Envestnet | Tamarac Announces PortfolioCenter Hosted® as Solution for Emerging RIAs
PortfolioCenter Hosted® delivers the trusted portfolio management software within a cloud-based offering. The offering allows firms to make their practices more efficient by leveraging Tamarac's service team to provide daily custodial downloads, while still allowing advisors to retain control over data reconciliation. As their practices grow, RIAs using PortfolioCenter Hosted® will have the option to seamlessly upgrade to industry-leading Tamarac Reporting, Trading and CRM without the need for data conversion – minimizing disruption to their firms.
"We are excited to help emerging RIAs build a foundation of scalable and streamlined business processes by combining the trusted PortfolioCenter software with Tamarac's experienced service team and offering it at an affordable price,"
PortfolioCenter Hosted® provides emerging practices with flexible client reports and billing options to help them demonstrate their firms' value to clients and receive timely payments.
"By bolstering these proven solutions with our leading onboarding, training and consulting services, we are dedicated to helping these emerging practices succeed and grow," Anderson said.
Reporting and billing flexibility allows PortfolioCenter Hosted® customers to communicate information in a way that helps their clients understand how their investments are being managed, and includes:
- Custom reporting through access to more than 70 standard client reports and 100 available report columns, providing flexibility to display the most relevant information
- Options to choose the look and feel, and level of detail, for individual reports – allowing RIAs to tailor reporting to each client's situation and communication preferences
- Custom branding, giving RIAs the ability to add their firms' individual logos
- Simplified distribution through the ability to prepare professional, multi-report packages, print in batches and create PDFs for electronic distribution and archiving
- Daily downloads from the custodians provided by the Tamarac service team, while the RIA retains control of their data reconciliation
Envestnet Wealth enables enterprises and advisors to better manage client outcomes and strengthen their practices through its leading Wealth Management Operating System and advanced portfolio solutions.
More than 99,000 advisors and more than 4,100 companies including: 17 of the 20 largest U.S. banks, 43 of the 50 largest wealth management and brokerage firms, over 500 of the largest Registered Investment Advisers, and hundreds of Internet services companies, leverage
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