Tag Archives: Veo

Veo One preview from the National LINC 2015 Conference

Posted on January 31, 2015 by in Conferences

I just returned from TD Ameritrade Institutional National LINC 2015 Conference in San Diego where I produced a couple of videos covering the technology updates from the event.

Veo® Vendor Village

First, you can get a glimpse of the “vendor village” TD Ameritrade Institutional configures for the technology providers that are integrated with the open access capabilities of the Veo® platform.

Nearly 40 of the 85+ integrated providers were on site providing demos of their technology to the thousands of advisors in attendance.

With over 85 integrated vendors, you may see several new companies that you haven’t heard of before, including Advizr, Vanare, and Upside.

Veo One™

Next up is a preview of Veo One™, TD Ameritrade Institutional’s updated online dashboard designed to be a single source for an advisor’s daily workflow.

Veo One is currently in a private testing period with select advisers, and the official rollout is anticipated in late summer or early fall of 2015.

The first five Veo One integrations will include DocuSign® and Laser App Anywhere for account opening, financial planning software from MoneyGuidePro™, Orion Advisor Services for portfolio management, and Redtail Technologies for CRM.

FPPad Bits and Bytes for February 7

Posted on February 7, 2014 by in Bits & Bytes

On today’s broadcast, TD Ameritrade Institutional unveils a new interface designed to be “mission control” for advisors, how you can customize videos for hundreds clients with the push of a button, and a new provider delivers technology to simulate portfolio crash testing before the next crash occurs.

So get ready, FPPad Bits and Bytes begins now!

(Watch this episode on YouTube)

Today’s episode is brought to you by Mimic Technologies, providers of complete outsourced technology support, security, infrastructure and IT solutions exclusively for RIAs.

Mimic Technologies

To learn how you can keep your data safe from attackers, download a free copy of their latest white paper on social engineering attacks by visiting fppad.com/mimic.

Here are this week’s stories of interest:

A Smart Start at National Conference: TD Ameritrade Institutional Reveals Plans to Launch New Intelligent Technology Platform for Advisors from TD Ameritrade Institutional

[Leading off this week is a recap of the first institutional custodian conference of 2014, as TD Ameritrade Institutional held its annual event in Orlando last week. In the past, TD Ameritrade Institutional announced a number of new innovations in technology, including the release of Veo Open Access platform and a free web-based version of iRebal for its advisors. This year’s technology announcements were a bit more subdued, but most relevant to advisors is the introduction of the new Veo Open Access Dashboard.

The Veo Dashboard is designed to be “mission control” for advisors, enabling access to dozens of integrated solution providers from one consolidated web-based screen. Early integrations include Redtail CRM, Orion Advisor Services portfolio management, MoneyGuidePro financial planning, and TD Ameritrade Institutional’s own iRebal software.

Tom Nally, president of TD Ameritrade Institutional, said that the first iteration of the Veo Dashboard is expected to come this summer.] Building on the success of its Veo® open access effort, TD Ameritrade Institutional will give advisors the ability to harness the collective power of more than 60 leading advisor technology providers integrated with its Veo trading platform.

New Orion App Revolutionizes Client Reports from PRNewswire

[Another cool innovation announced at last week’s TD Ameritrade Institutional conference comes from Orion Advisor Services, who debuted a new client communication platform called Engage. Many of you might already be using mobile apps and video market commentary from Orion to enhance your communication with clients.

But what Engage allows you to do is further customize videos you make for clients. With Engage, you can retrieve things like performance data from Orion, the confidence meter from MoneyGuidePro, or calendar scheduling from Redtail CRM and embed that information using graphics right in your video. While you still can’t say client names or announce specific performance numbers, your clients receive a compelling video that contains personal details to help them not only hear about, but actually see the progress they’re making towards their wealth management goals.

Once again, if you’re not thinking about how you should be using video to enhance client relationships, I think it’s time you start creating a strategy new, and Engage from Orion gives you a pretty clever way to get started. Clients of Orion can use Engage for no additional charge, and pricing details for non-Orion customers will be coming soon.] Orion Advisor Services, LLC, a premier portfolio accounting service bureau, announces the release of a new web-based app, Orion Engage, which helps advisors communicate more effectively with clients by creating interactive videos that can present portfolio performance and other unique details specific to individual clients.

Don’t Be A Crash Test Dummy from Financial Advisor

[And finally, one hot technology trend right now involves applications that perform macro economic analysis and portfolio stress-test simulations. By now you’ve likely heard of startups like HiddenLevers and MacroRisk Analytics, but a new provider in this space making waves is RiXtrema. In a recent Financial Advisor column, Joel Bruckenstein reviewed the company’s Riskostat product, which offers patent-pending technology to assess stock market behavior in times of crisis.

