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Chicago, IL – May 17, 2012
Press Release

Schwab Announces Envestnet | Tamarac as Selected Participant in Schwab Intelligent Integration

As part of the ongoing initiative to integrate with leading platforms serving independent investment advisors, Schwab announced today that Tamarac, a division of Envestnet, Inc., has been selected for participation in Schwab Intelligent Integration. This integration will allow for real-time custody data from Schwab Advisor Services to be available within the Tamarac Xi web-based platforms Advisor CRM® and Advisor View®.

"This marks another important milestone in our effort to work with leading platforms to provide high quality integrations that have a meaningful impact on the work that independent investment advisors do every day," said Neesha Hathi, vice president of technology solutions for Schwab Advisor Services. "We have a long relationship with Tamarac, including their licensing of Schwab Performance Technologies' PortfolioCenter®, and we look forward to the additional benefits we will be able to provide to clients."

"Integrating Tamarac Advisor CRM and our performance reporting, portal and billing application, Advisor View, with Schwab Intelligent Integration is a perfect complement of customer management, portfolio management and custodial technologies," said Stuart DePina, Group President of Envestnet | Tamarac. "Advisors using the comprehensive solution will see dramatic gains in their ability to service their clients and scale their businesses more profitably."

As part of its platform, Tamarac employs a customized version of Microsoft Dynamics® CRM. Tamarac will be the second provider using Microsoft CRM to become part of Schwab Intelligent Integration. The first, Salentica, is currently in beta and is expected to enter pilot this summer.

Schwab announced general availability of two other integrations with leading CRM providers in February.
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About Schwab Intelligent Integration

Schwab Intelligent Integration is a multi-year initiative designed to increase integration between disparate systems and workflows in advisors' offices. Schwab OpenView Integrated Office is a product of Schwab Performance Technologies® and includes integration with Salesforce CRM. Schwab OpenView Gateway and the Schwab OpenView Workflow Library are products of Schwab Intelligent Technologies. Participating providers in Schwab OpenView Gateway are Junxure, Microsoft, Salentica, salesforce.com, and Tamarac. More information about Schwab Intelligent Integration is available at www.schwabintelligenttechnologies.com.

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with more than 300 offices and 8.7 million active brokerage accounts, 1.5 million corporate retirement plan participants, 808,000 banking accounts, and $1.83 trillion in client assets as of April 30, 2012. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, www.sipc.org), and affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through Schwab Advisor Services. Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides banking and mortgage services and products. More information is available at www.schwab.com and www.aboutschwab.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 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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