Firm Also Introduces New Interactive Reporting & Chart Tools, plus Enhancements for Management & Reporting of Alternatives, in Latest Technology Release
Envestnet | Tamarac has completely redesigned the client portal in its Advisor View™portfolio management and performance reporting application (http://www.tamaracinc.com/advisor-view.aspx). The new client portal will be implemented as part of Tamarac’s July 2016 technology release, and seeks to help RIAs create highly customizable client portal experiences to engage their clients and appeal to the next generation of investors. Its enhancements include:
“In today’s increasingly digital world, advisors need to leverage the latest in mobile technology to engage their clients and demonstrate the value they provide,” said Stuart DePina, Group President of Envestnet | Tamarac. “The enhancements to our client portal are designed to empower advisors to create a more interactive, personalized experience for their clients, in which data, insights, and notifications can be dynamically displayed and discussed—giving advisors a long-term competitive advantage.”
Envestnet | Tamarac also rolled out new features to make charts in Advisor View reports more compelling and interactive. Besides being able to leverage updated default colors that give report charts a more modern look, advisors can now zoom in and hover for quick access to data points, seamlessly print charts directly from their dashboards, and easily view details by placing the cursor over a category or data point.
These functionalities can be used in scatter charts as well as bar and pie charts, and a new option—the donut chart. Advisors can utilize these features to make charts more interactive in the following reports: Account Performance, Asset Allocation, Account Analytics, Bond Analysis, Capital Flows, Projected Income, and Summary.
Advisors can also add a tile on the Advisor View dashboard which monitors intraday changes in the values of holdings. This information can then be downloaded into the Holdings report, where it can be displayed under the new “Intraday Value Change ($)” column.
Enhancements to Improve Management & Reporting of Alternative Assets
In addition, Envestnet | Tamarac rolled out the first in a series of updates to enable better management and reporting of alternative assets in Advisor View, such as cost-basis tracking and estimated-value calculations. The enhancements also further streamline the workflows for managing alternative assets by providing:
“The enhanced reporting features in Advisor View allow advisors to provide more holistic portfolio management services and insights for their clients—and the capability to seamlessly offer intelligence on both traditional and alternative assets in a single report, and client portal, is key to strengthening client relationships,” said Mr. DePina. “As part of our ongoing platform technology releases, we will continue to roll out updates that streamline multiple workflows and foster greater levels of engagement with clients.”
The July 2016 technology release also includes updates to Advisor Rebalancing® and Advisor CRM®.
Envestnet | Tamarac consistently enhances all of the applications that comprise its integrated Advisor® Xi technology suite for independent RIAs, rolling out a new round of updates every 60 days.
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.
Envestnet | Yodlee is a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services. More than 950 companies, including 11 of the 20 largest U.S. banks and hundreds of Internet services companies, subscribe to the Envestnet | Yodlee platform to power personalized financial apps and services for millions of consumers. Envestnet | Yodlee solutions help transform the speed and delivery of financial innovation, improve digital customer experiences, and drive better outcomes for our clients and their customers.