Bruckenstein offered a favorable review of Riskostat, and with a list price of $300 per months, feels it is competitively priced in a market that’s a small, but growing segment, of advisor technology.] Now a third firm, RiXtrema, is launching a software product called Riskostat that is designed to help advisors analyze the vulnerability of their clients’ portfolios to various macroeconomic risk factors as well as help advisors explore opportunities to hedge away some of those risks.

Stories that didn’t make the cut for this week’s broadcast:

Advisor Software, Inc. And Orion Advisor Services, LLC Integrate Apps For Financial Advisors from PRNewswire

Advisor Software, Inc. (“ASI”), a provider of wealth management solutions for the financial advisor market, announced today a partnership with Orion Advisor Services, LLC (“Orion”) to integrate the two companies’ software applications for financial advisors.

Junxure Announces Limited Release of Junxure Cloud CRM for Financial Advisors from Junxure

Junxure announced the limited release of Junxure Cloud™, its comprehensive, cloud-based CRM solution for financial advisors.

Road Warrior Advisors–Keep Your Data Private from Morningstar Advisor

Protect your client and business information by hiding it from wandering eyes.

 

Watch FPPad Bits and Bytes for February 7, 2014

Watch FPPad Bits and Bytes for February 7, 2014

Advisers want help identifying software integration; look for the logo, says TD Ameritrade Institutional

Posted on July 23, 2013 by in Efficiency, Software

TD Ameritrade Institutional will help advisers identify software integration with a new “Veo Integrated” logo

Financial advisers all want one thing: more integration of the software tools they use.

But finding out if one software program integrates with another, let alone the quality of the integration, is difficult at best.

The ‘Veo Integrated’ logo recognizes the innovation, collaboration and commitment to RIAs shown by firms that have contributed to the success of the Veo open access initiative.

TD Ameritrade Institutional believes it has an answer to advisers’ integration dilemma: a logo.

Want integration between your software tools? Look for the logo says TD Ameritrade Institutional

Want integration between your software tools? Look for the “Veo Integrated” logo, says TD Ameritrade Institutional

In a press release issued today, TD Ameritrade Institutional is launching a new “Veo Integrated” logo to raise awareness of the company’s relationships with third-party solution providers through the Veo open access initiative.

Recognize Innovation

“TD Ameritrade Institutional is working with a growing network of technology providers to improve the technology experience for RIAs by integrating common advisor applications with our Veo system,” said Jon Patullo, managing director of technology, TD Ameritrade Institutional, in the press release.

“The ‘Veo Integrated’ logo recognizes the innovation, collaboration and commitment to RIAs shown by firms that have contributed to the success of the Veo open access initiative,” added Patullo.

Veo Integration Analyzer

TD Ameritrade Institutional also reiterated the presence of the Veo Integration Analyzer™, a web-based tool available to advisers who custody assets with the company. Veo Integration Analyzer is designed to highlight levels of integration between advisers’ existing applications or applications they may be considering for purchase.

Last year I stopped by TD Ameritrade Institutional’s headquarters in Ft. Worth to get a demo of the Veo Integration Analyzer from Chris Valleley, Director of Technology Solutions for TD Ameritrade Institutional. See the demo below (or click here to watch on YouTube).

goalgamiPro adds cash flow illustrations to its quick financial planning framework

Posted on February 7, 2013 by in Video Spotlight

A popular quick financial planning tool gets even faster with Open Access integration and cash flow illustrations

While attending the TD Ameritrade Institutional 2013 National Conference last week, I connected with Neal Ringquist, president of Advisor Software.

You’ve seen Ringquist before as Advisor Software announced the introduction of goalgamiPro, the quick financial planning software tool (See: Yes, you can create financial plans in eight minutes).

Now, goalgamiPro leverages Veo® Open Access from TD Ameritrade Institutional, streamlining the process of entering household asset information into the software.

“We’re fully integrated with Veo,” said Ringquist, “[allowing] advisors to bring accounts and holdings data into the application, which eliminates all that time and makes quick planning even quicker.”

goalgamiPro has also added a new data sheet with cash flow illustrations, further enhancing the conversations advisers can have with clients about planning opportunities.

“There are two ways to look at the viability of goal planning: one is through the balance sheet, but it doesn’t address ‘financeability,’ when cash will be available to meet goals,” added Ringquist. “So we’ve provided that cash flow report [which is] another way to evaluate the client’s goal plan.”

For more information, visit Advisor Software’s goalgamiPro product page at http://www.advisorsoftware.com/products/goalgamipro.asp

(click to watch on YouTube)

TD Ameritrade’s open technology helps push Orion Advisor Services over the $100 billion in platform assets mark

Posted on February 4, 2013 by in Technology, Video Spotlight

Orion Advisor Services is the beneficiary of a one-two combination of innovative technology

While attending the TD Ameritrade Institutional 2013 National Conference last week, I connected with Jon Reiners, director of institutional business development for Orion Advisor Services.

