Envestnet Tamarac CRM review

Tamarac CRM is Envestnet's CRM for RIAs, and its main argument is integration with the rest of the Tamarac stack. It connects to Tamarac Reporting, Tamarac Trading and MoneyGuide, works within the Microsoft 365 ecosystem and links to custodians and third-party apps. Pre-built workflows cover the daily work of an RIA: assigning onboarding steps, tracking incoming and outgoing money, submitting internal trade ticket requests, scheduling and preparing review meetings, syncing MailChimp audiences and sending birthday reminders. Business intelligence reports cover business valuation, client segmentation, centers of influence, revenue against target, required minimum distribution planning and business development leads. Smart notifications flag client milestones, custodian alerts and compliance deadlines, and documents stored in SharePoint show on the client record. Envestnet does not publish pricing, so we could not verify a USD price, and the product makes most sense for firms already running Tamarac for reporting and rebalancing.

Who it is for

RIAs already using Tamarac for reporting and rebalancing that want the CRM tied into the same data.

Price

See vendor pricing (USD check pending).

US price check pending. See the vendor pricing page.

Key features

• Integrations with Tamarac Reporting, Tamarac Trading and MoneyGuide
• Pre-built workflows for onboarding, money movement and trade tickets
• Business intelligence reports and dashboards
• Smart notifications for client milestones and compliance deadlines
• Required minimum distribution planning views and SharePoint documents

Strengths and weaknesses

• Strength: Deep ties to Tamarac reporting and trading
• Strength: Pre-built advisor workflows
• Strength: Microsoft 365 ecosystem integration
• Weakness: No public pricing
• Weakness: Best value only for firms already on Tamarac
• Weakness: Heavier to configure than self-serve advisor CRMs

Key facts

• Integrations: Tamarac Reporting, Tamarac Trading, MoneyGuide, Microsoft 365, custodians
• Workflows: Onboarding, money movement, trade tickets, review meetings
• Pricing: Quoted after a demo

Where it ranks

Envestnet Tamarac CRM is No. 8 in our Best CRM for Financial Advisors verdict.