Orion Portfolio Solutions Selects Docupace For Automation: Tech Roundup

What You Need to Know

Orion Portfolio Solutions has selected the Docupace Platform to automate workflows for its wealth management platform.
Morgan Stanley held its first global in-person Demo Day.
Fidelity’s eMoney Advisor launched new features allowing advisors to show clients the impact Roth conversions and other tax strategies have on their financial plans.

Orion Portfolio Solutions has selected the Docupace Platform to automate workflows for its wealth management platform, Docupace said Wednesday.

“Automation and streamlined workflows have become an imperative across the wealth management landscape,” Docupace said in a news release, pointing to a study from Accenture showing that 93% of executives surveyed expected to have optimized front-to-back process automation across internal and external partners by 2025.

The Docupace Platform’s workflow engine makes it easy to automate compliance and business process rules by providing alerts and notifications, configurable digital operations, intelligent routing, easy-to-use prebuilt workflows, and standardization with a data synchronization engine.

Orion Portfolio Solutions offers an open architecture, turnkey asset management program that managed $60 billion of wealth management platform assets as of Dec. 31.

Morgan Stanley Hosts Demo Day

Gentreo, a next-generation estate planning software solution helping families and caregivers to prepare, plan and protect their assets, was one of the pitches made Feb. 8, during Morgan Stanley’s first global in-person Demo Day.

Morgan Stanley served as the host for 10 participating companies from the U.S. and Europe, the Middle East and Africa. The companies, all founded by women, made pitches to more than 200 investors, as well as potential business partners and customers, the wirehouse said.

For the past five months, Morgan Stanley’s Inclusive Ventures Lab supported its eighth cohort of technology-enabled startups in the post-seed to Series A funding round stage, offering an “intensive accelerator program designed to provide a variety of mentorship opportunities and business-growth resources from across the firm’s network.”

The Morgan Stanley Inclusive Ventures Lab is under the umbrella of the Morgan Stanley Inclusive Ventures Group, formerly known as the Multicultural Client Strategy Group, which was renamed to reflect the group’s evolution and global expansion.

Founded in 2017, the Lab has hosted 69 participating companies with a combined valuation of more than $670 million, Morgan Stanley said. Following the Lab’s global expansion in 2022, the next cohort will support up to 15 companies in the U.S. and 10 companies abroad, it added.

eMoney Advisor Adds New Features

Fidelity’s eMoney Advisor launched new features allowing advisors to show their clients the impact Roth conversions and other tax strategies have on their financial plans.

The new tools, Tax Bracket Report and Automated Bracket-Based Roth Conversion, “can be leveraged in the Decision Center, eMoney’s most widely used interactive cash flow-based planning experience,” the company said.

The Tax Bracket Report overlays a client’s tax bracket floor with his or her annual income tax base and the taxable portion of any Roth conversion. It also includes additional insight into what remains in the federal marginal bracket for each year, identifying new opportunities and topics for conversation, eMoney said.