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Envestnet | Tamarac Clients Surpass $1.2 Trillion in Collective Assets Under Management

10/25/18 8:30 am EDT
Tamarac also announces more than 1,000 RIA firms now using its platform

CHICAGO, Oct. 25, 2018 /PRNewswire/ -- Envestnet | Tamarac (, a market leader providing best-in-class portfolio management, reporting, client portal, trading, and CRM software for advisors, announced that its clients' collective assets under management (AUM) exceeds $1.2 trillion. Tamarac also announced that more than 1,000 Registered Investment Advisor (RIA) firms now use its comprehensive wealth management platform.

Envestnet | Tamarac (PRNewsfoto/Envestnet | Tamarac)

"We are proud to serve so many firms working toward financial wellness for their clients, and will continue to implement new ways to improve efficiencies and the client experience through our platform," said Stuart DePina, President, Envestnet | Tamarac. "The investments we've made in listening to advisor needs and enhancing our platform have allowed us to maintain high performance standards and lay the groundwork for continued growth, including building a solid infrastructure to serve the next 1,000 clients and beyond."

Tamarac offers one of the most comprehensive technology platforms for RIAs, uniquely combining a wide range of portfolio and client management software solutions. These solutions work for firms of all sizes, including over 35 percent of all RIAs managing more than $1 billion in assets. With a modular and flexible open platform, Tamarac supports a large and growing list of third-party technology partners, and enables advisors to take advantage of whatever technology they need for their firms.

As a result of these technology integrations, rapid enhancements, superior support, and increased training and consulting efforts, Tamarac has maintained an over 97 percent renewal rate with its RIA clients, which includes established offices, emerging offices, and family offices.

 "At Pure Financial Advisors, we have seen growth of almost 200% since moving to the Tamarac platform. What is even more astonishing is that during this time we've only added one additional user," said Founding Member and Director of Trading and Investment Technology at Pure Financial Advisors, Benjamin Littman.

To support this level of growth, over the next 12 months Tamarac plans a series of platform enhancements that focus on scalability, data quality and overall site performance.

The award-winning Tamarac platform will be showcased at the upcoming Schwab IMPACT conference, on Oct. 28-31, 2018. Visit booth 571 to learn more about the platform and Tamarac's solutions for improving efficiencies and client experience for RIAs.

About Envestnet

Envestnet, Inc. (NYSE: ENV) is a leading provider of intelligent systems for wealth management and financial wellness. Envestnet's unified technology enhances advisor productivity and strengthens the wealth management process. Envestnet empowers enterprises and advisors to more fully understand their clients and deliver better outcomes.

Envestnet enables financial advisors to better manage client outcomes and strengthen their practices. Institutional-quality research and advanced portfolio solutions are provided through Envestnet | PMC, our Portfolio Management Consultants group. Envestnet | Yodlee is a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services. Envestnet | Tamarac provides leading rebalancing, reporting, and practice management software for advisors. Envestnet | Retirement Solutions provides retirement advisors with an integrated platform that combines leading practice management technology, research and due diligence, data aggregation, compliance tools, fiduciary solutions and intelligent managed account solutions.

More than 88,000 advisors and 3,500 companies including: 15 of the 20 largest U.S. banks, 43 of the 50 largest wealth management and brokerage firms, over 500 of the largest Registered Investment Advisors, and hundreds of Internet services companies, leverage Envestnet technology and services. Envestnet solutions enhance knowledge of the client, accelerate client on-boarding, improve client digital experiences, and help drive better outcomes for enterprises, advisors, and their clients.

For more information about Envestnet | Tamarac, please visit and follow @TamaracInc.

Media Contact:
Brooke Worden
Weber Shandwick


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SOURCE Envestnet | Tamarac

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