Savant boosts advisors' 401(k) management with Pontera partnership

Savant boosts advisors' 401(k) management with Pontera partnership
RIA hails 'significant operation improvements' from fintech platform.
OCT 06, 2023

Financial advisors with Savant Wealth Management are gaining additional capabilities to provide professional 401(k) management for their clients.

The RIA firm has partnered with Pontera to offer a more streamlined and scalable solution for applying investment strategies to clients’ plan retirement accounts. Savant uses Envestnet Tamarac as its portfolio management platform and will be able to run performance reporting in the platform thanks to its integration with Pontera earlier this year.

Savant has been offering outside asset management as part of its comprehensive offering, but the new partnership will avoid extensive investments in security and compliance while providing additional capabilities for its advisors.

The firm has seen exponential growth, including the acquisition of seven firms and has more than $20 billion in assets under management and oversees more than $300 million in outside assets.

"Pontera empowers our advisors to deepen client peace of mind by facilitating the application of Savant's evidence-based strategies across all retirement plan assets," said Savant CEO Brent Brodeski. "The Pontera platform brings to bear significant operational improvements in analyzing and rebalancing held-away accounts, paving the way for investment teams to grow this essential service and cater to more clients."

PERFORMANCE ANALYSIS

Fintech firm Pontera’s platform offers client plan account analysis, historical fund performance tracking, account rebalancing, automatic supervision documentation, and target allocation drift alerts.

"We are pleased to assist Savant as they deliver their signature Wise Counsel to more families with employer-sponsored retirement accounts," said Peter Nolan, vice president of enterprise at Pontera. "Through this partnership, we aim to not only support Savant's impressive operational scale, but also bridge more individuals to the company's top-tier products and services."

Latest News

Are you developing resilient clients?
Are you developing resilient clients?

Preparing your clients to withstand the ups and downs of change – both external and internal – could be the key to unlocking their loyalty, trust, and confidence.

Greg Cornick, former number two at Osaic, slides down the management pole
Greg Cornick, former number two at Osaic, slides down the management pole

After leaving LPL in 2020, it hasn’t gone Cornick’s way at Osaic.

MIT’s Andrew Lo sees AI ready to run your money in five years
MIT’s Andrew Lo sees AI ready to run your money in five years

The finance professor and quant investing veteran believes with the right guardrails, artificial intelligence could be trusted to meet the high bar of fiduciary advice.

Advisor moves: UBS advisors defect to Ameriprise, Merrill Lynch
Advisor moves: UBS advisors defect to Ameriprise, Merrill Lynch

UBS has also regained some ground as it recruited an experienced Merrill advisor in New York.

Former California advisor indicted for alleged $9.5M Ponzi scheme
Former California advisor indicted for alleged $9.5M Ponzi scheme

The ex-Bay Area broker reportedly continued to peddle fake bond investments, promising rates of returns exceeding 20%, even after FINRA suspended his license in 2014.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

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.