RIAs Can Now Open, Fund and Automate Complex Portfolio-Management Processes for Traditional High-Net-Worth and New Digital Clients on a Single Wealth Management Platform
NEW YORK (September 23, 2016) –Vanare, the innovative wealth management technology platform, announced today the launch of a new integration with the industry’s leading trading and rebalancing software, TD Ameritrade’s iRebal®, using the Application Programming Interface (“API”) recently released by TD Ameritrade Institutional’s Veo® platform.
Vanare becomes one of the industry’s first third-party technology firms to integrate with the iRebal API to leverage its automated portfolio-rebalancing technology. The integration will enhance the capabilities of Spark, Vanare’s online account opening platform, and of NestEgg, its white-label “roboadvisor” solution for advisors.
Advisory firms that serve both digital and traditional clients with custom investment management solutions can now do so through a single wealth management platform, benefitting from iRebal’s best-in-class cloud-based software for rebalancing, cash management and tax-loss harvesting.
Advisors using Vanare’s technology are able to significantly reduce the time needed for account opening, funding and trading workflows. The iRebal integration, available for advisor-led relationships through Spark, also helps advisors jumpstart the onboarding process with faster, straight-through online account opening.
Spark supports 17 different account types, including individual, joint, IRA and trust accounts, and provides a choice of electronic signature or validated print documents. Advisors can send advisory agreements, disclosure documents and TD Ameritrade Institutional new-account documents directly from the platform. Both the client and the advisor receive real-time updates regarding the status of the account, and all data is retained for compliance review and oversight.
“The integration of Vanare and iRebal has the ability to truly change an advisor’s business for the better,” said Danielle Fava, director of TD Ameritrade Institutional product strategy and development. “Traditional client account opening can be cumbersome and time-consuming, but this integration simplifies the process across the board for advisors and enables firms to provide an enhanced, more timely client experience.”
For advisors launching their own roboadvisor with an end-client portal and self-service capabilities, Vanare’s private-label roboadvisor NestEgg is also integrated with iRebal, which can simultaneously rebalance hundreds of accounts while considering unique client circumstances, such as tax consequences, restrictions and liquidity needs based on an advisor’s rules. This advisor-to-consumer white-labeled digital solution is fully customizable to reflect each advisor’s approach to investment management and rebalancing.
With NestEgg and iRebal, advisors also can potentially reduce costs, improve consistency and gain efficiencies across their entire operation.
“As financial firms and advisors develop and deploy a digital strategy for their clients, they realize the amazing opportunity to transform the scalability of their business and client experience,” said Rich Cancro, founder and CEO, Vanare. “With this rollout, advisors have a seamless end-to-end experience on a single wealth management platform that allows them to successfully compete with digital-only providers across the board. Our integration with iRebal helps our institutional clients remove the anxiety about serving traditional and robo-clients efficiently and builds confidence from being prepared for the intergenerational wealth transfer.”
Advisors interested in a white-labeled roboadvice solution or online account opening platform should contact Vanare at firstname.lastname@example.org.
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, 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 financial services community. To learn more, visit www.vanare.com or follow @vanareplatform on Twitter.
ABOUT TD AMERITRADE INSTITUTIONAL
TD Ameritrade Institutional is a leading provider of comprehensive brokerage and custody services to more than 5,000 fee-based, independent registered investment advisors and their clients. Our advanced technology platform, coupled with personal support from our dedicated service teams, allows investment advisors to run their practices more efficiently and effectively while optimizing time with clients. TD Ameritrade Institutional is a division of TD Ameritrade, Inc., a brokerage subsidiary of TD Ameritrade Holding Corporation. Brokerage services provided by TD Ameritrade, Inc., member FINRA /SIPC.
To learn more about iRebal, The Intelligent Rebalancer®, visit www.tdainstitutional.com/lp/irebal.page.
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