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

Broadridge’s LTX Makes Leadership Changes

LTX, Broadridge Financial Solutions’ artificial intelligence-driven digital trading business, today announced that Jim Kwiatkowski has been promoted to the role of CEO of LTX.

Jim Toffey, co-founder of LTX, will succeed Art Certosimo as chairman of the LTX board of directors. In his role as chairman, Toffey will continue to promote innovation and advise on strategy and evolving market structure. Art Certosimo will remain on the LTX board.

Kwiatkowski has spent more than 20 years in the electronic trading industry. Since joining LTX in 2021 as chief revenue officer, he “spearheaded significant business, commercial and operational developments, including strategic integrations with key OEMS partners and growth of the buy-side and dealer client base,” the firm said.

Since launching in 2020, LTX has attracted many top asset managers and dealers, with more than $7 billion in initiated firm orders and an average daily volume of $26 billion in the Liquidity Cloud, the firm said.

Invenio Joins Tru Independence

Tru Independence, a $9 billion national independent advisory growth platform, announced on Thursday it forged a partnership with Invenio Wealth Partners, a $250 million firm based 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 assets to its platform since the beginning of the year,” it said. The pact also marks tru’s second partnership in the state and expands its Southeast presence.

“Tru primarily supports advisors with a strong technology suite, compliance oversight and experienced advisory growth counsel,” the company said.

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

Global Predictions Launches PortfolioPilot

Global Predictions, a data-driven platform for individual investors, said PortfolioPilot, its free intelligent portfolio management platform that recently launched, has already attracted nearly $1 billion of assets.

PortfolioPilot’s “much anticipated tax-loss harvesting feature has a waitlist of users with assets totaling $12 million and looking to reduce their tax bills by thousands of dollars,” Alexander Harmsen, CEO and founder of Global Predictions, said Thursday.

Individuals using PortfolioPilot can “view all their assets in one place, find opportunities, minimize risks, and act on personalized recommendations, all powered by the company’s commercial-grade Macro Insights and Recommendation Engine,” the firm said.

PortfolioPilot “allows users to get a quick understanding of their entire portfolio’s performance and find ways to make improvements that can increase their risk-adjusted returns,” it added.

Pictured: Corporate signs of Charles Schwab and Envestnet (Credit: Bloomberg/Envestnet)