Envestnet Asset Management, Inc.

Shareholders of Envestnet Asset Management, Inc.

Ownership of Envestnet Asset Management, Inc. is disclosed by the company itself to a primary regulator. Schedule A to its Form ADV Part 1A, filed with the U.S. Securities and Exchange Commission on 30 June 2026, lists direct owners and executive officers, and it reports one corporate shareholder: Envestnet, Inc., shown as a domestic entity with the status “shareholder”, a date of status acquisition of May 2000, and ownership code E. The form’s own key defines code E as 75% or more, so the filing establishes a holding of at least 75% and does not establish 100%. Schedule A marks Envestnet, Inc. as a control person and as not being a public reporting company. The only other entry on Schedule A is an executive officer carrying ownership code NA, which the form defines as less than 5%; that appointment is covered in the officers section. Envestnet, Inc.’s Exhibit 21.1 filings name Envestnet Asset Management, Inc. as a subsidiary and give its jurisdiction as Delaware, but state no ownership percentage for any entity.

The structured shareholder data attached to this record describes a different company and a security that no longer exists. It holds 20 rows, reported by the provider as a complete capture of 20 results across one page, and every row is an institutional or index-fund position in the common stock of Envestnet, Inc. — the former New York Stock Exchange issuer under the ticker ENV, par value USD 0.005 — rather than a holding in Envestnet Asset Management, Inc. That class was cancelled on 25 November 2024 on completion of the merger, and Envestnet, Inc. certified to the SEC on 5 December 2024 that it then had approximately one holder of record. The stored percentages are self-referential rather than real: the 20 quantities sum to exactly 42,399,354, which is also the denominator each row’s percentage implies to the unit, and the percentages total exactly 100.000%. Each figure is therefore that row’s share of the 20 sampled rows, not of the issuer’s share capital. Envestnet, Inc.’s last quarterly report put 55,345,924 shares outstanding at 1 November 2024, so every stored percentage is overstated by a factor of 1.305. None of the 20 rows is reproduced as a table in this page’s rendered content, which was checked directly on 6 October 2026; the Shareholders heading nevertheless displays a row count of 5 against the 20 rows stored.

Ultimate beneficial ownership

Schedule B to the same Form ADV discloses the indirect owners standing above Envestnet, Inc. Every entry is dated November 2024 and every percentage is a band rather than a figure. Reading up the chain: Bain Capital Fund XIII, L.P. is reported as owner of BCPE Pequod Investor, LP at code C, which the form defines as 25% but less than 50%; BCPE Pequod Investor, LP as owner of BCPE Pequod Topco, LP at code D, 50% but less than 75%; BCPE Pequod Topco, LP as owner of BCPE Pequod Parent, Inc. at code E, 75% or more; BCPE Pequod Parent, Inc. as owner of BCPE Pequod Intermediate, LLC at code E; BCPE Pequod Intermediate, LLC as owner of BCPE Pequod Buyer, Inc. at code E; and BCPE Pequod Buyer, Inc. as owner of Envestnet, Inc. at code E. All six are reported as domestic entities, and all but Bain Capital Fund XIII, L.P. as control persons. Because every link is banded, no effective percentage can be multiplied through the chain and none is published here.

No natural person is disclosed with a holding at or above Schedule A’s 5% threshold or Schedule B’s 25% threshold, so the filing identifies no individual ultimate beneficial owner. Envestnet, Inc.’s Form 8-K of 25 November 2024 describes the acquiring entities as affiliates of vehicles managed or advised by Bain Capital Private Equity, LP, and states that the funds used were provided by equity contributions from certain investment vehicles managed or advised by Bain and certain co-investors together with third-party debt financing. That is a statement of affiliation and of funding, not a statement that Bain Capital Private Equity, LP owns the company, and no percentage attaches to it. The chain above Bain Capital Fund XIII, L.P. is not disclosed.

Data availability

Partial. For this entity the Pennsylvania register publishes no shareholder, member, holding or percentage field of any kind, so it can neither confirm nor contradict a holding; the Form ADV schedules are the disclosure instrument, and they give banded percentages at every level rather than exact figures. Under the Financial Crimes Enforcement Network’s final rule of 11 August 2026, which became effective on 14 August 2026, companies created in the United States are exempt from beneficial-ownership information reporting, so there is no US beneficial-ownership filing for this entity against which the above could be checked.

