Geneos Updates Technology Platform for Advisers

The latest version of the Web-based Geneos application, Nexus 2.0, automates many of the tasks associated with an independent financial adviser’s business, including account opening, compliance, and reporting, according to a press release. The open architecture platform enables its users to manage data in multiple formats and applications and allows paperless document imaging. The Web-based system also allows reps to access information virtually anywhere, the release said.

Nexus 2.0 incorporates straight-through processing, which virtually eliminates faxing and cuts printing and mailing costs and audit preparation time, according to Geneos. Nexus 2.0 also provides all client data to its clearing firm partners, Pershing and National Financial, in a single interface.

With more than 70 different reports available in the full version of Nexus 2.0, Geneos allows its representatives the ability to pick and choose the components that best suit their independent practice, the company said. “There’s no comparing Nexus 2.0’s data power over any other competing system, but the system can exist in many different forms,’ said Dean Rager, senior vice president for Geneos, in the release. “There is no paying for things you don’t need with Nexus 2.0.’