WebsiteGear Logo Log In
New User? Sign Up
About | Contact | FAQ
  Home News Technology Internet Technology Friday, March 29, 2024 
Add Press Release News | News Feeds Feeds | Email This News Email


Envestnet | Tamarac Announces Fully Digital Client Account-Opening With TD Ameritrade Institutional and Schwab Advisor Services
Wednesday, June 19, 2019

Tamarac streamlines client onboarding process for advisors

CHICAGO, June 19, 2019 /PRNewswire/ -- Envestnet | Tamarac (www.tamaracinc.com) announced that digital account-opening services for independent registered investment advisors (RIAs) are now widely available through TD Ameritrade Institutional and Schwab Advisor Services(TM), following a successful pilot.

RIAs that manage client accounts custodied with TD Ameritrade Institutional and/or Schwab Advisor Services can dramatically streamline the onboarding process by eliminating manual data entry for account openings. With this new integration, client account information can be auto-populated into the custodial platform directly from Tamarac Reporting, Envestnet's award winning portfolio management solution for RIAs.

"This is a great example of Tamarac helping advisors deliver financial wellness to their clients," said Andina Anderson, Executive Managing Director of Envestnet | Tamarac. "A digital account-opening process enables advisors to save time and reduce errors related to manual data entry and focus on higher-value activities such as holistic financial planning."

The automation and digitization of the account-opening process increases operational efficiency across the board for RIAs, custodians, and their investor clients by eliminating the need to manually enter information into multiple locations. The process also allows RIAs and clients to work directly through the Tamarac platform using e-signatures and a single sign-on to increase visibility into accounts with their custodian of choice.

The new integration will increase efficiencies for RIAs, allowing for an easier onboarding process, less time spent opening new accounts and fewer errors related to manual entry. The improved experience will be beneficial to clients as well, especially for millennials who have come to expect a quick and easy onboarding.

"The new account-opening process has been very well-received by both advisors and their clients," said Anderson. "Streamlining this process allows for advisors to focus on more meaningful interactions with their clients, where they can add more value and a broader range of advice. Since more of our clients are expecting an online and automated experience, this gives them a competitive edge."

Tamarac is an open platform that is continually interested in best-in-class integrations. Looking forward, Tamarac is open to exploring similar functionalities working with other custodians to create automated account-opening processes.

About TD Ameritrade Institutional

TD Ameritrade Institutional empowers more than 7,000 independent registered investment advisors to transform the lives of their clients. It provides powerful technology and resources that help simplify running a business and let advisors spend more time doing what matters most -- serving their clients. Through meaningful innovation, steadfast advocacy and unwavering service, TD Ameritrade Institutional supports RIAs as they build businesses that positively impact their clients and communities. TD Ameritrade Institutional is a division of TD Ameritrade, Inc., member FINRA/SIPC, a brokerage subsidiary of TD Ameritrade Holding Corporation.

About Charles Schwab

At Charles Schwab we believe in the power of investing to help individuals create a better tomorrow. We have a history of challenging the status quo in our industry, innovating in ways that benefit investors and the advisors and employers who serve them, and championing our clients' goals with passion and integrity.

Schwab Advisor Services(TM) serves independent investment advisors and includes the custody, trading, and support of Schwab. Independent investment advisors are not owned by, affiliated with, or supervised by Schwab.

More information is available at www.aboutschwab.com. Follow us on Twitter, Facebook, YouTube and LinkedIn.

About Envestnet

Envestnet, Inc. (ENV) is a leading provider of intelligent systems for wealth management and financial wellness. Envestnet's unified technology empowers enterprises and advisors to more fully understand their clients and deliver actionable intelligence that drives better outcomes and improves lives.

Envestnet Wealth Solutions enables enterprises and advisors to better manage client outcomes and strengthen their practices through its leading Wealth Management Operating System and advanced portfolio solutions. Envestnet | Tamarac provides portfolio management, reporting, trading, rebalancing and client portal solutions for registered independent advisors ("RIAs"). Envestnet MoneyGuide provides goals-based financial planning applications. Envestnet Data & Analytics enables innovation and insights through its Envestnet | Yodlee data aggregation platform.

More than 96,000 advisors and more than 3,800 companies including: 17 of the 20 largest U.S. banks, 43 of the 50 largest wealth management and brokerage firms, over 500 of the largest Registered Investment Advisers, 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 on Envestnet, please visit www.envestnet.com and follow @ENVintel.

Media Contact:
Brooke Worden
Weber Shandwick
612.308.6975
bworden@webershandwick.com

View original content to download multimedia:http://www.prnewswire.com/news-releases/envestnet--tamarac-announces-fully-digital-client-account-opening-with-td-ameritrade-institutional-and-schwab-advisor-services-300870980.html

SOURCE Envestnet | Tamarac



Email This News Email | Submit To Slashdot Slashdot | Submit To Digg.com Digg | Submit To del.icio.us Del.icio.us | News Feeds Feeds

RELATED NEWS ARTICLES
Nav WSPN and MathWallet Jointly Launch StableWallet, Pioneering AA Wallet for Web3 | Mar 29, 2024
Nav Stetson University Named a Top Game Design Program in the Nation by Princeton Review for Third Year in a Row | Mar 29, 2024
Nav Global Floating Data Center Market Analysis Report 2024: Market to Reach $732.6 Million by 2033 with Adoption of LNG and Hydrogen Powered Floating Data Centers Gaining Momentum | Mar 29, 2024
Nav Global Hybrid Memory Cube and High-Bandwidth Memory Industry Research Report 2023-2033 Featuring Market Leaders - AMD, Micron, NVIDIA, IBM, HPE, Samsung and Intel Among Others | Mar 29, 2024
Nav Sandler Partners Opens Pre-Registration for 2024 National Summit, Taking Place October 7-10 | Mar 29, 2024
Nav AllSaints Music Group to launch spatial audio service offering 360 Reality Audio | Mar 29, 2024
Nav Growing BolderĀ® and OTTA Advisors Launch the World's First Active Lifestyle Streaming Platform for Adults 50+ | Mar 29, 2024
Nav VIAVI Demonstrates Leadership in RAN Intelligence Test and Training at 2024 RIC Forum | Mar 29, 2024
Nav BrightPoint LLC Secures Position on $1.5 Billion Contract Supporting U.S. Department of Commerce's CATTS Program | Mar 29, 2024
Nav FlowFuse and Gallarus Announce Strategic Partnership to Accelerate Industry 4.0 Adoption | Mar 29, 2024
NEWS SEARCH

FEATURED NEWS | POPULAR NEWS
Submit News | View More News View More News