On today’s broadcast, Advicent rolls out Figlo to advisors in the United States, YCharts raises another $6 million to dethrone the industry’s dominant research terminal, and SEI rolls out a new program designed to streamline your internal workflow.
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Here are the links to this week’s top stories:
Advicent Unveils the Figlo™ Client Centric Planning Tool from Advicent, and
Advicent and Redtail Partner through Figlo™ Integration from Advicent
[This week’s top story comes from Advicent, as the company announced the official release of the Figlo™ interactive planning tool in the United States. You should recall that Advicent announced the acquisition of Netherlands-based Figlo back in September 2014 which I covered in episode 141, so they’ve wasted very little time to introduce the planning tool to advisors here in the U.S.
Figlo has nearly 20 years of history in the European marketplace and will bring a suite of features stateside that you should find compelling, especially if you strengthen your client relationships through comprehensive financial planning. So here’s what you can expect:
Figlo offers a prospecting and lead generation tool called Figlo Leads, the Figlo planning tool presents an interactive lifeline and goal gauge for plan illustrations, you can collaborate with clients using the client portal and secure document vault, and you can streamline client data entry through a new integration announced this week with Redtail CRM. The integration is a one-way connection with Redtail to start, but you can expect the data synchronization between the two programs to deepen over time.] Advicent Solutions, the leading provider of SaaS technology solutions for the financial services industry, announced the U.S. release of Figlo™, an interactive financial planning tool within its complete product offering for financial professionals. Advisors leveraging Figlo™ technology will have more opportunities for interactive, meaningful and impactful conversations with both prospects and clients.
YCharts Closes $6 Million Investment Round, Hires Morningstar’s Jeremy Diamond as Growth Accelerates from BusinessWire
[Next up is news from YCharts, as this week the provider of research and interactive charts announced series C funding to the tune of about $6 million, bringing its total funding to approximately $14.5 million. YCharts was founded in 2010 and positioned itself as an alternative to higher-priced research terminals, and in less than five years, the company is proving to be a very powerful and popular research tool for portfolio managers, wealth managers, and independent RIAs.
Back in episode 133, I told you about the new dashboard rolled out by YCharts, but at the time, research was limited to equities and ETFs. Fast forward to today, and YCharts now also offers extensive data on over 40,000 mutual funds. So once again, if detailed research and data plays a significant role in your investment process, you might find YCharts to be an attractive alternative to the high-end terminals so prevalent in the industry, but one that’s available at a fraction of the price.] Shawn Carpenter, co-founder and CEO of YCharts, the Financial Terminal of the Web, announced the closing of a C round of venture funding of about $6 million and the appointment of Jeremy Diamond as chief revenue officer of YCharts. These moves coincide with an acceleration of the company’s growth.
SEI’s ProcessWise Program Introduces New Workflows Designed to Maximize Advisor Efficiency and Productivity from MarketWatch
[And finally, rounding out this week’s broadcast is news from SEI, the turnkey asset management provider, that just released a new workflow program called SEI ProcessWise.
Once again, back in 2014 at the T3 conference, I covered SEI’s announcement of their partnership with Redtail CRM, MoneyGuidePro and ActiFi to develop an automated workflow solution for advisors. SEI ProcessWise is the first product of this partnership that is being rolled out to the roughly 6,100 advisors that work with SEI.
SEI ProcessWise provides 48 step-by-step workflow processes that address a variety of client service, account maintenance, and portfolio management activities, and for advisors who already use Redtail CRM in their business, SEI will preconfigure those workflows directly within Redtail to facilitate adoption. In addition to the workflow configurations, SEI is also including three months of training to help advisors implement the automated workflows into their business for a nominal cost.] As financial advisors look for new sources of productivity and efficiency, SEI announced today the launch of SEI ProcessWise, a comprehensive workflow program which streamlines client interactions, sales, marketing, and practice management tasks.
Here are the stories that didn’t make this week’s broadcast:
NFP Advisor Services Adopts Vestorly to Strengthen Advisors’ Digital Presence and Help Drive Business from PRNewswire
NFP Advisor Services, a leading independent broker-dealer, announced it will provide integrated access to the Vestorly solution to all affiliated financial advisors which includes over 1,400 registered representatives.
Finovate Spring 2015 Demo Archives from Finovate
Watch FPPad Bits and Bytes for May 22, 2015
