Tamarac opens platform to RightCapital

Advisers on RightCapital's financial and tax planning software can pull client data directly from Envestnet's tool.
NOV 30, 2017

Registered investment advisers using RightCapital's financial and tax planning software can now pull in client account information and holdings data directly from Envestnet's Tamarac tool. The integration automatically updates RightCapital daily with information from Tamarac's performance reporting and portfolio management technology. The goal is help advisers streamline workflows to reduce mistakes and save time spent on manually imputing data. (More: Garrett Planning Network cuts deal on software that creates comprehensive financial plans.) Though Envestnet offers many of its own financial planning tools that compete with solutions offered by RightCapital, Envestnet Tamarac President Stuart DePina said the integration is part of the company's commitment towards being "an open platform." "Tamarac is always looking for ways to offer advisers the flexibility and support they need to automate their business processes through meaningful integrations," Mr. DePina said in a statement. Envestnet made integrations with third party technology a focal point of an overhaul of the Tamarac platform that it unveiled earlier in November. At the time, Envestnet Tamarac Managing Director Brandon Rembe said the company was moving toward a more "open-architecture" approach, but would still be "highly selective" of the technology with which they integrated. Tamarac also integrates financial planning tools from eMoney and MoneyGuidePro.

Latest News

Advisor moves: Atlas tops $1B as Wells Fargo, UBS add bank veterans
Advisor moves: Atlas tops $1B as Wells Fargo, UBS add bank veterans

Wells Fargo adds two bank-channel recruits, UBS lands a JPMorgan Chase veteran, and a multi-family office lifts Atlas past $1B

Advisor mom’s son used her password to log into clients’ accounts, sell deal with conflicts, according to Washington state
Advisor mom’s son used her password to log into clients’ accounts, sell deal with conflicts, according to Washington state

“The state comes down on you in years when you make 40% returns for clients,” said Bill Swayne, the advisor and son of Candace Swayne.

Osaic in talks with Anthropic as AI reshapes advisor workforce
Osaic in talks with Anthropic as AI reshapes advisor workforce

The Independent broker-dealer giant has had “active conversations” with the Claude maker, which is days away from its expected IPO

The retirement milestone advisors aren't tracking
The retirement milestone advisors aren't tracking

For Gen X clients entering life after work, answering the financial question isn't enough to solve the entire retirement equation.

Wealthtech firms target stock pay, pensions and heirs for advisors
Wealthtech firms target stock pay, pensions and heirs for advisors

Tools from Grantd, Income Lab and Healthspan Wealth aim to keep RIAs involved in clients’ biggest money decisions

SPONSORED Best Practices for Engaging Women Around Alternatives

Growing wealth, evolving priorities, and untapped opportunities are reshaping how women approach long-term investing.

SPONSORED Built on insurance experience to deliver on long-term promises

Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.