Envestnet | Tamarac Provides Ongoing Platform Support and Upgrade Options for PortfolioCenter Users as Part of Announced Acquisition

Users are welcome to stay on PortfolioCenter and have the option to add Tamarac’s award-winning portfolio management application for up to two years at no additional cost

Envestnet | Tamarac has announced details of the options available to independent registered investment advisers (RIAs) currently using PortfolioCenter, with the close of their acquisition of PortfolioCenter. Current PortfolioCenter firms will be able to continue using PortfolioCenter with the opportunity to integrate additional Tamarac services into their systems to create a more holistic view of their clients’ financial wellness. Because Tamarac already utilizes PortfolioCenter as the underlying portfolio accounting database, firms can choose to add Tamarac Reporting without the need for a data conversion, which means no disruption to a firm’s business.

PortfolioCenter users can add Tamarac Reporting for up to two years at no additional cost with as little as a three-year contract for firms who choose to add the award-winning platform to their technology stack. Tamarac Reporting gives firms the tools to significantly enhance their offering through portfolio management, reporting, billing, client portal, and more, all while retaining complete control over their PortfolioCenter database.

“We look forward to supporting all PortfolioCenter users who want to continue using their trusted PortfolioCenter data, as well as those looking to enhance the services they provide by using Tamarac’s platform to provide a holistic view of financial wellness,” said Andina Anderson, Executive Managing Director of Envestnet | Tamarac. “We’ve already heard from more than 500 firms that want to remain with PortfolioCenter and are interested in adding Tamarac Reporting. We’re excited to deliver them the same level of PortfolioCenter support they have come to rely on, while bringing elevated, best-in-class reporting insights through the Tamarac platform. We know advisors will find great value in leveraging these tools together to access data that is more meaningful, accessible, and understandable.”

“As a firm, it is always our primary goal to provide an exceptional experience to our clients and we have long relied on PortfolioCenter to support our work in building investment portfolios for the families we serve,” said David Halseth, Chief Investment Officer of Strategies Capital Management. “We know that adding Tamarac reporting to our current lineup will give us more actionable data to support our team and our clients in making informed decisions about their money and investments.”

Any firm currently using PortfolioCenter that is not a Tamarac client is invited to learn more about Tamarac’s comprehensive technology solution at this year’s Envestnet Advisor Summit® free of charge. This year’s summit is taking place at the Austin Convention Center in Austin, Texas, on May 1-2, 2019. To learn more about the Advisor Summit, visit www.envestnet.com/advisorsummit/

Tamarac is also excited to announce that 100% of the PortfolioCenter support team members asked to transition to Tamarac have done so, ensuring users retain the same quality of support to which they are accustomed. Firms choosing to leverage both Tamarac and PortfolioCenter, will have access to Tamarac’s new joint dedicated support teams providing expert insight, and an enhanced customer support experience.

With the close of the acquisition Tamarac is now able to proactively reach out to PortfolioCenter firms to discuss their options in greater detail. Additionally, PortfolioCenter users interested in speaking with a Tamarac representative about promotions for upgrading to the Tamarac platform can also reach out to the company by calling 877.399.0727 or visiting www.tamaracinc.com/noconversion.

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