AlternativeSoft vs Tamarac
AlternativeSoft
alternativesoft.comTamarac
envestnet.comSide by side
| Figure | AlternativeSoft | Tamarac |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | Yes | — |
| Open source | — | — |
| Web | Yes | Yes |
| Windows | Yes | — |
| macOS | Yes | — |
| Linux | Yes | — |
| iOS | — | Yes |
| Android | — | Yes |
| API | Yes | Yes |
| Plans published | 1 | 1 |
| Spec score · Portfolio Management Software | 8.5 (#10) | 8.1 (#23) |
| Allocation analysis | Yes | Yes |
| Asset class coverage | multi_asset_alternatives | multi_asset_alternatives |
| Founded | 2005 | 2000 |
| Headquarters | London, United Kingdom | Seattle, Washington, USA |
| Integrations | Listed connections include Bloomberg, eVestment, Morningstar, Preqin, HFR, Pitchbook, Albourne, WithIntelligence, BarclayHedge, and Refinitiv/LSEG. | Envestnet lists partners including Redtail, Salesforce, Wealthbox, Practifi, Nitrogen, and Docupace in its integration directory. |
| Performance reporting | Yes | Yes |
| Risk analysis | Yes | Yes |
| Security | The platform overview describes AlternativeSoft as ISO compliant, GDPR-compliant, and enterprise-grade secure. | Envestnet says it uses transmission encryption, firewall barriers, and authentication procedures to help protect online sessions and accounts from unauthorized access. |
| Support | The company says it provides dedicated onboarding and implementation support, and that most institutions are operational within 2–4 weeks. | Envestnet directs Tamarac users to its Support & Training Center for product documentation and release information. |
Plans
In their own words
AlternativeSoft
AlternativeSoft is an investment analytics platform for institutional investors, covering fund screening, due diligence, portfolio construction, risk monitoring, and reporting. Its database covers more than 500,000 hedge funds, private equity funds, mutual funds, and ETFs. Fund Search & Screening offers more than 4,000 criteria and custom scoring models. Portfolio Construction includes mean-variance optimisation, risk parity, Black-Litterman, Monte Carlo simulation, constraint modelling, and stress testing. AI DDQ Automation reads fund documents and prepares questionnaire responses in ILPA, Albourne, and custom formats. Private Equity Analytics covers gross and net IRR, TVPI, DPI, RVPI, MOIC, PME, and vintage-year benchmarking. Listed connections include Bloomberg, eVestment, Morningstar, Preqin, HFR, Pitchbook, Albourne, WithIntelligence, BarclayHedge, and Refinitiv/LSEG. The platform supports bidirectional Excel exchange and a live Power BI connector. It is browser-based cloud SaaS with no installation. Pricing is tailored by modules, users, concurrent access, data connections, and fund coverage; a free 14-day trial follows a demo.
Tamarac
Tamarac is paid wealth-management software from Tamarac for independent registered investment advisors. Its tools cover trading, reporting, billing, and CRM work. Tamarac Trading supports portfolio rebalancing, tax-loss harvesting, model management, cash monitoring, and trading-only workflows. It can automate model portfolio construction and management, monitor trading triggers, execute trades through brokers, and reconcile prior-day trades. Tamarac Reporting provides portfolio analysis, flexible reporting, and billing capabilities. The client portal gives clients a customizable holistic view of their finances. Tamarac CRM is web-based and integrates with Tamarac Reporting and Trading, Microsoft 365, Outlook, and MoneyGuide. Listed analysis includes performance reporting, allocation analysis, risk analysis, and tax-lot tracking across multi-asset and alternative coverage. The product runs on Android, iOS, the web, and through an API. Pricing is paid and available on request. Its external API requires Envestnet Developer Portal credentials and an account-manager discussion.