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Tamarac Clients Exceed $1 Trillion in Collective Assets Managed

03/07/18 9:00 am EST

CHICAGO, March 7, 2018 /PRNewswire/ -- Envestnet | Tamarac (, 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

Envestnet | Tamarac (PRNewsfoto/Envestnet | Tamarac)

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.

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 and follow @TamaracInc.

Media Contact:
Jim Holland
Weber Shandwick


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SOURCE Envestnet | Tamarac

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