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News Archive

Financial Advisor Partners Help Tamarac Inc. Develop Family Account Enhancement for Premier Rebalancing Software

Seattle, September 6, 2006 - Tamarac, Inc., the premier provider of robust, web-based rebalancing and trade order management systems for financial advisors, today announced that the firm has enhanced its Tamarac Advisor System to include significant new functionality for managing families and their underlying member accounts.

Actually developed with input from the financial advisor community, Richard Thomas, the chief executive of Tamarac, said, "given the genesis of this product, I don't think I'm overstating it when I say this is the most financial advisor-friendly product on the market. There is nothing off-the-shelf about it."

Thomas said the enhanced version of Tamarac Advisor includes new features to assist financial advisors in defining family asset location preferences that can then be applied across families of accounts.

According to Thomas, software developers at Tamarac worked directly with a select number of advisor clients "to obtain first-hand feedback so that we could deliver a more valuable asset location tool to our clients and ensure we provided the time-saving features that they needed, at a price they could afford."

Financial advisor Scott Whyte, AAMS® of Bloom Asset Management in Farmington Hills, MI participated in the system's family account modification process by providing implementation suggestions to the development team.

"Tamarac really took our comments to heart," Whyte acknowledged, "and they came back with a product that will make a dramatic impact in reducing the amount of time needed to enter and allocate client information for a family of accounts into the system for eventual trading."

Thomas said the family account enhancements were designed not only to allow advisors to manage families more efficiently, but to give their clients the added benefits of reduced trading costs and increased tax management through tax efficient asset location.

Bruce Barton, CFP® of Prialta Advisors in San Jose, CA, whose firm also offered input for the enhancement, is particularly impressed with the increased capabilities of Tamarac Advisor.

"The new feature allows us to rebalance across all of the taxable and qualified accounts within a client's household while making optimal asset location decisions, for example holding fixed income in qualified accounts, which allows us to control taxes, saving money for our clients and earn them extra return," stated Barton.

Tamarac's new software will also contribute to an advisor's ability to customize their portfolio. Settings can be overridden at the account level, giving advisors the ability to tailor their investment strategy to individual client needs.

In commenting on the announcement, Mark Spangler, chairman of Tamarac, called recent product enhancements "a clear reflection of our continuing commitment to developing the most financial advisor-friendly and cost-effective web-based portfolio management systems solution on the market. We intend to maintain that leadership position by staying close to our customers and acting on their recommendations."

Tamarac also announced that it will be exhibiting at the upcoming Schwab Impact 2006 Conference in Washington, D.C. from November 5 – 8. Tamarac's booth number is 229.

About Tamarac Inc.

Founded in 2000, Tamarac focuses on web-based portfolio rebalancing and trading software and consulting services for investment professionals that enable them to grow their business by automating critical portfolio management tasks. Tamarac is the leading portfolio rebalancing software provider with a collective client AUM in excess of $100 billion. Tamarac maintains over a 95% client renewal rate by working with each client to implement its technology and providing continuous support.

Tamarac is headquartered in Seattle, WA. Its website address is: http://www.tamaracinc.com


 
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