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Envestnet | Tamarac Introduces Enhanced Document Vault File-Storage System for its Award-Winning Client Portal

01/10/18 9:00 am EST

CHICAGO, Jan. 10, 2018 /PRNewswire/ -- Envestnet | Tamarac (www.tamaracinc.com) has introduced an enhanced document vault file-storage system that will make it easier and more secure for advisors to manage documents electronically and share them with clients and third parties, using the award-winning client portal within the Tamarac portfolio and client management platform.

Envestnet | Tamarac

The enhanced document vault is a secure cloud-based system for Registered Investment Advisors (RIAs), which offers an intuitive interface, robust security, and document sharing directly within the Tamarac platform, eliminating the need to engage a third-party vendor for file sharing. The document vault is one of the new features of the redesigned Tamarac platform introduced in November 2017. 

"What we heard from our customers is they wanted a file storage system that was even more flexible and powerful and allows them to seamlessly communicate with their clients," said Stuart DePina, president of Envestnet | Tamarac. "The enhanced document vault will help RIAs operate with greater efficiency and profitability while delivering a superior level of service to their clients."

A significant upgrade is the enhanced ability to easily manage folders and search for data. For example, advisors can more easily edit and sort documents into folders, tracking who made the changes and when they were made. The search function is also significantly enhanced, providing advisors with a stronger capability to quickly find specific information and to sort data using variables such as client versus household.  

The enhanced document vault includes a number of other major enhancements:

  • Capability to perform multiple downloads to facilitate response to varied state tax statutes.
  • Improved edit panel with broader capacity to edit document name and assign folder.
  • Enhanced ability to upload mass documents from third parties such as custodians.
  • Ability to preview the documents to prevent the need to download documents to multiple locations.
  • Unique user access-tracking function at the document version level (coming in February).
  • Ability to conveniently and securely view document vault "on the go" via mobile app.

About Envestnet

Envestnet, Inc. (NYSE: ENV) is a leading provider of intelligent systems for wealth management and financial wellness. Envestnet's unified technology enhances advisor productivity and strengthens the wealth management process. Envestnet empowers enterprises and advisors to more fully understand their clients and deliver better outcomes.

Envestnet enables financial advisors to better manage client outcomes and strengthen their practices. Institutional-quality research and advanced portfolio solutions are provided through Envestnet | PMC, our Portfolio Management Consultants group. Envestnet | Yodlee is a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services. Envestnet | Tamarac provides leading rebalancing, reporting, and practice management software for advisors. Envestnet | Retirement Solutions provides retirement advisors with an integrated platform that combines leading practice management technology, research and due diligence, data aggregation, compliance tools, fiduciary solutions and intelligent managed account solutions.

More than 59,000 advisors and 2,900 companies including: 16 of the 20 largest U.S. banks, 39 of the 50 largest wealth management and brokerage firms, over 500 of the largest Registered Investment Advisors, and hundreds of Internet services companies, leverage Envestnet technology and services. Envestnet solutions enhance knowledge of the client, accelerate client on-boarding, improve client digital experiences, and help drive better outcomes for enterprises, advisors, and their clients.

For more information about Envestnet | Tamarac, please visit www.tamaracinc.com and follow @TamaracInc.

Media Contact:
Jim Holland
Weber Shandwick
312.988.2037
jholland@webershandwick.com

 

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SOURCE Envestnet | Tamarac

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