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Envestnet | Tamarac’s Advisor Xi® Platform Added to Pershing’s NETX360® Technology Channel

Submitted by Technology Tools for Today on December 5th, 2013

Firm Continues to Integrate with Leading Custodial Platforms to Abbreviate Trading and Portfolio Management Processes for RIAs

Envestnet | Tamarac, a division of Envestnet, Inc. (NYSE: ENV), a leading provider of integrated, web-based portfolio and client management software for independent advisors and wealth managers, announced today that it has formally begun the integration of its Advisor Xi® platform into Pershing’s NetX360® custodial channel for investment professionals and Registered Investment Advisors (RIAs). Advisors will have access to this integration in the first half of 2014.

Advisor Xi is a web-based platform that unifies portfolio management, rebalancing, trading, monitoring, model management and performance reporting with an enterprise-level client relationship management (CRM) system and a client portal. The current integration efforts with Pershing’s NetX360 platform will enable advisors using Advisor Xi to conduct straight-through processing of equity and mutual fund trades on accounts custodied at Pershing, as well as access real-time custodial account data. Tamarac is actively working to integrate Advisor Xi into multiple custodial platforms to abbreviate portfolio management and trading processes for independent RIAs, regardless of where their client accounts are custodied. 

“Our mission is to help advisers grow their practice more profitably, and we deliver on that promise by continually adding meaningful integrations within the Advisor Xi platform, and with strategic partners – such as Pershing Advisor Solutions,” said Stuart DePina, Group President, Envestnet | Tamarac. “Providing our mutual RIA clients with real-time custodial data and straight through processing of trades enables them to not only deliver a higher level of service to their clients, but to also drive incremental efficiencies that translate to a higher firm valuation.”

As part of the integration, advisors can use the Advisor Rebalancing® application, the industry’s premier portfolio rebalancing and trading solution, to generate and execute trades directly with the custodian. Advisor Rebalancing will also benefit from real-time cash and account balance information. In addition, Tamarac will make real-time custodial account data available via its integrated portfolio management and reporting application, Advisor View™, as well as within its integrated client management system, Advisor CRM® — built on the Microsoft Dynamics® platform. This custodial data will include account overviews and contact information, trade confirmations, tax documents, balance data and statements.

“Pershing’s open architecture platform allows us to provide clients with an unprecedented level of choice in customizing their business needs to be more efficient and effective,” said Ram Nagappan, chief information officer for Pershing LLC, “We are pleased to integrate with the Advisor Xi web-based platform, and continuously seek to add the latest in investment services technology to the Pershing platform to meet our clients’ increasingly complex technology needs.”

ABOUT ENVESTNET (NYSE: ENV)

Envestnet, Inc. (NYSE: ENV) is a leading provider of unified wealth management technology and services to investment advisors. Our open-architecture platforms unify and fortify the wealth management process, delivering unparalleled flexibility, accuracy, performance and value. Envestnet solutions enable the transformation of wealth management into a transparent, independent, objective and fully-aligned standard of care, and empower advisors to deliver better outcomes.

Envestnet | Tamarac’s web-based platform for independent RIAs, Advisor Xi®, deeply unifies portfolio management, modeling, rebalancing, trading, billing and reporting with a client portal and enterprise-level client relationship management (CRM) system. 

For more information on Advisor Xi, please visit: www.envestnet.com/tamarac

Pershing and Envestnet are separate and unaffiliated companies.  Pershing and its affiliates provide global financial business solutions to approximately 1,600 financial organizations, broker-dealers, registered investment advisory firms, advisors, fund managers and asset managers who represent over 5.6 million active accounts. Located in 23 offices worldwide, Pershing delivers dependable operational support, robust trading services, flexible technology, an expansive array of investment solutions, practice management support and service excellence. Pershing is a member of every major U.S. securities exchange, and its international affiliates are members of the Deutsche Börse, Australian Stock Exchange, Irish Stock Exchange, London Stock Exchange and Toronto Stock Exchange. Pershing LLC (member FINRA/NYSE/SIPC) is a BNY Mellon company. Additional information is available on pershing.com, or follow us on Twitter @Pershing.

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