Envestnet | Tamarac release focuses on reporting & trading

As you look to enhance your client’s digital wealth experience, the Tamarac team is excited to introduce our latest updates on the Tamarac platform.

We’re dedicated to regularly updating our platform to meet the changing demands of Registered Investment Advisors (RIAs) and boost your practice’s efficiency. Here’s a summary of the latest updates.

Tamarac reporting: Enhance reporting with more data

In this release, we’ve made several enhancements to our client portal. These updates include:

Manual securities availability on the projected income report

We know advisors rely on the Projected Income report. Based on feedback, we’ve added the ability to include Manual Securities in the report. This offers a more accurate projected income estimate. Here’s a look at the enhancement.

Custom fields added to new client portal reports

Custom fields help advisors track everything from client meetings to unique securities classifications. These fields can be added to reports, allowing more flexibility to customize financial data tracking.

Adding custom fields in client portal reports also helps align the legacy and new client portals. This improves client communication and makes comparing results between the new client portal and Tamarac Reporting simpler.

Tamarac trading: Increase efficiency

In this release, we’ve made several enhancements to Trading. Here’s a closer look:

Create Envestnet proposals using Tamarac account holdings

We’ve introduced a new feature that allows advisors to easily create proposals and establish manual accounts on the Envestnet platform using Tamarac data. This streamlines onboarding and enhances business efficiency.

When advisors look to create a proposal, the Tamarac information is automatically synced with Envestnet to pre-fill the details for account holdings. In the dialog, advisors can see details based on account IDs from the Account screen, including:

• Account Number
• Account Type
• Custodian
• Account Display Name
• Value (Cash + Managed Holdings + Unmanaged Holdings)

In addition, the proposal integration enhancements enable advisors to send account information, holdings, and tax lots to the proposal tool, further boosting efficiency.

Learn more

As we continue to innovate and enhance the Envestnet | Tamarac user experience, stay tuned for regular “What’s New” updates. Learn how our robust reporting and trading solutions can assist you in providing your clients with customized performance tools and resources.