjusted Net Income(1) was $6.3 million, or $0.17 per diluted share, for the first quarter of 2014 compared to $4.1 million, or $0.12 per diluted share, for the first quarter of 2013.

·                  Net income attributable to Envestnet, Inc. was $3.0 million, or $0.08 per diluted share, for the first quarter of 2014 compared to $0.5 million, or $0.02 per diluted share, for the first quarter of 2013.

“Envestnet enables the transformation of wealth management. We believe our leadership in wealth management technology and services is improving how wealth management is rendered, and empowering advisors to deliver better outcomes for their clients,” said Jud Bergman, Chairman and CEO.

“Our first quarter results reflect growing adoption from advisors, and the effects of WMS, as we grew revenue and adjusted EBITDA by 68 percent and 43 percent, respectively, compared to last year. We believe Envestnet remains well positioned to deliver meaningful growth in 2014 and beyond,” concluded Mr. Bergman.

Key Operating Metrics (AUM/A Only) as of and for the Quarter Ended March 31, 2014:

·                  Assets: $196.1 billion, up 79% from March 31, 2013

·                  Accounts: 792,591, up 65% from March 31, 2013

·                  Advisors: 24,369, up 48% from March 31, 2013

·                  Gross sales: $26.0 billion, resulting in net flows of $16.0 billion

The following table summarizes the changes in AUM and AUA for the quarter ended March 31, 2014:

During the first quarter, the Company added $8.4 billion of conversions included in the above AUM/A gross sales figures, and an additional $5.1 billion of conversions in Licensing.

Review of First Quarter 2014 Financial Results

Adjusted revenues increased 68% to $78.5 million for the first quarter of 2014 from $46.8 million for the first quarter of 2013. The increase was primarily due to an 85% increase in revenues from AUM or AUA to $67.1 million from $36.3 million in the prior year period. Revenue from Prudential’s Wealth Management Solutions (“WMS”) business, acquired by the Company in July 2013, is included for the entire first quarter of 2014.

Total operating expenses in the first quarter of 2014 increased 62% to $74.5 million from $46.0 million in the prior year period. Cost of revenues increased 105% to $34.4 million in the first quarter of 2014 from $16.8 million in the first quarter of 2013 due to the increase in revenue from AUM or AUA and additional cost attributable to WMS revenues, which have a higher cost profile than the Company’s non-WMS business. Compensation and benefits increased 36% to $23.5 million in the first quarter of 2014 from $17.2 million in the prior year period due to higher personnel cost from WMS, as well as higher non-cash compensation expense. General and administration expenses increased 37% to $12.2 million in the first quarter of 2014 from $8.9 million in the prior year period, primarily due to WMS.

Income from operations was $4.1 million for the first quarter of 2014 compared to $0.6 million for the first quarter of 2013. Net income attributable to Envestnet, Inc. was $3.0 million, or $0.08 per diluted share, for the first quarter of 2014 compared to $0.6 million, or $0.02 per diluted share, for the first quarter of 2013. Adjusted EBITDA(1) in the first quarter of 2014 was $11.8 million, compared to $8.2 million in the prior year period. Adjusted Net Income(1) was $6.3 million, compared to $4.1 million in the first quarter of 2013. Adjusted Net Income Per Share(1) was $0.17, compared to $0.12 in the first quarter of 2013.

At March 31, 2014, the Company had $52.6 million in cash and cash equivalents with no debt.

Conference Call

The Company will host a conference call to discuss first quarter 2014 financial results today at 5:00 p.m. ET. The live webcast can be accessed from the Company’s investor relations website at http://ir.envestnet.com/. The conference call can also be accessed live over the phone by dialing (877) 741-4253, or (719) 325-4790 for international callers. A replay will be available beginning one hour after the call and can be accessed from the Company’s investor relations website, or by dialing (877) 870-5176 or (858) 384-5517 for international callers; the conference ID is 7095239. The dial-in replay will be available for one week and the webcast replay will be available for one month following the date of the conference call.

About Envestnet

Envestnet, Inc. (NYSE:ENV) is a leading provider of unified wealth management technology and services to investment advisors. Its open-architecture platforms unify and fortify the wealth management process, delivering unparalleled flexibility, accuracy, performance and value. Envestnet solutions enable the transformation of wealth management into a transparent, independent, objective and fully-aligned standard of care, and empower advisors to deliver better results.

