Product Partnerships – 3/6/24

Pontera and AdvisorEngine Integration to Streamline 401(k) Management

Pontera and AdvisorEngine have announced a partnership to streamline retirement plan asset management.

Through this integration, advisers using Pontera and the AdvisorEngine Wealth Platform, including AdvisorEngine CRM, can offer investment management, performance reporting and billing across clients’ entire portfolios, including 401(k)s, 403(b)s and other workplace retirement plan accounts. Advisers using both solutions can analyze and rebalance plan holdings as part of an end-to-end, personalized financial plan that better addresses their clients’ needs.

“We’re excited to work with Pontera to deliver an integrated solution that enables advisors to present clients with enhanced transparency of their full-portfolio performance,” said Ned Dane, chief growth officer at AdvisorEngine, in a statement.

Through the integration, advisers using Pontera and AdvisorEngine can:

• Run performance reporting and billing across a client’s financial picture, including retirement plan accounts, using AdvisorEngine’s portfolio management tools;
• Provide more comprehensive portfolio management by integrating 401(k)s, 403(b)s and other held-away accounts into their clients’ overall financial plan and deliver more informed and personalized advice;
• Implement more cohesive investment strategies that consider all components of a client’s wealth; and
• Leverage enhanced insights into asset allocation and strategies that can improve financial outcomes for clients.

New Integration Between Income Lab and PreciseFP Announced

Income Laboratory Inc., a retirement distribution planning software company, and PreciseFP, a client engagement and data gathering platform from Docupace Technologies, announced a data integration partnership. This new API integration helps financial advisers save time and streamline the retirement planning process.

PreciseFP offers a paperless onboarding process through customizable agreements with e-signature capabilities. The platform eliminates the need for client paperwork and automates the collection of financial data.

Built utilizing PreciseFP’’s developer APIs, the Income Lab integration with PreciseFP allows advisers to efficiently create a retirement income plan using household data from PreciseFP on clients’ income sources, expenses, assets, liabilities, insurance and more.

“The integration allows advisers to build detailed plans quickly and efficiently, with minimal manual input, by connecting Income Lab to important client data,” Johnny Poulsen, co-founder and CEO of Income Lab, said in a statement.

Cetera and Wealth Access Launch Data Insights Platform

Cetera Financial Group announced a partnership with Wealth Access, a customer data insights platform, to unite brokerage, trust and digital banking.

“The industry has long needed an efficient solution to gather data from a client’s financial portfolio,” said David Benskin, founder and CEO of Wealth Access, in a statement. “At our 2023 summit, we discussed creating an integrated solution like this, and I am proud to say it now exists. It is the only product that unifies and streamlines data across multiple platforms and integrates this level of detail. Furthermore, our digital banking clients also benefit from access to brokerages and trust via this partnership.”

Using Wealth Access, advisers can create a view of a client’s most accurate and current financial picture across brokerage, trust and digital banking. Clients of Cetera’s financial institutions and advisers will have access to this integration.

“Wealth Access’ unique ability to clearly and holistically unify and display a client’s financial portfolio is truly unmatched in the industry,” said LeAnn Rummel, CEO and president of Cetera Investment Services, in a statement.