Envestnet | Tamarac Announces Integration with LifeYield

CHICAGO – October 24, 2018 – Envestnet | Tamarac (www.tamaracinc.com) announced a new integration with LifeYield on its Tamarac platform and client portal that will help advisors minimize their clients’ taxes and maximize their after-tax returns. The integration uses the Tamarac open API to integrate Tamarac information into LifeYield’s software, which provides financial analytics for tax efficiency.

“RIAs using both Tamarac and LifeYield products will be able to improve their clients’ financial outcomes and generate more business with innovative tax optimization,” said Andina Anderson, managing director, client relations at Envestnet | Tamarac. “We will continue to work with our partners through our open API to create more seamless opportunities for RIAs to improve their clients’ experiences and enhance their financial wellness.”

LifeYield is a financial software company (the “Company”) that creates tax-smart solutions for investing and asset management. The Company is led by financial industry and technology innovators with a long history of helping financial advisors leverage cutting edge, multi-account, tax-smart portfolio software. The Company’s Taxficient Score™ helps advisors quantify the financial benefits of improved asset location in dollars and cents over 10, 15 or 20 year periods.  As an example, a $1 million household with a 50% bonds/50% equity allocation would realize after-tax improved results as follows:  $159,000 improvement over the first 10 years; $325,000 over 15 years; and, $590,000 over 20 years.

“The next frontier for financial services is where investment products, different accounts, advisor tools and platforms are coordinated and optimized to improve investor outcomes,” said Mark Hoffman, LifeYield CEO.  “LifeYield’s Taxficient Score powered by Tamarac’s award-winning platform enables advisors to communicate the value of tax-smart household management and improved after-tax returns.”

The new integration will increase efficiencies for RIAs allowing for coordination of accounts and households across both platforms. Households with multiple accounts using the Tamarac platform alongside LifeYield solutions can benefit from integration of seamless analytics and tax optimization reports based on their household membership, holdings, and asset location.

“The integration between Tamarac and LifeYield allows us to quickly communicate the value of tax-efficient planning to our clients, illustrating the tax-aware view of their entire portfolio and showing them how we can improve this benchmark over time as we rebalance using Tamarac,” said John Youngs, Partner and Chief Compliance Officer at Youngs Advisory Group.

About Envestnet

Envestnet, Inc. (NYSE: ENV) is a leading provider of intelligent systems for wealth management and financial wellness. Envestnet’s unified technology enhances advisor productivity and strengthens the wealth management process. Envestnet empowers enterprises and advisors to more fully understand their clients and deliver better outcomes.

Envestnet enables financial advisors to better manage client outcomes and strengthen their practices. Institutional-quality research and advanced portfolio solutions are provided through Envestnet | PMC, our Portfolio Management Consultants group. Envestnet | Yodlee is a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services. Envestnet | Tamarac provides leading rebalancing, reporting, and practice management software for advisors. Envestnet | Retirement Solutions provides retirement advisors with an integrated platform that combines leading practice management technology, research and due diligence, data aggregation, compliance tools, fiduciary solutions and intelligent managed account solutions.

More than 88,000 advisors and 3,500 companies including: 15 of the 20 largest U.S. banks, 43 of the 50 largest wealth management and brokerage firms, over 500 of the largest Registered Investment Advisors, and hundreds of Internet services companies, leverage Envestnet technology and services. Envestnet solutions enhance knowledge of the client, accelerate client on-boarding, improve client digital experiences, and help drive better outcomes for enterprises, advisors, and their clients.

For more information about Envestnet | Tamarac, please visit www.tamaracinc.com and follow @TamaracInc.

About LifeYield

LifeYield (www.lifeyield.com), creators of the Taxficient Score®, is the industry innovator and leader in facilitating tax-smart, risk-smart household portfolio management. LifeYield's Advantage Suite® enables financial advisors to provide a comprehensive, tax-aware view of a client's entire investment and insurance portfolio, including easy-to-use tools to engage clients so they make and keep more money, and achieve their financial goals.

Based in Boston and founded by finance and technology industry leaders, LifeYield believes that by leveraging digitally enhanced advice advisors can improve investor outcomes and enhance the value and experience of support goals-based wealth management strategies.

For more information, please visit www.lifeyield.com.