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SS&C, HedgeCoVest Integrate on Tech Platform, Managed Account Offering

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On Thursday, SS&C Technologies Holdings announced that it is integrating with HedgeCoVest LLC’s SMArt Xchange (SMArtX) platform to offer reporting and portfolio accounting on all SMArtX accounts through SS&C’s technology solutions. SMArtX will be available exclusively to SS&C’s advisor clients, Evan Rapoport, CEO of HedgeCoVest, noted in a statement.

Advisor clients of SS&C Advent will have access to a managed account offering that provides intra-day liquidity on over 150 investment strategies, according to a press release. The SMArtX platforms uses proprietary technology to keep a real-time record of managers’ activity and automatically creates trades.

“The agreement with HedgeCoVest is a natural extension of our existing suite of portfolio accounting, performance reporting and custodial data functionality along with our vision of providing advisors with a complete wealth platform,” Dave Welling, managing director and co-general manager of SS&C Advent, said in a statement. “Our integration with SMArtX offers our clients access to investment management data within the tools they already use. Ultimately this improves the end-client experience while helping advisors achieve their business goals in a seamless and integrated workflow.”

Smarsh will offer archiving support for Slack Enterprise Grid, the platform announced on Tuesday. Users will be able to search for content shared on Slack, as well as other electronic communications like email and text messaging, through the Smarsh archiving platform. 

“Smarsh is excited to strengthen its integration with Slack, which is changing the way companies communicate,” Stephen Marsh, founder and CEO of Smarsh, said in a statement. “This development reflects our commitment to enabling customers to communicate through the channels that are best for their business.”

In addition to capuring and indexing Slack data, the Smarsh archiving platform lets users export data in multiple formats for outside counsel or regulatory examiners. Communications are stored on non-erasable, non-rewriteable media in their original formats to meet recordkeeping obligations.

(Related: What ‘BYOP’ Means for Advisors’ Social Media Compliance)

Market analysis system VectorVest announced on Monday that it launched an app to help traders analyze stock information. Free features include streaming intraday data, seven stock analyses per week, a user WatchList, enhanced stock graphs and a market overview.

Users can sign up for a free two-week trial that features unlimited stock analyses, 10 Premium WatchLists ranked by proprietary indicators, leading-edge market guidance, a daily market video, enhanced graphs and proprietary VectorVest’s data, including momentum indicator Relative Timing and Buy-Sell-Hold recommendations.

After the trial, a basic subscription can be purchased for $9.99 per month, or a premium subscription for $19.99 per month.

The app is available for iPhone and iPad.

Last month, the National Institute of Standards and Technology issued proposed updates to its 2014 Framework for Improving Critical Infrastructure Cybersecurity. The framework is a set of voluntary guidelines, not mandatory regulations, that firms can follow as they draft cybersecurity policies.

The updated framework, which is being called Version 1.1, reflects three high-priority areas where firms need to focus their cybersecurity efforts: supply chain management, authentication and information security.

The new framework recommends firms identify and enforce appropriate cybersecurity risk management procedures with their third-party vendors, which the Securities and Exchange Commission has said is an exam priority.

The proposed updates were filed with the Federal Register on Jan. 25, and comments on the updates are being accepted until April 10. A final Version 1.1 isn’t expected until the fall of 2017, according to NIST, when all public comments have been reviewed, as well as responses from a still-unscheduled workshop planned for May.

— Read Bank Regulators’ Cybersecurity Approach Is Misguided, Chamber Says on ThinkAdvisor.


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