CHICAGO, Oct. 20, 2016 /PRNewswire/ -- Envestnet |
Tamarac (www.envestnet.com/tamarac) has rolled out a two-way
integration with MoneyGuidePro® as part of its
October 2016 technology release. The
integration enables advisors and their clients to utilize
MoneyGuidePro's goals-based reporting tools through the Advisor
View™ application and its client portal.
Advisors can now view linked Households data from Advisor View
and Advisor CRM® in MoneyGuidePro, and MoneyGuidePro
data can be viewed on the Households page in Advisor View. They can
also add a tile to the client portal dashboard so clients can view
their MoneyGuidePro data and use it to assess the probability of
meeting their financial goals. In addition to easily importing and
exporting data between Advisor View and MoneyGuidePro, the
integration provides single-sign-on access to accounts in Advisor
View from MoneyGuidePro.
"To keep clients engaged in this evolving digital world, having
direct access to their financial plan and updates to their accounts
within a client portal is quickly becoming the must-have form of
client communication," said Stuart
DePina, President of Envestnet | Tamarac. "Our
technology updates and enhanced integrations offer advisors greater
flexibility to run their practices and add value to client accounts
and relationships."
Advisors can obtain more in-depth risk tolerance data by asking
clients to log into MoneyGuide from the Advisor View client portal
to fill out a self-evaluation, view and optimize the results, and
test the results against risks. MoneyGuide can then send the
self-evaluation to the advisor.
Advisors can also access goals-based financial planning tools in
Advisor View as part of Envestnet | Tamarac's ongoing integrations
with Envestnet | Logix and eMoney Advisor.
Other updates to Advisor View include:
- New Flexible Options for Date Periods: Advisors can now
use the inception date of a reporting group or account as the
starting date for the Specific Period range, and two new options
allow advisors to create rolling date periods.
- Capability to Report on Only Open Accounts: Full-service
enterprises can simplify performance reporting by eliminating
closed accounts from reports in Advisor View. The day after a
closed date for an account is entered, the account's holdings will
be transferred out as of the closed date and the transaction
information will no longer be tracked.
- New Bulk Reports for Capital Calls & Manual Security
Snapshots: Two new bulk reports make it easier for advisors to
report on and manage assets that require manual entry. The Account
Capital Calls Bulk Report enables advisors to quickly and easily
add multiple capital calls to accounts. The Manual Security
Snapshots Bulk Report allows advisors to update multiple snapshots
for accounts with manual securities simultaneously; the report
displays only accounts with manual securities, which can be
filtered by date or security criteria, and enables advisors to
track snapshot history so they can see who made modifications or
deleted snapshots.
- Linking of Service Team Information with Advisor CRM:
The level of integration between Advisor View and Advisor CRM has
been enhanced, with advisors now able to sync information about
Service Teams in both applications. If advisors maintain Service
Teams and Service Roles in Advisor View, updates will automatically
sync to Advisor CRM for linked Households, allowing advisors to
maintain a single source of record which saves time and increases
data accuracy.
- Enhanced Email Templates that can Blind Copy Service
Teams: Advisors can now add Service Team roles to the Blind
Copy Recipient(s) list on the Email page in Advisor View, depending
on which roles need to be aware of clients' activities. The Blind
Copy Recipient(s) list is also tailored specifically for each
template, so different roles can be blind copied for different
reports.
The October 2016 technology
release also includes updates to Advisor CRM and Advisor
Rebalancing®.
Advisor CRM
- Deeper Integration Between Advisor CRM & Advisor
View:
- Service Team information linked in Advisor View is available on
the Account and Financial Account records in Advisor CRM, as well
as two new records.
- The Team record in Advisor CRM corresponds to the Generic Users
record in Advisor View, enabling advisors to see email distribution
lists assigned to Service Teams. Meanwhile, The Service Team record
in Advisor CRM allows users to easily track all roles assigned to
Service Teams, as well as edit member information.
- Support for Microsoft Edge Browser:
- Envestnet | Tamarac has conducted extensive testing since the
release of Microsoft Windows 10, and has added Microsoft Edge to
the list of browsers supported by Advisor CRM and the entire
Advisor® Xi Suite.
- New Report Showing Beneficiary Data:
- A new report on the Reports menu displays beneficiary data for
selected households, and enables advisors to identify accounts
where no beneficiary is assigned.
- Advisors can select the new Requires Beneficiary checkbox in
records for financial accounts, trusts, and insurance planning
documents that need a beneficiary.
- This information makes it easier to prepare for meetings by
forcing advisors to ask important questions:
- "Have I had a conversation with my client about the importance
of beneficiaries?"
- "Is my client missing any beneficiaries? Do we need to go
through an estate planning review?"
- "Are the beneficiaries up-to-date? Did the client just
experience a recent life event that may require us to update their
beneficiaries?"
Advisor Rebalancing
- Negative Value Positions:
- Advisor Rebalancing can now support short positions, options,
and other holdings with negative values.
- Additional features have been implemented to help protect long
positions with corresponding negative value positions. These
features enable advisors to view a fuller and more accurate picture
of their clients' holdings.
- Two Features Added to Dashboard Widgets:
- Advisors now have the ability to set page links for some of the
widgets on the Advisor Rebalancing dashboard.
- Advisors can also view underlying accounts on some widgets
without having to navigate away from the dashboard.
- Enhanced Trade Files:
- A new Pershing trade file, Pershing EOD Mutual Fund
Orders, offers an additional option for trading mutual funds
with Pershing. When this file is assigned to an account in Account
Settings, advisors can specify if they wish to handle Dividend
Reinvestment and Capital Gains Reinvestment in either Cash or
Shares.
- Two Schwab trade files, Schwab Web Block Trading and
Schwab Allocation Web Trading, now support fractional
shares, making the trading and liquidating of these positions more
precise.
Envestnet | Tamarac consistently enhances all of the
applications that comprise its integrated Advisor Xi technology
suite for independent RIAs, rolling out a new round of updates
every 60 days. Tamarac RIAs can log
into the Support and Training Center for the full details on the
October technology release: https://support.tamaracinc.com/.
About Envestnet
Envestnet, Inc. (NYSE: ENV) is a
leading provider of unified wealth management technology and
services to investment advisors. Our open-architecture platforms
unify and fortify the wealth management process, delivering
unparalleled flexibility, accuracy, performance, and value.
Envestnet solutions enable the transformation of wealth management
into a transparent, independent, objective, and fully-aligned
standard of care, and empower advisors to deliver better
outcomes.
Envestnet | Tamarac's web-based platform for independent RIAs,
Advisor® Xi, deeply unifies portfolio management,
modeling, rebalancing, trading, billing, and reporting with a
client portal and enterprise-level client relationship management
(CRM) system.
Envestnet | Yodlee is a leading data aggregation and data
analytics platform powering dynamic, cloud-based innovation for
digital financial services. More than 1,000 companies, including 11
of the 20 largest U.S. banks and hundreds of Internet services
companies, subscribe to the Envestnet | Yodlee platform to power
personalized financial apps and services for millions of consumers.
Envestnet | Yodlee solutions help transform the speed and delivery
of financial innovation, improve digital customer experiences, and
drive better outcomes for our clients and their customers.
For more information about Envestnet | Tamarac's Advisor Xi,
please visit www.envestnet.com/tamarac or follow @TamaracInc
(https://twitter.com/TamaracInc).
Media Contact:
Dana Taormina
JConnelly
(973) 850-7305
dtaormina@jconnelly.com
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SOURCE Envestnet | Tamarac