Wealthspire Advisors LLC (Wealthspire), named The BLX Internship Program (BLX), its Giving Partner for the 2024 Wealthspire Advisor Summit which was held in Scottsdale, Arizona earlier this year. “We’re thrilled to be partnering with BLX as we begin recruiting for the 2024 cohort of our internship program. In joining forces, we hope to bolster diversity not only within our organization but also within the broader financial planning profession” said Mike LaMena, CEO of Wealthspire. Originally published on Citybiz on February 27, 2024. Read full article here. Advyzon announced a new custody and retail investment infrastructure integration with Apex Advisor Solutions, a division of Apex Fintech Solutions Inc. (Apex). The collaboration was announced during the inaugural Advyzon Conference, taking place February 20-22, 2024 in Phoenix, Arizona. Apex is also attending, sponsoring, and exhibiting at the conference, and will participate in a Custodial Technology Panel. Registered Investment Advisors (RIAs) use Apex’s robust custody and clearing platform and capital structure to administer their client investment accounts, from real-time onboarding and account funding, to custody, trading, clearing, and cost basis and tax reporting. Now, they can harness the power of Advyzon’s comprehensive, award-winning technology platform for advisors. Originally published on Yahoo! Finance on February 22, 2024. Read full article here. Could performance-based billing boost a financial advisor’s business? This is one of the questions that Advyzon dug into as they analyzed new data recently released in their third annual Billing and Fee Study, a white paper based on original research that analyzes which fee models independent financial advisors (IARs and RIAs) are using today. The report uncovers recent trends in billing and fees, plus offers insights into where the industry may be headed. One of the biggest takeaways from the year-end 2023 study is that the number of firms offering performance-based billing steadily increased within the past year. In addition, billing based on an account’s average daily balance, versus beginning or ending balance, saw continued growth in 2023. That being said, a quarterly billing cycle using a tiered fee structure based on AUM remained the industry favorite last year, while the number of firms using flat fees – which increased significantly from 2021 to 2022 – fell in 2023. Originally published on Business Wire on January 18, 2024. Read full article here. Advyzon announced details on the inaugural Advyzon Conference, which will take place February 20-22, 2024 at the Sheraton Phoenix Downtown Hotel. Advyzon’s conference mission is to bring outside-the-box thinking, technology, service, and experience together in a fun and joyful way. The three day conference will combine storytelling, immersive programming, and unrivaled technology to help take advisory firms to a whole new level. Originally published on PR Newswire on October 5, 2023. Read full article here. Advyzon Investment Management (AIM) Adds Fidelity, Alpha Vee Solutions, KKM Financial, and Zacks8/16/2023
Advyzon Investment Management (AIM) added multiple new asset managers to their platform, including Fidelity Investments, Alpha Vee Solutions, KKM Financial, and Zacks Investment Management. With these new strategists, AIM currently has over 150 strategies available to financial advisors in their Nucleus model marketplace, from 20 asset managers. Originally published on PR Newswire on August 16, 2023. Read full article here. Advyzon Releases Asset Allocation White Paper Showing ETFs Are Now More Popular Than Mutual Funds7/13/2023
Advyzon released “The New Diversification: Asset Allocation Into 2023”, a white paper that looks at how advisors have invested client funds over the past five years, with a particular focus on the shifts made during 2022. Among the highlights: The amount of money in alternative investments jumped more than 400% compared to previous years; advisors pulled money out of equities; cash equivalents and individual bonds benefited from higher yields; and ETFs dethroned mutual funds as the top investment vehicle for financial advisors. Originally published on PR Newswire on July 12, 2023. Read full article here. Ever wonder whether the firm down the street is experimenting with how it charges clients? Bob Veres of Inside Information takes a look at the state of the profession’s revenue model via the 2022 Billing and Fee study from Advyzon, a comprehensive service and technology platform and portfolio management solution for financial advisors and investment managers. Bottom line: Nearly all firms are charging some of their clients based on something other than AUM, but nearly all are charging AUM for most of the people they work with. In addition, nearly 40% of advisors offer some form of flat-fee option. Originally published by Inside Information on January 29, 2023. Read full article here. Advyzon Chief Business Development Officer John Mackowiak wrote this bylined article for Financial Planning Magazine, sharing tips and best practices for financial advisors who want to take advantage of the SEC’s new marketing rule and feature testimonials in their marketing efforts. Originally published in Financial Planning Magazine on March 6, 2022. Read full article here. |
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