Tamarac Advisor® Xi Suite Adds Straight-Through Processing of Trades directly from its trading application, Advisor Rebalancing®
CHICAGO, IL – January 19, 2017 – Envestnet | Tamarac has enhanced the level of integration between its Advisor Rebalancing® application (http://www.tamaracinc.com/advisor-rebalancing.aspx) 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 lets 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.”
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.
ABOUT TD AMERITRADE INSTITUTIONAL
TD Ameritrade Institutional is a leading provider of comprehensive brokerage and custody services to more than 5,000 fee-based, independent registered investment advisors (RIAs) and their clients. Our advanced technology platform, coupled with personal support from dedicated service teams, lets RIAs run their practices more efficiently and effectively while optimizing time with clients. TD Ameritrade Institutional is a division of TD Ameritrade, Inc., a subsidiary of TD Ameritrade Holding Corporation. Brokerage services provided by TD Ameritrade, Inc., member FINRA / SIPC.
Envestnet, Inc. (NYSE: ENV) is a leading provider of unified wealth management technology and services to financial enterprises and advisors. Our solutions unify and fortify the wealth management process, delivering unparalleled flexibility, accuracy, performance, and value. Envestnet enables the transformation of wealth management into a transparent, independent, objective, and fiduciary standard of care, and empowers enterprises and advisors to more fully understand their clients and deliver better outcomes.
Envestnet’s Advisor Suite enables financial advisors to better manage client outcomes and strengthen their practices. Institutional-quality research and advanced portfolio solutions are provided through Envestnet | PMC, our Portfolio Management Consultants group. Envestnet | Yodlee is a leading data aggregation and data analytics platform powering dynamic, personalized financial apps and services for millions of consumers. Envestnet | Tamarac provides leading rebalancing, reporting, and practice management software for advisors. Envestnet | Retirement Solutions provides retirement advisors with an integrated platform that combines leading practice management technology, research and due diligence, data aggregation, compliance tools, fiduciary solutions and intelligent managed account solutions.
More than 52,000 advisors and 2,500 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 Advisers, 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.