FusionIQ Adds FIQ Freedom Solution To Its FusionIQ One Digital Platform

Newly Launched Enhancement Supports Breakaways And Includes Compliance Tools
Mark Healy, CEO, and John Guthery, CIO, FusionIQ
Mark Healy, CEO, and John Guthery, CIO, FusionIQ

FusionIQ, a cloud-based wealth management solutions provider for financial advisors and institutions, has unveiled FIQ Freedom, the latest enhancement to its all-in-one FusionIQ One platform. FIQ Freedom is designed to support smoother transitions by advisors breaking away from wirehouses and moving to the independent model.

“We’re excited to introduce FIQ Freedom, a pioneering solution that redefines the journey to independence for financial advisors,” said Mark Healy, CEO of FusionIQ. “With FIQ Freedom, advisors can break away from conventional RIA models and embrace a new era of autonomy, efficiency and client-centricity as digital wealth leaders.”

Features of FIQ Freedom include streamlined digital compliance tools that automate anti-money laundering (AML) tracking, incorporate know your customer (KYC) processes and focus on collecting and verifying customer information through a customer identification program (CIP).

John Guthery, FusionIQ’s CIO, added, “From streamlined compliance to customizable risk tolerance assessments and sophisticated Rep as PM tools that make building, managing, analyzing and rebalancing models easy, cost-effective and painless across client accounts, FIQ Freedom equips advisors with the technology and support they need to thrive in an ever-evolving industry.”

According to a recent announcement, FIQ Freedom provides advisors with flexible tools, including a client onboarding process that offers client-driven, rep-assisted or advisor-led onboarding options. The platform’s customized risk tolerance questionnaire tailors questionnaires and scoring to accommodate each advisor’s preferences. A digital advisor workstation offers a dashboard that delivers a consolidated view of each advisor’s entire book of business.

Healy concluded, “With FIQ Freedom, we’re providing advisors with the advanced portfolio management tools, dedicated operational and technical support and flexibility they need to thrive in today’s fast-changing landscape.”

This announcement follows shortly after the firm launched its FIQ Market One tool that allows access to digital assets, alts and ETFs. In March, it announced the appointment of John Phillips as Senior Strategic Advisor.

Michael Madden, Contributing Editor and Research Analyst at Wealth Solutions Report, can be reached at mmadden@wealthsolutionsreport.com.

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