CHICAGO, Nov. 30, 2017 /PRNewswire/ — Envestnet | Tamarac (www.tamaracinc.com) announced a new integration with RightCapital, Inc., a leading financial planning software platform for Registered Investment Advisors and independent broker-dealers. RIAs who use RightCapital to help their investor clients with financial and tax planning now will be able to pull in account information and holdings data daily using the Tamarac API – allowing advisors to work more efficiently and deliver real-time information to their clients.
“As an open platform, Tamarac is always looking for ways to offer advisors the flexibility and support they need to automate their business processes through meaningful integrations,” said Stuart DePina, president of Envestnet | Tamarac. “We’re excited to introduce this integration with RightCapital to help advisors deliver data-driven insights and engage their clients in holistic discussions about their finances.”
RightCapital’s financial and tax planning software helps advisors create robust retirement plans using advanced Monte Carlo simulations, optimize Social Security, offer tax-efficient drawdown strategies and Roth conversions, and manage their clients’ tax liabilities, budgets and debt pay-off strategies. The new integration will help advisors save valuable time and streamline their workflows since the Tamarac data automatically will be updated daily within RightCapital’s platform.
“We are very excited about our integration with Tamarac, an industry leading performance reporting and portfolio management system.” said Shuang Chen, co-founder and CEO at RightCapital. “We’re pleased that this integration will allow advisors to seamlessly connect our two platforms and get the most up-to-date information they need to create comprehensive financial plans for their clients.”
Tamarac’s comprehensive technology platform combines award-winning1 portfolio management, reporting, billing, rebalancing and trading functionality with an engaging client portal and RIA-specific CRM. Leveraging its broad range of capabilities, Tamarac provides the flexibility to create end-to-end workflows, from client onboarding through quarter-end, that match the unique business processes of each independent advisory firm.
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,