Home Life Insurance Envestnet Billing Platform to Give Schwab Advisors Extra Flexibility: Tech Roundup

Envestnet Billing Platform to Give Schwab Advisors Extra Flexibility: Tech Roundup

Envestnet Billing Platform to Give Schwab Advisors Extra Flexibility: Tech Roundup

Broadridge’s LTX Makes Management Modifications

LTX, Broadridge Monetary Options’ synthetic intelligence-driven digital buying and selling enterprise, as we speak introduced that Jim Kwiatkowski has been promoted to the position of CEO of LTX.

Jim Toffey, co-founder of LTX, will succeed Artwork Certosimo as chairman of the LTX board of administrators. In his position as chairman, Toffey will proceed to advertise innovation and advise on technique and evolving market construction. Artwork Certosimo will stay on the LTX board.

Kwiatkowski has spent greater than 20 years within the digital buying and selling trade. Since becoming a member of LTX in 2021 as chief income officer, he “spearheaded vital enterprise, industrial and operational developments, together with strategic integrations with key OEMS companions and progress of the buy-side and seller consumer base,” the agency mentioned.

Since launching in 2020, LTX has attracted many prime asset managers and sellers, with greater than $7 billion in initiated agency orders and a mean each day quantity of $26 billion within the Liquidity Cloud, the agency mentioned.

Invenio Joins Tru Independence

Tru Independence, a $9 billion nationwide unbiased advisory progress platform, introduced on Thursday it solid a partnership with Invenio Wealth Companions, a $250 million agency based mostly in Coral Gables, Florida.

The addition of Invenio to tru’s platform “represents a key milestone for tru, which has now added over $1 billion in belongings to its platform because the starting of the yr,” it mentioned. The pact additionally marks tru’s second partnership within the state and expands its Southeast presence.

“Tru primarily helps advisors with a powerful expertise suite, compliance oversight and skilled advisory progress counsel,” the corporate mentioned.

The Invenio partnership follows tru’s signing of Channel Wealth, a $650 million RIA based mostly in Santa Barbara, California, earlier this month.

World Predictions Launches PortfolioPilot

World Predictions, a data-driven platform for particular person buyers, mentioned PortfolioPilot, its free clever portfolio administration platform that lately launched, has already attracted practically $1 billion of belongings.

PortfolioPilot’s “a lot anticipated tax-loss harvesting characteristic has a waitlist of customers with belongings totaling $12 million and trying to scale back their tax payments by 1000’s of {dollars},” Alexander Harmsen, CEO and founding father of World Predictions, mentioned Thursday.

People utilizing PortfolioPilot can “view all their belongings in a single place, discover alternatives, decrease dangers, and act on customized suggestions, all powered by the corporate’s commercial-grade Macro Insights and Advice Engine,” the agency mentioned.

PortfolioPilot “permits customers to get a fast understanding of their complete portfolio’s efficiency and discover methods to make enhancements that may enhance their risk-adjusted returns,” it added.

Pictured: Company indicators of Charles Schwab and Envestnet (Credit score: Bloomberg/Envestnet)