Schwab Intelligent Technologies Expands Envestnet | Tamarac® Integration, Adds NaviPro™ Planning Suite and MoneyGuidePro™ to Schwab OpenView Gateway™ for RIAs
Schwab Intelligent Technologies™ announced today new participants in
Schwab OpenView Gateway™ along with enhancements to the Schwab Advisor
Services proprietary web trading platform to increase the depth and
breadth of Schwab’s technology offerings for advisors and better
facilitate day-to-day business activities with both Schwab and their
clients. New additions to Gateway include Envestnet | Tamarac’s Advisor
Rebalancing® application, PIEtech’s MoneyGuidePro, and Zywave’s NaviPro
Planning Suite introducing both financial planning as well as trading
and rebalancing integration to the program.
“Over the past two years, we have built on the foundation of Schwab
Intelligent Integration and now have over 700 RIA firms leveraging the
integrations through a range of solutions,” said Neesha Hathi, senior
vice president, Advisor Technology Solutions. “Today, in addition to
working with existing providers to deepen their integration, we are
introducing a new round of capabilities and relationships that deliver a
richer and more expansive set of integration options for advisors.”
Expansion of Schwab OpenView Gateway
Schwab OpenView Gateway, the flexible, open-architecture technology
platform that enables integration between Schwab systems and those of
participating technology providers, is extending its reach to include
integration with financial planning and trading and rebalancing
providers.
The Gateway program will now include Tamarac’s popular Advisor
Rebalancing® application. Advisors will be able to access Schwab’s
real-time custody data via the application to make more informed
rebalancing and trade execution decisions. Tamarac will also be
integrating with Schwab’s new web trading platform to provide advisors
with streamlined processing of account-level trades as well as block
trades and allocations.
In addition, Schwab Intelligent Technologies is announcing the
participation of two technology providers who offer financial planning
solutions: PIEtech’s MoneyGuidePro and Zywave’s NaviPro Planning Suite.
Initial integrations with Zywave and MoneyGuidePro will be focused on
facilitating the seamless integration of client profile and client
account information including balances and positions, creating more
efficiency for advisors and operational staff.
“As RIAs continue to look for efficiencies in managing both investment
portfolios and relationships with their clients, we expanded the breadth
of Schwab OpenView Gateway integration to help RIAs enhance additional
areas of their practice,” said Hathi. “Building integration with Zywave
and MoneyGuidePro and deepening our relationship with Tamarac will help
advisors gain efficiencies and deliver a better client experience.”
Today, Schwab OpenView Gateway offers integration between Schwab systems
and a range of industry leading providers. Schwab Intelligent
Technologies has broadened this integration to include multi-custodial
views for those advisors who use PortfolioCenter Hosted. Additionally,
advisors will soon have the capability within their CRM to initiate move
money transactions on Schwab Advisor Center as well as apply changes to
the portfolio management data from their CRM.
“Our new ‘bi-directional’ integration capabilities add another dimension
to Schwab Intelligent Integration and are especially powerful for firms
who leverage CRM as a core platform,” said Brian Shenson, vice
president, Advisor Technology Solutions. “Advisors can now reap the
benefits of thoughtful, deliberate integration between disparate
technologies.”
In addition to the new participants in Schwab OpenView Gateway,
portfolio management integration continues with the pilot of Advent’s
Black Diamond, extending availability of Schwab's custodial data to
include intraday information and operational alerts.
New web trading platform to launch in Q3
Beginning in July, Schwab will begin rolling out a new web trading
platform that is deeply integrated with Schwab Advisor Center. The new
platform will feature a revamped order entry experience with a new,
high-level modular dashboard giving advisors quick and easy access to
contextual information (such as research and the impact of trades on
balances) at key steps in the trading process.
“Our client base, comprised of nearly 7,000 advisory firms, is
incredibly diverse with varying trading and workflow needs,” said Hathi.
“We built a more flexible, intuitive web trading experience within
Schwab Advisor Center that will provide an enhanced, integrated trading
experience for all types of firms.”
About Advent
Advent Software, Inc., a global firm, has provided trusted solutions to
the world’s financial professionals since 1983. Firms in more than 60
countries count on Advent technology to run their mission-critical
operations. Advent’s quality software, data, services and tools enable
financial professionals to improve service and communication to their
clients, allowing them to grow their business while controlling
operational risks and costs. Advent is the only financial services
software company to be awarded the Service Capability and Performance
certification for being a world-class support and services organization.
