Envestnet | Tamarac Announces Integration Of Advisor Rebalancing With Salentica Advisor DeskTM CRM Advisors Using Salentica Advisor DeskTM CRM Will Benefit from the Dramatic Gains in Efficiency by Leveraging Integrated Tamarac Advisor Rebalancing Functionality
CHICAGO, Dec. 20, 2012 /PRNewswire/ -- Envestnet | Tamarac™, a leading provider of integrated web-based portfolio and client management software for independent advisors and wealth managers, has entered into a strategic alliance with Salentica Inc., a market leader in providing innovative and integrated Client Relationship Management (CRM) and Client Reporting technology solutions for wealth managers, to help advisors oversee their clients' accounts more efficiently.
Under the terms of this strategic alliance, Salentica Advisor Desk™, a comprehensive CRM solution designed exclusively to help wealth management firms address their complex client management needs, will integrate with Envestnet | Tamarac's Advisor Rebalancing® solution, the financial services industry's leading premium rebalancing application.
"This collaboration will streamline advisors' ability to manage their clients' financial accounts by eliminating the need to move between two different platforms when rebalancing portfolios and managing client interactions," said Stuart DePina, President of Envestnet | Tamarac. "These enhanced client-service efficiencies are the continuation of our commitment to empowering advisors to take their portfolio management capabilities and practices to the next level."
At the financial account level, Advisors will be able to respond immediately to cash requests and other client inquiries using the integrated Tamarac Advisor Rebalancing functionality directly from Salentica Advisor Desk. Advisors can also adjust their clients' Advisor Rebalancing model portfolios and account settings and access other advanced rebalancing features from within the CRM platform.
"As a technology partner for wealth management firms, we are constantly trying to drive value and efficiency for our clients. To accomplish that, one of our strategies includes integrating with other leaders in the wealth management space," said Bill Rourke, President of Salentica. "We've built successful integrations that advisors are requesting, such as the Schwab OpenView™ Gateway and Laser App in 2012, and our next focus is Envestnet | Tamarac's robust rebalancing solution. This is the natural evolution of our mission to create a seamless user experience and deliver a truly integrated desktop."
The integration will become fully available in the second quarter of 2013. Envestnet | Tamarac will continue to align with other providers of best-in-class CRM technology and pursue further refinements to its own integrated CRM solution, Advisor CRM®. Both Tamarac Advisor CRM and Salentica Advisor Desk are built on the powerful Microsoft Dynamics® CRM platform.
"The days of proprietary vendor systems are over and this is one step that brings advisors closer to having an integrated office," said Tom Ngo, Shareholder and Chief Technology Officer of Wetherby Asset Management, one of the technology providers' mutual advisor clients. "The ability to launch Advisor Rebalancing directly from Salentica Advisor Desk CRM and have seamless integration between the two systems are tremendous features that allow us to be more efficient and productive in our practice."
ABOUT ENVESTNET (NYSE: ENV)
Envestnet, Inc. (NYSE: ENV) is a leading provider of technology-enabled wealth management solutions to investment advisors. Envestnet's Advisor Suite® software empowers advisors to better manage client outcomes and strengthen their practice. Envestnet offers advanced portfolio solutions through its Portfolio Management Consultants Group, Envestnet | PMC®. Envestnet | Tamarac provides leading rebalancing, reporting and practice management software. Envestnet | Prima provides institutional-quality research and due diligence on investment and fund managers. Envestnet | Vantage™ gives advisors an in-depth view of clients' investments, empowering them to give holistic, personalized advice.
For more information on Envestnet, please visit www.envestnet.com.
ABOUT SALENTICA INC.
Salentica is a market leader in providing innovative integrated Client Relationship Management (CRM) and Client Reporting technology solutions for wealth managers with a successful track record of over 25 years in developing and implementing financial software.
Built on the Microsoft Dynamics® CRM foundation, Salentica solutions seamlessly integrate with various portfolio systems providing clients with a full range of benefits offered by the powerful combination of Salentica's vertical focus on the wealth management and features- and functionality-rich Microsoft platform. Salentica's world-class clients include Family Offices, Registered Investment Advisors, Private and Institutional Wealth Managers among which are some of the largest global banks and financial institutions.
Salentica is the first Microsoft independent software vendor (ISV) confirmed participant in the Schwab OpenView Gateway™ program to integrate Schwab custody data into Salentica Advisor Desk™, a customized version of the Microsoft Dynamics® CRM. This integration will allow Salentica clients who custody assets with Schwab Advisor Services to access real-time custody data from within their CRM system.
For more information on Salentica, please visit www.salentica.com.
Jami Schlicher, JCPR
SOURCE Envestnet, Inc.