Envestnet Tamarac CRM review

Envestnet Tamarac CRM is built on Microsoft and sits at the center of the Tamarac platform for RIAs. Its strongest feature is integration: it connects to Tamarac Reporting and Tamarac Trading for performance and rebalancing data, to MoneyGuide for planning, to Microsoft 365 and Outlook for email and calendar, to custodians and to SharePoint for client documents. Pre-built workflows cover onboarding tasks, incoming and outgoing money, internal trade ticket requests and client review meeting preparation, and smart notifications flag client milestones and compliance deadlines. Reporting includes business valuation, referral sources, centers of influence, revenue against target and required minimum distribution planning. Envestnet does not publish prices, so firms need a demo and quote. For an RIA already running Tamarac Reporting, the integrated data is the main reason to choose it; for a firm on another reporting system, an independent CRM is simpler to set up.

Who it is for

RIAs already on Tamarac Reporting and Microsoft 365

Price

See vendor pricing (USD check pending).

US price check pending. See the vendor pricing page.

Key features

• Built on Microsoft, with Microsoft 365 and Outlook integration
• Integrations with Tamarac Reporting, Tamarac Trading and MoneyGuide
• Pre-built workflows for onboarding, money movement, trade ticket requests and client review preparation
• Views of RMD eligible clients, custodian alerts and documents stored in SharePoint
• Business reports for valuation, referral sources, segmentation and revenue against target

Strengths and weaknesses

• Strength: Deep links to Tamarac Reporting and Trading
• Strength: Required minimum distribution planning and RMD eligible client views
• Strength: Linked Mailchimp audiences keep marketing lists in sync
• Weakness: No published price; requires a demo
• Weakness: Most useful for firms already on Tamarac and Microsoft
• Weakness: More setup than the stand-alone advisor CRMs

Key facts

• Platform: Microsoft
• Pricing: By demo and quote
• Key integrations: Tamarac Reporting, Tamarac Trading, MoneyGuide, Microsoft 365, Mailchimp

Where it ranks

Envestnet Tamarac CRM is No. 7 in our Best CRM for Financial Advisors verdict.