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Friday, March 31, 2023

WealthStack Roundup: Orion, Riskalyze Announce ‘Enhanced Integration’

Riskalyze and Orion Advisor Know-how have introduced an enhancement to their present integration “that enables companies to seamlessly carry accounts and fashions immediately into their proposal course of in Riskalyze.”

“Moreover, the upgraded integration now consists of setup as simple as getting into in a username and password and it’s self-serviceable,” the businesses acknowledged. “Additionally, Orion’s Portfolio Teams are actually mirrored as Account Teams in Riskalyze. Performance from the prior iteration of the mixing between companies—together with threat analytics in Orion’s Shopper Portal and a devoted sub-report in Orion’s Report Builder—are nonetheless out there within the enhanced providing. … The 2 companies additionally intend to ship one other integration this 12 months which can carry Orion’s aggregated account feeds into Riskalyze’s compliance analytics to drive progress and alignment visibility throughout a complete agency.”

Riskalyze got here onto the monetary know-how scene in 2011 with its Threat Quantity, a quantitative measure of an investor’s true threat tolerance and the danger within the portfolio. However the firm has since advanced to supply a number of completely different instruments to assist wealth administration companies develop their companies. 

After quite a few acquisitions in recent times, Eric Clarke, founder and CEO of Orion Advisor Options, stated in September 2022 that they might as an alternative deal with enhancing their present integrations, together with with Riskalyze.

PureFacts Broadcasts Xtiva Monetary Methods Acquisition

PureFacts Monetary Options, a knowledge and price evaluation agency, introduced it acquired Xtiva Monetary Methods, which offers gross sales efficiency and incentive compensation administration software program.

“This acquisition marks a major milestone in PureFacts’ progress technique and reinforces its dedication to delivering distinctive, seamless, end-to-end income administration options to its shoppers,” in line with the announcement. “The deal brings collectively two extremely complementary organizations, with PureFacts’ intensive expertise and industry-leading infrastructure for gross and internet price calculations and reporting, mixed with Xtiva’s cutting-edge know-how and experience in incentive and efficiency compensation administration.”

Parts Gives Advisors Cash-Again Assure

Parts, a monetary evaluation instrument, introduced the introduction of a money-back assure that can grant advisors a refund in the event that they fail so as to add no less than one new shopper inside 90 days of instituting and following the Parts Development Technique.

“This underscores Parts’ confidence in its tried-and-tested methodology, which positions advisors to reveal their worth to shoppers and prospects, no matter what’s taking place within the markets,” the corporate acknowledged. “The Parts Development Technique is a 90-day program that introduces advisors to Parts, together with how it may be leveraged to transform potential shoppers into paying shoppers. It consists of one-on-one coaching with a member of the Parts group and weekly cohort-based coaching with different growth-minded advisors.”

In September 2022, Parts launched its personal strategy to the one-page monetary plan.

Lion Avenue Provides Pontera as 401(okay) Administration Associate

Final week, portfolio monitoring and reporting agency AssetBook introduced its integration with fintech firm Pontera.

And on Tuesday, Pontera introduced a partnership with Lion Avenue, a nationwide community of businesses and professionals offering life insurance coverage, wealth administration and monetary planning to high-net-worth shoppers.

With this partnership, Lion Avenue’s community of over 175 monetary companies with greater than $18 billion in belongings below administration will be capable to commerce, report and invoice on shoppers’ held-away accounts as a part of their complete wealth administration companies, in line with the corporate.

Final month, Pontera introduced its integration with Envestnet | Tamarac and a partnership with Benjamin F. Edwards.

Luminant Broadcasts $3.5M Seed Funding Spherical

Australian-born startup recommendation and shopper engagement platform Lumiant introduced this week they closed a seed funding spherical of $3.5 million.

The funding got here from Australian monetary planning agency Make investments Blue and U.S.-based wealth administration agency Savant Wealth Administration, bringing Lumiant’s whole capital raised thus far to roughly $9 million, in line with the corporate. Lumiant raised the variety of finish shoppers in 2022 by 44%.

“The brand new capital will assist Lumiant’s continued U.S. growth, in addition to the buildout of its cell improvement and engineering groups, with the intention of bringing the Lumiant expertise to Android and iOS within the coming months,” in line with an announcement.

In September 2022, Lumiant acknowledged it had obtained an undisclosed quantity of funding from well-known monetary advisor Ric Edelman.

And, in January, Lumiant introduced a partnership with DMW Strategic Consulting.

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