CHICAGO, Aug. 26, 2020 /PRNewswire/ -- Envestnet,
Inc. (NYSE: ENV) announces that Envestnet
| Tamarac (Tamarac) has been named a "Best-In-Class" portfolio
management and reporting system vendor in Aite Group's most recent
industry impact report, published in August
2020.
The study evaluated technology providers to registered
investment advisers (RIAs) in accordance with the Aite Matrix, a
proprietary Aite Group vendor assessment framework which focuses on
vendor stability, client strength, product features, and client
service. The Aite Matrix impact report compares and contrasts
leading vendor offerings and strategies to help RIAs select the
ideal portfolio management and reporting solutions for meeting the
changing needs of their clients.
"Tamarac was the only provider ranked 'Best-In-Class' in the
Aite Matrix report. One of the major contributors to that ranking
was the feedback we received from its clients," said
Greg O'Gara, Senior Analyst in
Aite Group's Wealth Management practice. "Tamarac clients
unequivocally stated they would recommend Tamarac to others, select
Tamarac again on renewal, and were enthusiastic about the firm's
long-term strategic vision and strength. That was unique among
providers in this research."
The report states that Tamarac achieved a high score in all Aite
Matrix categories, noting, "Many clients cite the fact that the
Tamarac applications are well integrated and all work seamlessly."
Additional excerpts from the Aite Matrix study include:
- "Tamarac scores well in vendor strength due to its stability
and client strength—a measure of its overall long-term business
viability as a product and service provider."
- "The combination of client service and robust product features
gives Tamarac the highest score in product performance, making it a
best-in-class provider."
To read more of the report, "Aite Matrix: RIA Portfolio
Management and Reporting Systems," please visit
https://www.tamaracinc.com/_MediaMaster/_Media_2017/PDF/Aite-Matrix-Advisor-Portfolio-Management-and-Reporting-Systems.pdf.
"We are honored to receive such glowing praise for our unified
platform and our support infrastructure from the RIAs we serve,"
said Andina Anderson, Executive
Managing Director of Envestnet | Tamarac. "We continue to
enhance our goals-based financial planning and data aggregation
capabilities—as well as our core reporting, trading, and CRM
applications—to give advisors a fuller picture of every client's
held and held-away assets. Now more than ever, these comprehensive,
holistic insights are vital for helping clients navigate uncertain
market conditions along the journey to financial wellness."
Additional wealth management industry insights from Aite Group
are available at
https://www.aitegroup.com/research/wealth-management.
About Envestnet
Envestnet, Inc. (NYSE: ENV) is transforming the way financial
advice and wellness are delivered. Our mission is to empower
advisors and financial service providers with innovative
technology, solutions, and intelligence to make financial wellness
a reality for everyone. Over 103,000 advisors across more than
4,900 companies including 16 of the 20 largest U.S. banks, 46 of
the 50 largest wealth management and brokerage firms, over 500 of
the largest RIAs, and hundreds of FinTech companies, leverage the
Envestnet platform to grow their businesses and client
relationships.
For more information on Envestnet, please visit
www.envestnet.com, subscribe to our blog, and follow us on Twitter
(@ENVintel) and LinkedIn. For more information on Envestnet
| Tamarac, please visit www.tamaracinc.com and follow us on
Twitter (@ENVTamarac) and LinkedIn.
Media Contact
Dana Taormina
JConnelly for Envestnet
973.647.4626
envestnetpr@jconnelly.com
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SOURCE Envestnet | Tamarac