Schwab Announces Envestnet | Tamarac™ as Selected Participant in Schwab Intelligent Integration™

Thursday, May 17, 2012 9:00 am PDT

Dateline:

SAN FRANCISCO

Public Company Information:

NYSE:
SCHW
NYSE:
ENV
"This marks another important milestone in our effort to work with leading platforms to provide high quality integrations that have a meaningful impact on the work that independent investment advisors do every day"

SAN FRANCISCO--(BUSINESS WIRE)--As part of the ongoing initiative to integrate with leading platforms serving independent investment advisors, Schwab announced today that Tamarac, a division of Envestnet, Inc., has been selected for participation in Schwab Intelligent Integration™.

 

This integration will allow for real-time custody data from Schwab Advisor Services to be available within the Tamarac Xi web-based platforms Advisor CRM® and Advisor View®.

“This marks another important milestone in our effort to work with leading platforms to provide high quality integrations that have a meaningful impact on the work that independent investment advisors do every day,” said Neesha Hathi, vice president of technology solutions for Schwab Advisor Services. “We have a long relationship with Tamarac, including their licensing of Schwab Performance Technologies’ PortfolioCenter®, and we look forward to the additional benefits we will be able to provide to clients.”

“Integrating Tamarac Advisor CRM and our performance reporting, portal and billing application, Advisor View, with Schwab Intelligent Integration is a perfect complement of customer management, portfolio management and custodial technologies,” said Stuart DePina, Group President of Envestnet | Tamarac. “Advisors using the comprehensive solution will see dramatic gains in their ability to service their clients and scale their businesses more profitably.”

As part of its platform, Tamarac employs a customized version of Microsoft Dynamics® CRM. Tamarac will be the second provider using Microsoft CRM to become part of Schwab Intelligent Integration. The first, Salentica, is currently in beta and is expected to enter pilot this summer.

Schwab announced general availability of two other integrations with leading CRM providers in February.

About Envestnet | Tamarac

Envestnet, Inc. (NYSE: ENV) is a leading provider of technology-enabled wealth management solutions to investment advisors. Envestnet's Advisor Suite® software empowers advisors to better manage client outcomes and strengthen their practice. Envestnet offers advanced portfolio solutions through its Portfolio Management Consultants Group, Envestnet | PMC®. Envestnet | Tamarac provides leading rebalancing, reporting and practice management software. Envestnet | Prima provides institutional-quality research and due diligence on investment and fund managers. Envestnet | Vantage™ gives advisors an in-depth view of clients’ investments, empowering them to give holistic, personalized advice.

For more information on Envestnet, please visit www.envestnet.com.
For more information on Envestnet | Tamarac, please visit www.tamaracinc.com

About Schwab Intelligent Integration

Schwab Intelligent Integration is a multi-year initiative designed to increase integration between disparate systems and workflows in advisors’ offices. Schwab OpenView Integrated Office™ is a product of Schwab Performance Technologies® and includes integration with Salesforce CRM. Schwab OpenView Gateway™ and the Schwab OpenView Workflow Library™ are products of Schwab Intelligent Technologies™. Participating providers in Schwab OpenView Gateway are Junxure, Microsoft, Salentica, salesforce.com, and Tamarac. More information about Schwab Intelligent Integration is available at www.schwabintelligenttechnologies.com.

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with more than 300 offices and 8.7 million active brokerage accounts, 1.5 million corporate retirement plan participants, 808,000 banking accounts, and $1.83 trillion in client assets as of April 30, 2012. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, www.sipc.org), and affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through Schwab Advisor Services. Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides banking and mortgage services and products. More information is available at www.schwab.com and www.aboutschwab.com. (0512-3382)

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Neesha Hathi is an officer of Schwab Intelligent Technologies and Charles Schwab Advisor Services.

Schwab Advisor Services serves independent investment advisory firms and includes the custody, trading and support services of Charles Schwab & Co., Inc., a registered broker-dealer and member SIPC. Independent investment advisors are not owned by, affiliated with or supervised by Charles Schwab & Co., Inc.

Schwab Intelligent Technologies (SIT), Schwab Performance Technologies (SPT) and CS&Co are separate companies affiliated as subsidiaries of The Charles Schwab Corporation, but their products and services are independent from each other. SIT and SPT’s intelligent integration solutions integrate data about accounts custodied at CS&Co.

Participating providers in the Schwab OpenView Gateway are independent companies that are not affiliated with SIT or any of its affiliates. They develop interfaces needed for integration of their applications and tools, which are then subject to validation and pilot before becoming generally available to advisors. Their participation in Schwab OpenView Gateway is not a recommendation or endorsement of, or referral to, the participant by SIT or any of its affiliates. Neither SIT nor any of its affiliates makes any representation or warranty about information furnished by any participating provider. Advisors are solely responsible for evaluating, selecting, and purchasing products and services offered by them.

Third party firms are not affiliated with or an employee of the Charles Schwab Corporation. Their mention is not, and should not be construed as a recommendation, endorsement or sponsorship by the Charles Schwab Corporation. Experiences expressed are no guarantee of future performance or success and may not be representative of your experience.

 

Contact:

Charles Schwab
Lindsay Tiles, 415-667-0479
lindsay.tiles@schwab.com

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