Company info:Top Executive: Stuart DePina
701 Fifth Avenue, 14th Floor
Seattle, WA 98104
RIA department info:Contact: Mathieu Stroh
- 200 FTEs
- Founded in 2000
Q&A:What is the service or product you offer to RIAs?
Tamarac provides institutional level technologies and outsourced portfolio management services to independent advisors – both breakaway and established.
Tamarac Advisor® is a web-based RIA platform that integrates: CRM, performance reporting, portfolio rebalancing, trading, customer portal and various thir party applications. Additionally, Tamarac provides outsourced portfolio management services, run by financial services professionals that know your business, giving you the most powerful technology and back-office outsourcing solution available.
- Tamarac has the unique perspective of consulting with thousands of advisors since its inception in 2000 to improve back-office efficiencies and successfully transition RIAs to a superior portfolio and customer management process.
- Tamarac is a true software-as-a-service (SaaS) company that offers a web-based solution built on ubiquitous technology, such as .NET and Microsoft SQL.
- Our solution is custodian agnostic and integrates with most portfolio accounting systems, as well as a wide variety of other best-in-class third party vendors.
- Tamarac’s clients range in size from less than $20MM in assets under management to over $20B.
- Tamarac’s offers a one-stop-shop for breakaway brokers with a fully integrated web-based suite complimented by an outsourced portfolio management offering run by investment professionals using best-in-class technology.
- Tamarac’s software and services are made by advisor for advisors.
Morningstar buys standalone rebalancer to fulfill its all-in-one vision by getting Sheryl Rowling to cash out and go back to RIAThis way M'star gets to intellectually fuel trades but execute lift-off without an awkward hand-off out of its own software zone
This time Envestnet plays most cards face up as analysts press again for cogent Yodlee deal rationalizationJud Bergman supposes, though not until 2020, that the merger will yield an extra $200 million in revenues
|The Advent CEO says his firm, under SS&C ownership, will consider buying CRM, financial planning and rebalancing firms|
|David Welling also adds Salesforce, Redtail and Junxure to a bundle that mimics Tamarac and Orion in creating foolproof integration|
Why quiet co-breakaway of LPL and Ameriprise advisors in Downeast Maine speaks so loudly to Shirl PenneyPenney, who arrived in New York in a $13 suit and built Dynasty, is reconnecting with his home state by signing on a Brunswick breakaway
|The Envestnet chief executive invokes railroad pioneers to explain why he is erring on the side of the theoretical over hard feedback|
|The Chicago outsourcing behemoth seeks to unify investment planning and financial planning|
|Upside will cast its lot with the Chicago outsourcing giant in Sunnyvale, becoming the first robo to get consolidated|
|The principal of Evensky & Katz / Foldes liked that he got more technology without losing Schwab at the core|
|The Seattle-based firm signs on CliftonLarsonAllen Wealth Advisors, Beacon Pointe Advisors, Convergent and Freestone|
|The Great Northwest's Triad Wealth Stewardship is now Bellevue Hightower and will stick with Tamarac after a long trial period|
|Stuart DePina has beyond-skin-deep reason for liking Microsoft Dynamics but Salesforce has prettier-girl attributes|
This MBA chose an RIA, now with $1.4 billion AUM, but as a business model, not as professional choice per seNeal Simon says that -- Ric Edelman aside -- nobody is plotting expansion like him
How Ric Edelman's bounty of radio and TV leads pushed his $12-billion RIA from Microsoft to GoldMine to SalenticaThe secondary effect was a muscle flexing that brought about a TD integration with Schwab's gritted-teeth blessing
|As new owner of Tamarac, the Chicago outsourcer has its own portfolio accounting, not Schwab PortfolioCenter, as the guts of its mini-ecosystem for the first time|
Envestnet struts upmarket stuff by signing a $1.5-billion, a $3.3-billion, a $2.3-billion and a $4-billion RIA to big technology dealsPost-Tamarac acquisition and bolstering, the Chicago-based king of SMAs to IBDs poached accounts from the likes of The Colony Group, Henssler Financial, Laird Norton, RegentAtlantic from legacy RIA providers
The Mutual Fund Store makes big moves: storming Manhattan, going big on Tamarac and quadrupling its disc jockey forceWith John Bunch in charge and Warburg Pincus capital in the tank, the $7.4 billion RIA is making an honest effort at creating a national mass-affluent firm
|Silicon Valley woke up to the potential RIA business, a phenomenon perhaps best embodied by the meteoric rise of one youth-fueled venture -- and our No. 1 pick on this list|
Orion hauls down nearly $2 billion of accounts from two Advent clients, clinching better than 50% growth for the yearEric Clarke's firm is high on Salesforce and starting to look beyond its Omaha home for expansion as it needs more and more skilled labor
|Stuart DePina wants Salentica's sheer personpower to avoid getting flooded by his own pipeline|
How a $2.7 billion LA-based RIA known for its referral-by-referral growth jumped on a chance to grab a Virginia Trust officerCan an alum of mammoth Fiduciary Trust Company International with a book of business focused on young lawyers find happiness in a big mom and pop?
