Hyper Efficiency: Integrating CRM and Performance Reporting

November 14, 2012 No Comments »

Envestnet | Tamarac™ Integrates Performance Reporting and CRM with Schwab Openview Gateway™

Central, Secure, System to Access Critical Client Data Reaffirms Commitment to Empowering Advisors with the Technologies to Make their Practices More Efficient and Profitable

Chicago – Envestnet | Tamarac™, a leading provider of integrated web-based portfolio and client management software for independent advisors and wealth managers, has announced a collaboration with Schwab Intelligent Technologies™ to provide an integrated data and reporting solution for advisors using Schwab OpenView GateWay and Envestnet | Tamarac’s Advisor Xi Suite.

Through this integration, advisors who custody with Schwab can securely access custodial data in real-time from Tamarac’s performance reporting and billing application, Advisor View™, as well its client relationship management system, Advisor CRM®. By utilizing this integration, advisors will be able to serve their clients from an integrated system with a single sign-on, driving greater efficiencies while improving responsiveness. Integrated custodial information includes account and contact information, balance data, alerts, and reports such as statements, tax documents and trade confirmations.

“Envestnet is deeply committed to enhancing and expanding the development of Tamarac’s platform. Together we are creating technologies and working with custodians to empower advisors to build their practice management capabilities and focus on the needs of their clients,” said Stuart DePina, Group President, Envestnet|Tamarac. “This integration allows both advisors and their clients to spend less time searching for the information and enjoy a seamless experience. By opening a single program, advisors can now see the most pertinent client information and action items in one place.”

“Envestnet|Tamarac is truly making account administration more efficient with this integration and our client service and operations teams couldn’t be more pleased,” said Troy Waters, Managing Director, HoyleCohen. “With access to real-time account data, alerts and electronic statements at our fingertips, our advisors have the information they need, without having to leave their current applications used for regular client management or portfolio management business processes.”

About Envestnet (NYSE: ENV)

Envestnet, Inc. is a leading provider of technology-enabled wealth management solutions to investment 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, Envestnet | PMC®. Envestnet | Tamarac provides leading rebalancing, reporting and practice management software. Envestnet | Prima provides institutional-quality research and due diligence on investment and fund managers. Envestnet | Vantage™ gives advisors an in-depth view of clients’ investments, empowering them to give holistic, personalized advice.

For more information on Envestnet, Inc. please visit www.envestnet.com.
For more information on Envestnet | Tamarac, please visit www.tamaracinc.com

About Scwhab Advisor Services

Schwab Advisor Services provides custody and trading, as well as technology and other support services to independent investment advisors. It includes the custody, trading and related support services of Charles Schwab & Co., Inc. (“CS&Co”), a registered broker-dealer and member SIPC. It also includes the technology and related products and services of Schwab Intelligent Technologies (“SIT”) and Schwab Performance Technologies (“SPT”). CS&Co and SIT and SPT are affiliated as separate subsidiaries of The Charles Schwab Corporation, but their respective products and services are independent of each other.

Participating providers are independent companies that are not affiliated with Schwab or any of its affiliates. Participation in the Schwab OpenView Gateway is not a recommendation or endorsement of, or referral to, the participant by Schwab Intelligent Technologies or any of its affiliates.

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