Junxure’s history is a bit confusing because of its former association with Schwab Performance Technologies. Junxure got its start by signing an agreement to let Schwab market and support the program that Greg Friedman created for his planning business by hiring programmer Ken Golding. As part of their deal with Schwab, Friedman and Golding retained control of the software.
In 2002, Schwab announced it would stop selling new licenses to its portfolio management software and Junxure to advisors who were not Schwab custodial clients–a decision Schwab has since rescinded. But Friedman and Schwab split up. Schwab changed the name of its product recently to Schwab Portfolio Center Relationship Manager.