CHICAGO, Sept. 15, 2020 /PRNewswire/ -- Envestnet, Inc.
(NYSE: ENV) announces that the Envestnet | Tamarac wealth
management platform has implemented an integration with Flourish
Cash, a cash management solution. Account data from Flourish Cash
can now be accessed and imported by registered investment advisers
(RIAs) within Tamarac, further expanding the advice they can
Flourish Cash is the only cash management solution built from
the ground up for the clients of independent advisors. Serving as a
complement to clients' existing bank accounts, Flourish Cash
provides clients with a competitive interest rate and more Federal
Deposit Insurance Corp. (FDIC) insurance than a bank account—all
within a beautiful, easy-to-use online account with no minimums and
Flourish Cash provides advisors with an exclusive,
invitation-only product, designed to help advisors provide more
value to existing clients while leveraging Flourish Cash to help
win prospects—and even generate referrals from a built-in referral
engine. Advisors can also feature their logo across the website and
materials, and can set up standing instructions to help clients
transfer funds between clients' portfolios and Flourish Cash
accounts—all at no cost to their practices. For more information,
please visit https://www.flourish.com/learn/advisors.
With this new integration, advisors can now help clients set up
Flourish Cash accounts to meet budgeting goals within the Tamarac
platform, and clients can monitor these accounts in real time
through Tamarac's client portal.
"Our integration with Flourish Cash furthers our mission to
empower advisors to provide advice that can improve outcomes in all
areas of a client's financial life," said Andina Anderson, Executive Managing Director of
Envestnet | Tamarac. "We continue to enhance the Tamarac
Suite so that advisors have a broad spectrum of tools to help
clients achieve financial wellness."
The data feed between Tamarac and Flourish Cash was implemented
in August 2020 as part of the latest
set of bimonthly Tamarac Suite updates, which also includes
enhancements to Tamarac Reporting® and Tamarac
- Greater consistency in Holdings and Asset Allocation
- More consistent calculations of time series composites.
- More condensed and comprehensive billing statements.
- New options for better controlling the image quality of PDF
- New settings and options in Rebalance Summary PDF reports.
- Improvements to Restriction Override workflow.
- New Pershing Equity Trading independent broker-dealer trade
- Broker saved-search filters for equities and mutual funds for
Tamarac users in Flyer's Co-Pilot order management system, made
possible through the expanded integration announced earlier this
To schedule a Tamarac Suite demo, please visit
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
For more information on Envestnet | Tamarac, please visit
www.tamaracinc.com and follow us on Twitter (@ENVTamarac) and
Flourish Cash and Envestnet are separate and unaffiliated firms,
and are not responsible for each other's services or policies. This
release should not be construed as a recommendation or endorsement
of any particular product, service, or firm.
JConnelly for Envestnet
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SOURCE Envestnet, Inc.