Tamarac Releases Advisor Xi, the Next Generation of Its Cloud-Based RIA Platform

Pioneering new levels of integration between critical systems for financial advisors

Tamarac Inc., a leading provider of integrated portfolio and customer management software and services for financial advisors, today announced the release of the latest version of its integrated RIA platform, Advisor® Xi.

Advisor Xi uniquely integrates:

• Advisor View™: Dynamic performance reporting, fee billing, and customer portal application, supported by outsourced portfolio management services
• Advisor Rebalancing®: Industry-leading portfolio rebalancing application
• Advisor OMS™: FIX connection enabling straight-through processing of trades
• Advisor CRM®: Customizable RIA version of Microsoft Dynamics® CRM
• Third-party applications: Documentation management, financial planning, account aggregation and more

Advisor Xi delivers on the promise of meaningful integration. Users can choose how information is updated throughout the platform; when you update information in one product, Advisor Xi can update all other products that share that data. For example, when contact information is updated in Advisor CRM, Advisor Xi seamlessly updates the performance reporting and the portfolio accounting system. Additionally, Advisor Xi’s integration enables advisors to leverage the powerful Microsoft Dynamics workflow capabilities to intelligently automate business processes that span multiple applications.

"We have been a client of Tamarac for several years," said Melissa McDermott, Chief Compliance Officer at Empirical Wealth Management. "We experienced dramatic gains in efficiency using Advisor Rebalancing, but now that we’ve added the integrated CRM, performance reporting, client portal and outsourced portfolio management services, our firm is operating at a new level of efficiency and growth – while significantly reducing our costs related to hardware, IT management and data backups. Tamarac is truly a service partner to our firm and supports us literally daily."

Advisor Xi provides a foundation for integrating best-in-class third-party software providers in rapid succession to drive even greater efficiency within an RIA firm by streamlining more systems. In the coming months, Tamarac will be releasing integrations with a growing list of vendors in the areas of financial planning, documentation management, hosted Microsoft Exchange, and more.

"While the various applications in our Advisor Xi solution are modular, over 100 RIA firms in our growing client base are leveraging the added efficiency gains of the full integrated suite and outsourced services," said Stuart DePina, CEO of Tamarac. "The rapid adoption of our platform is a strong indicator that independent advisors are looking for a flexible, single vendor solution that integrates key technologies in a meaningful way." More Press Releases Schedule a Demo