SaaS E-Commerce Workstation Provider Launches Turnkey Asset Management Platform With Digital Model Marketplace And Portal For Advisors To Manage Client Accounts
Deputy Managing Editor, Wealth Solutions Report
FusionIQ, a software-as-a-service (SaaS) e-commerce workstation provider, announced the rollout of its new turnkey asset management platform for wealth managers, called finTAMP. The white-label solution provides digital account opening, workflows, a model marketplace as well as a portal for advisors and portfolio managers.
“Financial professionals are deeply aware the adoption rates for innovative technologies are accelerating and that new, tech-savvy clients are demanding more investment options available on sophisticated platforms,” FusionIQ Chief Technology Officer John Kimbro said in the press release. As previously reported, Kimbro recently joined the firm after working for many years at Fidelity and before that at Bank of America.
finTAMP utilizes DriveWealth’s API-based technology to provide investment models that allow advisors, clients and investors to interact digitally and choose from a list of vetted institutional quality model portfolios and strategies, according to the press release.
The platform strives to generate investment proposals and automate compliance obligations while lowering the cost barrier through dynamic pricing. Its model marketplace features customized ETF models, mutual fund portfolios and equity-based portfolios reflective of conservative, moderate and aggressive strategies, according to the press release.
“As demand grows for a cutting-edge TAMP offering across independent broker-dealers, banks, credit unions, RIA firms and other wealth management businesses, FusionIQ is unveiling a new engine of growth for advisors that allows them to spend more hours on holistic financial planning,” FusionIQ CEO Mark C. Healy said in the press release.
Chris Latham, Deputy Managing Editor at Wealth Solutions Report, can be reached at clatham@wealthsolutionsreport.com
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