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SAN ANTONIO, Sept. 22, 2016 -- Financial technology industry leaders and innovators, Scivantage® and FolioDynamix, today announced a joint partnership from the main stage of the FolioDynamix Client Conference in San Antonio. The firms plan to deliver an enterprise-grade digital advice solution allowing advisors to collaborate with clients of all account sizes. This becomes especially important in light of new DOL Fiduciary Rule guidelines, which can make advising small-but-growing investors problematic.
The solution leverages Scivantage’s existing digital wealth management platform and integrates it with FolioDynamix’s industry-leading managed accounts platform. This delivers an enterprise-grade, unified digital experience that includes digital investment and robo alongside full service, managed account, self-directed brokerage, and multi-channel solutions.
FolioDynamix is a strong advocate for the seamless pairing of technology and investment advice. The new solution is an example of this approach. It provides an integrated client portal with additional self-service options, allowing advisors to offer both automated solutions and collaboration opportunities to their client base.
“Ongoing research has shown that investors—even millennials, who are comfortable with technology—are searching for a hybrid model when it comes to wealth management,” says Joe Stensland, Chief Commercial Officer, Digital Wealth, Scivantage. “Delivering a digital robo advice solution at the enterprise level is the way to address this, and integrating market-tested solutions from Scivantage and FolioDynamix is the logical answer. Both companies already have a piece of the puzzle and fitting those together puts us in a unique position to provide the advanced solutions firms are looking for.”
“At FolioDynamix, we have coined the term ‘fiborg’ because we believe it captures the evolution in the marketplace,” says Steve Dunlap, President and COO of FolioDynamix. “The future is not about robots—or robo advisors—replacing human advisors. It is about advisors taking advantage of technology to work efficiently. Think cyborg—humans taking the best from technology—fiborg is that combination. Advisors and firms who leverage technology effectively will be ahead, and we are pleased to enable that.”
About FolioDynamix
FolioDynamix is leading the evolution of the wealth management experience, with an end-to-end technology solution paired with a suite of advisory tools including model portfolios, research, and overlay management services. Through our powerful technology platform, advisors can manage the entire client lifecycle from proposal generation to account opening to account management (trading and rebalancing) to reporting, all through a sophisticated but easy-to-use cloud-based solution. FolioDynamix is an Actua company (Nasdaq:ACTA). Visit www.foliodynamix.com. Follow us on Twitter @foliodx.
About Scivantage
Scivantage® is a Global FinTech 100 technology provider of Wealth Management and Cost Basis solutions. With proven expertise in online brokerage, tax and portfolio reporting, and wealth management applications, Scivantage delivers intelligent and actionable information that goes beyond the boundaries of traditional financial software, helping improve investment decisions. Leading financial institutions, including broker-dealers, mutual fund companies, bank custodians, trust and prime brokers, depend on Scivantage’s cloud-based technology to achieve critical business insights, generate new revenue and build stronger customer relationships. For more information, please visit www.scivantage.com or contact us at +1.866.724.8268.
Press Contact: Meghan McCartan +1 201-605-1926 [email protected]
