Vestmark Adds 6 New SMA Strategies: Tech Roundup
The software company specializes in partnership enablement and provides a universal system to connect and communicate seamlessly across every stage of investment partnerships, it said Tuesday.
Most recently, Anderson was chief client success officer for Envestnet, which acquired Anderson’s previous employer, investment management software company Tamarac, in 2012. As one of its earliest employees, ”Anderson created and built the service organization for its software product, then ascended to managing director of client relations before being tapped to head the entire Tamarac business unit for Envestnet,” Juniper Square said.
As chief client success officer at Envestnet, Anderson was responsible for bringing together the Tamarac and Envestnet service teams to create a single service organization across the merged company’s suite of products and services, Juniper Square said.
Lumiant Teams With DMW to Help Advisors
Advice and client engagement platform Lumiant announced a partnership with DMW Strategic Consulting on Tuesday that “will support advisors in creating a more memorable, meaningful and client-centric advice experience,” according to Lumiant.
According to Lumiant, its platform “empowers advisors to connect with clients and families around their lives, values and finances.”
DMW, which specializes in practice management and customer experience solutions for the financial services industry, helps advisory firms “shift their focus from service to experience,” according to Lumiant.
As part of the new pact, DMW will advise firms on how to best incorporate Lumiant’s offering and augment the client experience, Lumiant said.
DMW will also mentor members of the Lumiant community, providing education and development in practice management, client experience design and implementation.
The firms believe the value of financial planning “transcends the output of advice and portfolio management,” Lumiant said. As part of the new partnership, the companies “will look to develop a more robust and complete solution that supports advisors in delivering an impactful, valuable and enjoyable client experience—ultimately driving referrals, retention and revenue growth.”
BridgeFT Launches WealthTech API
Wealth infrastructure software company Bridge Financial Technology launched WealthTech API, a cloud-based WealthTech-as-a-Service platform that it said Tuesday provides a single, open application programming interface to “trade-ready, multi-custodial data, analytics, and applications.”
BridgeFT enables financial institutions, fintech firms and RIAs to deliver better, data-driven outcomes for clients, it said.
In conjunction with the WealthTech API launch and to “amplify the cloud-native, API-first focus of the company,” the company also formally rebranded itself BridgeFT, it said.
Elements Gets $5M in Funding
Elements, the developer of a mobile-first, client-centric financial monitoring platform, said Tuesday it secured a $5 million seed extension round to “support its continued growth trajectory.”
The round was led by Kansas-based Flyover Capital and joined by existing investors Forward VC, Grand Ventures, Kickstart Fund, SaaS Venture Capital and angel investors.
The new capital boosted Elements’ total funds raised to date to over $9 million, it said, adding that it follows a year in which the company “achieved 10x year-over-year growth in the number of advisory firms onboarded to its platform.” Elements now has about 260 firms as clients, it added.
Elements features an easy-to-use mobile app that it said allows clients to quickly input their financial data. Advisors can then leverage that information as well as 12 key financial vital signs— one for each major area of personal finance, including savings, tax and burn rate — to have meaningful conversations with their clients, it said.
Comply Adds Executives
Comply, a provider of compliance software, consulting and education resources for the financial services sector, has added to its roster of executives, naming Eric White as president, Nathan Remmes as chief growth officer and Daniel Sanders as CFO.
The firm’s clients include ComplySci, National Regulatory Services and RIA in a Box, Comply said.
White will work to scale the company and drive product and technology innovation to accelerate its long-term growth plans, as well as oversee potential future M&A activities, Comply said.
White most recently served as chief operating officer at automation firm Emburse. Over the past 20 years, White “led and supported more than 25 mergers and acquisitions, helping organizations increase value, realize growth potential and expand their customer base,” Comply said.
Remmes, meanwhile, will lead the company’s sales and revenue operations, as well as its marketing and communications efforts. He joins Comply from SalesLoft, the creator of a digital sales engagement platform, where he served as the executive vice president of its global commercial business unit.
Sanders has more than 30 years of global financial and operational management experience with publicly traded, venture capital-backed and private equity-funded technology companies, including three initial public offerings and over 20 M&A transactions. Sanders comes to Comply from TraceLink, a SaaS provider of end-to-end supply chain solutions, where he served as vice president of finance.
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