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News Archive
Tamarac's exceeds $100 billion in client assets under management
Client AUM grows from $12 billion to over $100 billion in 18 months
Seattle, Washington, September 24, 2008
Tamarac Inc., the market leader in portfolio rebalancing and trading software for investment professionals, today announced that its clients' collective assets under management (AUM) has exceeded $100 billion.
Tamarac has experienced strong adoption of its web-based software within multiple segments of the registered investment advisor (RIA) market.
"Especially in today's market, advisors are looking for ways to increase their efficiency in portfolio management to deliver a higher quality service to their clients as well as methods which increase the profitability of their practice," said Stuart DePina, CEO of Tamarac. "More Advisors are learning that Tamarac provides a solution to accomplish both of these goals, which is why our clients' AUM has grown from $12 billion to over $100 billion in the last eighteen months."
Tamarac also announced the completion of numerous capital improvements which positions the company to support further growth initiatives. One such initiative is the addition of redundant systems in a top tier co-location facility which provides Tamarac clients with a complete backup of their data in two world-class data centers with carrier-class network access, redundant paths to the Internet, uninterruptible power and robust disaster recovery capability.
"We've made significant capital investments in the last several months to support our current clients and our projected growth" DePina added. "As a true Software as a Service (SaaS) provider, our web-based application delivers enterprise level security, redundancy and performance that far exceed what the typical advisory practice would maintain for their locally hosted software."
Tamarac clients have enjoyed the ability of rebalancing thousands of accounts and households in minutes. Now, after investing in upgrades to the software's throughput, Tamarac clients are experiencing a four to eight times performance improvement, enabling them to monitor and trade across thousands of accounts in even less time.
"The level of service we offer, both in the customer support and in the performance of our software, is our first priority," says Matt Springer, president and founder of Tamarac. "We are very pleased with the increased adoption of our software and we're committed to further improving upon our systems' performance while we grow our client base."
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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