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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 Nn3yN3wfdLyMjThBZif7BHLMh32GksuaisUKSuj7gg709i47HbZ/WX53VRorFShG
 Wrfpr2tvVZZyq6LW45eHtQ==

<SEC-DOCUMENT>0001181431-11-014920.txt : 20110302
<SEC-HEADER>0001181431-11-014920.hdr.sgml : 20110302
<ACCEPTANCE-DATETIME>20110302210426
ACCESSION NUMBER:		0001181431-11-014920
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20110228
FILED AS OF DATE:		20110302
DATE AS OF CHANGE:		20110302

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			KOONTZ PAUL G
		CENTRAL INDEX KEY:			0001205496

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34835
		FILM NUMBER:		11658212

	MAIL ADDRESS:	
		STREET 1:		FOUNDATION CAPITAL
		STREET 2:		70 WILLOW ROAD STE 200
		CITY:			MENLO PARK
		STATE:			CA
		ZIP:			94025

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ENVESTNET, INC.
		CENTRAL INDEX KEY:			0001337619
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-BUSINESS SERVICES, NEC [7389]
		IRS NUMBER:				201409613
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		35 E WACKER DR STE 2400
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60601
		BUSINESS PHONE:		312-827-2800

	MAIL ADDRESS:	
		STREET 1:		35 E WACKER DR STE 2400
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60601

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ENVESTNET ASSET MANAGEMENT GROUP INC
		DATE OF NAME CHANGE:	20050831
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd303765.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2011-02-28</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001337619</issuerCik>
        <issuerName>ENVESTNET, INC.</issuerName>
        <issuerTradingSymbol>ENV</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001205496</rptOwnerCik>
            <rptOwnerName>KOONTZ PAUL G</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O FOUNDATION CAPITAL</rptOwnerStreet1>
            <rptOwnerStreet2>250 MIDDLEFIELD ROAD</rptOwnerStreet2>
            <rptOwnerCity>MENLO PARK</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94025</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Director Stock Option (Right to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>12.55</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2011-02-28</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>2658</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>12.55</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <value>2021-02-28</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>2658</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2658</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">2,658 options were granted to the Reporting Person on 2/28/2011. Such options will vest monthly over a 4 year period, except that the shares that would otherwise vest over the first 12 months shall not vest until the first anniversary (2/28/2012) of the grant.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Shelly O'Brien, by power of attorney for Paul Koontz</signatureName>
        <signatureDate>2010-03-02</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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