09 December 2016
Visit aciworldwide.com

Matrix Financial Solutions launches ModelTool(k)it

18 August 2014  |  1412 views  |  0 Source: Broadridge Financial Solutions

Matrix Financial Solutions, Inc. (Matrix), a Broadridge Financial Solutions, Inc. (BR) company, today announced the release of its ModelTool(k)it solution that effectively manages portfolio models of recommended mutual funds and ETFs within a 401(k) plan.

The addition of managed account services affirms Matrix's ongoing commitment to provide a full suite of solutions that help retirement plan focused financial advisors, broker-dealers and third party administrators (TPAs) differentiate and compete in the competitive small to mid-sized plan segment.

ModelTool(k)it comes to market through a strategic alliance between Matrix and Envestnet Retirement Solutions ("ERS"), a subsidiary of Envestnet, Inc. (ENV). The new offering helps meet growing investor demands of service providers and financial advisors for integrated and actively managed portfolio and investment services. An easy to implement and cost-effective solution, ModelTool(k)it is a comprehensive modeling and unitization solution that combines the more than 25,000 mutual funds and ETFs available on the Matrix Trading Platform with ERS' innovative modeling technology.

"Financial advisors and recordkeepers are looking for a simple and efficient platform to create, manage and implement model portfolios," said John Moody, President, Matrix. "ERS was the clear choice for us to provide this service to our customers due to their experience in providing investment and technology solutions. Together we have created the most comprehensive model portfolio solution the industry has to offer."

"Our partnership with Matrix exemplifies our companies' shared commitment to provide innovative and industry-leading solutions that address the needs of financial advisors and their end clients in the retirement space," said Babu Sivadasan, Group President at ERS. "The combination of the Matrix offering with our modeling capabilities delivers a comprehensive solution for advisors providing them with a potentially powerful competitive advantage in the marketplace." 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related company information

Broadridge Financial Solutions

Related blogs

Create a blog about this story (membership required)
Visit capgemini.comVisit VocaLink.comFind out more

Top topics

Most viewed Most shared
China tops world fintech rankingsChina tops world fintech rankings
8309 views comments | 38 tweets | 31 linkedin
Guesswork alone can crack Visa card security - Newcastle UniversityGuesswork alone can crack Visa card securi...
7933 views 12 comments | 15 tweets | 27 linkedin
EBA bends under weight of PSD2 mandatesEBA bends under weight of PSD2 mandates
7921 views comments | 36 tweets | 47 linkedin
Fed Governor sounds warning on alternative credit scoring dataFed Governor sounds warning on alternative...
6747 views comments | 20 tweets | 23 linkedin
PSD2 will transform the payments landscapePSD2 will transform the payments landscape
6713 views comments | 23 tweets | 13 linkedin

Featured job

Find your next job