Machine Learning Authors: Pat Romanski, Yeshim Deniz, Liz McMillan, Elizabeth White, Zakia Bouachraoui

News Feed Item

Advisor View™ by Envestnet | Tamarac™ Is One of the Fastest Growing Portfolio Management and Client Engagement Applications for RIAs

More RIAs Are Leveraging Portfolio Management Solution to Engage Their Clients Online and Differentiate From Robo-Advisors

CHICAGO, Aug. 13, 2014 /PRNewswire/ -- Envestnet | Tamarac, a division of Envestnet, Inc. (NYSE: ENV) and a leading provider of integrated, web-based portfolio and client management software for independent advisors and wealth managers, reports record adoption of its portfolio management and client engagement application, Advisor View, among independent registered investment advisors (RIAs). More than 500 RIA firms are leveraging Advisor View's dynamic client management and reporting capabilities to deliver reporting and engage their clients online. Assets managed on Advisor View have more than doubled since the beginning of 2013, from $100 billion to over $280 billion in the second quarter of 2014.

Envestnet | Tamarac's web-based platform for independent RIAs, Advisor Xi(R), deeply unifies portfolio management, modeling, rebalancing, trading, billing and reporting with a client portal and enterprise-level client relationship management (CRM) system. For more information on Tamarac Advisor Xi, please visit: www.Envestnet.com/Tamarac

Advisor View is a web-based application that delivers dynamic reporting, comprehensive billing, and a branded end-client portal—all in an intuitive and modern user interface.  Advisor View can be purchased as a stand-alone application and is deeply integrated within the Envestnet | Tamarac Advisor Xi® portfolio and client management suite that also includes Advisor CRM and Advisor Rebalancing.

"RIA firms using Advisor View are differentiating their services from what the industry is calling 'robo-advisors' by utilizing the integrated client portal and mobile applications to provide their clients with a superior online experience," said Stuart DePina, Group President, Envestnet | Tamarac. "And because Advisor View is also deeply integrated with our Advisor Rebalancing and Advisor CRM applications, RIA firms benefit from the firm-wide efficiencies and scale that only our complete portfolio and client management platform, Advisor Xi, can deliver."

Advisor View is a powerful portfolio management solution, providing composite reporting, account analytics, alternative and fixed-income asset handling, and custodial integration for real-time account information, alerts, and documents. Envestnet | Tamarac will also release an iPad application for Advisor View in September that RIAs can brand and make available for their clients.

"Our practice has greatly benefited from Advisor View's dynamic reporting features, including the ability to produce quarterly reports without the time-intensive tasks of printing, collating, and mailing," said David H. Levy, CFP®, Vice President and Portfolio Manager, Kenjol Capital Management. "Our clients appreciate being able to report on held-away assets, including their 401(k) and variable annuity accounts, and thus gain valuable aggregated reporting capabilities across all of their accounts. We have seen strong client adoption of Advisor View's customizable dashboards and easy access to clearly presented reports, which has enabled us to foster better engagement with our clients and strengthen our business."

The Envestnet | Tamarac product offering has continued to be a primary growth engine for licensing revenue, as recently stated in Envestnet's Second Quarter 2014 Earnings Conference Call, Envestnet onboarded more than $21 billion in new client assets via conversions during the second quarter. Of this conversion activity, approximately $17 billion were with high-end RIA firms selecting Envestnet | Tamarac's Advisor Xi solutions. Tamarac continues to attract larger firms; in fact, seven of the firms converting in the second quarter were RIAs managing more than $1 billion each.

Envestnet, Inc. (NYSE: ENV) is a leading provider of unified wealth management technology and services to investment advisors. Our open-architecture platforms unify and fortify the wealth management process, delivering unparalleled flexibility, accuracy, performance, and value. Envestnet solutions enable the transformation of wealth management into a transparent, independent, objective, and fully-aligned standard of care, and empower advisors to deliver better outcomes.

Envestnet | Tamarac's web-based platform for independent RIAs, Advisor Xi®, deeply unifies portfolio management, modeling, rebalancing, trading, billing, and reporting with a client portal and enterprise-level client relationship management (CRM) system.

For more information on Tamarac Advisor Xi, please visit Envestnet | Tamarac and follow @TamaracInc.


Laura Simpson

Jennifer Connelly Public Relations

(973) 850-7319

[email protected]com

Logo - http://photos.prnewswire.com/prnh/20130919/MM83257LOGO

SOURCE Envestnet | Tamarac

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

CloudEXPO Stories
With more than 30 Kubernetes solutions in the marketplace, it's tempting to think Kubernetes and the vendor ecosystem has solved the problem of operationalizing containers at scale or of automatically managing the elasticity of the underlying infrastructure that these solutions need to be truly scalable. Far from it. There are at least six major pain points that companies experience when they try to deploy and run Kubernetes in their complex environments. In this presentation, the speaker will detail these pain points and explain how cloud can address them.
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-centric compute for the most data-intensive applications. Hyperconverged systems already in place can be revitalized with vendor-agnostic, PCIe-deployed, disaggregated approach to composable, maximizing the value of previous investments.
When building large, cloud-based applications that operate at a high scale, it's important to maintain a high availability and resilience to failures. In order to do that, you must be tolerant of failures, even in light of failures in other areas of your application. "Fly two mistakes high" is an old adage in the radio control airplane hobby. It means, fly high enough so that if you make a mistake, you can continue flying with room to still make mistakes. In his session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed how this same philosophy can be applied to highly scaled applications, and can dramatically increase your resilience to failure.
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by sharing information within the building and with outside city infrastructure via real time shared cloud capabilities.
As Cybric's Chief Technology Officer, Mike D. Kail is responsible for the strategic vision and technical direction of the platform. Prior to founding Cybric, Mike was Yahoo's CIO and SVP of Infrastructure, where he led the IT and Data Center functions for the company. He has more than 24 years of IT Operations experience with a focus on highly-scalable architectures.