Beacon Pointe Advisors, a US-based independent RIA has selected Envestnet | Tamarac’s advisory practice management platform, Advisor Xi, to integrate its operating systems and position its practice for growth.
The firm said that Beacon has initially implemented Envestnet |Tamarac’s Advisor View portfolio reporting, client portal, and billing application, which is a part of Advisor Xi.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The implementation of f Envestnet | Tamarac’s platform will allow Beacon Pointe’s advisors to give more time to servicing and communicating with clients, and allows newly acquired practices to quickly align with the firm’s operations.
At the same time, Beacon Pointe is planning to open 35 more offices across the nation via acquisitions and partnerships over the next ten years.
Stuart DePina, group president, Envestnet | Tamarac, said: "Advisor Xi’s RIA platform provides firm-wide desktop and mobile access to client accounts and real-time data from a single location, which will bring tremendous benefits to Beacon Pointe’s advisors and clients."
Steven Beals, director of operations, Beacon Pointe Advisors, said: "Our relationship with Tamarac not only enhances our ability to quickly access real-time data, generate reports, and aggregate assets firm-wide, but also provides more meaningful client communication and prepares our organization to rapidly acquire and integrate new teams as we move forward with our expansion plans."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataBeacon Pointe Advisors manages over $7 billion in assets under management in over 5,000 financial accounts and serves the needs of high-net-worth individuals and families, as well as institutional clients such as endowments and foundations.
