Financial advisors can now aggregate all of their clients’ financial data into a fully configurable online wealth management platform with advisor-built asset-class models, client risk assessments and investment portfolios
Advisors striving to improve the client experience by providing offerings tailored to their entire financial picture, can now seamlessly aggregate their client’s data into a fully customized online wealth management platform. Two of the financial services industry’s leading technology firms, Vanare | NestEgg and Quovo, today announced their strategic partnership and solutions integration. The integration will go live this summer.
“Quovo’s clean and consistent data will enhance the value of Vanare’s platform,” said Vanare CEO Rich Cancro. “Our combined solution will help advisory firms by giving them deeper knowledge of how clients manage all of their finances‹from checking account transactions, to loan and insurance payments, to assets in other savings and investment vehicles. Advisors who put our analytics to work for them can present more relevant risk analyses and relevant planning ideas to clients. They will also have more confidence in their ability to win new relationships and attract more assets under management, using the Vanare platform as part of their sales growth strategy,” Cancro said.
Advisors can put their client risk assessments, asset-class models and investment portfolios that they have built into Vanare’s online wealth management platform backed by Quovo’s aggregation technology.
Lowell Putnam, CEO and Co-Founder of Quovo, adds: “We’re excited to partner with Vanare to bring best-in-class data to their award-winning wealth management platform. The team at Vanare is building one of the most ambitious platforms in the industry, which requires the highest quality data.”
“This arrangement will bring advisors on the Vanare platform the intelligence and agility they increasingly need in our fast-changing industry,” continued Putnam. “Quovo’s normalization and reevaluation engine is able to translate data from thousands of sources into a single format that our partners can then leverage for their clients. We are pleased to partner with Vanare as they are dedicated to bringing dynamic, digital approaches to traditional advisor workflows. Their platform allows advisors to educate and serve individuals of any asset level, with holistic solutions available online, anytime, at the client’s demand,” Putnam said.
Vanare is a fully integrated wealth management technology platform built on Roboadvisor DNA. Vanare’s institutional infrastructure and Synapse API give financial services firms the modern technology they need to grow their business. Advisors can choose the service model that best fits their size, technology needs and clients. This allows the advisor to serve both traditional and roboadvisor clients using a seamless, integrated platform, which increases operational efficiency and helps grow the value of their business. With fully-digital client onboarding, account management and flexible workflows, advisors can focus on client relationships and helping investors reach their financial goals. Quovo’s aggregation technology will allow advisors to report on client held-away accounts, better manage portfolios by understanding their clients’ risk tolerance, and provide more holistic planning with a 360-degree view.
Quovo is an innovative financial data science company that addresses the needs of the wealth management industry. Quovo offers an enterprise-grade data management platform that empowers financial advisors, financial institutions, and advisor-technology providers to more intelligently aggregate, extract, manage, and analyze financial portfolio data. Quovo’s full-stack platform not only provides the essential backbone for aggregation and business intelligence analytics but also offers dashboard tools to make complex data insights intuitive. For more information, please visit www.quovo.com. Follow @quovo on Twitter.
ABOUT VANARE | NESTEGG
Vanare is a next-generation wealth management platform built on Roboadvisor DNA. With the acquisition of NestEgg Wealth in late 2014, Vanare launched the first-ever fully integrated online and traditional wealth management solution, which seamlessly includes a customizable roboadvisor option along with prospect and client management including client reporting, and flexibility across workflows, data and usability. With Vanare | NestEgg, independent advisors can build client relationships through both traditional face-to-face advice, as well as a completely digital, low-touch interaction. Founded by a team of experienced, creative financial and technology executives, Vanare continues to develop next generation enhancements ensuring the most powerful and scalable platform for the investment advisor community. To learn more, visit www.vanare.com. Follow @vanareplatform on Twitter.