Advisor View^™ by Envestnet | Tamarac^™ Is One of the Fastest Growing Portfolio Management and Client Engagement Applications for RIAs

More RIAs Are Leveraging Portfolio Management Solution to Engage Their Clients Online and Differentiate From Robo-Advisors

Envestnet | Tamarac^™ a division of Envestnet, Inc. (NYSE: ENV) and a leading provider of integrated, web-based portfolio and client management software for independent advisors and wealth managers, reports record adoption of its portfolio management and client engagement application, Advisor View^™, among independent registered investment advisors (RIAs). More than 500 RIA firms are leveraging Advisor View's dynamic client management and reporting capabilities to deliver reporting and engage their clients online. Assets managed on Advisor View have more than doubled since the beginning of 2013, from $100 billion to over $280 billion in the second quarter of 2014.

Advisor View is a web-based application that delivers dynamic reporting, comprehensive billing, and a branded end-client portal–all in an intuitive and modern user interface. Advisor View can be purchased as a stand-alone application and is deeply integrated within the Envestnet |Tamarac Advisor Xi^® portfolio and client management suite that also includes Advisor CRM^™ and Advisor Rebalancing^®.

"RIA firms using Advisor View are differentiating their services from what the industry is calling 'robo-advisors' by utilizing the integrated client portal and mobile applications to provide their clients with a superior online experience," said Stuart DePina, Group President, Envestnet | Tamarac. "And because Advisor View is also deeply integrated with our Advisor Rebalancing and Advisor CRM applications, RIA firms benefit from the firm-wide efficiencies and scale that only our complete portfolio and client management platform, Advisor Xi, can deliver."

Advisor View is a powerful portfolio management solution, providing composite reporting, account analytics, alternative and fixed-income asset handling, and custodial integration for real-time account information, alerts, and documents. Envestnet |Tamarac will also release an iPad application for Advisor View in September that RIAs can brand and make available for their clients.

"Our practice has greatly benefited from Advisor View's dynamic reporting features, including the ability to produce quarterly reports without the time-intensive tasks of printing, collating, and mailing," said David H. Levy, CFP^®, Vice President and Portfolio Manager, Kenjol Capital Management. "Our clients appreciate being able to report on held-away assets, including their 401(k) and variable annuity accounts, and thus gain valuable aggregated reporting capabilities across all of their accounts. We have seen strong client adoption of Advisor View's customizable dashboards and easy access to clearly presented reports, which has enabled us to foster better engagement with our clients and strengthen our business."

The Envestnet | Tamarac product offering has continued to be a primary growth engine for licensing revenue, as recently stated in Envestnet's Second Quarter 2014 Earnings Conference Call, Envestnet onboarded more than $21 billion in new client assets via conversions during the second quarter. Of this conversion activity, approximately $17 billion were with high-end RIA firms selecting Envestnet | Tamarac's Advisor Xi solutions. Tamarac continues to attract larger firms; in fact, seven of the firms converting in the second quarter were RIAs managing more than $1 billion each. More Press Releases Schedule a Demo