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Chicago, IL – August 13, 2014
Press Release

Advisor View by Envestnet | Tamarac Solutions Empower CliftonLarsonAllen Wealth Advisors to Streamline and Broaden Service Offerings

CLA Wealth Advisors Selects Tamarac's Advisor Xi® Suite as its Complete Portfolio and Client Management Platform
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 CliftonLarsonAllen Wealth Advisors, LLC (CLA Wealth Advisors) has selected Tamarac's unified technology platform to expand client offerings, streamline its operations, and position its practice for growth.

CLA Wealth Advisors, a wholly owned subsidiary of prominent professional services provider CliftonLarsonAllen LLP (CLA), recently signed a contract to replace its portfolio accounting and client relationship management (CRM) systems with Envestnet |Tamarac's Advisor View and Advisor CRM, respectively. These tools are part of Advisor Xi®, Tamarac's web-based platform for independent RIAs. CLA Wealth Advisors has relied on Advisor Rebalancing, another Advisor Xi offering, for the past five years, and decided to expand its relationship with Tamarac to support the firm's growth. CLA Wealth Advisors previously used three products from different vendors which were not integrated.

"The integration of the entire Advisor Xi platform will help make CLA Wealth Advisors' internal operations much more efficient, leading to tremendous productivity gains and expanding the services it can offer clients," said Stuart DePina, Group President, Envestnet | Tamarac. "We will continue to closely support CLA Wealth Advisors, delivering the innovative solutions and the integration it needs to meet its long-term practice and client service goals."

The capability to access fully integrated portfolio accounting, rebalancing, and CRM software from a single location saves the firm's advisors a great deal of time, enabling them to allocate more resources to serving their existing and prospective clients. In addition to utilizing Advisor Xi, CLA Wealth Advisors is also looking to capitalize on Envestnet |Tamarac's integration efforts with the broader Envestnet platform to leverage core offerings, including investment research, proposal generation, and access to portfolios and strategists through Envestnet.

"Our relationship with Envestnet |Tamarac gives us the opportunity to pick and choose from a wide variety of resources available from Envestnet, enabling us to provide our clients with a full suite of wealth advisory services," said Tony Hallada, CEO, CLA Wealth Advisors. “We needed a unified technology platform and infrastructure that can keep pace with our growth, and Tamarac provides this and so much more."

CLA will also benefit from Envestnet |Tamarac's integrated technology solutions because CLA Wealth Advisors' employees can now send portfolio accounting reports to their CPA colleagues electronically through Advisor Xi. Previously, they had to send accounting reports manually.

Full implementation of the Advisor Xi technology platform is expected to be complete in the first quarter of 2015.
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About CliftonLarsonAllen Wealth Advisors, LLC

CliftonLarsonAllen Wealth Advisors, LLC (CLA Wealth Advisors), an SEC-registered investment advisor, offers private wealth advisory services, including wealth management and investment planning; financial and retirement planning; estate, gift, and income tax planning; divorce financial planning; business succession planning; sell-side representation of mergers and acquisitions; insurance and risk management; employer-sponsored benefit plan design, compliance, and consulting; and investment consulting for endowments and foundations. The national wealth advisory practice consists of approximately 100 professionals who advise or consult on roughly $3.9 billion in total client assets. According to Accounting Today's 2013 “Wealth Magnets" report, CLA Wealth Advisors is ranked sixth in the billion dollar club based on assets under management (AUM). This publication reviews wealth managers affiliated with CPA firms.

CliftonLarsonAllen Wealth Advisors, LLC is a wholly owned subsidiary of CliftonLarsonAllen LLP. For more information visit

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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