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Chicago, IL – March 12, 2014
Press Release

Envestnet | Tamarac Provides RIAs With Scale Necessary To Expand Through Acquisitions

Custodian-Agnostic Platform and Unified, Web-Based Technology Bolster Firms Relying on Acquisitions for Growth
Envestnet | Tamarac, a division of Envestnet, Inc. (NYSE: ENV), a leading provider of integrated, web-based portfolio and client management software for independent advisors, announces that firms such as Wealth Enhancement Group (WEG), which incorporate acquisitions as part of their engine for growth, are utilizing Tamarac's Advisor Xi® platform to scale their operations and ease consolidation among firms.

"Consolidators and independent advisory networks have become critical drivers of growth in the RIA universe, with varying business models designed to provide advisors with a network of solutions to support their growth," said Stuart DePina, Group President, Envestnet | Tamarac. "In addition to household names such as Dynasty Financial Partners and Focus Financial Partners - all of which have RIAs leveraging our Advisor Xi platform - there is a growing trend whereby established RIA firms are adopting a growth-through-acquisition strategy. The progress these growing, but just as capable, firms are making with our technology to help manage relationships with multiple custodians and build scale is further validation that we are well-positioned to meet their needs as they set out to easily absorb new acquisitions."

WEG, for instance, utilizes a business model that is selective about acquiring and integrating other businesses and working seamlessly with multiple custodians. By leveraging Envestnet | Tamarac's Advisor Rebalancing® tool since 2010, WEG has been able to standardize and streamline its portfolio management, rebalancing and trading processes. Advisor Rebalancing outputs preformatted trade files for accounts when integrated with the platforms of WEG's custodians, including Schwab, Raymond James and LPL Financial.

Advisor Rebalancing is part of Advisor Xi, Tamarac's custodian-agnostic, web-based platform designed to deeply integrate portfolio management, billing, rebalancing, trading and performance reporting software with an enterprise-level client relationship management (CRM) system and an online client portal.

"Using Advisor Rebalancer, Wealth Enhancement Group [through its subsidiaries] is able to manage client portfolios more efficiently by managing model portfolios, monitoring thousands of client investment accounts on a daily basis for drift or any custom trading triggers, and executing tactical moves in minutes," says Ken Severud, COO of Wealth Enhancement Group. "Now that we can output preformatted trade files for LPL Financial, our trading efficiencies can be applied to our relationship with LPL."
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About Envestnet

Envestnet, Inc. (NYSE: ENV) is a leading provider of intelligent systems for wealth management and financial wellness. Envestnet’s unified technology enhances advisor productivity and strengthens the wealth management process. Envestnet empowers enterprises and advisors to more fully understand their clients and deliver better outcomes.

Envestnet 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, cloud-based innovation for digital financial services. 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 88,000 advisors and 3,500 companies including: 15 of the 20 largest U.S. banks, 43 of the 50 largest wealth management and brokerage firms, over 500 of the largest Registered Investment Advisors, 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.

For more information about Envestnet | Tamarac, please visit and follow @TamaracInc.
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