Issue link: https://resources.envestnet.com/i/1529566
1 RIA Marketplace Frequently Asked Questions Tamarac advisors gain access to FSPs at zero platform fee* to them or their clients, helping to reduce time and cost related to portfolio construction, investment management, and trading administration allowing advisors more time with their clients. This new program is designed to help advisors looking for a low-cost, managed account solution from asset managers, including BlackRock, Fidelity®, Franklin Templeton, State Street Global Advisors and Envestnet PMC. What is an FSP (Fund Strategist Portfolio)? An investment model comprised of ETFs and Mutal funds managed by asset managers such as BlackRock, Fidelity, Franklin Templeton, and State Street Global Advisors. What are the economics? What makes this low cost? Managers are helping to offset fees otherwise charged to clients, such as model management fees and/or platform fees. How can I get started? Please reach out to RIASales@envestnet.com. Will I still have access to the FSPs I use today? Yes. There will be no changes to the current models due to the RIA Marketplace. How does this integrate with Tamarac? Users will access RIA Marketplace via single sign-on or through the integrated proposal system within Tamarac Reporting. Once the account is opened, the data will flow into Tamarac Reporting through the daily download. I use Tamarac trading today – how is this different? As a client, you can take advantage of this enhancement and add it to what you're already doing today. The RIA Marketplace enables you to hand off the trading and rebalancing of a select group of accounts, allowing you to focus on your high value relationships. You will also be able to take advantage of the household rebalancing features within Tamarac Trading should you decide to only partner with us for a subset of accounts in a household. Can I convert my existing business to the RIA Marketplace if the account is in the same product? Yes, by creating a Strategy Modification and moving the account to the RIA Marketplace program your existing clients can take advantage of the lower fee offering. Moving the account may result in trades if the account has drifted beyond the tolerance set for the model targets. Do I need a new contract? If you currently have access to Managed Accounts through Tamarac, an addendum to your contract will be required. If you do not yet have access to Managed Accounts, we will need to modify your contract to enable the program. Please contact RIASales@envestnet.com to discuss further. What kind of support will I have? You will have access to our Managed Account support team via phone or email.