FolioDynamix, a leading provider of web-based wealth management technology, content and services for managing the full investment and wealth advisory lifecycle, today announced it has released Version 7.2 of its award-winning FDx Singlesight platform.
FolioDynamix is the only vendor to offer a truly-unified enterprise wealth management technology platform that supports the entire fee-based advisory lifecycle - propose, research, model, trade, report and govern - across all account types. The Version 7.2 release includes a series of new enhancements designed to give investment advisors deeper performance analysis capabilities and tools to optimize cash management.
Performance reporting is critical to an advisor's ability to make the best decisions. With the FolioDynamix wealth management technology platform, advisors now have the flexibility of a 4-tier framework that allows them to customize reports down to asset class and asset type. Tiers can be defined by the advisor, and reports support roll-ups and breakdowns to show varying levels of detail. In addition, real-time online dashboards give advisors greater agility and control in making portfolio management decisions.
In addition, FolioDynamix added to its existing cash management capabilities to streamline workflows and enhance its ability to support ad-hoc and systematic distributions, including automatic matching of actual withdrawals against pending requests. Advisors will save time and benefit from more accurate timing of cash transactions.
"Thanks to our continued focus on innovation, FolioDynamix has become the go-to wealth management platform for RIA and bank trust firms looking to improve the efficiency and profitability of their wealth management business," said Joseph Mrak, chairman and CEO of FolioDynamix. "With Version 7.2, we give advisors even more power and better insight in managing customer portfolios. With the volume and pace of data accelerating every day, the FolioDynamix performance reporting and analysis capabilities give advisors much needed visibility into granular levels of information customized to their specific needs. The fact that these performance analysis capabilities sit across our broader wealth management platform uniquely enables us to deliver a complete picture of the end-to-end wealth management lifecycle, helping advisors make the best decisions for their clients."
FolioDynamix has been recognized repeatedly for its innovation in the wealth management industry, including being named the 2014 Advisory Technology Innovation of the Year and 2013 Advisory Solutions Provider of the Year by the Money Management Institute (MMI).