22 May 2018

FolioDynamix and Scivantage forge robo advisory partnership

22 September 2016  |  3086 views  |  0 Source: FolioDynamix

Financial technology industry leaders and innovators, Scivantage® and FolioDynamix, today announced a joint partnership from the main stage of the FolioDynamix Client Conference in San Antonio.

The firms plan to deliver an enterprise-grade digital advice solution allowing advisors to collaborate with clients of all account sizes. This becomes especially important in light of new DOL Fiduciary Rule guidelines, which can make advising small-but-growing investors problematic.

The solution leverages Scivantage’s existing digital wealth management platform and integrates it with FolioDynamix’s industry-leading managed accounts platform. This delivers an enterprise-grade, unified digital experience that includes digital investment and robo alongside full service, managed account, self-directed brokerage, and multi-channel solutions.

FolioDynamix is a strong advocate for the seamless pairing of technology and investment advice. The new solution is an example of this approach. It provides an integrated client portal with additional self-service options, allowing advisors to offer both automated solutions and collaboration opportunities to their client base.

“Ongoing research has shown that investors—even millennials, who are comfortable with technology—are searching for a hybrid model when it comes to wealth management,” says Joe Stensland, Chief Commercial Officer, Digital Wealth, Scivantage. “Delivering a digital robo advice solution at the enterprise level is the way to address this, and integrating market-tested solutions from Scivantage and FolioDynamix is the logical answer. Both companies already have a piece of the puzzle and fitting those together puts us in a unique position to provide the advanced solutions firms are looking for.”

“At FolioDynamix, we have coined the term ‘fiborg’ because we believe it captures the evolution in the marketplace,” says Steve Dunlap, President and COO of FolioDynamix. “The future is not about robots—or robo advisors—replacing human advisors. It is about advisors taking advantage of technology to work efficiently. Think cyborg—humans taking the best from technology—fiborg is that combination. Advisors and firms who leverage technology effectively will be ahead, and we are pleased to enable that.”

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