Sources

• Form ADV Part 1A, Schedule A (Direct Owners and Executive Officers) and Schedule B (Indirect Owners), Envestnet Asset Management, Inc., CRD 111694, SEC file 801-57260, other-than-annual amendment filed 30 June 2026. https://reports.adviserinfo.sec.gov/reports/ADV/111694/PDF/111694.pdf (retrieved 2026-10-06)
• Envestnet, Inc., Current Report on Form 8-K reporting completion of the merger, filed 25 November 2024. https://www.sec.gov/Archives/edgar/data/1337619/000121390024101828/ea0222178-8k_envestnet.htm (retrieved 2026-10-06)
• Envestnet, Inc., Form 15-12G certification and notice of termination of registration, filed 5 December 2024, stating approximately one holder of record. https://www.sec.gov/Archives/edgar/data/1337619/000119312524271121/d905775d1512g.htm (retrieved 2026-10-06)
• Envestnet, Inc., Quarterly Report on Form 10-Q for the quarter ended 30 September 2024, filed 8 November 2024, cover page share count. https://www.sec.gov/Archives/edgar/data/1337619/000133761924000030/env-20240930.htm (retrieved 2026-10-06)
• Envestnet, Inc., Exhibit 21.1 to the Form 10-K for the financial year ended 31 December 2023, filed 28 February 2024. https://www.sec.gov/Archives/edgar/data/1337619/000133761924000005/env-20231231ex211.htm (retrieved 2026-10-06)
• Financial Crimes Enforcement Network, Beneficial Ownership Information Reporting, alert updated 11 August 2026. https://www.fincen.gov/boi (retrieved 2026-10-06)

Directors and officers of Envestnet Asset Management, Inc.

Pennsylvania publishes an officer list for this entity. The Pennsylvania Department of State’s registered-business extract for filing number 0007196463, retrieved on 6 October 2026, carries twelve appointment rows across eight named people: Christopher Todd as Chief Executive Officer, President and Governor; John Hofmann as Chief Financial Officer, Treasurer and Governor; Brandon Thomas and Dana D’Auria each as Co-Chief Investment Officer; Shelly O’Brien as Corporate Secretary; Patrick Marr as Assistant Corporate Secretary; Angela Sprutsko as Chief Accounting Officer; and Debra DeVoe as Chief Compliance Officer. “Governor” is the party type the Pennsylvania register itself uses; it is reproduced as the register records it and is not translated into another jurisdiction’s term. Schedule A to the company’s Form ADV Part 1A of 30 June 2026 independently records Brandon Rockwell Thomas as Co-Chief Investment Officer, with a date of status acquisition of September 2001 and CRD number 2071577. Neither source records any appointment as having ended, and neither records an appointment date for the other seven people. No nationality field exists in either source, so nationality is Not disclosed throughout.

The structured officer data attached to this record does not describe this entity’s own officers. It holds 14 rows naming 10 distinct people, reported by the provider as a complete capture of 14 results across one page, in four capture batches by provider identifier. Only two of the eight people the register names appear in it at all. Dana D’Auria is stored as “Co-chief Investment Officer & Group President Of Envestnet Solutions”, where the register records only the Co-Chief Investment Officer office for this entity and the second element is a group-level title; Shelly O’Brien is stored as “Chief Legal Officer, General Counsel & Corporate Secretary”, where the register records only the Corporate Secretary office. The other nine rows, naming eight people, are personnel of the wider Envestnet organisation rather than office-holders of this corporation. One stores a person as “Interim Ceo & Chairman”: Envestnet, Inc.’s Form 15-12G of 5 December 2024 is signed by James L. Fox as Interim Chief Executive Officer of Envestnet, Inc., so that is a real office at a different legal entity, while the register records Christopher Todd as this company’s Chief Executive Officer and President. Another stores William C. Crager with the job title “Co-founder & Strategic Advisor”; co-founder is not a corporate office and the register records no such position. Two further rows both store Joshua Warren as Chief Financial Officer, while the register records John Hofmann in that office for this entity.

