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Seattle, WA – July 16, 2009
Press Release

Large RIAs, firms managing over $500MM in assets, overwhelmingly choose Tamarac Advisor for their rebalancing and trading software

Tamarac Inc., the market leader in portfolio rebalancing and trading software for investment professionals, today announced that more than 50 of its RIA clients each manage over $500MM in assets, making Tamarac Advisor® the rebalancing software of choice for large RIAs.
Tamarac Inc., the market leader in portfolio rebalancing and trading software for investment professionals, today announced that more than 50 of its RIA clients each manage over $500MM in assets, making Tamarac Advisor® the rebalancing software of choice for large RIAs.

Tamarac Advisor is a web-based software application that provides investment advisors with considerable gains in efficiency by automating critical areas of portfolio management such as monitoring, rebalancing, trading, tax management, cash management and reconciliation. The automation in portfolio management enables firms to provide a high degree of service across thousands of accounts with minimal staff and minimal errors.

RIAs using Tamarac range from over $10B in assets under management (AUM) to under $50MM and vary in number of accounts from over 50,000 to less than 100. Firms of all sizes have more time for clients and referrals as a result of the measurable gains in efficiencies Tamarac's portfolio management software delivers.

"RIAs have found themselves with less time to maintain current commitments as they struggle to keep pace with growing client demands," says Stuart DePina, CEO of Tamarac. "While many RIAs have experienced a decrease in revenue due to lower AUM, there has been an increase in many aspects of their back office operations. This increase is derived from a need to remain more active in performing research and to more closely monitor client portfolios - both the results of a volatile market."

More RIAs than ever are turning to technology to replace manual portfolio management tasks with automation. Over the course of the last year, rebalancing and trading software has evolved from a "nice-to-have" to a "must-have."

"Since 2008, more than 120 new RIAs have signed up for our system with the average firm managing over $400MM in AUM," says Matt Springer, President/founder of Tamarac, Inc. "We have over 20 RIAs on our system that manage over $1B in AUM and more than 50 firms that manage over $500MM. The company has seen strong adoption amongst RIAs during a very challenging economic climate thanks to the value our software delivers in the form of back-office efficiencies and improved profitability. Firms using our software can respond to market movement more quickly and do so across all their accounts at once."

Some of Tamarac's clients include:
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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 59,000 advisors and 2,900 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 Advisors, 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, please visit www.tamaracinc.com and follow @TamaracInc.
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