v3.22.2.2
Goodwill and Intangible Assets, Net (Tables)
 9 Months Ended
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill by Segment
Changes in the carrying amount of goodwill were as follows:

 Envestnet Wealth SolutionsEnvestnet Data & AnalyticsTotal
(in thousands)
Balance at December 31, 2021
$621,876 $303,278 $925,154 
401kplans.com acquisition11,396 — 11,396 
Truelytics acquisition— 16,195 16,195 
Redi2 Technologies acquisition44,236 — 44,236 
Foreign currency translation— (714)(714)
Balance at September 30, 2022
$677,508 $318,759 $996,267 
Schedule of Intangible Assets, Net
Intangible assets, net consisted of the following:
 September 30, 2022December 31, 2021
 Gross NetGross Net
 CarryingAccumulatedCarryingCarryingAccumulatedCarrying
 AmountAmortizationAmountAmountAmortizationAmount
(in thousands)
Customer lists$604,080 $(274,310)$329,770 $590,080 $(241,189)$348,891 
Proprietary technologies119,824 (59,892)59,932 85,324 (43,004)42,320 
Trade names36,700 (28,320)8,380 33,700 (24,515)9,185 
Total intangible assets$760,604 $(362,522)$398,082 $709,104 $(308,708)$400,396 
Schedule of Amortization Expense
Amortization expense was as follows:
 Three Months EndedNine Months Ended
 September 30,September 30,
 2022202120222021
(in thousands)
Amortization expense$18,649 $17,390 $53,814 $51,370 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
Future amortization expense of the Company's intangible assets as of September 30, 2022, is expected to be as follows:

Years ending December 31,(in thousands)
Remainder of 2022$18,087 
202360,087 
202453,240 
202549,900 
202641,997 
Thereafter174,771 
Total$398,082