Further defects measured in the same 14 rows: Shelly O’Brien appears three times, once with work status RESIGNED and twice with work status ACTIVE and a longer title, so the record asserts both states for one person at once; Dana D’Auria appears twice, the second time with her post-nominal duplicated inside the surname field; seven of the 14 rows carry a middle name, initial or post-nominal folded into the surname. Every row has a null appointment date and a null resignation date, including the row marked RESIGNED, so the feed asserts a resignation without dating it. A missing date is a milder defect than an invented one, and no fabricated appointment date appears on this record. Six rows carry a birth year and all six carry a birth month of 1, a placeholder value that no United States public source publishes; neither the month nor the year is reproduced here. Every row carries an address country of “US”, which is neither nationality nor residence, with an empty street line and null locality, region and postcode, so the baseline data contains no residential address on this record.

One caution about the page itself, checked against its rendered content on 6 October 2026. The page publishes 14 officer cards built from that structured data, each badged ACTIVE or RESIGNED, each carrying a “Residence” line generated from the address-country field and an “Occupation” line generated from the job title, and each attributed to the Pennsylvania Department of State. Nine of those cards name people the Pennsylvania register does not record as officers of this company, and the “Residence” label corresponds to no residence or nationality that either source publishes. The list verified above, from the register’s own extract and from the Form ADV, is the one to rely on.

Data availability

Current only. Pennsylvania publishes current officers by name and party type for this registration, so the jurisdiction does publish officer information for it; but the extract carries no appointment or cessation dates, no former office-holders, and no nationality, residence or occupation field. Nationality is therefore Not disclosed for every person named, and no dated appointment, resignation or role change can be published from either source, which is why no recent-changes section appears. The list is current as at the Form ADV amendment of 30 June 2026 and the register extract retrieved on 6 October 2026.

Sources

• Pennsylvania Department of State, Registered Businesses in PA Current by County, dataset xvd7-5r2c, data.pa.gov, twelve officer rows for filing number 0007196463. https://data.pa.gov/resource/xvd7-5r2c.json?filing_number=0007196463 (retrieved 2026-10-06)
• Form ADV Part 1A, Items 1 and 3 and Schedule A, Envestnet Asset Management, Inc., CRD 111694, other-than-annual amendment filed 30 June 2026. https://reports.adviserinfo.sec.gov/reports/ADV/111694/PDF/111694.pdf (retrieved 2026-10-06)
• Envestnet, Inc., Form 15-12G filed 5 December 2024, signed by James L. Fox as Interim Chief Executive Officer. https://www.sec.gov/Archives/edgar/data/1337619/000119312524271121/d905775d1512g.htm (retrieved 2026-10-06)

Group structure of Envestnet Asset Management, Inc.

Envestnet Asset Management, Inc. is part of a verified corporate group, and the group position is disclosed by the company itself to the U.S. Securities and Exchange Commission. Exhibit 21.1 to Envestnet, Inc.’s Form 10-K names Envestnet Asset Management, Inc. as a subsidiary and gives its jurisdiction of incorporation as Delaware; the entry appears in all eight of the annual reports for the financial years 2016 to 2023, the last of which was filed on 28 February 2024. Those exhibits list names and jurisdictions only — the FY2023 exhibit lists 34 subsidiaries — and carry no hierarchy, no ownership percentages and no scope or materiality qualification, so they establish membership of the group but not the position within it. Schedule A to the company’s Form ADV Part 1A of 30 June 2026 supplies the immediate holder: Envestnet, Inc., with ownership code E, which the form defines as 75% or more. Schedule B to the same filing discloses six further entities above it, each dated November 2024 and each expressed as a band. The ultimate parent disclosed on the face of the filing is Bain Capital Fund XIII, L.P.

Two cautions on reading the schedules. The DE/FE/I column means “domestic entity”, “foreign entity” or “individual”; it is not a state abbreviation, so it does not establish Delaware for any indirect owner. Independently of it, Envestnet, Inc.’s Form 8-K of 25 November 2024 states that BCPE Pequod Buyer, Inc. and BCPE Pequod Merger Sub, Inc. are Delaware corporations. Item 10 of the Form ADV records no entry at Section 10.A or 10.B of Schedule D, so no controlling entity outside Item 1.A and the schedules is disclosed.

