Pontera Adds RIA Summit Financial to 401(k) Management Platform

Pontera, the financial technology firm that syncs financial advisers with clients’ retirement saving accounts, has added another partner to its roster through a collaboration with Summit Financial LLC, the firms announced Wednesday.

Registered investment advisory Summit, which oversees $9 billion in client assets, will use Pontera’s technology to gain access to view and manage client 401(k) and 403(b) accounts alongside their other assets, according to the announcement.

Pontera has been steadily penning deals with advisories for its services—including recent transactions with SageView Advisory Group and Founders Financial Securities LLC—as it takes advantage of a push toward advisers providing more holistic wealth management that takes retirement saving plans into account, along with other investments and holdings.

“In over a decade assisting Americans to understand and optimize their retirement plan accounts, we’ve seen overwhelming demand for help from personal advisers to incorporate these assets in a comprehensive strategy,” David Goldman, chief business officer at Pontera, said in a statement. “We look forward to working closely with the Summit adviser community.”

Using Pontera’s platform, Summit advisers can analyze, rebalance and monitor held-away retirement accounts as part of their investment strategies, according to the announcement.

“At our core, Summit is hyper-focused on empowering growth for our advisers and their clients,” Stan Gregor, CEO of Summit Financial Holdings, said in a statement. “The addition of Pontera to our comprehensive suite of digital tools will enrich both client experiences and outcomes with extensive held-away account management.”

Pontera, founded in 2012, works with RIAs, broker/dealers and financial institutions to connect advisement services with workplace retirement investments. The platform helps advisors fully consider retirement assets in investment planning. It allows advisors to proactively rebalance accounts, and provides them with features such as automatic supervision logging that streamline compliance processes, according to the company’s website.