Case Study: Steward Wealth Management achieves greater operational efficiency and streamlined succession with Envestnet | Tamarac

Steward Wealth Management - Customer Case Study

Steward Wealth Management, a Colleyville, Texas RIA focused on goals-based wealth planning, needed to become more efficient and create a smooth succession path without expanding staff. Before working with Envestnet | Tamarac, Steward was juggling separate portfolio, trading/rebalancing, and CRM systems that required daily manual data exports, paper processes, and significant vendor management time—costing roughly 1.5–2 hours a day and complicating operations for their two-advisor firm.

Envestnet | Tamarac implemented the full Advisor Xi suite (Advisor View, Advisor Rebalancing, Advisor CRM) and provided Tam U training plus a dedicated support team to customize workflows. The integrated solution eliminated manual processes, cut daily data-handling time by about 1.5–2 hours (plus outsourced reconciliations), reduced trade clicks from 26 to 8, trimmed a client service associate’s weekly hours from 40 to 21, sped a holiday mailing from a week to 30 minutes, and helped Steward grow AUM by $50M to roughly $225M—demonstrating clear operational and measurable business impact from Envestnet | Tamarac.

Steward Wealth Management

Dustin Stiefel

Co-Founder and Principal of Steward