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News Archive
Tamarac broadens portfolio rebalancing and trading platform features, automating more back-office processes for financial advisors
Web-based software adds post-trade reconciliation, trade approvals and account notes
Seattle, Washington, September 24, 2008
Tamarac Inc., the market leader in portfolio rebalancing and trading software, today announced three new portfolio management features to broaden its offering and continue its charter of delivering process efficiency and profitability to investment professionals.
The process of reconciling the previous day's trade orders with the trades that were actually executed is a labor intensive and time consuming task when done manually. Tamarac's new Reconciler™ functionality automates this, allowing advisors to fulfill their SEC mandated obligation in minutes, rather than hours.
"Tamarac has been focused on building out the most robust online rebalancing software solution available," says Stuart DePina, CEO of Tamarac. "No one has more experience in automating the rebalancing process for RIAs than we do. Now we are working to broaden our offering by looking at additional aspects of the portfolio management process that makes sense for our rebalancing and trading platform to address."
Tamarac has also added trade approvals to its software, enabling various user types on its system to conduct specific tasks - such as submitting trades or approving them. Additionally, Tamarac has added the ability to enter custom notes in accounts to maintain a history of account requirements and trading activity. These enhancements improve the efficiency of an advisors back-office while automating aspects of SEC compliance.
"Tamarac automates key areas of the trading process that the majority of firms are still addressing manually, which lead to large resource drains," says Matt Springer, President and founder of Tamarac. "Tamarac's system recommends trades based on advisor specified account settings, model portfolios and Tamarac's own logic engine. Trade recommendations are reviewed, edited and now approved by the advisor within Tamarac. The system outputs preformatted trade files and completes the process by reconciling the trades and generating an SEC compliance report."
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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