Case Study: Spinnaker Trust achieves $500M AUM growth and 75% fewer out-of-tolerance accounts with Envestnet | Tamarac

How Spinnaker Trust Grew Business and Built Relationships with Envestnet | Tamarac

Spinnaker Trust, a Portland, Maine–based trust and wealth management firm with $1.8 billion AUM, faced manual workflows, only two portfolio-management licenses, and slow trade/report preparation that became critical after a 2012 merger doubled staff and assets. To scale while delivering consistent, tailored client experiences, Spinnaker selected Envestnet | Tamarac and its Tamarac Reporting®, Tamarac Trading®, and Advisor CRM® solutions.

Envestnet | Tamarac implemented its integrated Reporting, Trading and CRM suite (with on-site consulting and a client portal beta), streamlining rebalancing, reporting and account management. The results: AUM grew by $500 million, accounts out of tolerance fell by 75%, trade-prep time dropped from as much as six hours to minutes (with client materials ready in about five minutes), and Spinnaker expanded service capacity without adding staff.

Spinnaker Trust

Sara Lewis

Executive Vice President and Director of Client Service