CHICAGO, IL – April 24, 2019Press Release
Envestnet | Tamarac Bundles FIX Flyer’s Co-Pilot OMS to Advance Trading Capabilities
RIAs using Tamarac Trading with FIX Flyer gain enhanced trading capabilities, increased efficiencies and streamlined operations.Envestnet | Tamarac and FIX Flyer (www.fixflyer.com) announce a partnership to enhance trading capabilities for advisors currently using Tamarac Trading. Flyer’s Co-Pilot order management system (OMS) is now integrated with Tamarac using its open API. This partnership offers advisors an advanced solution for trading equities and mutual funds, accessing broker trading algorithms, connecting with brokers and allocating trades through Flyer’s Co-Pilot OMS.
“We are excited for this partnership with Flyer to offer advanced trading solutions to RIAs looking to improve their processes and better serve their clients,” said Andina Anderson, Executive Managing Director at Envestnet | Tamarac. “By partnering with the best tech solution companies in the wealth management industry, we are creating opportunities for RIAs to take advantage of our suite of technology solutions, with our open API structure, that best fits their business needs.”
With Co-Pilot’s capabilities integrated on Tamarac’s comprehensive platform, users will benefit from increased efficiencies and streamlined operations for RIAs managing accounts and trading on behalf of their clients. This enables trading with multiple custodians and brokers through a centralized OMS and Flyer Trading Network, an advanced, multi-asset trading network. Advisors will have enhanced order blocking and trade away capabilities, direct access to broker algorithms and fully integrated post-trade processing with an agile allocation engine.
“Tamarac has proven expertise in providing technology-driven solutions for RIAs,” said Bradley Kellogg, COO at Flyer. “We are delighted to be collaborating with Tamarac to strengthen its platform trading capabilities and improving the overall client’s end-to-end trading experience by automating manual trading steps.”
Co-Pilot is expected to be available to advisors on the Tamarac platform this summer. Tamarac customers interested in activating Flyer’s Co-Pilot OMS may learn more at the Tech Pavilion at this year’s Envestnet Advisor Summit® in Austin Texas on May 1-2, 2019. To learn more about the Advisor Summit, visit www.envestnet.com/advisorsummit/.
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