To drive greater efficiency within an RIA firm, Advisor Xi integrates third-party software providers in rapid succession
Integrated portfolio, customer management software and services provider Tamarac has released the latest version of its integrated RIA platform, Advisor Xi.
Advisor Xi integrates Advisor View which delivers dynamic performance reporting, fee billing, and customer portal application, supported by outsourced portfolio management services; and Advisor Rebalancing, the portfolio rebalancing application;
It also delivers Advisor OMS, the FIX connection enabling straight-through processing of trades; Advisor CRM, the customisable RIA version of Microsoft Dynamics CRM; and third-party applications which include documentation management, financial planning, account aggregation and more.
With Advisor Xi’s integration, users can choose how information is updated throughout the platform and when a user updates information in one product, Advisor Xi can update all other products that share that data.
Additionally, Advisor Xi’s integration enables advisors to leverage the Microsoft Dynamics workflow capabilities to automate business processes that span multiple applications.
Advisor Xi provides a foundation for integrating third-party software providers in rapid succession to drive greater efficiency within an RIA firm by streamlining more systems.
Tamarac CEO DePina said while the various applications in Tamarac’s Advisor Xi offering are modular, over 100 RIA firms Tamarac’s growing client base are leveraging the added efficiency gains of the full integrated suite and outsourced services.
"The rapid adoption of our platform is a strong indicator that independent advisors are looking for a flexible, single vendor solution that integrates key technologies in a meaningful way," said DePina.