Tamarac Clients Exceed $1 Trillion in Collective Assets Managed

Envestnet | Tamarac (www.tamaracinc.com) a market leader providing best-in-class portfolio management, reporting, client portal, trading and CRM software for advisors, announced that its clients’ collective assets under management (AUM) has exceeded $1 trillion.

Tamarac is the most comprehensive solution for Registered Investment Advisors (RIAs) that uniquely combines best-in-class technology for a wide range of portfolio and client management software. The Tamarac solution is integrated and flexible, with an open platform that supports a large and growing list of third party technology partners and enables advisors to choose only the technology they desire.

The growth in AUM by RIA firms using Tamarac is a testament to the enhanced gains in efficiency that the technology and service can provide. While RIAs of all size use Tamarac, large and established RIAs with greater efficiency needs may be especially drawn to the platform’s capabilities. In fact, over one-third of RIAs managing more than $1 billion in assets use Tamarac. And thanks to Tamarac’s rapid enhancements and superior support, training and consulting, Tamarac maintains an over 97% renewal rate with its RIA clients.

“We’re well-positioned for growth because we’ve stayed true to our mission: enabling RIAs to operate with greater efficiency and profitability, while delivering a superior level of service to their clients,” said Stuart DePina, President, Envestnet | Tamarac. “The significant investments we’ve made in our technology will enable us to continue to respond to fast-changing industry trends and to expand our penetration even more in the growing RIA market.”

Tamarac recently introduced a completely redesigned version of its comprehensive portfolio and client management software solution for RIAs. In the past two months, Tamarac has introduced new platform features such as an enhanced document vault and a mobile app for iOS and Android users that provides access to the award-winning client portal.

Looking to the future, Tamarac will continue to enhance its platform with new features, including personal finance wellness tools, client prospecting and onboarding capabilities, advanced business intelligence analytics and reporting, and much more.

”The key to our success is enabling RIAs to cross the digital divide that separates firms resisting technology from those that use it to streamline their operations and enhance their value proposition with better, more holistic advice,” DePina commented.

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