1/29/2024 0 Comments Mattermost air forceAlso taking part in the most recent capital raise were venture capital firms Index Ventures, Thrive Capital, Brewer Lane Ventures and Jordan Park.Īsset-Map Philadelphia-based fintech firm Asset-Map is bringing its visualized financial planning and advice-led solutions to all Morningstar Advisor Workstation subscribers. "This ability to tailor a client's portfolio around the issues that matter most to them can serve as a catalyst for a deeper, more meaningful engagement."įounded in July 2021 by a technology entrepreneur, Savvy has raised a total of $18 million in two years, including a Series A-1 funding round of $11 million that closed in November 2022 and was led by California venture capital firm The House Fund. "Savvy Direct Indexing makes it easier than ever to execute on this mandate, offering unparalleled transparency into underlying holdings as well as the ability to screen for those that the client deems undesirable," Wallace said in a statement. Nathan Wallace, founding principal wealth manager at Savvy, added that all families should be able to invest their money how they want and have a portfolio that reflects their values. We're confident this latest addition to our platform will prove invaluable in helping advisors meaningfully engage prospects and existing clients alike." "With Savvy Direct Indexing, our advisors can help clients achieve diversified exposure while proactively managing for tax liabilities, concentrated positions, ethical convictions, and more. "The age of personalization is upon us, and off-the-shelf index funds are largely ill equipped to meet the complex needs of high-net-worth investors," Malhotra said. Ritik Malhotra, co-founder and CEO of Savvy, said Savvy Direct Indexing meets this demand by enabling advisors to customize a given index in line with clients' unique values, tax situations and financial preferences. The newest feature on Savvy's integrated technology platform, Savvy Direct Indexing provides advisors with a solution to deliver tax-efficient, values-aligned portfolios that are customized to their high-net-worth clients' preferences.įirm leaders said the news comes at a time when consumers across all industries are clamoring for personalized solutions that reflect their specific priorities. On Thursday, the New York-based RIA startup announced the launch of Savvy Direct Indexing, a proprietary solution that will enable its financial advisors to offer tax-optimized, risk-adjusted and personalized portfolios. Savvy Wealth Tech-driven wealth management firm Savvy Wealth has introduced its debut direct indexing tool. Scroll down to get caught up on other recent fintech news you might have missed in our Wealthtech Weekly recap. "It's great to see Flourish continuing to innovate by prioritizing integrations with the systems we use every day." ![]() "The integration is extremely easy to use, and having our data easily accessible whenever necessary is ideal for our firm," Burrow said. Justin Burrow, chief operating officer and partner at Ryan Wealth Management in Spokane, Washington, is a Flourish and Redtail client who said he is already benefiting from the live integration ![]() "This integration will offer our advisors just that, allowing for the frictionless transfer of data by helping them seamlessly populate Flourish with Redtail data," Mehlhorn said. "Advisors using both Flourish and Redtail will now be able to leverage their existing CRM data to streamline advisor operations and deliver an improved client experience, making it easier than ever for advisors to help clients with cash."ĭavid Mehlhorn, vice president of business development at Redtail, added that modern advisors are "demanding integration and innovation in the pursuit of solutions that will save them time and deliver a bespoke client experience. "Our advisors have invited thousands of clients to Flourish Cash in recent months, often prefilling client information to make client onboarding simple," Cruikshank said in a statement. As a result of the deal, Redtail founder Brian McLaughlin was named president of Orion Advisor Tech as the company announced a new strategic operating model that splits the organization into three business lines.Īccording to Flourish, its platform supports more than $2 billion in assets under custody and is used by more than 550 wealth management firms with more than $1.5 trillion in assets under management.įlourish President Ben Cruikshank said recent events in the banking industry prove that advisors need to have safe and secure solutions to help clients with cash. ![]() Flourish has an existing direct-custodial integration with Orion Advisor Solutions, which acquired Redtail in 2022.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |