Features & Benefits

Web-based, ASP Product

• No hardware or software requirements.
• Automatic and seamless upgrades.
• Access from anywhere - home office, on the road, at client locations.

Flexible Integration

• Multiple data sources. Data files can be uploaded into Tamarac from a wide variety of leading portfolio management systems.
• Integration with outsourced back office solutions such as:
  • eTelligent Solutions
  • Back Office Support Services
  • Orion Advisor Services

Customizable Platform

• Customizable defaults for easy account setup and maintenance.
• Customizable reporting.
• Customizable workflow with advanced filtering and account drill down.

Cash Capability

• Tamarac automatically creates or invests cash in the most advantageous way for the client based on risk, taxes and costs.
• Automatically raises cash in dollars or as a percentage of account value for fees or other purposes.
• Multiple cash reserve options including default and additional cash.
• Custom cash settings. Buy only to invest cash or sell only to raise cash.

Account Maintenance

• Restriction capability. Tamarac supports security or industry group restrictions at the individual account or family level. Securities can be eliminated or limited during the rebalancing process.
• Account overview and reporting. Tamarac provides multiple ways to oversee accounts for violations at the asset class or security level.
• Users can set up and maintain an unlimited number of models.
• Supports custom index replication at the individual account or family level.

Family of Accounts Functionality

• Group individual accounts together to create a Family of Accounts that are rebalanced and managed together toward one model.
• Create allocation preferences based on tax status, account type and account size to determine model allocations automatically.
• Manual allocation options can tailor to individual client needs.
• Reduces trading costs and enhances returns.

Security Universe

• Supports a wide variety of securities including stocks, bonds, mutual funds, ETFs, ADRs, preferreds and alternative investments.
• Full mutual fund functionality including tracking short-term redemption fees at both the broker/dealer and fund level.
• Security substitution capability. Tamarac automatically substitutes alternative securities when securities contained in client models are unavailable such as when mutual funds are temporarily closed.

Rebalancing and Trading

• Tamarac employs a proprietary, risk-based optimizer that allows advisors to better understand and manage the return differential of their client portfolios vs. their target model/asset allocations.
• Non-optimizer based rebalancing can cause unintended bets and greater volatility.
• Fully automated tax-aware management at the individual account level or across families of accounts.
• Tax loss harvesting. Tamarac automatically identifies tax lots that can be sold in the most tax-efficient manner for each account or across families of accounts.
• Multi-custodian electronic trade order generation. Tamarac automatically creates trade order files in the formats required by each custodian. With Tamarac there is no need to separate accounts by trading platform.
• Tamarac generates advisor specified trades when a complete rebalance is not required including linked trades and mutual fund swaps.

Asset Class Rebalancing

• Use ranks instead of goal weights to determine what is bought and sold in an account.
• Allows for legacy holdings and a gradual shift toward the preferred model securities.
• Equal ranks are prorated automatically.

Fee Tracking

• Tamarac tracks commissions, transaction fees on NTF mutual funds and short-term redemption fees at both the broker/dealer and fund levels.

Reporting

• Tamarac offers customizable reports that can be downloaded directly into Excel®, printed or saved in PDF format. Tamarac offers reports in both summary and detailed levels.
• Summary reports allow viewing across an advisor's entire account base at one time.
• Detailed reports offer a drill-down functionality providing extensive detail at the individual account or family level.
• Tamarac offers summary and detailed reports in the following broad categories:
  • Snapshot
  • Holdings
  • Compliance
  • Tax Impact

Filtering

• Holdings
• Cash
• Fees
• Restrictions
• Tax situation
• Tracking error

Speed

• Rebalance up to 1,000 accounts in 10 minutes*