Source: Fintech Futures
Axos Clearing, a subsidiary of Axos Financial Inc. and a leading clearing firm that combines innovative technology with personalized service, today announced a strategic partnership with Envestnet, a provider of integrated technology, data intelligence, and wealth solutions. The partnership will integrate Envestnet’s managed account solutions into Axos Clearing’s Axos Complete portal, empowering hybrid broker-dealers (BDs) and registered investment advisers (RIAs) to enhance client service and streamline operations.
David Crow, EVP and Head of Axos Clearing, explained that the integration of Envestnet’s managed account technology into the Axos Complete platform is a significant step forward. “Partnering with Envestnet allows us to provide our clients with the tools and technology they need to thrive in a fee-based advisory model,” said Crow. “This partnership is key as we continue developing Axos Complete, our comprehensive platform for advisory and operational solutions.”
Envestnet’s managed account technology will enable Axos Clearing clients to streamline portfolio management, automate routine tasks like rebalancing and reporting, and offer a wider range of investment options, helping advisors serve clients more effectively and scale their practices.
“This new partnership further expands the reach of our managed account solutions,” said Molly Weiss, Group President of Wealth Management Platform for Envestnet. “Envestnet and Axos Clearing share a commitment to enable advisors to seamlessly meet clients where they are and address the gaps that many firms face due to a lack of comprehensive solutions. This collaboration will empower more advisors to better serve their clients and grow their practices, which is central to our mission.”
Read the full article: https://www.fintechfutures.com/techwire/axos-clearing-partners-with-envestnet-to-deliver-managed-account-solutions/
