Highlights from Final Day of Conference
SEATTLE – September 20, 2012 – Envestnet | Tamarac™, a division of Envestnet, Inc. (NYSE: ENV), a leading provider of integrated web-based portfolio and client management software for independent advisors and wealth managers, concluded its sixth annual User Conference, held at the Bell Harbor International Conference Center in Seattle, today. The Tamarac User Conference provided advisors with an outstanding opportunity to learn about the latest trends, technologies and best practices that may influence the future growth of their businesses. The conference has experienced steady year-over-year growth with this year’s more than 300 attendees representing the largest turnout to date.
Among the popular sessions of the conference was a panel on the final morning, which featured top executives from some of the largest custodians. The panel consisting of Shannon Porro, VP Technology and Operations Consulting, Fidelity Institutional Wealth Services; Patrick Hennessey, Senior Consultant Technology & Business Operations, Schwab Advisor Services; Christopher Valleley, Director Technology Solutions, TD Ameritrade Institutional and Julie Harrington, Director Business Development and Relationship Management, Pershing Advisor Solutions addressed a number of the most pressing topics affecting RIAs. The executives discussed custodial integration, investments in technology, regulation and other areas aimed help registered investment advisors (RIAs) grow their practices, as well as trends in investing–including products such as separately managed accounts (SMAs), unified managed accounts (UMAs) and fixed-income vehicles.
“This conference embodies our commitment to RIAs — to provide best-in-class software combined with the education necessary to ensure that they are using our product suite to maximize efficiency and increase productivity in their practices” said Stuart DePina, Group President, Envestnet | Tamarac. “Every year, we listen to our advisors and develop our conference program based on their feedback. This year, that led us to include a practice management track.”
While previous years’ conferences were strictly devoted to helping advisors make better use of the Tamarac suite of products, for 2012 a program track, focused on a range of practice management topics, aimed to provide advisory firm principals with additional education and insights was added.
Within the practice management track, a session on emerging trends in portfolio construction drew upon the expertise of Tim Clift, managing director and Chief Investment Strategist for Envestnet | PMC®. Another session featured Envestnet | Prima’s Group President J. Gibson “Gib” Watson, who talked about the challenges in finding fixed-income solutions and best practices in wealth management. A panel on mergers and acquisitions featured executives from industry-leading firms HighTower, United Capital and Focus Financial, who discussed what they look for in potential merger partners.
“This is without a doubt the most successful Tamarac user conference to date. By delivering both software training that will greatly enhance the operational productivity of RIAs, along with the addition of our practice management track, we are confident that attendees will walk away with the tools and insights to help transform their practices,” said Stuart DePina. “With the merger of Tamarac into Envestnet, we are able to draw on the intellectual capital available in other divisions of the company and deliver a truly unique educational experience.”
About Envestnet (NYSE: ENV)
Envestnet, Inc. is a leading provider of integrated wealth management software and services to financial advisors. Envestnet’s Advisor Suite® software empowers advisors to better manage client outcomes and strengthen their practice. Envestnet offers advanced portfolio solutions through its Portfolio Management Consultants group (“PMC”). Envestnet Reporting Solutions gives advisors an in-depth view of clients’ aggregated investments, empowering holistic, personalized advice. Envestnet is headquartered in Chicago with offices in Boston, Charlotte, Denver, New York, Sunnyvale, and Trivandrum, India. The firm has over $127 billion in total assets served and more than 909,000 investor accounts.*
For more information on Envestnet, Inc. please visit www.envestnet.com. For more information on Envestnet | Tamarac, please visit www.tamaracinc.com