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Chicago, IL – August 13, 2014
Press Release

Beacon Pointe Advisors, one of the Nation's Largest Independent RIAs, Selects Envestnet | Tamarac Software and Service to Fuel Growth

Cutting-Edge Advisor Xi® Advisory Practice Management Platform Streamlines Operations
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, announces that Beacon Pointe Advisors, one of the largest independent registered investment advisors (RIAs) in the nation, has chosen Tamarac's Advisor Xi® product suite to integrate its operating systems and meet its long-term goals for practice growth.

Newport Beach, CA-based Beacon Pointe, which manages more than $7 billion in client assets in over 5,000 financial accounts, takes a holistic approach to wealth management in order to design portfolios meeting the unique needs of high-net-worth individuals and families, as well as institutional clients such as endowments and foundations. The firm was initially drawn to Envestnet |Tamarac's Advisor View portfolio reporting, client portal, and billing application, which is part of Advisor Xi, the firm's web-based platform for independent RIAs. However, after learning about the powerful capabilities of Advisor Xi's fully integrated system, Beacon Pointe chose to implement the entire suite.

"Advisor Xi's RIA platform provides firm-wide desktop and mobile access to client accounts and real-time data from a single location, which will bring tremendous benefits to Beacon Pointe's advisors and clients," said Stuart DePina, Group President, Envestnet | Tamarac. "We look forward to working with Beacon Pointe to help the firm deliver efficient client service and achieve its growth objectives."

Beacon Pointe has grown rapidly since its establishment in 2002, and now includes five affiliate firms. Its client base climbed by 30% over the four-year period ending December 31, 2013. As a result, the firm needed stronger and deeper technology integration to support its business.

Beacon Pointe is seeking to open an additional 35 offices across the nation through acquisitions and partnerships over the next ten years. The firm's previous technology providers could not deliver the necessary scalability to accommodate such an ambitious expansion. The integration of Envestnet | Tamarac's portfolio management, accounting, reporting, rebalancing, billing, and other applications, as well as an interactive client portal, within one system used throughout Beacon Pointe's divisions and affiliates enables its advisors to dedicate more time to servicing and communicating with clients, and allows newly acquired practices to quickly align with the firm's operations.

"Our advisors are excited to be able to provide high-quality and efficient client service from anywhere with the help of Envestnet |Tamarac's Advisor Xi," said Steven Beals, Director of Operations, Beacon Pointe Advisors. "Our relationship with Tamarac not only enhances our ability to quickly access real-time data, generate reports, and aggregate assets firm-wide, but also provides more meaningful client communication and prepares our organization to rapidly acquire and integrate new teams as we move forward with our expansion plans."
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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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