LPL Deploys New Model Wealth Portfolio Platform Feature: Tech Roundup


As more standards and compliance requirements emanate from the US Department of Labor and the Securities and Exchange Commission, BIPA has been developed to help advisors come up with portfolios that best suit their clients’ needs, document the source of funds and, if necessary, perform a rolling assessment, said Riskalyse.

Assessment can be enabled on Riskalyze Enterprise Select or Riskalyze Enterprise Elite client accounts and allows clients and advisors to document details of qualified account rollovers for 401 (k), 403 (b) and more, a- he declared.

Using BIPA, advisers can archive renewal proposals and assessments and provide those results in PDF format or in printed reports, added Riskalyze.

Seismic hits a milestone

Seismic said on Wednesday it exceeded $ 200 million in annual revenue and increased the number of active users by 45% from the previous year.

The company, which provides sales assist technology to some of America’s largest asset and wealth management companies, as well as leaders in banking and other key industries, finished its best debut. quarter to date, adding more than 50 new customers, he said.

In Europe and Asia-Pacific, Seismic achieved 182% year-over-year sales growth and recently appointed Heather Cook Vice President of APAC to lead its expansion in Australia, New Zealand and in other Asian markets. The company has also held key leadership positions over the past year, including its first product manager, and has increased its global workforce by 200 to a total of more than 1,000 employees worldwide.

In September 2020, Seismic raised $ 92 million in a Series F funding round for a total of $ 270 million raised to date. In December, the company acquired Grapevine6, a social sales engagement solution now known as Seismic LiveSocial.

AdvisorPak appoints Chief Strategy Officer

AdvisorPeak has appointed Mark Hollingsworth as its Chief Strategy Officer, a newly created executive position within the company.

He also joined the company’s board of directors in March, according to his LinkedIn profile.

Hollingsworth brings over 35 years of experience in investment management and financial services. He has held numerous positions in the industry including Founder and CEO of NEXT Financial Group, a national independent brokerage and RIA, he has grown from 2 to over 1,200 employees, and various executive positions in technology companies from wealth, in particular Riskalyze and FinMason.

AdvisorPeak’s trading and rebalancing platform currently serves more than 1,000 financial advisers, he said.

PFI Advisors launches a new digital advisory platform

PFI Advisors launched The COO Society, a new digital advisory platform designed to “provide RIAs of all sizes with the resources they need to achieve their strategic growth goals while maintaining and enhancing the high level of service that their customers expect them. . “

By promoting and training professional managers across the industry, the COO Society “will enable businesses to grow and maintain profitability by allowing RIA owners to focus on high level strategy, while allowing their teams to ‘execute this strategy by leveraging both people and technology’. according to PFI.

The new service will be available to all RIAs, who will be able to take advantage of industry training on their own schedules, from the comfort of their home or office, PFI said.

The new platform focuses on three multi-course ‘learning paths’: technology, human resources and business administration, which PFI says is valuable training for anyone, from the new service associate. client to the seasoned operations manager.

PFI offers a wide variety of support services to RIA owners and their operating professionals on an individual basis. Since launching in 2015, PFI has worked closely with operations professionals in 65 RIAs collectively managing more than $ 230 billion in assets to help them manage their growth, the company said.

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Shanta Harris

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