RightCapital and Envestnet | Tamarac announced a new integration. RIAs who use RightCapital to help their investor clients with financial and tax planning now will be able to pull in account information and holdings data daily using the Tamarac API, allowing advisors to work more efficiently and deliver real-time information to their clients.
RightCapital’s financial and tax planning software helps advisors create robust retirement plans using advanced Monte Carlo simulations, optimize Social Security, offer tax-efficient drawdown strategies and Roth conversions, and manage their clients’ tax liabilities, budgets and debt pay-off strategies. The new integration will help advisors save valuable time and streamline their workflows since the Tamarac data automatically will be updated daily within RightCapital’s platform.
Tamarac’s comprehensive technology platform combines portfolio management, reporting, billing, rebalancing and trading functionality with an engaging client portal and RIA-specific CRM. Leveraging its broad range of capabilities, Tamarac provides the flexibility to create end-to-end workflows, from client onboarding through quarter-end, that match the unique business processes of each independent advisory firm.
“We are very excited about our integration with Tamarac, an industry leading performance reporting and portfolio management system.” said Shuang Chen, co-founder and CEO at RightCapital. “We’re pleased that this integration will allow advisors to seamlessly connect our two platforms and get the most up-to-date information they need to create comprehensive financial plans for their clients.”
“As an open platform, Tamarac is always looking for ways to offer advisors the flexibility and support they need to automate their business processes through meaningful integrations,” said Stuart DePina, president of Envestnet | Tamarac. “We’re excited to introduce this integration with RightCapital to help advisors deliver data-driven insights and engage their clients in holistic discussions about their finances.”
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. More than 59,000 advisors and 2,900 companies including: 16 of the 20 largest U.S. banks, 38 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 www.tamaracinc.com.
After 15 years working with financial advisors, RightCapital co-founders Shuang Chen, CFA® and Song Chen recognized how complex many of the industry’s leading financial planning software systems have become over time. Founded in 2015, RightCapital was created with the goal of developing next generation financial planning software that advisors can use to simplify the financial planning experience for their clients with three main goals: an elegant, modern look and feel; interactive, easy to use tools that can be shared by advisors and clients; a rigorous and robust calculation engine that generates accurate results quickly. For more information visit, www.RightCapital.com.