Integration with FolioDynamix technology and advisory services provides innovative alternative to traditional advisory tools
NEW YORK [December 1, 2015] – Vanare | NestEgg, the wealth management technology platform built on Roboadvisor DNA serving high net worth and Millennial clients, today announced that its fully-integrated platform has gathered $1.5 billion in assets and 30,000 accounts in just over a year since its July 2014 launch.
The only wealth management technology platform with an integrated, private-label and customizable Roboadvisor solution for financial firms, Vanare is also one of the only Roboadvisors with a unified managed account (UMA) offering. The UMA is provided in partnership with FolioDynamix, which delivers enterprise-scale wealth management technology, investment research and advisory programs.
“We are extremely proud of reaching this significant milestone so soon after our launch,” said Rich Cancro, founder and CEO of Vanare. “Interest in the platform has been dynamic, validating our belief that advisors are tired of patching together disparate wealth management tools. Financial firms tell us that having all of these capabilities and data integrated in one place transforms their business model.”
Last year, when creating the new wealth management technology platform, Vanare teamed up with FolioDynamix, a leading provider of web-based technology, content and services for managing the investment and wealth advisory lifecycle. FolioDynamix is deeply integrated into the Vanare platform bringing in powerful data, workflow, and investment management capabilities. Vanare’s private label Roboadvisor and client portal, online client onboarding, fee billing capability, practice and portfolio management tools, and operational dashboards combine with FolioDynamix’ trading and rebalancing tools and performance reporting to offer a powerful and comprehensive solution to advisors. This differentiated offering is a best-in-class platform designed with ease of use and elegance in mind, while delivering a deep enterprise-level infrastructure.
Partners in Innovation, Fueling Advisor Growth
Together the two firms have been able to provide advisors with an innovative alternative to traditional advisory tools. The combination of technology from each company resulted in a platform that delivers easy-to-use and highly intuitive workflows helping advisors improve efficiency, gain better insights faster and free up more time to focus on client management and portfolio strategy.
“Vanare is focused on delivering a wealth management platform to enhance asset growth for Advisors and deepen their client relationships,” said Cancro. “FolioDynamix’ institutional scalability, robust trading and rebalancing tools, as well as its advisory services for fee-based assets and compliance strength, make the solution a perfect fit.”
In addition, Vanare’s technology provides access to FolioDynamix turnkey advisory services through FDx Advisors, an RIA affiliate of FolioDynamix. The investment advisory services include full-service mutual fund / ETF wrap and unified managed account (UMA) and model-based separately managed account (SMA) programs.
“We share each other’s vision to provide cohesive, forward-looking wealth management technology that will help advisors grow their business while meeting the high demands and expectations of investors,” said Joseph Mrak, chairman and CEO of FolioDynamix.
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, RIAs 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, contact the firm at firstname.lastname@example.org or follow at @vanareplatform.
FolioDynamix offers the most comprehensive, secure cloud-based wealth management technology platform for managing the full advisory lifecycle – proposal generation, research, model management, portfolio management, reporting and operations. The FolioDynamix wealth management platform is truly unified, eliminating silos and empowering advisors with a single platform to manage all customer accounts. FolioDynamix provides registered investment advisors, banks, broker dealers, custodians and wealth service providers with leading-edge technology to attract and retain advisors, accelerate client acquisition and gain visibility across all assets under management. The results are improved efficiency, stronger compliance, enhanced client service and faster growth. FolioDynamix is an Actua company (Nasdaq: ACTA). Visit www.foliodynamix.com. Follow @foliodx on Twitter.