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Chicago, IL – February 10, 2016
Press Release

Envestnet ৷Tamarac Rolls Out Industry's First System-Integrated Percentage Ownership Capability

As Part of Latest Tech Update Release, Advisors can Create, Modify & Report on Percentage Ownership Accounts in Envestnet | Tamarac's Advisor View
Envestnet | Tamarac has implemented this year's first installment of technology updates to its Advisor Xi platform. These include the introduction of an innovative feature enabling advisors to create new accounts in the Advisor View portfolio management application that are populated with percentages of the assets in other accounts. These accounts can be customized and tracked in Advisor View, marking the first time that such a "percentage ownership" capability is available to advisors as a fully integrated component of a portfolio accounting system.

Video: Tamarac Percentage Ownership
A brief look at Tamarac's new Percentage Ownership feature

"We consistently look for ways to improve the user experience for advisors who rely on our platform—last year, we completed 665 technology enhancements," said Stuart DePina, Group President of Envestnet | Tamarac. "The percentage ownership feature, also born out of our dedication to continually making our technology better, breaks new ground in the wealth management industry. Advisors with these accounts no longer have to manually reconstruct and report ownership data or changes—they can accurately, and flexibly, capture and communicate all ownership percentages from within Advisor View."

When setting up percentage ownership accounts in Advisor View, advisors can set ownership splits at the account or security level, or a combination of both. Advisor View maintains a historical record of account splits, allowing advisors to adjust (and report on) ownership percentages over time from within the application. All Advisor View reporting options—including dynamic holdings reports, performance and transactional reports, and PDF reports—are available for these accounts once they have been created. Advisors can also upload reports about percentage ownership accounts to the Advisor View client portal.

This integrated feature has many practical uses for advisors. For example: "These new features will enhance the Advisor View reporting experience for families who use complex estate planning tools, such as family limited partnerships," said Bret Magpiong, Managing Director of Family Office Services at Aspiriant. "We can now include data related to the partial ownership of a family limited partnership in a family unit's reports—and do so at the transactional level, which will help us to better communicate the holistic view of the clients' assets and investment allocations."

In addition to Advisor View's new portfolio ownership feature, the application now offers composite reporting for specific categories of securities. Advisor Rebalancing and Advisor CRM—the other two components of Advisor Xi—have also undergone enhancements during Envestnet ৷Tamarac's latest round of tech updates. These include:

Advisor Rebalancing Advisor CRM
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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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