Envestnet, Inc. (NYSE:ENV) Q1 2023 Earnings Conference Call May 4, 2023 5:00 PM ET

Company Participants

Pete D'Arrigo – Chief Financial Officer

Bill Crager – Chief Executive Officer

Conference Call Participants

Michael Falco – JMP Securities

Michael Cho – JPMorgan

Alex Kramm – UBS

Surinder Thind – Jefferies

Operator

Greetings, and welcome to the Envestnet First Quarter 2023 Earnings Conference Call. [Operator Instructions] As a reminder this conference is being recorded.

It is now my pleasure to introduce your host, Pete D'Arrigo, CFO. Thank you, Mr. D'Arrigo, you may begin.

Pete D'Arrigo

Good afternoon, everyone. Thank you for joining us on today's first quarter 2023 earnings call.

I'd like to begin by noting that our earnings press release, supplemental presentation and associated Form 10-Q will be available under the Investor Relations section of our website at envestnet.com. This call is being webcast live and a replay will be available for one-month under the Investor Relations section of our website as well. During the call, we will be discussing certain forward-looking information. This information is based on our current expectations and is not a guarantee of future performance. I encourage you to review the cautionary statements on Slide 2 of the supplemental presentation for the potential risks, uncertainties and other factors that could cause actual results to differ from those expressed by the forward-looking statements. Further information can be found in our regular SEC filings.

During this call, we will be referring to certain non-GAAP financial measures. Please refer to the non-GAAP disclosure statement on Slide 3 of the supplemental presentation for an explanation of the non-GAAP financial measures and to the appendix in our supplemental presentation for a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP measures.

Joining me on today's call is Bill Crager, Envestnet's Chief Executive Officer. Bill and I will provide a company update as well as an overview of the company's first quarter 2023 results. After our prepared remarks, we will open the call to questions. [Operator Instructions]

And with that, I will turn the call over to Bill.

Bill Crager

Thank you, Pete, and thank you, everyone, for joining us this evening.

In 2021, Envestnet took a very deliberate stance and announced our strategy to invest in the economic opportunity inherent in our unparalleled client footprint, breadth of services and industry leadership that's been driven by years of innovation. We understood better than anyone that our clients would need a partner to provide institutional scale that was connected to a powerful ecosystem that enables more holistic advice, connected to more services and more solutions. We are the category leader. We are deepening that position. We are extending market share. We are investing into the growth strategy for the industry and for Envestnet.