|Putting their own capital -- and that of trusting others -- into their own edge-cutting ideas, these guys plow ahead with smiles on their faces|
|Sponsors that use an outgoing approach get tremendous client inflow|
|Schwab PortfolioCenter will finally have a cloud option that doesn't take away an advisory firm's control of its data|
|The RIA custodian is creating -- and third parties are applauding -- a time-saving, low-error way to trade and rebalance|
|Hewins Financial is making the no-minimum move after a six-figure investment in Tamarac software|
|Companies like Schwab, Advent-Black Diamond and Salesforce are based here for starters -- but big wealth managers and lots of open-minded rich people clinch the matter|
|The Oaks, Pa. TAMP, long doctrinaire about its closed approach, is taking big steps to open up but it still may not be enough, say some advisors and competitors|
|Schwab evolves to a platform-of-platforms strategy for technology rather than hand-picking best-of-breed applications|
|100-degree temps and company of an old friend with a knack for software coding blossomed into a business that has competitors on their toes|
|The allure was Microsoft CRM and a significant overlap in customer bases|
As it closes its $54-million purchase of Tamarac, Envestnet details plans to deploy $7 million worth of retention incentivesThe big outsourcer says it wants Tamarac's execs to stay aboard -- and not just for the a few months
|Tamarac has trusted relationships with several hundred RIA firms who might like outsourced investments on their dashboard|
|The big Chicago outsourcer nabs the fast-riser in the RIA software business and one competitor says: "now what?"|
|Patrick Goshtigian, new president of EP Wealth Advisors has taken over back-office operations from its founders and is also heading up its expansion efforts|
|Forces changing the trajectory of the RIA movement|
The TD Ameritrade-Orion pairing again proves productive -- this time to wrest assets from a $3.6 billion Schwab RIAAs part of a barrage of big moves by Mercer Advisors, Tamarac gets superseded for rebalancing
|The Seattle-based software company says it's a data issue but Black Diamond says it'll expend resources to serve mutual clients|
|The Seattle company's wants RIAs to buy into its whole system so it's sprinting to create the latest word in integration|
Volatile markets spark interest in rebalancing software - along with questions about how much is necessaryThe Wall Street Journal publishes an article looking at rebalancing's efficacy and tops execs at Tamarac and RedBlack offer thoughts
|Three days of conversations, recycled swag and ancillary events|
|It's a PR issue for the Seattle software dynamo after the the former NAPFA chairman, former Tamarac chairman and RIA faces a heavy SEC scrutiny and FBI investigation|
|The arrangement holds the possibility of a symbiotic advisor-vendor relationship between the wealth management platform and the big aggregator|
AdventConnect Report: Black Diamond will sell rebalancing software and better reporting on alternative investmentsThe Advent Software division will still collaborate with RedBlack and iRebal but some RIAs will switch to the new Black Diamond offering
|The process was not without pitfalls, but the longterm gains outweighed the pain|
|The mega-Michigan-based RIA had hyper-specialized needs|
|Mary Hepler was hired on behalf of an unidentified private equity group to catch up to Advent, Tamarac, and PortfolioCenter in features and tech|
|The updated user interface was built on the same technology at Gmail and it shows|
|Sunit Bhalla is taking full advantage of Apple to make sure he stays a one-man shop|
One RIA's unvarnished views on Advent, Black Diamond, Tamarac, IAS, Orion and Schwab PortfolioCenter after an odyssey of test drivesBenjamin Baldwin is making the jump from PortfolioCenter to Orion after a brief affair, and lingering love, for Black Diamond
|Rob Major takes what he learned in building Techfi to make AssetBook a functional, no-frills system|
|If advisors blinked in the last two weeks, telling chapters of growth slipped by|
|The Seattle-based provider delivers Schwab PortfolioCenter, with a flair, to $2-billion Signature Estate|
How a $2 billion LA-based Schwab RIA doubled in size in five years with a laid-back California styleThe John Hancock agents behind Signature believe they have cracked the code for near 100% retention
|Non-stop booth traffic -- including visits from giant RIAs -- suggests advisors came to Boston in a code-buying mood|
|New Hampshire-based software maker competes with a lower price and an easy-to-use interface|
|Plus, what a Smith Barney breakaway team is finding out about financial plans|
|The trailblazing rebalancer is tweaking its business model but staying focused on big RIAs|
|The Seattle company is trying to create a sense of familiarity for users with Outlook and PortfolioCenter features|
Tamarac claims what was unthinkable two years ago -- that it is on the same playing field as iRebal for rebalancing softwareTamarac has made leaps, say iRebal loyalists, but it had a long way to go
|The company's grand technology plan will include a modular plan and a turnkey package|
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