Two wealthtech firms have announced a collaboration which they say will expand the technology ecosystem for financial advisors.
With the great wealth transfer set to shake up the wealth advisory industry as younger heirs look to tech-enabled solutions to manage their money; the partnership aims to make it easier for advisors to leverage wealthtech in their business.
FusionIQ, a cloud-based solution that offers advisors an all-in-one platform to digitize their wealth management business has joined forces with interVal, an AI-powered SaaS solution that provides insights and process streamlining for advisors and financial institutions, such as valuations of non-liquid assets.
“With the wealth transfer and changing M&A environment in North America, where $15 trillion in sales from 2 million boomer-owned businesses is anticipated, interVal is uniquely positioned to help advisors and business owners navigate these shifts,” said Trevor Greenway, CEO and co-founder of interVal.
The firms will engage in mutual referrals of their respective solutions and say their collaboration draws on their shared vision for “democratizing access to wealth management tools” and helping advisors to scale their operations for organic growth.
This will include demonstrating how advisors can use wealthtech to grow AUM, improve customer service, and gain more referrals.
“By joining forces with interVal, FusionIQ can present an expanding vision that is empowering financial advisors with the platform and tools they need to deliver exceptional value to their clients,” said Mark Healy, Chief Executive Officer at FusionIQ. “Our collaboration grows the technology ecosystem available to wealth management firms and institutions, democratizing data for everyone. interVal’s outstanding capacity to ingest and analyze financial data from SMBs in real-time uncovers hidden growth opportunities and insights. There is a huge opportunity for growth in North America.”
Mercer, Focus Partners Wealth, Mariner, Creative Planning and Captrust top the leaderboard tracking AI search results for RIA firms.
"We believe this model will help younger investors – and any investors who value a hybrid advice experience,” said Ryan Robson, principal at Edward Jones.
Conte Wealth Advisors reportedly has $1.4 billion in client assets and 20 advisors.
The Cleveland-based RIA's latest tie-up extends the firm's national footprint into the Golden State, where opinions continue to be split over a contentious billionaire wealth tax proposal.
Meanwhile, Cetera has welcomed a family-run practice from Commonwealth, and a Merrill advisor joins an existing UBS team in Connecticut.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
