Two wealthtech firms have announced a collaboration which they say will expand the technology ecosystem for financial advisors.
With the great wealth transfer set to shake up the wealth advisory industry as younger heirs look to tech-enabled solutions to manage their money; the partnership aims to make it easier for advisors to leverage wealthtech in their business.
FusionIQ, a cloud-based solution that offers advisors an all-in-one platform to digitize their wealth management business has joined forces with interVal, an AI-powered SaaS solution that provides insights and process streamlining for advisors and financial institutions, such as valuations of non-liquid assets.
“With the wealth transfer and changing M&A environment in North America, where $15 trillion in sales from 2 million boomer-owned businesses is anticipated, interVal is uniquely positioned to help advisors and business owners navigate these shifts,” said Trevor Greenway, CEO and co-founder of interVal.
The firms will engage in mutual referrals of their respective solutions and say their collaboration draws on their shared vision for “democratizing access to wealth management tools” and helping advisors to scale their operations for organic growth.
This will include demonstrating how advisors can use wealthtech to grow AUM, improve customer service, and gain more referrals.
