Advisor360°, a prominent technology provider for enterprise wealth management firms, has recently introduced platform updates with the aim of delivering heightened efficiency and productivity for financial advisors and their firms in 2024. These updates encompass improvements to the Gifts and Entertainment Disclosure capability, which holds significant importance for compliance with FINRA and SEC regulations.
The enhancements are projected to diminish the time spent on manual entry by up to 90%, as well as eradicate the necessity of duplicating data across multiple fields. Ultimately, this results in a much more streamlined gifts and entertainment reporting process. Additionally, the new tool facilitates the effortless export of disclosures into tax preparation software, leading to time savings and diminished errors during data entry.
An integral feature of the upgrade is its new auto-aggregation capability, which furnishes a comprehensive overview of all gifts across the firm. This facilitates enhanced enforcement of gifts and entertainment disclosure policies, as well as the capacity to filter out client gifts and entertainment within specified threshold limits.
Mat Mathews, Chief Product and Engineering Officer at Advisor360°, has conveyed the company’s dedicated commitment towards enhancing productivity platforms and simplifying the lives of financial advisors. The company’s pledge to this cause was evident throughout 2023, as it remained focused on enhancing data quality and augmenting user productivity.
Other updates to the platform encompass expanded Digital Onboarding capabilities, a revamped household management application, integration with Envestnet/Yodlee® for importing external account data, enhancements to WealthGuide® for personalised financial planning, streamlined investment management processes, and a next generation end-client portal.
Looking towards the future, Mathews emphasized the company’s emphasis on productivity gains and actionable insights through the deployment of new tools and continual platform innovation. With the objective of providing advisors and the home office with convenient access to reliable data, Advisor360° aspires to drive improved outcomes and deliver well-informed financial guidance to clients.
Advisor360°’s acclaimed integrated and open architecture SaaS platform offers clients time-saving capabilities in portfolio and performance reporting, financial planning, insurance, proposal generation, trading and model management, digital onboarding, analytics, and compliance. The company’s proprietary Unified Data Fabric® (UDF) serves as the cornerstone of its platform, weaving together shared services and pre-built integrations that seamlessly integrate with existing technology stacks.
In summary, the recent platform updates from Advisor360° are poised to transform the operational processes of wealth management firms, promising heightened productivity and efficiency. With a steadfast focus on innovation, the company aims to deliver superior outcomes for financial advisors and their clients. To gain further insight into Advisor360° and its offerings, please visit www.advisor360.com.
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