Chicago, IL – November 14, 2012Press Release
Envestnet | Tamarac™ Integrates Performance Reporting and CRM Applications with Schwab Openview Gateway™
Central, Secure, System to Access Critical Client Data Reaffirms Commitment to Empowering Advisors with the Technologies to Make their Practices More Efficient and ProfitableEnvestnet | Tamarac™, a leading provider of integrated web-based portfolio and client management software for independent advisors and wealth managers, has announced a collaboration with Schwab Intelligent Technologies™ to provide an integrated data and reporting solution for advisors using Schwab OpenView GateWay and Envestnet | Tamarac's Advisor Xi Suite.
Through this integration, advisors who custody with Schwab can securely access custodial data in real-time from Tamarac's performance reporting and billing application, Advisor View™, as well its client relationship management system, Advisor CRM®. By utilizing this integration, advisors will be able to serve their clients from an integrated system with a single sign-on, driving greater efficiencies while improving responsiveness. Integrated custodial information includes account and contact information, balance data, alerts, and reports such as statements, tax documents and trade confirmations.
"Envestnet is deeply committed to enhancing and expanding the development of Tamarac's platform. Together we are creating technologies and working with custodians to empower advisors to build their practice management capabilities and focus on the needs of their clients," said Stuart DePina, Group President, Envestnet|Tamarac. "This integration allows both advisors and their clients to spend less time searching for the information and enjoy a seamless experience. By opening a single program, advisors can now see the most pertinent client information and action items in one place."
"Envestnet|Tamarac is truly making account administration more efficient with this integration and our client service and operations teams couldn't be more pleased," said Troy Waters, Managing Director, HoyleCohen. "With access to real-time account data, alerts and electronic statements at our fingertips, our advisors have the information they need, without having to leave their current applications used for regular client management or portfolio management business processes." More Press Releases Schedule a Demo