Commonwealth Financial Network recently upgraded its client portal so investors can view all their accounts in one place.
The enhancement of the account aggregation tool for Investor 360° means information about investments held at and beyond Commonwealth are centralized. The broker-dealer, which works with about 1,700 independent advisors, worked with Quovo on the project.
“Clients want to see their complete financial life in one place,” said Darren Tedesco, managing principal, innovation and strategy, at Commonwealth, in a statement. “Investor360° provides that information — updated daily — for both advisor-managed and held-away assets, along with performance data, a document vault and paperless statements, and secured messaging via the advisor’s website or smartphone app.”
Other advantages of the updated account aggregator include: more reliable connections between Investor360° and outside accounts; new functionality that allows clients to manually enter assets and thus boosts advisor scale and efficiency; faster turnaround times when adding links to new institutions where accounts are held; a new “prepare account” feature for advisors to preload specific institutions that clients can refer to when adding credentials; and the ability to customize names of linked accounts.