Digital-first custodian Apex Clearing announced Tuesday the launch of its front- and middle-office solution that enables advisers to build customized workstations.
The platform is called Apex Extend and it is the first tool Apex Clearing has launched that connects front, middle and back office functionalities into a singular tech stack, the firm’s Head of Strategic Partnerships Jonathan Krieger said. “It’s the very tight integration between the front-and middle-office that makes [the tool] unique,” he said.
The platform allows advisers to sync outside front- and middle-office tech providers onto Apex’s back-office tech stack to run investing apps or advisory tools, according to a release.
The custodian launched the product after hearing from advisers that it has been a challenge to work with multiple companies based on the different office functionalities a certain advisory firm needs. On top of that, advisers were experiencing a “lag time” when opening an Apex account, Krieger said.
Apex Clearing launched in 2012 as an API-driven alternative to traditional custodians and previously served as the custodian behind fintechs like Wealthfront and Robinhood.
While Apex Clearing is a custodian, the company’s approach with its tech for advisers is agnostic, which means the firm does not act as an asset manager and isn't in competition with turnkey asset management programs or TAMPs, Krieger said. "We don’t have a horse in that game.”
Flexibility is the strategy for Apex Clearing to stand out from the competition, he said. To that end, advisers can customize the platform's design. “An adviser can put their logos, colors, some of their branding on it so that it has that personal touch,” Krieger said.
To build a truly self-sustaining practice, enterprising advisors have to start with a vision of what they want to be – and accept the realities that come with building toward it.
Serial acquirers add a 35-year-old Oregon wealth manager and a New York practice focused on women navigating life transitions.
Mara Glassel and Julie Fox will co-lead the fast-growing hybrid RIA’s ultra-high-net-worth and private wealth businesses.
The banking giant's wealth arm extends its revenue streak as it pushes to exit consent orders weighing on growth since 2020.
New Allspring research finds 401(k) participants want guidance on income and rollovers, not just portfolio automation.
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
