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Envestnet Unified Managed Account Integration

Contents

Introduction

Before You Start

Envestnet Unified Managed Accounts and Sleeves in Tamarac

Data Refresh Frequency

Sync New UMAs and Sleeve Accounts

Add to Tamarac Groups

 

Introduction

For firms using the Tamarac unified managed accounts (UMAs) initiative on the Envestnet ENV 2 platform, Tamarac offers a seamless integration to see Envestnet UMAs and associated sleeve accounts in Tamarac. With this integration, Envestnet UMAs sync into Tamarac as sleeve groups, and sleeve accounts in the UMA become sleeve accounts for the Tamarac group. Daily data syncs ensure that you see the most up-to-date Envestnet data everywhere integrated UMA sleeve groups appear in Tamarac.

This is a one-way integration. All changes to Envestnet UMAs must be made on the Envestnet platform. Changes to sleeve accounts in Tamarac will not be sent to Envestnet. 

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Before You Start

Before you can start seeing Envestnet UMAs as sleeve groups and accounts in Tamarac, your firm must have:

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Envestnet Unified Managed Accounts and Sleeves in Tamarac

You don't have to do anything else once you've completed all the Before You Start setup. Once accounts are opened and traded on the Envestnet platform, you will start seeing all your existing UMA accounts and the associated sleeve accounts on the Accounts page in Tamarac Reporting.

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Data Refresh Frequency

To keep your data fresh, Tamarac receives performance, position, and transaction data for integrated UMAs daily from Envestnet.

If you don't see some UMA data you expected, try initiating a sync to import new data. For more information on running a sync, see Synchronize Data From Portfolio Accounting System.

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Sync New UMAs and Sleeve Accounts

You do not need to take any action to add new accounts to Tamarac. With this integration, Tamarac automatically receives new UMAs or sleeve accounts from Envestnet. Expect it to take up to three business days after the first trade is placed in the account for the Envestnet sleeves to show up in Tamarac.

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Add to Tamarac Groups

Once in Tamarac, you can add sleeve groups and accounts to:

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