Fintech Advyzon has inked a new partnership to help enhance the custody and investment account administration process for registered independent advisors.
The partnership, which was announced during the first-ever Advyzon Conference in Phoenix, will see Advyzon’s technology platform for advisors get integrated into the digital custody and clearing infrastructure offered by Apex Fintech Solutions through one of its divisions, Apex Advisor Solutions.
Apex’s platform helps RIAs tackle several aspects of client account administration, including onboarding, account funding, custody, trading, and reporting.
“At Apex, we're laser-focused on boosting RIA efficiency," Olivia Eisinger, general manager of advisory at Apex Fintech Solutions, said in a statement. “Our straight-through processing helps cut through the clutter by allowing operational processes like account opening and funding to be accomplished in a streamlined workflow.”
Through the Advyzon integration, advisors using Apex’s platform will benefit from new account-opening workflows that pre-fill certain pieces of client information on the onboarding forms. That addresses two key challenges for advisors – bad data and automation – which were the two most pressing tech problems cited in recent survey research by Advisor360.
After an advisor successfully submits a client’s new account application, the client can also deposit the initial funds into the account on their own via a client portal, either through an automated customer account transfer process, or another automated clearing house network option.
Advyzon’s integration with Apex will also simplify other aspects of investment account administration for advisors – including money movements and custodian fee file submissions – and support financial information exchange trading for pre-trade communications, trade execution, and regulatory reporting.
“We’re very excited about our collaboration with Apex,” said John Mackowiak, chief revenue officer at Advyzon. “We expect that a lot of what they're doing is going to be well-received within the industry … I think some of the things that they're bringing to market are going to push custodial integrations to the next level.”
Advyzon’s partnership with Apex comes right on the heels of another collaboration it inked with Nebo Wealth.
Goldman Sachs retirement survey finds 83% want guaranteed income, while the annuities providing that income increasingly hold private credit.
The AI meeting assistant's Advisor Intelligence plugin turns client conversation data into annual reviews, tax scans and attrition alerts.
Chuck Roberts and Stifel have been facing scrutiny due to sales of structured products and structured notes.
Among other updates, the proposals would let advisors to regulated funds earn performance fees and allow interval funds to offer monthly repurchases.
What will financial advice look like 20 years from now? Evan Vladem explores how AI may transform wealth management while reinforcing the enduring value of human guidance, trust, and empathy.
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
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
