Pontera, a fintech formerly known as FeeX, said that it’s partnering with SageView Advisory Group, an RIA with $175 billion in assets, to help the firm’s advisers manage clients’ held-away retirement accounts.
Pontera's service lets advisers allocate assets in client accounts that they don’t custody, like 401(k)s and health savings accounts, without getting into trouble with regulators.
"Advisers must be able to present a comprehensive plan that delivers the best possible solution for their clients,” Jim Dario, head of wealth management at SageView, said in a statement. "And this is extremely difficult to do without incorporating a client’s held-away accounts, which often make up a significant portion of their assets.”
Pontera has been striking more deals with RIAs recently, including signing up Carson Group last October.
Some in the industry say that more UBS financial advisors this year will be heading for the exits.
The Wall Street giant has blasted data middlemen as digital freeloaders, but tech firms and consumer advocates are pushing back.
Research reveals a 4% year-on-year increase in expenses that one in five Americans, including one-quarter of Gen Xers, say they have not planned for.
Raymond James also lured another ex-Edward Jones advisor in South Carolina, while LPL welcomed a mother-and-son team from Edward Jones and Thrivent.
MyVest and Vestmark have also unveiled strategic partnerships aimed at helping advisors and RIAs bring personalization to more clients.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
