Case Study: Financial Consulate scales to 1,000+ households and improves client service with Envestnet | Tamarac

The differences an integrated technology solution can create

Financial Consulate, an independent financial planning firm with offices in Hunt Valley, MD and Gettysburg, PA, faced growing pains from manual processes—trading via Excel, weekend quarterly billing, and an off‑the‑shelf CRM—while serving a diverse client base with a small administrative team. After evaluating options, the firm partnered with Envestnet | Tamarac and in 2012 onboarded three Tamarac solutions: Advisor CRM, Advisor Portal & Rebalancer, and Reporting & Trading to modernize operations.

Envestnet | Tamarac’s integrated platform automated trading and billing, delivered a branded Client Portal for document sharing and investor education, and provided a CRM with data integrations, zip‑code searches and dialog/workflow automation. Financial Consulate also integrated MoneyGuidePro and Yodlee for fuller wealth views. The result: operational efficiencies, faster net‑worth reporting, deeper client engagement—and growth from about 300 to 1,000 households over seven years.

Financial Consulate

Mike McCarthy

Chief Operating Officer