CHICAGO, IL – December 19, 2019
Press ReleaseEnvestnet | Tamarac Enhances PortfolioCenter to Optimize Advisor Efficiencies and Improve Data Management
Envestnet | Tamarac today deployed strategic enhancements to PortfolioCenter, a portfolio management and reporting engine for small- to mid-sized registered independent advisers (RIAs). The upgrades improve user efficiency by streamlining administrative tasks, giving RIAs more time and flexibility to provide valuable, personalized advice.“This is a tested, trusted tool that thousands of advisors depend on every day,” said Andina Anderson, Executive Managing Director of Envestnet | Tamarac. “So following our acquisition of PortfolioCenter in April, we’ve been focused on developing functionality to simplify day-to-day operations, and boost performance and scalability. We’re building on a strong foundation to continue to make sure the software is meaningful and effective for all users.”
The recent updates to PortfolioCenter include:
- Account Transfer Wizard: RIAs using PortfolioCenter are now able to select files for bulk transfer between accounts. This enhancement significantly reduces time spent for those managing numerous accounts for one client, freeing up time and improving user experience.
- Export Wizard: Enhancements to the Export Wizard tool boost safety and security of clients’ personal information. Key account details are masked when running exports such as asset class intervals, rebalancing and billing history.
- Billing Summary Reports: All billing summary reports now include information on current portfolio value, which improves transparency, and allows advisers to quickly identify rates outside the typical range and other potential anomalies.
RIAs and firms interested in learning more about PortfolioCenter should reach out to their Envestnet representative or visit tamaracpc.com.
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