Envestnet Keeps Making Progress Toward Further Growth

Almost nine years of favorable market movements have helped the financial industry recover from its worst period in generations. With profits restored, financial institutions have been able to invest in technology to help improve their operations, and financial information technology specialist Envestnet (NYSE: ENV) has benefited from the long bull market as it markets its productivity tools to clients in the wealth management industry.

Coming into Wednesday's third-quarter financial report, Envestnet investors were looking to see the company's growth rates remain favorable in light of continued success in the financial markets. Envestnet's gains were considerable, and the company is optimistic about a recent acquisition that could help it accelerate future growth. Let's look more closely at how Envestnet did and what's ahead for the company.

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Source: Fool.com