The advisors using Salentica Advisor DeskTM CRM will be able to benefit from the gains in efficiency by leveraging Integrated Tamarac advisor rebalancing functionality.
"This collaboration will streamline advisors’ ability to manage their clients’ financial accounts by eliminating the need to move between two different platforms when rebalancing portfolios and managing client interactions. These enhanced client-service efficiencies are the continuation of our commitment to empowering advisors to take their portfolio management capabilities and practices to the next level," said Stuart DePina, president of Envestnet | Tamarac.
At the financial account level, advisors will be able to respond immediately to cash requests and other client inquiries using the integrated Tamarac Advisor Rebalancing functionality directly from Salentica Advisor Desk. They will also be able to adjust their clients’ Advisor Rebalancing model portfolios and account settings and access other advanced rebalancing features from within the CRM platform.
The integration will become fully available in the second quarter of 2013. Both Tamarac Advisor CRM and Salentica Advisor Desk are built on the powerful Microsoft Dynamics CRM platform.
Commenting on the move, Bill Rourke, president of Salentica said: "As a technology partner for wealth management firms, we are constantly trying to drive value and efficiency for our clients. To accomplish that, one of our strategies includes integrating with other leaders in the wealth management space."
Envestnet | Tamarac is a provider of integrated web-based portfolio and client management software for independent advisors and wealth managers, while Salentica Inc., is a provider of innovative and integrated Client Relationship Management (CRM) and Client Reporting technology solutions for wealth managers.