Tamarac, a division of Evestnet, has been selected to participate in Schwab Intelligent Integration.
The agreement means real-time custody data from Schwab Advisor Services will be available within the Tamarac Xi Web-based platforms Advisor CRM and Advisor View.
The Xi platform uses a customized version of Microsoft Dynamics CRM. Tamarac will be the second provider using Microsoft CRM to become part of Schwab Intelligent Integration. The first, Salentica, is currently in beta and is expected to enter pilot this summer.
"This marks another important milestone in our effort to work with leading platforms to provide high quality integrations that have a meaningful impact on the work that independent investment advisors do every day," said Neesha Hathi, vice president of technology solutions for Schwab Advisor Services.
"We appreciate Schwab's recognition of our efforts to deliver real value to advisors who chose to use our integrated solutions, which will only be enhanced with our ability to leverage a deeper ability to access data directly from the custodial platform," said Stuart DePina, president of Tamarac.