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."
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."
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The collaboration will focus initially on strategies within collective investment trusts in DC plans, with plans to expand to other retirement-focused private investment solutions.
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