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Tamarac Adds Portfolio Management Platform To Pershing's Technology Channel
Austin Freitas
4 December 2013
Tamarac,
a division of web-based portfolio and client management software company Envestnet, has added
its Advisor Xi platform to Pershing's NetX360 custodial channel. The platform
will available to advisors in the first half of 2014, according to a company
statement. Advisor
Xi is a web-based platform that unifies portfolio management, rebalancing,
trading, monitoring, model management and performance reporting with an
enterprise-level client relationship management system
and client portal, the statement said. Advisors
using Advisor Xi will be able to process equity and mutual fund trades on
accounts custodied at Pershing, as well as have access real-time custodial
account data. Meanwhile,
Tamarac said it is also
working to integrate Advisor Xi into other custodial platforms to “abbreviate”
portfolio management and trading processes for independent RIAs, regardless of
where their client accounts are custodied. is a BNY Mellon company.