San Diego, CA -- (SBWIRE) -- 07/23/2013 -- An investigation on behalf of investors, who purchased shares of Envestnet Inc (NYSE:ENV) in 2010 or earlier and currently hold any of those NYSE:ENV shares, is ongoing concerning whether certain Envestnet officers and directors possibly breached their fiduciary duties in connection with certain statements.

If you are a current long-term stockholder in shares of Envestnet Inc (NYSE:ENV), you have certain options and you should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Envestnet officers and directors breached their fiduciary duties and caused damage to the company and its shareholders by, among other things, failing to implement adequate internal controls.

Envestnet Inc reported that its annual Total Revenue rose from $123.18 million in 2011 to $157.27 million in 2012 while its Net Income declined from $7.61 million in 2011 to $1.40 million in 2012.

Shares of Envestnet Inc (NYSE:ENV) grew from $9.83 per share in October 2011 to as high as $28.94 per share on July 11, 2013.

Since then NYSE:ENV shares declined to $25.23 per share on July 19, 2013.

On July 22, 2013, NYSE:ENV shares closed at $25.71 per share.

Those who purchased shares of Envestnet Inc (NYSE:ENV) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com