May 17, 2012
--- Tamarac, a division of Envestnet Inc., will
participate in Schwab Intelligent Integration, according to Schwab Advisor
Services.
---
The integration, part of the initiative to integrate
with platforms that serve independent investment advisers, will allow for
real-time custody data from Schwab Advisor Services to be available within the
Tamarac Xi Web-based platforms, Advisor CRM and Advisor View.
“This marks another important milestone in our
effort to work with platforms to provide high-quality integrations that have a
meaningful impact on the work that independent investment advisers do,” said
Neesha Hathi, vice president of technology solutions for Schwab Advisor
Services.
According to Stuart DePina, group president of
Envestnet/Tamarac, the integration of Tamarac Advisor CRM and the company’s
performance reporting, portal and billing application with Schwab Intelligent
Integration is “a perfect complement” of customer and portfolio management, and
custodial technologies. “Advisers using the solution will see dramatic gains in
their ability to service their clients and scale their businesses more
profitably,” he said.
As part of its platform, Tamarac employs a
customized version of Microsoft Dynamics CRM, and will be the second provider
using this program to become part of Schwab Intelligent Integration. The first,
Salentica, is currently in beta and is expected to enter a pilot program this
summer.
Schwab announced general availability of twoother integrations with leading CRM providers in
February.
More information is available at Envestnet
and at Envestnet/Tamarac.
Jill Cornfield