CliftonLarsonAllen Wealth Advisors and Beacon Pointe Advisors have employed Envestnet | Tamarac's unifired technology platform and Advisor Xi product suit respectively.
California-based Beacon Pointe opted for Advisor Xi to integrate its operating systems while CLA Wealth Advisors chose Tamarac's unified technology platform to expand client offerings and streamline its operations.
CLA Wealth Advisors recently replaced its portfolio accounting and client relationship management systems with Envestnet |Tamarac's Advisor View and Advisor CRM respectively. The tools are part of Advisor Xi, Tamarac's web-based platform for independent RIAs. CLA Wealth Advisors has also used Advisor Rebalancing, another Advisor Xi offering, for the past five years.
“The integration of the entire Advisor Xi platform will help make CLA Wealth Advisors' internal operations much more efficient, leading to tremendous productivity gains and expanding the services it can offer clients,” said Stuart DePina, group president at Envestnet | Tamarac.
“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,” said DePina.
Beacon Pointe now includes five affiliate firms; its client base grew by 30 per cent over the four-year period ending December 31, 2013, and consequently needed stronger technology integration. The firm plans to open 35 additional offices across the US through acquisitions and partnerships over the next ten years.