EMoney Advisor announced on Thursday that it has launched a new division, eMoney for Enterprise, to provide support and products specifically for enterprise clients.
The firm said in a statement that since 2015, it has seen a 24% increase in the number of enterprise firms adopting its platform. Enterprise clients now make up approximately 40% of eMoney’s user base, according to the company.
“We believe that the value advisors bring to their clients transcends the size of their practice, and we are committed to delivering solutions that support a wide range of advisors and firms with diverse needs,” Ed O’Brien, CEO of eMoney, said in the statement.
O’Brien, who served as senior vice president and head of platform technology at Fidelity until he took over as head of eMoney last year, noted that the firm has worked to gain its users’ trust “advisor by advisor, relationship by relationship” over the past 16 years.
“Given the experiences we’ve developed in supporting large-scale deployments – as well as a meaningful number of true enterprise relationships – we think it’s the right time to launch this new division for financial institutions looking to implement technology across their entire user-base,” he said.