Envestnet’s Advisor Suite® software empowers financial advisors to better manage client outcomes and strengthen their practice. Envestnet provides institutional-quality research and advanced portfolio solutions through its Portfolio Management Consultants group, Envestnet | PMC®. Envestnet | TamaracTM provides leading rebalancing, reporting and practice management software. For more information on Envestnet, please visit www.envestnet.com.

2

(1) Non-GAAP Financial Measures

“Adjusted revenues” exclude the effect of purchase accounting on the fair value of acquired deferred revenue.  Under GAAP, we record at fair value the acquired deferred revenue for contracts in effect at the time the entities were acquired.  Consequently, revenue related to acquired entities for periods subsequent to the acquisition does not reflect the full amount of revenue that would have been recorded by these entities had they remained stand-alone entities.

“Adjusted EBITDA” represents net income before deferred revenue fair value adjustment, interest income, imputed interest on contingent consideration, income tax provision, depreciation and amortization, non-cash compensation expense, restructuring charges and transaction costs, re-audit related expenses, severance, litigation related expense and pre-tax loss attributable to non-controlling interest.

“Adjusted net income” represents net income before deferred revenue fair value adjustment, imputed interest on contingent consideration, non-cash compensation expense, restructuring charges and transaction costs, re-audit related expenses, severance, amortization of acquired intangibles, litigation related expense and net loss attributable to non-controlling interest. Reconciling items are tax effected using the income tax rates noted in the reconciliation table found in this release.

“Adjusted net income per share” represents adjusted net income divided by the diluted number of weighted-average shares outstanding.

See reconciliation of Non-GAAP Financial Measures at the end of this press release. These measures should not be viewed as a substitute for revenues, net income or net income per share determined in accordance with United States generally accepted accounting principles (GAAP).

Cautionary Statement Regarding Forward-Looking Statements

The forward-looking statements made in this press release and its attachments concerning, among other things, Envestnet, Inc.’s (the “Company”) expected financial performance and outlook, its strategic operational plans and growth strategy are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties and the Company’s actual results could differ materially from the results expressed or implied by such forward-looking statements.  Furthermore, reported results should not be considered as an indication of future performance. The potential risks, uncertainties and other factors that could cause actual results to differ from those expressed by the forward-looking statements in this press release include, but are not limited to, difficulty in sustaining rapid revenue growth, which may place significant demands on the Company’s administrative, operational and financial resources, fluctuations in the Company’s revenue, the concentration of nearly all of the Company’s revenues from the delivery of investment solutions and services to clients in the financial advisory industry, the Company’s reliance on a limited number of clients for a material portion of its revenue, the renegotiation of fee percentages or termination of the Company’s services by its clients, the Company’s ability to identify potential acquisition candidates, complete acquisitions and successfully integrate acquired companies, the impact of market and economic conditions on the Company’s revenues, compliance failures, regulatory actions against the Company, the failure to protect the Company’s intellectual property rights, the Company’s inability to successfully execute the conversion of its clients’ assets from their technology platform to the Company’s technology platform in a timely and accurate manner, general economic conditions, changes to the Company’s previously reported financial information as a result of audit, political and regulatory conditions, as well as management’s response to these factors. More information regarding these and other risks, uncertainties and factors is contained in the Company’s filings with the Securities and Exchange Commission (“SEC”) which are available on the SEC’s website at www.sec.gov or the Company’s Investor Relations website at http://ir.envestnet.com/. You are cautioned not to unduly rely on these forward-looking statements, which speak only as of the date of this press release. All information in this press release and its attachments is as of May 8, 2014 and, unless required by law, the Company undertakes no obligation to publicly revise any forward-looking statement to reflect circumstances or events after the date of this press release or to report the occurrence of unanticipated events.

3

Envestnet, Inc.

Condensed Consolidated Balance Sheets

(in thousands)

(unaudited)

4

Envestnet, Inc.

Condensed Consolidated Statements of Operations

(in thousands, except share and per share information)

(unaudited)

5

Envestnet, Inc.

Condensed Consolidated Statements of Cash Flows

(in thousands)

(unaudited)

6

Envestnet, Inc.

Reconciliation of Non-GAAP Financial Measures

(in thousands, except share and per share information)

(unaudited)

7

Envestnet, Inc.

Historical Assets, Accounts and Advisors

(in millions, except account and advisor data)

(Unaudited)

8