Press Release
« Back to archive

Envestnet | Tamarac Simplifies Billing and Auditing Processes for Advisors Using Award-Winning Advisor View Portfolio Management Application

CHICAGO, IL – June 27, 2017 – Envestnet | Tamarac (www.tamaracinc.com) has added new auditing capabilities to the powerful billing functionality in its Advisor View application that make it easy for advisors to compare billing periods and complete auditing processes.

The enhancements made to the Account Billing History report in Advisor View enable advisors to easily compare the Previous Billable Value, Previous Billed Amount and Previous Billing Date for any date period or number of billing cycles. With this update, advisors no longer need to manually gather or manipulate data to evaluate the previous billing cycle with the current billing. Using Advisor View, they can easily look across their client account billing history to quickly identify discrepancies.

In addition to selecting a custom date range, advisors can simply check the new Most Recent Billing Date option to quickly run a comparison of the current billing cycle against the previous. As a best practice, advisors can also save a dynamic version of the Account Billing History report using the Most Recent Billing Date setting to easily access the report for ongoing auditing purposes.

“Improving how advisors access and utilize data to make better business decisions, like our new billing cycle auditing capabilities, is an ongoing top priority at Tamarac,” said Stuart DePina, president of Envestnet | Tamarac. “With these new reporting features, advisors can efficiently manage these tasks and focus more intently on serving their clients and growing their business.”

These capabilities were added as part of Envestnet | Tamarac’s June 2017 technology release, which also include updates to Advisor View’s portfolio management and performance reporting application and enhancements to core applications in the Tamarac Advisor Xi® platform. Envestnet | Tamarac consistently enhances all of the applications that comprise its integrated Advisor Xi technology suite for independent RIAs, rolling out a new round of updates every 60 days. Tamarac RIAs can log into the Support and Training Center for the full details on the June technology release: https://support.tamaracinc.com/

ABOUT ENVESTNET

Envestnet, Inc. (NYSE: ENV) is the leading provider of intelligent systems for wealth management and financial wellness. Envestnet’s unified technology enhances advisor productivity and strengthens the wealth management process. Envestnet empowers enterprises and advisors to more fully understand their clients and deliver better outcomes.

Envestnet enables financial advisors to better manage client outcomes and strengthen their practices. Institutional-quality research and advanced portfolio solutions are provided through Envestnet | PMC, our Portfolio Management Consultants group. Envestnet | Yodlee is a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services. Envestnet | Tamarac provides leading rebalancing, reporting, and practice management software for advisors. Envestnet | Retirement Solutions provides retirement advisors with an integrated platform that combines leading practice management technology, research and due diligence, data aggregation, compliance tools, fiduciary solutions and intelligent managed account solutions.

More than 55,000 advisors and 2,500 companies including: 16 of the 20 largest U.S. banks, 38 of the 50 largest wealth management and brokerage firms, over 500 of the largest Registered Investment Advisers, and hundreds of Internet services companies, leverage Envestnet technology and services. Envestnet solutions enhance knowledge of the client, accelerate client on-boarding, improve client digital experiences, and help drive better outcomes for enterprises, advisors, and their clients.

For more information about Envestnet | Tamarac's Advisor Xi, please visit www.tamaracinc.com and follow @TamaracInc.


Sign In
Advisor Rebalancing
Advisor View