Press Release

View printer-friendly version << Back

Envestnet | Tamarac Named 'Best-In-Class' Vendor by Aite Group

08/26/20 8:38 am EDT
Tamarac is the Only Vendor to Achieve a 'Best-In-Class' Rating for its Portfolio Management & Reporting Platform in Latest Aite Matrix Report

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

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/envestnet--tamarac-named-best-in-class-vendor-by-aite-group-301118585.html

SOURCE Envestnet | Tamarac

Information is current only as of the date(s) indicated on the materials. We do not have any current intention, and expressly disclaim any obligation, to supplement, update or revise any of the information in these documents. The information contained in these documents should be considered accurate only as of the date of the relevant document. This information may change over time; therefore, visitors to this web site should not assume that the information contained in these documents remains accurate at a later time. Envestnet, Inc.'s press releases, presentations and printed remarks are included on this website for historical purposes only.

Except for historical information and discussions, statements set forth throughout this web site may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 or other applicable laws. These statements involve a number of risks, uncertainties, and other factors that could cause actual results to differ materially, as discussed in the company's filings with the U.S. Securities and Exchange Commission.

Envestnet, Inc.'s financial performance is subject to risks and uncertainties, some of which are discussed in forward-looking statements contained in its reports filed with the U.S. Securities and Exchange Commission. Actual results may differ materially from those described in the forward-looking statements. The stock data above is presented for informational purposes only and is not intended for trading purposes. Stock information may be delayed and reflects stock splits. Historical investment performance is not an indication of future performance.

The information provided on the Investor Relations pages is hosted by a third party. Envestnet, Inc. does not control and is not responsible for any third party content and makes no representations as to the timeliness or accuracy of such content.