Envestnet | Tamarac has formed a new partnership with Private Client Resources (PCR), a provider of wealth data aggregation services, to enable advisers on the Tamarac platform to cater for clients with sophisticated portfolio needs, especially those offering alternative investments and/or operating family offices.
The partnership will integrate PCR’s unique data aggregation capabilities, including automated alternative/illiquid assets, into Tamarac’s award-winning platform. PCR’s services are fully bundled, including increased custodial coverage, investment analysis and ready held-away aggregation. These data services are integrated seamlessly with the Tamarac platform and supported directly by PCR specialists.
“We’re excited to partner with PCR to expand our data feeds and data aggregation focussed on alternative investments on the Tamarac platform,” says Stuart DePina, President of Envestnet | Tamarac. “We are committed to continuing to enhance our open platform and provide more options that position advisors for success in meeting the needs of their clients.”
Bob Miller, CEO of PCR, says: “Tamarac is a leading force in helping advisors run their businesses. This partnership opens up a higher level of quality data aggregation for alternatives that will support the firm’s platform by with an efficiently managed total view of their client’s investments.”
Other benefits to advisors include a statement of alternative investments, a dashboard providing a reconciliation of data feeds and business intelligence updates.