CHICAGO, Oct. 22, 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, has released an original study for Registered Investment
Advisors (RIAs) to use as a resource before, during and after the
implementation of new wealth management software.
The full white paper, including two RIA case studies, is
available on Tamarac's website:
http://www.tamaracinc.com/White-Papers.aspx
"Advisors' success depends on identifying the right technology
provider and laying the groundwork for a seamless implementation of
new products," said Stuart
DePina, Group President, Envestnet | Tamarac. "Our study
offers a step-by-step guide to choosing technology vendors and
products, and ensuring that the rollout of new software goes
smoothly."
The study provides a step-by-step checklist with attributes RIAs
should look for when evaluating potential technology vendors, such
as:
- Ensuring your vendor has always been in the cloud
- Understanding software add-on options and cross-product
integration capabilities
- As well as history of delivering scalability to practices of
the same size and a culture that values ongoing technical support
and education.
In addition, the white paper includes case studies demonstrating
the successful implementation of a unified wealth management
technology platform—Advisor® Xi,
(http://www.tamaracinc.com/Advisor.aspx) Envestnet |Tamarac's
web-based platform for independent RIAs.
Reaping the Rewards of Successful Implementation:
"We believe an open-architecture platform unifying portfolio
management, reporting, billing, rebalancing, and trading software
with an enterprise-level client relationship management system is
the best way for RIAs to experience long-term gains in efficiency
and profitability," said Mr. DePina. "Our paper's case
studies provide recent examples of how RIAs, which were struggling
to take on new clients prior to implementing Advisor Xi, now have
the scalability to help meet the needs of any client, no matter how
big or small."
"We didn't set out looking for a fully integrated technology
platform, but after seeing the demonstration of the entire Advisor
Xi offering, it was clear that this would benefit our firm so much
more than implementing just rebalancing software," said
Helen Modly, CFP, CPWA, Wealth
Manager and Executive Vice President at Focus Wealth Management,
Ltd.
ABOUT ENVESTNET | TAMARAC
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
https://twitter.com/TamaracInc.
CONTACT:
|
Laura
Simpson
|
|
JCPR
|
|
(973)
850-7319
|
|
lsimpson@jcprinc.com
|
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SOURCE Envestnet | Tamarac