Case Study: Maryland Capital Advisors achieves faster, more accurate reporting and streamlined operations with Envestnet | Tamarac's Advisor Xi

Maryland Capital Advisors - Customer Case Study

Maryland Capital Advisors, a boutique RIA in Chester, MD managing nearly $180 million across 83 client households, was hampered by inaccurate return calculations, non-transaction-based reconciliation, and heavy reliance on Excel workflows under its previous technology. The firm engaged Envestnet | Tamarac and adopted the Advisor Xi platform (including Advisor View, Advisor Rebalancing, and Advisor CRM) to obtain custodian-agnostic, accurate reporting and more responsive technical support.

Envestnet | Tamarac implemented Advisor Xi end-to-end, eliminating spreadsheets and improving reconciliation, remote access, and workflow automation. As a result, billing now completes in two days (down from a full week), quarterly reporting was shortened from a week to two days, roughly 90% of clients use the secure client portal, and rebalancing no longer requires the prior 7–10 day process—freeing Maryland Capital Advisors to scale operations and pursue growth confidently.

Maryland Capital Advisors

Mike Damas

Founder and President