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Native integration pushes the boundaries of advisor and custody technology
Phoenix, February 22, 2024–(BUSINESS WIRE)–Advyzon, a provider of comprehensive services and technology platforms and portfolio management solutions for financial advisors and investment managers, today announced a new custody agreement with Apex Advisor Solutions, a division of Apex Fintech Solutions Inc. and announced the consolidation of its retail investment infrastructure. (Apex) powers the future of wealth management with digital custody and clearing offered through Apex Clearing Corporation. The collaboration was announced during the inaugural Advyzon conference to be held in Phoenix, Arizona, February 20-22, 2024. Apex is also participating, sponsoring, and exhibiting at the conference and will be participating in the Custodial Technology Panel today at 8:55 a.m. PT.
Registered investment advisors (RIAs) use Apex’s robust custody and clearing platform and capital structure to help their clients with everything from real-time onboarding and account funding to custody, trading, clearing, cost basis and tax reporting. Manage your investment accounts. Advisors can now leverage Advyzon’s award-winning, comprehensive technology platform. This integration includes new account opening workflows, initial account funding, fund transfers, custodian fee file submissions, and FIX transactions.
“At Apex, we are focused on improving RIA efficiency,” explains Olivia Eisinger, GM of Advisory at Apex Fintech Solutions. “Our straight-through processing helps eliminate confusion by allowing operational processes such as account opening and funding to be performed in a streamlined workflow. No more jumping through hoops or different steps. .It’s seamless and real-time.Second, advisors can hit the ground running.” Processing directly within Advyzon, a technology deeply integrated into the Apex Astra ecosystem, saves valuable time and eliminates frustrating system and reduce context switching. ”
Advyzon’s cloud-based platform for financial advisors combines portfolio management, customizable performance reporting, trading and rebalancing, client web portals, client relationship management (CRM), client billing, document storage, and third-party It also features a model marketplace with access to strategists and/or. or turnkey asset management through Advyzon Investment Management (AIM). This comprehensive solution allows advisors to efficiently manage client accounts while facilitating financial planning and investment advisory firm operations. Advyzon currently serves over 1,500 advisory firms.
said John Mackowiak, Chief Revenue Officer at Advyzon. “We’re very excited about our collaboration with Apex and have really enjoyed working with their team throughout the process of building the integration.” We expect it to be well-received and to be cutting edge from an integration perspective. I think some of the things they’re bringing to market will drive custodial consolidation.” To the next level. . ”
Pushing the limits of advisors and storage technology
Advisors using Apex and Advyzon now have a streamlined workflow for opening new accounts. When an advisor begins the process of opening a new account, the form will be pre-filled with all information saved for the client in connection with the application. The advisor can then send the form to the client to fill out, review, and sign on her web portal.
Once an advisor submits a new account application, the client can complete the initial account funding process in the client portal. This integration supports her two funding methods: Automated Customer Account Transfer (ACAT) and Automated Clearing House Network (ACH). This integration also simplifies the transfer of funds, including deposits and withdrawals to your Apex account. This process is led by the advisor, but clients can view deposits and withdrawals in their client portal.
This integration is designed to simplify the submission of custodian rate files by allowing users to submit billing rate files directly from Advyzon via the API, downloading and then uploading them to the custodian. No longer needed.
Finally, this integration supports Financial Information Exchange (FIX) trading. FIX has become the standard electronic protocol for pre-trade communications and trade execution, as well as US regulatory reporting.
About Adobezon
Advyzon provides comprehensive and intuitive cloud-based wealth management technology and investment management services to independent financial advisors and registered investment advisors (RIAs). The Advyzon technology platform is a combination of portfolio management, customizable performance reporting, trading and rebalancing, client web portal, client relationship management (CRM), client billing, and document storage provided by Advyzon Investment Management, LLC. It also provides investment management services and a model marketplace. . His Advyzon, an entrepreneurial team led by CEO Dr. Hailin Li, CFA®, strives to innovate in strategic and profitable ways. Financial advisor drives innovation and integration of his Advyzon. Their superior technology and unparalleled service exist to improve the advisor experience, whether it’s managing portfolios and companies, or engaging and growing clients. For more information about Advyzon, please visit www.Advyzon.com. For more information about Advyzon Investment Management, please visit www.AdvyzonIM.com.
About the APEX Advisor solution
Apex Advisor Solutions powers the future of wealth management with digital custody and clearing offered through Apex Clearing Corporation. Apex Astra is a suite of custodial UI and advisor-centric products based on Apex Clearing Corporation’s suite of operationally efficient APIs used by fintech leaders for more than a decade. Apex Advisor Solutions is a division of Apex Fintech Solutions Inc. Apex Clearing Corporation is a wholly owned subsidiary of Apex Fintech Solutions Inc., an SEC registered broker-dealer, member FINRA and SIPC, and licensed in 53 states and territories. . The securities products and services referenced herein are provided by Apex Clearing Corporation. FINRA BrokerCheck reports for Apex Clearing Corporation are available at http://www.finra.org/brokercheck.
About APEX Fintech Solutions
Apex Fintech Solutions is a leading fintech company that enables seamless access and frictionless investing. Apex’s omni suite of scalable solutions powers innovation and evolution for hundreds of today’s market leaders, challengers, change-makers, and visionaries. The company’s digital ecosystem creates an environment where clients with the biggest ideas can have the power to change the world. Apex helps our partners lead the industry through bespoke custody and clearing, advisory, institutional, digital assets, and SaaS solutions through the Apex Clearing™, Apex Advisor Solutions™, Apex Silver™, and Apex CODA Markets™ brands. We are working to help you succeed on the front lines. . For more information, please visit the Apex Fintech Solutions website at www.ApexFintechSolutions.com.
View source version on businesswire.com. https://www.businesswire.com/news/home/20240222108217/ja/
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