Press Release
« Back to archive

One of South Florida’s Largest Independent RIAs Harnesses Advisor® Xi Technology to Continue Growth Trajectory

Evensky & Katz / Foldes Financial Wealth Management Adopts Advisor View™ to Create More Interactive Experience for Clients
CHICAGO, IL – November 5, 2014 – Envestnet | Tamarac, a division of Envestnet, Inc. (NYSE: ENV) and a leading provider of integrated and web-based portfolio and client management software for independent advisors, announces that Evensky & Katz / Foldes Financial Wealth Management has chosen to utilize Tamarac Advisor View™ to streamline portfolio management, reporting, billing, and client communications.

The secure client portal in Advisor View will enable the firm's clients to review account reports and other documents online at any time, and is also equipped with a personalized dashboard for easy navigation as well as communication tools to interact with advisors.

Evensky & Katz Wealth Management and Foldes Financial Management merged earlier this year to create one of the largest independent registered investment advisors (RIAs) in South Florida, with approximately 4,100 accounts and $1.6 billion in assets under management. The combined firm (www.evensky.com), which is based in Coral Gables, FL, has a staff of 25 professionals, including 13 Certified Financial Planner (CFP®) practitioners.

Following the merger, Evensky & Katz / Foldes Financial selected Advisor View from Envestnet | Tamarac to increase interaction between advisors and clients, and position the firm to continue its long-term growth.

"We needed a sophisticated technology solution that would be user-friendly for our full spectrum of clients, and would help us expand our offerings. Advisor View fits the bill in every regard," said Harold Evensky, CFP, AIF, Chairman, Evensky & Katz / Foldes Financial Wealth Management. "We found Envestnet | Tamarac to be a like-minded partner that shares our commitment to providing interactive and customized client service, while ensuring client data remains secure and accurate."

Through Advisor View, Evensky & Katz / Foldes Financial's advisors can create and customize dynamic reports within Advisor View and specify which reports certain clients can access via their integrated portal. When it becomes available in the first quarter of 2015, the firm's advisors and clients will also be able to utilize Envestnet | Tamarac's Advisor View iPad app, which features an elegant user interface and advanced client portal capabilities that leverage swipe navigation. The app is optimized for an iPad user interface.

"When advisors are empowered with technology that clearly demonstrates their value, they develop stronger relationships with their clients as well as the flexibility to efficiently and effectively serve more clients," said Stuart DePina, Group President, Envestnet | Tamarac. "We look forward to working with Evensky & Katz / Foldes Financial to provide its clients with an interactive and personalized wealth management experience."

Advisor View is a component of Advisor® Xi, Envestnet | Tamarac’s web-based platform for independent RIAs. In addition to Advisor View, the Advisor Xi suite includes Advisor CRM®, a customized version of Microsoft Dynamics CRM which is designed specifically for independent RIAs, and Advisor Rebalancing®, the industry’s leading portfolio rebalancing and trading application.

"In today’s wealth management marketplace, it is not enough for RIAs to simply maintain a website and email reports to clients—they need to facilitate frequent interaction with clients," said Lane Jones, CFA, CFP, Chief Investment Officer, Evensky & Katz / Foldes Financial. "We are confident we can seamlessly grow and enhance our practice with the relationship-strengthening benefits of Advisor View."

ABOUT ENVESTNET | TAMARAC

Envestnet, Inc. (NYSE: ENV) is a leading provider of unified wealth management technology and services to investment advisors. Our open-architecture platforms unify and fortify the wealth management process, delivering unparalleled flexibility, accuracy, performance, and value. Envestnet solutions enable the transformation of wealth management into a transparent, independent, objective, and fully-aligned standard of care, and empower advisors to deliver better outcomes.

Envestnet | Tamarac's web-based platform for independent RIAs, Advisor Xi®, deeply unifies portfolio management, modeling, rebalancing, trading, billing, and reporting with a client portal and enterprise-level client relationship management (CRM) system.

For more information about Envestnet | Tamarac’s Advisor Xi, please visit www.envestnet.com/tamarac and follow @TamaracInc.


Sign In
Advisor Rebalancing
Advisor View