Envestnet | Tamarac launched a new offering that will make it easier for firms, such as “breakaways,” to jump-start their technology implementation process and accelerate growth.
The Quick Start offering is designed for registered investment advisors whose priority is to get Tamarac’s portfolio management solution up and running within 30 days. The program has been successfully tested and implemented for multiple firms and is now ready to support RIAs of any size.
“The Quick Start offering was developed to enable RIAs to more quickly benefit from the automation our integrated platform delivers,” Stuart DePina, president of Envestnet | Tamarac, said in a statement. “This offering is especially beneficial for firms that need to scale as soon as possible and establish their business operations.”
The Quick Start offering provides numerous advantages for “breakaways” and other firms, regardless of size or lifecycle stage, that benefit from fast onboarding.
For example, Quick Start enables RIAs to scale their business more quickly during a time when a firm starting out or looking to grow is facing significant challenges such as transitioning clients, hiring staff and establishing customer relationship management (CRM) systems.
“Breakaways are most vulnerable to external forces as they work to secure their business and build their operations,” DePina said in a statement. “We’ve found that some firms initially gravitate toward half-measures and believe they should wait to grow their business before implementing an integrated platform like Tamarac. But the research shows that firms that invest in scalable technology early in their growth are able to better competitively position themselves and streamline their operations during the critical formative stage.”
The Quick Start program is designed for firms that can bypass the conversion process of historical accounting data when implementing Tamarac’s portfolio management and reporting solution — which is especially beneficial for “breakaway” firms establishing a new practice.
T. Rowe Price Closes International Discovery Fund To New Investors
T. Rowe Price announced that it closed the T. Rowe Price International Discovery Fund (PRIDX), along with similar portfolios, to new investors.
Although the fund is closed to new investors, investments from current shareholders and retirement plans that currently offer the International Discovery Fund, and hold a plan name account with the funds, will continue to be accepted.
The International Small-Cap Strategy had assets of $9.9 billion as of Dec. 31, 2017, including $7.9 billion in the International Discovery Fund.
The International Discovery Fund launched in 1988, and seeks long-term growth of capital through investments primarily in the common stocks of rapidly growing, small- to medium-sized companies outside the U.S.
Innovator ETFs to Manage Two Elkhorn ETFs
Innovator Capital Management, LLC announced an interim investment advisory agreement whereby Innovator will replace Elkhorn Investments as the investment adviser to the Elkhorn Lunt Low Vol/High Beta Tactical ETF (LVHB) and Elkhorn S&P High Quality Preferred ETF (EPRF).
LVHB is based on the Lunt Capital US Large Cap Equity Rotation Index, which is designed to tactically rotate between low-volatility and high-beta stocks in the S&P 500. The strategy seeks to capture alpha created by the wide dispersion between low volatility and high beta stocks.
EPRF is based on the S&P U.S. High Quality Preferred Stock Index, which selects fixed-rate investment grade preferred issues (BBB- or higher) from U.S. listed preferred stocks on a quarterly basis.
Guggenheim Launches New UIT