Chicago, IL – August 13, 2014Press Release
Advisor View™ by Envestnet | Tamarac™ Solutions Empower CliftonLarsonAllen Wealth Advisors to Streamline and Broaden Service Offerings
CLA Wealth Advisors Selects Tamarac's Advisor Xi® Suite as its Complete Portfolio and Client Management PlatformEnvestnet | Tamarac™, a division of Envestnet, Inc. (NYSE: ENV) and a leading provider of integrated, web-based portfolio and client management software for independent advisors and wealth managers, announces that CliftonLarsonAllen Wealth Advisors, LLC (CLA Wealth Advisors) has selected Tamarac's unified technology platform to expand client offerings, streamline its operations, and position its practice for growth.
CLA Wealth Advisors, a wholly owned subsidiary of prominent professional services provider CliftonLarsonAllen LLP (CLA), recently signed a contract to replace its portfolio accounting and client relationship management (CRM) systems with Envestnet |Tamarac's Advisor View™ and Advisor CRM™, respectively. These tools are part of Advisor Xi®, Tamarac's web-based platform for independent RIAs. CLA Wealth Advisors has relied on Advisor Rebalancing™, another Advisor Xi offering, for the past five years, and decided to expand its relationship with Tamarac to support the firm's growth. CLA Wealth Advisors previously used three products from different vendors which were not integrated.
"The integration of the entire Advisor Xi platform will help make CLA Wealth Advisors' internal operations much more efficient, leading to tremendous productivity gains and expanding the services it can offer clients," said Stuart DePina, Group President, Envestnet | Tamarac. "We will continue to closely support CLA Wealth Advisors, delivering the innovative solutions and the integration it needs to meet its long-term practice and client service goals."
The capability to access fully integrated portfolio accounting, rebalancing, and CRM software from a single location saves the firm's advisors a great deal of time, enabling them to allocate more resources to serving their existing and prospective clients. In addition to utilizing Advisor Xi, CLA Wealth Advisors is also looking to capitalize on Envestnet |Tamarac's integration efforts with the broader Envestnet platform to leverage core offerings, including investment research, proposal generation, and access to portfolios and strategists through Envestnet.
"Our relationship with Envestnet |Tamarac gives us the opportunity to pick and choose from a wide variety of resources available from Envestnet, enabling us to provide our clients with a full suite of wealth advisory services," said Tony Hallada, CEO, CLA Wealth Advisors. â€œWe needed a unified technology platform and infrastructure that can keep pace with our growth, and Tamarac provides this and so much more."
CLA will also benefit from Envestnet |Tamarac's integrated technology solutions because CLA Wealth Advisors' employees can now send portfolio accounting reports to their CPA colleagues electronically through Advisor Xi. Previously, they had to send accounting reports manually.
Full implementation of the Advisor Xi technology platform is expected to be complete in the first quarter of 2015. More Press Releases Schedule a Demo