I spent several days in Washington D.C. this week presenting to advisors on new technology that can enhance personal and professional productivity. If you’re interested in booking me for any of my presentations, see my Speaking page for details.
First up this week is my column for the FPA NorCal Planner March newsletter titled When FPA NorCal and Twitter Collide highlighting the “back channel” discussions going on at advisor conferences.
Now on to this week’s stories of interest:
How AppCrown got a big RIA footprint overnight by handling Salesforce implementations from RIABiz.com
[This is an interesting development. Vendors and custodians are gravitating towards AppCrown, a Salesforce overlay and customization provider. Is it because they excel in supporting advisers, or are they simply the only reasonable option among weak competition? I’m not ready to make a decision one way or the other.] AppCrown LLC has come bursting out of the bulrushes to make itself a go-to technology company for hundreds of RIAs who want to use Salesforce customer relationship management software but who also know that they need help — big-time assistance — in making sure that the conversion and connective tissues are there.
Junxure Announces Agreement With Advisor Group to Provide CRM Integration from PRNewswire
[This is yet another integration Junxure supports with a proprietary system, this time being the Advisor Group’s (formerly AIG Advisor Group) VISION2020 portal. Advisor Group has over 4,600 independent financial advisers.] Junxure, a practice improvement firm that integrates technology, consulting, and training, announced that it has signed an agreement with Advisor Group to provide an integration offering financial advisors the ability to synchronize client data between Junxure and VISION2020 Advisor Portal (Advisor Portal), Advisor Group’s proprietary account tracking system. The integration is included as part of the Royal Alliance, FSC and SagePoint Financial advisor technology offerings.
RMB Capital Management Selects Black Diamond and Advent Portfolio Exchange Platforms to Support $2B Wealth Advisory Practice from Marketwire
[Not to be overshadowed by Orion Advisor Services’ announcement of partnering with a $3 billion RIA, Advent is publicizing its deal to migrate one $2 billion RIA’s portfolio data off of Advent Axys to Black Diamond. It doesn’t seem like a tremendous victory to me. After all, I believe Advent purchased Black Diamond to do exactly this: migrate customers on a legacy system to Black Diamond rather than lose them to the competition like Orion and Tamarac. Update: RIABiz published coverage of this today.] RMB Capital Management and Advent Software, Inc. announced today that they will broaden their strategic relationship by migrating RMB Capital Management’s approximately $2B in assets under management (AUM) from Advent’s Axys® to Black Diamond Performance Reporting, LLC’s platform and the Advent Portfolio Exchange® (APX) platform.
