OneVest unveils "game changer" wealth platform

OneVest unveils "game changer" wealth platform
The wealth tech provider is looking to provide scale and personalization for financial institutions through a new no-code solution.
OCT 21, 2024

Fintech firm OneVest is expanding its ambitions in the wealth space with a new platform to help firms provide customized services at scale.

On Monday, the wealth tech firm announced the launch of its new end-to-end wealth management platform, offering financial institutions a new tool to personalize and scale their services.

The platform, which focuses on flexibility, is designed to enhance client experiences by allowing firms to tailor services based on their specific needs. Several US financial institutions have already adopted the technology, OneVest said.

“Our platform’s configurability is a game changer for financial institutions looking to offer more tailored services at scale,” Amar Ahluwalia, CEO of OneVest, said in a statement. “We’ve built a solution that adapts to the needs of each institution, giving them the freedom to personalize their technology stack and optimize the client experience, all while reducing operational complexity.”

The firm's personalization push builds on its initial venture into the model portolio space in May through a partnership with BlackRock, which it quickly built through another tie-up with Vanguard.

OneVest's latest offering comes with a wide range of features, including a client portal, portfolio management system, onboarding tools, and custodian integrations. OneVest says  its new system also supports front and middle office operations, giving firms the choice to either integrate specific tools into their existing infrastructure or adopt the full platform.

The firm highlighted the platform's no-code infrastructure, which it said would enable firms to quickly configure and deploy digital tools without needing extensive IT involvement. According to the company, this flexibility gives wealth managers the ability to rapidly adjust to market shifts and evolving client expectations.

“The configurability of our platform makes it possible for wealth managers to offer cutting-edge services while remaining nimble and responsive in a competitive market," Ahluwalia said, highlighting his firm's aim to "equip financial institutions with technology that not only scales with their business but evolves with their clients’ needs."

To be sure, OneVest isn't the first fintech provider to take a crack at the personalization challenge. In February, Advyzon, the independent advisor and RIA-focused fintech, announced a team-up with Nebo Wealth to create a solution that builds portfolios around clients' financial goals. And earlier this month, fast-growing RIA Rossby Financial said it was giving its affiliated advisors access to Seeds Investor, a portfolio management system that aligns clients' investments with their personal values and preferences based on nine pre-determined personas.

Latest News

Farther adds $120M firm with science-backed approach to wealth management
Farther adds $120M firm with science-backed approach to wealth management

The latest addition to the tech-driven firm combines wellness and finances.

Cutting back on fun: a third of Americans plan to reduce spending on vices
Cutting back on fun: a third of Americans plan to reduce spending on vices

Your clients are likely to be spending on vices, depending on their generation.

Gold continues to shine, but will jobs data change that?
Gold continues to shine, but will jobs data change that?

Traders are awaiting the latest snapshot of US economic strength.

Veritas could be about to snap up one of Wall Street’s oldest names
Veritas could be about to snap up one of Wall Street’s oldest names

Private equity firm reportedly in talks to make an acquisition.

Trump wants to scrap one of private equities' tax breaks, again
Trump wants to scrap one of private equities' tax breaks, again

Exemption enjoyed by PE and VC firms was under fire in his first term too.

SPONSORED Taylor Matthews on what's behind Farther's rapid growth

From 'no clients' to reshaping wealth management, Farther blends tech and trust to deliver family-office experience at scale.

SPONSORED Why wealth advisors should care about the future of federal tax policy

Blue Vault features expert strategies to harness for maximum client advantage.