RightCapital integrates with Envestnet | Tamarac API
Financial advisors on RightCapital’s platform will be able to use Tamarac’s API to directly access account and holdings information
Thanks to a new partnership between RightCapital and Envestnet | Tamarac, financial advisors on RightCapital’s platform will be able to use Tamarac’s API to directly access account and holdings information from their clients, enabling real-time financial and tax planning advisory, reports David Penn at Finovate (Banking Technology’s sister company).
RightCapital’s technology used Monte Carlo simulations to enable financial advisors to build personalised retirement plans, optimise Social Security, as well as manage tax liability, budgets, and debt retirement.
The solution provides both cash flow and goal based planning, stress testing, and exploration of what-if financial events.
RightCapital also helps advisors and clients manage their annuity products, and see how the value of these investments would be affected by changes in market volatility.
RightCapital was founded in 2015 and is headquartered in New York. The company has enjoyed a very busy 2017. It began the year announcing partnerships with Garrett Planning Network, Parsonex Advisory Services, and Wells Fargo clearing service, First Clearing. Integrations with Albridge, Interactive Brokers, and XY Planning Network followed in the spring.
RightCapital has raised $2.6 million in total funding, including a seed round of $1.6 million raised in June.
