How PortfolioCenter Users Can Leverage Envestnet | Tamarac to Take Their Client Experience to the Next Level

Sponsored by Envestnet | Tamarac

With the deepening partnership between Envestnet | Tamarac and PortfolioCenter, you choose whether to continue using PortfolioCenter exactly as you are today, or expand your use of PortfolioCenter to include Tamarac's industry-leading technology. You retain complete control of your database, including transactions and history. But by leveraging the power of the Tamarac platform, you can receive enhanced reporting, allowing your familiar PortfolioCenter data to become more meaningful, accessible, and understandable when you process it through Tamarac’s powerful reporting, trading, and client communication tools.

Best of all, as a PortfolioCenter user, the transition is seamless. You’ll get all the benefits of using our cutting-edge, cloud-based platform with no disruption to your business while pleasing your back office, compliance team, front office and end clients.

When you’re learning the new Tamarac tools, our new joint dedicated support teams from both Schwab Performance Technologies and Tamarac, and our comprehensive online Support & Training Center will be there for you to answer any questions you have along the way.

Please Your Back Office

With other vendors, choosing a new technology partner involves time- and often long, painful conversions.

Tamarac eliminates this step. Your data remains in PortfolioCenter, and you retain access to your underlying transactions and holdings, but we save you time by taking care of your daily reconciliation and other key back-office processes. Also, any customizations around billing definitions, groups for billing and reporting, security masters, security categories, and custom fields will already be there, as well as so much more capability than you had in PortfolioCenter as a stand-alone.  These added benefits are a result of the ongoing enhancements Tamarac has made with PortfolioCenter since we first partnered with Charles Schwab over ten years ago.

Please Your Compliance Teams

We know that you take compliance and client data security and maintenance extremely seriously. That’s why, when you use Tamarac with PortfolioCenter, you retain complete ownership over your own data and history. Tamarac partners with you to give you the tools to extract the greatest value from your data while leaving the database, history, and transactions within your purview all within our cutting-edge, cloud-based platform.

As an added benefit, none of your custodian data processes need to change when you leverage Tamarac. If you’ve worked hard to create compliance-approved workflows for syncing with your custodians, those processes remain in place.

This complete oversight and continuity of data and processes ensures that your compliance team maintains full access to, and control of, your firm’s processes and reports.

Please Your Front Office

Even if all the data looks good and compliance is satisfied, you still have a new tool to learn. However, with Tamarac, our clean and intuitive user interface, logical organization, and user-centric design make for a painless adoption.

If you have questions about how the product works, Tamarac offers best-in-class support and a thorough online Support & Training Center to quickly resolve any issues.

This makes it easier for you to take advantage of such Tamarac features as:

• Third-party integrations that aggregate data from many sources including alternative assets, financial planning platforms, and more.
• Powerful reporting tools for internal analysis that go beyond just performance, transactions, and holdings into business intelligence and relationship management.

All your front office users will appreciate clean, accessible results available through a platform that’s easy to use right out of the box, and that’s exactly what they get when you combine Tamarac’s powerful reporting tools with familiar PortfolioCenter data.

Please Your Investor Clients

While you choose technology to meet your firm’s needs, as a fiduciary, you should always make decisions based on the best interest of your clients. When you start using Tamarac, clients really do benefit from the enhanced communication, security, and data availability, which frees up your time to spend with your clients.  

Clients and prospects will take notice when they see how Tamarac enables your firm to offer:

• A firm-branded mobile app and client portal, including a document vault for secure file sharing.
• Beautiful, clear, firm-branded PDF statements completely customized to fit each client’s needs.

Your investor clients will appreciate the enhanced communication and 24/7 access to their financial accounts that partnering with Tamarac brings.

The Bottom Line

If you choose to transition to Tamarac, you’ll see why 35% of all firms managing over $1B in assets use Tamarac, and why Tamarac maintains a 97% renewal rate.[1] It’s because:

• Back office staff appreciate zero-effort transition, as well as handing off the daily reconciliation to Tamarac.
• Compliance teams appreciate accessing Tamarac’s tools while retaining ownership of your transaction data and history.
• Front office staff appreciate the intuitive user interface and comprehensive support and training available that make it easy to begin harnessing all Tamarac’s tools with minimal effort.
• And, best of all, your clients appreciate the incredibly convenient, firm-branded, customized client portal and mobile app that give them access to their data.

Your whole team will appreciate the benefits of working on a cloud-based system that’s updated frequently, ensuring you’re using the latest cutting-edge portfolio management, reporting, trading, and client communications platform on the market.