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LifeYield Integration

Contents

Introduction

LifeYield helps you maximize clients' after-tax returns and retirement income and minimize their taxes. To produce an accurate plan, LifeYield needs accurate portfolio data. The integration with Tamarac helps ensure that LifeYield's portfolio data are up to date and that advisors can access LifeYield quickly and easily.

If you use both Tamarac and LifeYield, this integration allows you to:

• View Tamarac data within LifeYield, including groups, accounts, positions, securities, and categories.

• Edit Tamarac data within LifeYield. Changes made in LifeYield do not transfer to Tamarac.

• Use purchase dates and lot-level cost basis data from Tamarac to manage withdrawals more accurately.

LifeYield users can download Tamarac-based holdings and account information on a regular basis to update their LifeYield portfolios.

Tamarac and LifeYield use different terminology for the same concepts. The following are some equivalent terms:

Enrollment

You must have a current API agreement on file with Tamarac in order to add the connection to LifeYield. If you have not signed an API agreement, please contact your Tamarac account manager.

Set Up the LifeYield Integration

The first time you use the Tamarac/LifeYield integration, complete the following steps to set up the integration:

1. In LifeYield, click Integrations, then click Envestnet | Tamarac.

   

2. Log in using Tamarac credentials.

   

3. In the Capital Market Assumption list, choose the desired items from the list. These correspond to categories in Tamarac.

   We suggest that you create a set of capital market assumptions in LifeYield that are identical to the categories in Tamarac. This allows a direct one-to-one mapping between Tamarac and LifeYield.

   

4. Click Import.

View Tamarac Groups, Accounts, and Positions in LifeYield

You can view the following Tamarac data in LifeYield:

• Groups To see a list of all Tamarac groups in LifeYield, click Proposal Advantage and then select Portfolios.

• Accounts To see Tamarac accounts within the group, click any portfolio.

• Positions To see or edit position details, including categories and securities, click any account.

Update Balances or Positions in LifeYield

Groups, accounts, balances, and holdings are constantly changing. This integration allows you to update these values in LifeYield more efficiently.

To update groups, accounts, balances, and holdings in LifeYield:

1. In LifeYield, click Integrations, then click Envestnet | Tamarac.

   

2. Log in using Tamarac credentials.

   

3. Click Import. This updates LifeYield with the most recent Tamarac data.

Use Tamarac Data in LifeYield's Income Advantage^®

Income Advantage^® helps you create a Tax-Smart Retirement Paycheck^® by looking across all the accounts in a Household to suggest an optimal withdrawal strategy, including what to sell and how much to withdraw from each account. This lets you to minimize drift, set gain limits, and improve the client's Taxficient Score by selling inefficiently located assets.

LifeYield can automatically receive purchase dates and lot-level cost basis data from your Tamarac accounts, allowing for a more accurate reflection of each account.

To use Tamarac data in LifeYield's Income Advantage, enable the Tamarac integration in LifeYield or reach out to your LifeYield support representative. For more information, see Set Up the LifeYield Integration