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RIA in a Box Launches Mobile App: Tech Roundup

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RIA in a Box launched a new mobile application it said was “designed to empower” RIAs to “manage compliance planning and training in the palm of their hand.”

Advisors who use the app, available for Android and Apple iOS devices, will have access to RIA in a Box’s compliance calendar, to-do list, training videos and quizzes, it said Tuesday.

Users will be able to use the app to view the compliance calendar that is available through MyRIACompliance, in addition to discrete tasks visible on their to-do lists, RIA in a Box said. The calendar shows users compliance items that have approaching deadlines, as well as any overdue items they may have missed, it noted.

Advisors using RIA in a Box’s cybersecurity module will also be able to view monthly training videos and take accompanying quizzes, it added. The clips can be watched by all employees to ensure the full team is up to date on compliance responsibilities, it said.

Advyzon Teams With Aptus to Help Advisors

Advyzon on Thursday announced a partnership with Aptus Capital Advisors that Advyzon said was designed to “help investment advisors guide their clients through challenging economic times.”

As part of the new pact, advisors engaging with risk-mitigated investing specialist ACA can leverage the Fairhope, Alabama firm’s credentialed portfolio managers for investment ideas, in addition to ACA’s operations team “to maximize the benefit” of Advyzon’s technology, Advyzon said.

Aptus works directly with each practice to deliver custom portfolios and branded commentary. Through the new Advyzon partnership, “those services can extend into a fully supported turnkey platform, including performance reporting,” customer relationship management, billing and client outreach, Advyzon said.

Advyzon and Aptus will host a joint webinar, “Building an Environment for Growth,” Aug. 6 at 1 pm Eastern time.

FP Alpha Integrates With Redtail

Redtail Technology has become the first customer relationship management integration partner of FP Alpha’s artificial-intelligence driven wealth management solution, the companies announced.

The new capability “not only eliminates the manual steps advisors previously used when uploading their client’s contact information into the FP Alpha tool, but more importantly, turns their Redtail client data into actionable financial planning recommendations,” the fintech firms said.

Integrating with Redtail “provides a way for advisors to turn their Redtail client data into personalized recommendations for their clients,” according to Andrew Altfest, FP Alpha founder and CEO. “In addition, it creates multiple efficiencies allowing them to focus on more client engagement activities,” he said in the announcement.

The new integration syncs client data, “enabling advisors to prepopulate client information from Redtail into FP Alpha and vice versa,” the firms said.

Fiduciary Trust Launches ‘Digital Vault’

Franklin Templeton subsidiary Fiduciary Trust International introduced a new “digital vault” for encrypted document-sharing.

The innovation was implemented in partnership with cloud content management firm Box, Fiduciary Trust said Thursday.

The digital vault allows Fiduciary Trust advisors and clients to securely exchange important documents, including account statements, deeds, estate and financial plans, tax filings, trusts, and wills, within an encrypted content portal, it said.

The digital vault “supports two-way sharing of documents and delivers notifications to both advisors and clients when content is uploaded,” the firm said, adding the vault uses a higher level of encryption not available via email servers.

The vault can be accessed through Fiduciary Trust’s client website and mobile app. The firm also recently rolled out an electronic signature capability that it said was already “adopted by many clients over the past several months.”

Carillon to Buy Risk Analytics Platform

Carillon Tower Advisers announced it will acquire a proprietary financial risk analytics platform from investment banking and financial services firm Blaylock Van and hire industry veteran Steve Singleton as head of risk.

Singleton is executive vice president and director of research at Blaylock Van and chief investment officer at its SPI Strategies subsidiary. He and his three-member team will join Carillon to form a new in-house risk division.

The team plans to use the platform, known as Portfolio Risk Insights and Solutions Management (“P.R.I.S.M.”), “to provide Carillon’s partner affiliates and their autonomous investment teams with additional tools to evaluate risk in their portfolios while enhancing reporting and insights for clients,” Carillon said.

Terms of the acquisition were not provided. It is “expected to close early in the fourth quarter of 2020, subject to the satisfaction of closing conditions,” Carillon said.

Broadridge Selected By MUFG Investor Services

MUFG Investor Services selected Broadridge Financial Solutions’ Sentry Loan Portfolio Management tracking and reporting technology system to service clients in the private debt space, the companies said.

The web-based system, which Broadridge added to its solution set via its acquisition of ClearStructure Financial Technology last year, “allows MUFG Investor Services to manage all aspects of its loan administration and service clients in a more efficient way,” the firms said.

In addition to managing day-to-day loan administration, the Sentry Loan Portfolio Management system allows users to monitor compliance issues and reconcile and aggregate data to streamline or automate processes.

— Check out MaxMyInterest Integrates With Morningstar: Tech Roundup on ThinkAdvisor.


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