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

Vestwell unveils new emergency savings account offering
Vestwell unveils new emergency savings account offering

The fintech firm is cementing its status in the workplace savings space with its latest ESA offering, which employers can integrate into their existing benefits package.

'Money Mimosas' and other ways to show your Valentine financial love
'Money Mimosas' and other ways to show your Valentine financial love

Wealth managers offer unique ideas for couples to grow closer emotionally and financially.

Limra research finds financial confidence on the rise among Black American workers
Limra research finds financial confidence on the rise among Black American workers

Survey findings suggest increased sense of financial security and more optimistic 2025 outlook, while highlighting employers' role in ensuring retirement readiness.

DOGE efforts sideswipe muni bonds backed by federal lease payments
DOGE efforts sideswipe muni bonds backed by federal lease payments

Falling prices for some securities within the $4 trillion state and local government debt market spotlight how the push to shrink spending is sending shockwaves across the US.

Despite high marks on satisfaction, client acquisition a struggle for advisors
Despite high marks on satisfaction, client acquisition a struggle for advisors

With a majority find getting new clients a challenge, report suggests fee transparency as a way to foster trust among the unadvised.

SPONSORED Record growth: Interval funds emerge as key players in alternative investments

Blue Vault Alts Summit highlights the role of liquidity-focused funds in reshaping advisor strategies

SPONSORED Taylor Matthews on what's behind Farther's rapid growth

From 'no clients' to reshaping wealth management, Farther blends tech and trust to deliver family-office experience at scale.