Financial Services Advisory Upgrades Client Experience with Award-Winning Envestnet | Tamarac Technology

Integrated Technology Allows FSA to Streamline Workflows and Increase Efficiencies

Financial Services Advisory (FSA), an SEC-registered investment advisory firm located in Rockville, Maryland, recently announced its selection of Envestnet | Tamarac’s award-winning portfolio management, reporting, billing, rebalancing and client portal platform . Tamarac will help FSA not only effectively manage and rebalance client portfolios, but also demonstrate the value they provide to the firm’s 700 clients by leveraging a state-of-the-art client portal, interactive reporting, customizable PDF reports, a secure document vault, budgeting tools, mobile apps and integrated financial planning.

“As advisors and their clients are shifting their conversations from strictly performance to holistic financial planning, integrations that provide contextual linking help enable these important discussions,” said Stuart DePina, president of Envestnet | Tamarac. “We’re excited to see our partnership with eMoney evolve as we strive to facilitate more meaningful connections between advisors and investors.”

“We were originally looking for a better and more robust portal solution for our clients after using the same technology for the past 30 years,” said Jim Joseph, president at FSA. “Then we discovered Envestnet | Tamarac and realized its solution could be much bigger than a client portal. We saw a whole other level of workflow efficiency and management that would also enhance our clients’ experience.”

Envestnet |Tamarac’s platform will allow the FSA team to greatly streamline its reporting and trading processes by eliminating duplicate data entry and giving them the flexibility and power to create automated, end-to-end workflows customized to the firm’s unique needs. Tamarac’s best-in-class data quality will help FSA conduct trades with confidence and provide data-driven insights to investors. FSA clients will gain a more holistic picture of their finances through Tamarac’s robust client portal, which will serve as a one-stop shop for investors who previously had to visit both FSA’s website and its custodian’s website to get all the information they needed.

“Tamarac’s integrated platform will upgrade both the FSA and client experience significantly,” said Stuart DePina, president of Envestnet | Tamarac. “We strive to empower advisors to offer more actionable intelligence and develop more meaningful engagements with clients, and ultimately make their business not only more efficient, but more competitive.”

“Our team tested the platform extensively and unanimously decided on Envestnet | Tamarac. We appreciate the cloud-based approach and the many automated reporting capabilities,” added Joseph. “Everybody in our team sees the value that the new solution will bring internally and for our clients.”

FSA’s 14 employees provide active investment management and wealth advisory services in 40 states and manage more than $600 million in assets. Since 1982, FSA has built a reputation for reducing losses during sustained downward trends through its FSA Safety Net®, an exit strategy tool that captures its investment philosophy “Winning by not losing.”

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