Envestnet | Tamarac has enhanced the level of integration between its Advisor Rebalancing® application (www.tamaracinc.com) and TD Ameritrade Institutional’s Veo® custody platform, enabling advisors to submit trades directly to TD Ameritrade for straight-through processing from within Advisor Rebalancing. Advisors can also view real-time account values and cash balances from TD Ameritrade in Tamarac’s portfolio accounting and reporting application, Advisor View™.
The updates, which were rolled out as part of Envestnet | Tamarac’s December 2016 technology release, also let advisors view real-time account values and cash balances from TD Ameritrade Institutional in Advisor Rebalancing.
“We continue to strengthen our integrations with multiple custodial platforms to streamline trading and rebalancing for as many advisory practices as possible,” said Stuart DePina, Group President of Envestnet | Tamarac. “TD Ameritrade Institutional is committed to open architecture, deeper integrations and a collaborative approach. Straight-through processing and real-time data feeds from Veo saves advisors time, enabling them to spend more time engaging with their clients and demonstrating their value to clients.”
SCALE AND CLIENT EXPERIENCE
Earlier in 2016, Envestnet | Tamarac enhanced its level of integration with TD Ameritrade Institutional’s Veo platform, giving advisors the capability to set Veo as the data source for holdings, transactions and Unrealized Gains/Losses reports in the Advisor View™ portfolio management and performance reporting application. Tamarac has implemented similar integrations with other custodial platforms.
“Giving advisors access to enhanced integrations is an essential part of TD Ameritrade Institutional’s strategy to help advisors get the most out their technology,” said Jon Patullo, Managing Director of Technology Solutions at TD Ameritrade Institutional. “The collaboration between Veo and Envestnet | Tamarac shows how two great technologies can come together to help advisors efficiently increase scale and drive a superior client experience.”
“The enhanced integration with TD Ameritrade Institutional, along with ongoing updates to Envestnet | Tamarac, make it possible for us to handle almost all of our workflows and track down the data we need from within the Tamarac ecosystem,” said Ben Littman, Director of Trading at Pure Financial Advisors. “Tamarac acts as a trusted partner that facilitates scalable growth, and gives us the freedom to provide our clients with an efficient and personalized wealth management experience.”
Envestnet | Tamarac consistently enhances Advisor Rebalancing and the other applications that comprise its integrated Advisor® Xi technology suite for independent RIAs, rolling out a new round of updates every 60 days. For more information about Envestnet | Tamarac’s Advisor Xi, visit www.envestnet.com/tamarac.