CAIS Integrates with Tamarac's Portfolio, Client Management Platform

Tamarac is a part of RIA platform provider Envestnet.

chicago
Envestnet is headquartered in Chicago

CAIS is partnering with Envestnet | Tamarac, where wealth managers can use Tamarac's portfolio and client management platform, Advisor Xi, to invest in hedge funds and private equity funds available from CAIS, as well as receive research on those funds.

"Our integration with CAIS will deliver efficient, reliable access to alternative investment products and research from a trusted third-party platform," said Stuart DePina, group president of Envestnet | Tamarac, in a statement. "In keeping with our dedication to helping advisors improve client relationships and outcomes, we are enabling advisors to utilize resources from CAIS to demonstrate their value to clients at a time when investor demand for alternative strategies continues to increase."

According to the release, the first phase of the integration between Tamarac and CAIS is now available to advisors. 

Advisors can log into the CAIS portal via single-sign-on access within the Tamarac platform, and from there they can conduct electronic fund transactions on CAIS' products.

The integration will also provide advisors with due diligence reports conducted by Mercer on the hedge funds and private equity funds available on the CAIS platform And through the partnership, users will have access to commentaries and other research pertaining to the alternative investment marketplace.

"Tamarac Advisor Xi enables our financial counselors to provide a more efficient and engaging wealth management experience for clients, and CAIS offers our counselors streamlined access to alternative investment funds and strategies that can help clients reach their financial goals," said Stephen Stelljes, president of client services at Boston-based RIA The Colony Group, in a statement. "The integration of these two powerful platforms will make it easier for our counselors to leverage a diversified suite of alternative strategies for their clients."

Advisor Xi has over 800 independent RIAs on the web-based platform that manages over $500 billion in assets.

 

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