Flyer and Envestnet, announced that advisors relying on the Envestnet | Tamarac (Tamarac) platform now can automate their fixed-income trade processing in Flyer’s Co-Pilot order management system (OMS). The Co-Pilot integration with Tamarac, providing a more comprehensive, seamless, and advanced advisor trading experience, was originally announced in April 2019. By adding efficient fixed-income trading enhancements, advisors can now streamline pre- and post-trade processing for fixed-income securities alongside their equity and mutual fund orders, all within the Tamarac system.
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Through this expanded integration, advisors can optimize fixed-income middle- and back-office workflows with a variety of features, including aggregating and blocking of fixed-income orders into a staging blotter, entering characteristic-based orders with CUSIP support, capturing trade execution information in the working order blotter, and allocating block trades back into individual client accounts at the custodians. These fixed-income enhancements can help eliminate time-intensive and error-prone processes that are traditionally completed offline.
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“Advisors are looking for better, more effective ways to allocate to the fixed-income asset class in client portfolios. At Flyer, we’re proud to partner with Tamarac to offer advisors this solution,” said Flyer COO Bradley Kellogg. “Flyer’s expanded offering with Tamarac furthers our collective goal of providing advisors with the fastest way to execute their investment decisions.”
Having Co-Pilot’s capabilities integrated with Tamarac’s comprehensive platform, users will benefit from increased efficiencies and streamlined operations for RIAs managing accounts and trading on behalf of their clients. This enables trading with multiple custodians and brokers through a centralized OMS and the Flyer Trading Network, an advanced multi-asset trading network. Advisors using Tamarac will have enhanced order blocking and trade away capabilities, direct access to broker algorithms, and fully integrated post-trade processing within an agile allocation engine.
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