Litman Gregory Harnesses Envestnet | Tamarac Portfolio Management Solution to Streamline & Grow RIA Practice
Envestnet | Tamarac's Advisor View™ Application & Client Portal Empower Litman Gregory Asset Management's Advisors to Strengthen Client Relationships & Demonstrate More Value
CHICAGO, IL – April 5, 2016 – Litman Gregory Asset Management, LLC has chosen to implement Envestnet | Tamarac's Advisor View™ portfolio management and performance reporting application. Advisor View is part of Tamarac's web-based Advisor® Xi platform for independent RIAs (http://www.tamaracinc.com/Advisor.aspx), and will provide Litman Gregory advisors with a secure client portal for two-way communication and document exchanges, a wide variety of dynamic reports, integrations with third-party providers of financial planning and other services, and greater access and flexibility for the firm's entire investment management team.
"Our integrated technology solutions help advisors increase overall profitability and client satisfaction across their practices," said Stuart DePina, Group President of Envestnet | Tamarac. "We look forward to continuing to work closely with Litman Gregory Asset Management to position its team to demonstrate more value to clients, and efficiently manage current and future accounts as the practice grows."
Litman Gregory Asset Management (http://www.lgam.com) will utilize Advisor View to provide its advisors and other staff members with flexible, broadly permissioned access to a wide range of account reports which can be created and presented to clients at any time and from any location. Besides enabling all team members to seamlessly facilitate meaningful conversations with clients through more efficient reporting, Advisor View will make billing and composite processes shorter and easier with its rules-based technology. Advisor View's manual-security snapshot feature offers Litman Gregory improved reporting for alternative investments, incorporating valuations and other important information about these assets into account reports.
In addition, Advisor View will allow the Litman Gregory team to benefit from Tamarac's integrations with strategic partners such as FactSet and MoneyGuidePro®. These integrations provide Litman Gregory's advisors with access to FactSet's financial information and portfolio analytics and MoneyGuidePro's financial planning capabilities to enhance account reports and make well-informed investment decisions. Meanwhile, the Advisor View client portal will help Litman Gregory's advisors better engage with next-generation clients who expect to be able to access account details and reports in real-time.
Litman Gregory uses a custom installation of Microsoft Dynamics CRM built specifically for their firm by Tamarac's integration partner, Salentica. Like Tamarac's Advisor CRM® (also built on Microsoft Dynamics), this will provide Litman Gregory with access to Advisor View data and functionality directly from its CRM, driving greater firm-wide efficiency.
"We chose Tamarac because it was clear early on that they not only understood our business, but were committed to working with us over the long term to help us reach our goals," said Jennifer Ceccarelli, Chief Operations Officer and a Principal at Litman Gregory Asset Management. "Tamarac empowers our team members by giving them more robust reporting capabilities to have more meaningful performance conversations with clients during a particularly volatile market environment—and also provides them with the flexibility to meet changing needs and requirements."
Litman Gregory Asset Management was co-founded by Ken Gregory and Craig Litman in 1987. The firm combines its in-house investment research and global tactical asset allocation expertise to grow and protect the long-term assets of high-net-worth individuals, multigenerational families, endowments, and foundations, as well as support those clients' ongoing financial needs. Litman Gregory Asset Management is part of the Litman Gregory companies, which manage more than $8.79 billion in assets (as of December 31, 2015) and maintain four offices in the San Francisco Bay Area.
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.
Envestnet | Yodlee is a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services. More than 950 companies, including 12 of the 20 largest U.S. banks and hundreds of Internet services companies, subscribe to the Envestnet | Yodlee platform to power personalized financial apps and services for millions of consumers. Envestnet | Yodlee solutions help transform the speed and delivery of financial innovation, improve digital customer experiences, and drive better outcomes for our clients and their customers.