RBC Clearing Launches New Tech Platform for RIAs, BDs: Tech Roundup

What You Need to Know

The new RBC Nexus technology platform has launched for RIAs and independent BDs.
Catchlight’s new AI-driven growth optimization tech has been integrated with Redtail Technology’s CRM solutions.
AssetMark launched a values-driven investing program and released its first ESG report.

RBC Clearing and Custody has launched RBC Nexus, a new unified technology platform and secure entry point for all registered investment advisors and independent broker-dealers, it said.

RBC Nexus is the “only platform financial professionals need to conduct all business with RBC C&C, minimizing the need to access multiple applications or manage integrations,” the RBC Capital Markets division said.

The new platform was developed to “help financial professionals more efficiently manage their client relationships, operate their book of business and access RBC C&C’s full array of technology tools in one place,” it said.

Along with managing their books of business in RBC Nexus, financial professionals can take advantage of several new integrated capabilities, including a new digital account opening platform powered by Docupace and client asset reporting with RBC C&C’s new performance reporting solution powered by Addepar.

“RBC Nexus centralizes all these functionalities, and more, at no additional cost,” and is device and operating system agnostic, the company said.

“RBC Nexus is the culmination of a three-year technology transformation journey that will reinvent the advisor and client experience for firms that clear and custody through RBC C&C,” Noel Stave, RBC C&C CTO, said in a statement.

“We’ve invested more in technology during the past three years than ever in our forty years in the business,” he added.

Catchlight Integrates With Redtail

New artificial intelligence-driven growth optimization technology from Catchlight Insights has been integrated with Redtail Technology’s client relationship management solutions for financial services firms, the companies said Tuesday.

The Catchlight AI tech, which was developed in Fidelity Labs, the software incubator for Fidelity Investments, helps advisors quickly uncover their best leads, according to the firms. The integration with Redtail will make it easier for advisors to “understand and prioritize their roster of potential clients,” the companies said.

Catchlight uses institutional data partners and analysis of more than 100,000 successful conversions to find leads who are most likely to need an advisor’s help, the companies said.

Orion Advisor Solutions recently announced it’s buying Redtail for an undisclosed price.

Catchlight is available for advisors on an early access basis, with a full launch to follow on May 2.

AssetMark Launches Values-Driven Program

AssetMark launched a values-driven investing program and released its inaugural environmental, social and governance report.

The company’s new values-driven investment solutions “give advisors the ability to align their clients’ portfolios with their personal values consistent with their overall financial goals,” the firm said.

The first set of strategies launching on the AssetMark platform include: BlackRock Target Allocation ESG Models, Nuveen ESG Growth Model Portfolios, Brown Advisory Large-Cap Sustainable Growth and AllianceBernstein Sustainable Global Thematic ADR Portfolio.

Advisors will also have access to a suite of resources including client discovery tools, due diligence resources, ESG/impact reporting and educational materials.

Broadridge’s LTX Launches Buy-Side Group

Fintech firm Broadridge Financial Solutions created a new Buy-Side Advisory Group for LTX, its AI-driven electronic trading platform, it said Thursday.

The Advisory Group will play a major role in “evolving LTX and contributing to the development of solutions that drive greater efficiency and liquidity in the bond market,” according to Broadridge.

The Buy-Side Advisory Group is made up of senior credit traders at LTX client firms including AllianceBernstein, American Century Investments, BlackRock, Invesco, MetLife Investment Management, Pimco and PineBridge Investments.