Verified corporate relationships

The shared name of the Canadian and Indian entities is not treated here as evidence that either is a subsidiary of Envestnet Asset Management, Inc. Exhibit 21.1 lists every subsidiary of Envestnet, Inc. flat, so it cannot distinguish a direct from an indirect holding, and no other filing read states the intermediate holder.

Recent structural changes

• 11 July 2024 — Envestnet, Inc. entered into an Agreement and Plan of Merger with BCPE Pequod Buyer, Inc. and BCPE Pequod Merger Sub, Inc., reported in a Current Report on Form 8-K of the same date.
• 25 November 2024 — the merger completed. BCPE Pequod Merger Sub, Inc. merged with and into Envestnet, Inc., which survived as a wholly owned subsidiary of BCPE Pequod Buyer, Inc. The Form 8-K states aggregate merger consideration of approximately USD 4.5 billion, funded by equity contributions from certain investment vehicles managed or advised by Bain Capital Private Equity, LP and certain co-investors together with third-party debt financing, and records that the New York Stock Exchange was asked to delist the common stock. A Form 25-NSE was filed the same day.
• 5 December 2024 — Envestnet, Inc. filed a Form 15-12G terminating the registration of its common stock under section 12(g) and suspending its reporting duty, so the group’s last Form 10-K is the one for the financial year ended 31 December 2023.

Data availability

Partial. The chain of holders above the subject is disclosed in full as a list of entities, but every percentage in it is a band rather than a figure, no registration number is given for any indirect owner, and nothing is disclosed above Bain Capital Fund XIII, L.P. Pennsylvania publishes no parent, subsidiary, holding or linkage field of any kind for a registered business, so the register can neither add to nor contradict the above; the structured group data attached to this record is the provider’s standard absence note, which carries no tree, no linked entity and no identifier for the subject other than the provider’s own internal key, and whose suggestion that the source registry records no group presence is uninformative for Pennsylvania for that reason. Because Envestnet, Inc. ceased to file annual reports after the financial year 2023, no Exhibit 21 later than 28 February 2024 exists against which the subsidiary list can be refreshed.

Sources

• Form ADV Part 1A, Schedule A, Schedule B and Item 10, Envestnet Asset Management, Inc., CRD 111694, amendment filed 30 June 2026. https://reports.adviserinfo.sec.gov/reports/ADV/111694/PDF/111694.pdf (retrieved 2026-10-06)
• Envestnet, Inc., Exhibit 21.1 (Subsidiaries of the Registrant) to the Form 10-K for the financial year ended 31 December 2023, filed 28 February 2024. https://www.sec.gov/Archives/edgar/data/1337619/000133761924000005/env-20231231ex211.htm (retrieved 2026-10-06)
• Envestnet, Inc., Current Report on Form 8-K reporting completion of the merger, filed 25 November 2024. https://www.sec.gov/Archives/edgar/data/1337619/000121390024101828/ea0222178-8k_envestnet.htm (retrieved 2026-10-06)
• Envestnet, Inc., Form 15-12G, filed 5 December 2024. https://www.sec.gov/Archives/edgar/data/1337619/000119312524271121/d905775d1512g.htm (retrieved 2026-10-06)
• Global Legal Entity Identifier Foundation, LEI record of Envestnet, Inc., LEI 549300HLWZ5OKIDM8737, jurisdiction US-DE, registered as 3763783 with registration authority RA000602, whose GLEIF record names it the Division of Corporations, Department of State, jurisdiction Delaware, United States; entity creation date 11 February 2004, validated as fully corroborated. https://api.gleif.org/api/v1/lei-records/549300HLWZ5OKIDM8737 (retrieved 2026-10-06)
• Global Legal Entity Identifier Foundation, LEI record of Envestnet Asset Management India Private Limited, LEI 984500AD9F2JF2BCD002. https://api.gleif.org/api/v1/lei-records/984500AD9F2JF2BCD002 (retrieved 2026-10-06)
• Pennsylvania Department of State, Registered Businesses in PA Current by County, dataset xvd7-5r2c, data.pa.gov. https://data.pa.gov/resource/xvd7-5r2c.json?filing_number=0007196463 (retrieved 2026-10-06)