wealthlab.io is a stand-alone REST API for professional wealth managers and their technology teams. It allows them to easily create client portals or wealth management apps using FinFolio’s well-documented APIs. For those unfamiliar with the term, representational state transfer (REST) or RESTful web services is a way of providing interoperability between computer systems on the Internet. REST-compliant Web services allow requesting systems to access and manipulate textual representations of Web resources using a uniform and predefined set of stateless operations. In other words, REST API’s empower deep integrations across web applications.
There are two primary markets for wealthlab.io. The first is for startups, including roboadvisors. The need to build custodial interfaces to ten or more RIA custodians and broker/dealers can put a strain on a young firm’s resources. With wealthlab.io, they won’t have to build it. They can have immediate access to the interfaces that they need. By the same token, building out proprietary portfolio accounting, trading and rebalancing systems can be costly and time consuming. wealthlab.io levels the playing field, and it can significantly reduce the time to market for emerging technologies.
The other primary market for wealthlab.io is larger RIA firms that want to (a) customize the user experience and (b) have their own technology staff. With wealthlab.io, firms can create custom reports, customize their own billing module, create their own robo/digital experience for clients, and much more.
wealthlab.io is capable of providing the following:
Calculations can be run at the household, strategy, client or account level. They include the following:
wealthlab.io’s trading and rebalancing capabilities are extensive. They include:
If it attracts a following, wealthlab.io has the potential to launch a new wave of innovative product spearheaded by emerging technology firms. It also has the potential to enable larger firms to further customize their end client experience while driving down operational costs.
For further information, visit: http://www.wealthlab.io