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."
Plus, a $400 million Commonwealth team departs to launch an independent family-run RIA in the East Bay area.
“I respectfully request that all recruiters for other BDs discontinue their efforts to contact me," writes Thomas Bartholomew.
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.
Wealth tech veteran Aaron Klein speaks out against the "misery" of client meetings, why advisors' communication skills don't always help, and AI's potential to make bad meetings "100 times better."
The proposed $120 million settlement would close the book on a legal challenge alleging the Wall Street banks failed to disclose crucial conflicts of interest to investors.
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.