For more information on Advent products visit www.advent.com/about/resources/demos/pr.
Advent, the Advent logo, Advent Software, Advent Portfolio Exchange and
Advent OnDemand are registered trademarks of Advent Software, Inc. All
other company names or marks mentioned herein are those of their
respective owners.
About Envestnet | Tamarac
Envestnet, Inc. (NYSE: ENV) is a leading provider of technology-enabled
wealth management solutions to investment advisors. Envestnet's Advisor
Suite® software empowers advisors to better manage client outcomes and
strengthen their practice. Envestnet offers advanced portfolio solutions
through its Portfolio Management Consultants Group, Envestnet | PMC®.
Envestnet | Tamarac provides leading rebalancing, reporting and practice
management software. Envestnet | Prima provides institutional-quality
research and due diligence on investment and fund managers. Envestnet |
Vantage™ gives advisors an in-depth view of clients’ investments,
empowering them to give holistic, personalized advice.
For more information on Envestnet, please visit www.envestnet.com.
For more information on Envestnet | Tamarac, please visit www.tamaracinc.com
About Zywave
Zywave is the leading provider of software-as-a-service (SaaS)
technology solutions for the insurance and financial services
industries. The company’s products include Web-enabled marketing
communications, business intelligence and analytics, agency automation,
and needs-assessment and financial planning tools. More than 350,000
financial and insurance professionals, including 90 of the Top 100 U.S.
insurance firms and dozens of the world’s largest financial
institutions, use Zywave’s proven solutions to help them differentiate
from the competition, enhance client services, improve efficiencies and
achieve organic growth. To learn more, visit www.zywave.com.
About PIEtech, Inc.
PIEtech, Inc. is the creator of the leading goal-based financial
planning software, MoneyGuidePro™ (MGP). MGP has been selected four
years in a row by the Financial Planning Magazine Technology survey, as
the most used financial planning software by RIAs. Its popularity is
driven by MGP’s unique ability to make sophisticated, goal-based
planning fast and easy. PIEtech believes that every investor needs and
deserves a high quality financial plan and that every Advisor should
have the means to provide it. Because MGP is smart, easy-to-use and
adaptable, each Advisor can provide a personalized planning experience
for each client. MGP includes retirement and college planning, asset
allocation, insurance needs analysis and estate planning. For more
information or to register for a free trial, visit www.moneyguidepro.com
or call (800) 841-5312.
About Schwab Intelligent Integration
Schwab Intelligent Integration is a multi-year initiative designed to
increase integration between disparate systems and workflows in
advisors’ offices. Schwab OpenView Integrated Office™ is a product of
Schwab Performance Technologies® and includes integration with
Salesforce CRM. Schwab OpenView Gateway™ and the Schwab OpenView
Workflow Library™ are products of Schwab Intelligent Technologies™.
Participating providers in Schwab OpenView Gateway are Junxure,
Microsoft, Salentica, salesforce.com, and Tamarac. More information
about Schwab Intelligent Integration is available at www.schwabintelligenttechnologies.com.
About Charles Schwab
At Charles Schwab we believe in the power of investing to help
individuals create a better tomorrow. We have a history of challenging
the status quo in our industry, innovating in ways that benefit
investors and the advisors and employers who serve them, and championing
our clients’ goals with passion and integrity.
More information is available at www.aboutschwab.com.
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Disclosures
Through its operating subsidiaries, The Charles Schwab Corporation
(NYSE: SCHW) provides a full range of securities brokerage, banking,
money management and financial advisory services to individual investors
and independent investment advisors. Its broker-dealer subsidiary,
Charles Schwab & Co., Inc. (member SIPC,
www.sipc.org),
and affiliates offer a complete range of investment services and
products including an extensive selection of mutual funds; financial
planning and investment advice; retirement plan and equity compensation
plan services; compliance and trade monitoring solutions; referrals to
independent fee-based investment advisors; and custodial, operational
and trading support for independent, fee-based investment advisors
through Schwab Advisor Services. Its banking subsidiary, Charles Schwab
Bank (member FDIC and an Equal Housing Lender), provides banking and
lending services and products. More information is available at www.schwab.com
and www.aboutschwab.com.
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Third party firms are not affiliated with or employed by Charles Schwab
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Copyright Business Wire 2013