CHICAGO, Sept. 10, 2014 /PRNewswire/ -- Envestnet |
Tamarac™, a division of Envestnet, Inc. (NYSE: ENV) and a leading
provider of integrated, web-based portfolio and client management
software for independent advisors and wealth managers, announces
that CliftonLarsonAllen Wealth Advisors, LLC (CLA Wealth Advisors)
has selected Tamarac's unified technology platform to expand client
offerings, streamline its operations, and position its practice for
growth.
CLA Wealth Advisors, a wholly owned subsidiary of prominent
professional services provider CliftonLarsonAllen LLP (CLA),
recently signed a contract to replace its portfolio accounting and
client relationship management (CRM) systems with Envestnet
|Tamarac's Advisor View™ and Advisor CRM™,
respectively. These tools are part of Advisor Xi®,
Tamarac's web-based platform for independent RIAs. CLA Wealth
Advisors has relied on Advisor Rebalancing™, another
Advisor Xi offering, for the past five years, and decided to expand
its relationship with Tamarac to support the firm's growth. CLA
Wealth Advisors previously used three products from different
vendors which were not integrated.
"The integration of the entire Advisor Xi platform will help
make CLA Wealth Advisors' internal operations much more efficient,
leading to tremendous productivity gains and expanding the services
it can offer clients," said Stuart
DePina, Group President, Envestnet | Tamarac. "We will
continue to closely support CLA Wealth Advisors, delivering the
innovative solutions and the integration it needs to meet its
long-term practice and client service goals."
The capability to access fully integrated portfolio accounting,
rebalancing, and CRM software from a single location saves the
firm's advisors a great deal of time, enabling them to allocate
more resources to serving their existing and prospective clients.
In addition to utilizing Advisor Xi, CLA Wealth Advisors is also
looking to capitalize on Envestnet |Tamarac's integration efforts
with the broader Envestnet platform to leverage core offerings,
including investment research, proposal generation, and access to
portfolios and strategists through Envestnet.
"Our relationship with Envestnet |Tamarac gives us the
opportunity to pick and choose from a wide variety of resources
available from Envestnet, enabling us to provide our clients with a
full suite of wealth advisory services," said Tony Hallada, CEO, CLA Wealth Advisors. "We
needed a unified technology platform and infrastructure that can
keep pace with our growth, and Tamarac provides this and so much
more."
CLA will also benefit from Envestnet |Tamarac's integrated
technology solutions because CLA Wealth Advisors' employees can now
send portfolio accounting reports to their CPA colleagues
electronically through Advisor Xi. Previously, they had to send
accounting reports manually.
Full implementation of the Advisor Xi technology platform is
expected to be complete in the first quarter of 2015.
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.
For more information on Tamarac Advisor Xi, please visit
www.Envestnet.com/Tamarac and follow @TamaracInc.
ABOUT CLIFTONLARSONALLEN WEALTH ADVISORS, LLC
CliftonLarsonAllen Wealth Advisors, LLC (CLA Wealth Advisors), an
SEC-registered investment advisor, offers private wealth advisory
services, including wealth management and investment planning;
financial and retirement planning; estate, gift, and income tax
planning; divorce financial planning; business succession planning;
sell-side representation of mergers and acquisitions; insurance and
risk management; employer-sponsored benefit plan design,
compliance, and consulting; and investment consulting for
endowments and foundations. The national wealth advisory practice
consists of approximately 100 professionals who advise or consult
on roughly $3.9 billion in total
client assets. According to Accounting Today's 2013 "Wealth
Magnets" report, CLA Wealth Advisors is ranked sixth in the billion
dollar club based on assets under management (AUM). This
publication reviews wealth managers affiliated with CPA firms.
CliftonLarsonAllen Wealth Advisors, LLC is a wholly owned
subsidiary of CliftonLarsonAllen LLP. For more information visit
CLAconnect.com/privateclient.
CONTACT:
Laura Simpson
JCPR
(973) 850-7319
lsimpson@jcprinc.com
Logo -
http://photos.prnewswire.com/prnh/20130919/MM83257LOGO
SOURCE Envestnet | Tamarac