In our conversation, Reiners announced that the leading portfolio service bureau recently surpassed $100 billion in total assets administered under its platform.

“Of that $100 billion in assets we have,” said Reiners, “$35 billion is collectively here with TD Ameritrade.”

Also, Reiners detailed one new feature to be released in the next few weeks called Orion Mail, where statements suitable for email are automatically generated using custom Orion report data.

For more information about Orion, visit them online at http://www.orionadvisor.com/

(click to watch on YouTube)

FPPad Bits and Bytes for February 1

Posted on February 1, 2013 by in Bits & Bytes

With the TD Ameritrade Institutional 2013 National Conference wrapping up today, I got a late start on aggregating the best tech news from around the industry this week.

Nevertheless, you still have Saturday and Sunday to review this week’s stories of interest:

On Guard: Stopping Data Thieves from Financial-Planning.com

[This is a video filmed at the TD Ameritrade conference right after I presented about hacking and spoofing attacks targeted at financial advisers. I cover some of the popular schemes out there and a few clever ways to authenticate the identity of your clients.] Tech consultant Bill Winterberg recommends steps to help protect clients from hacking, phishing and spoofing.

TD Ameritrade adds iRebal to the cloud and offers it for free to affiliated advisers from FPPad.com

[The big tech news out of TD Ameritrade’s conference was the announcement that iRebal will soon be free for advisers who custody with TD Ameritrade, and the software will be delivered over the cloud.] TD Ameritrade’s rebalancing software will soon be available online via the cloud and at no additional cost to affiliated advisers.

RedBlack Software Announces First Third-Party Rebalance Solution and Trading Integration with TD Ameritrade Institutional’s Veo® Platform from PRWeb.com

[Yes, TD will soon offer iRebal for free to advisers, but that doesn’t mean all advisers are going to use it. There are still other rebalancing solutions out there are a variety of price points with different functionality. So here’s a move from RedBlack to get onboard with Veo Open Access and streamline trading for advisers using a multi-custodial rebalancing system.] RedBlack Software, LLC, the largest independent provider of portfolio rebalancing software for the investment management industry, today announced the successful integration with TD Ameritrade Institutional through their Veo® platform.

TD Ameritrade adds iRebal to the cloud and offers it for free to affiliated advisers

Posted on January 31, 2013 by in Software, Technology

TD Ameritrade’s rebalancing software will soon be available online via the cloud and at no additional cost to affiliated advisers.

In a press release today, TD Ameritrade Institutional announced that it will soon offer its proprietary iRebal® portfolio rebalancing software directly through the cloud. Also, advisers who custody assets with the custodian can access the web-based version of iRebal for free.

The new version of iRebal will be integrated with TD Ameritrade Institutional’s Veo® adviser platform (see: TD Ameritrade Institutional’s Veo® Open Access to enhance trading, fee billing, and client on-boarding processes), giving advisers access to powerful rebalancing software once reserved for desktop or server installations.

“With iRebal in Veo, advisers can reduce weeks-long processes down to minutes, putting them in a better position to pursue potential opportunities, react to changing market conditions and ultimately provide more valuable service to their clients,” said Tom Nally, president, TD Ameritrade Institutional, in the press release.

Although I have no official metrics, iRebal seemed to have leveled off in its growth of new users, so this move will no doubt put the software package back on the growth track.

Not only that, but eliminating the cost of the software for advisers who custody with TD Ameritrade Institutional should attract a significant number of the company’s 4,500 RIA custody clients.

Because of its high cost of ownership, rebalancing software has historically been within reach of only the largest RIAs.

Now with no fee, iRebal in the cloud puts significant pressure on vendors such as Tamarac, RedBlack, TRX, BlazePortfolio, and more.

The desktop version of iRebal will still be sold to “well-established” advisers, according to the press release, with pricing of a one-time $10,000 implementation fee and AUM-based pricing starting at $20,000.

TD Ameritrade Institutional Veo® open access now offers seven integrations with popular CRM software

Posted on December 20, 2012 by in Technology

Pareto Platform, Tamarac Advisor CRM, Junxure CRM and Advisors Assistant are now integrated with the custodian’s Veo® open access platform

In a press release today, TD Ameritrade Institutional announced that it has added four new integrations of CRM software to its Veo® open access platform, bringing the number of CRM integrations supported up to a total of seven.

Click to view the press release (at MarketWatch.com)

Existing CRM software integrations included Salesforce, Ebix and Redtail, where advisers can customize a dashboard to view total client holdings with data provided via TD Ameritrade Institutional Veo® open access connections.

In the press release, Jon Patullo, managing director of technology product management, TD Ameritrade Institutional, said, “Technology that helps an advisor manage a better client experience is becoming increasingly important. By integrating data between Veo and CRM systems, advisors are now armed with a more robust CRM system that can help boost productivity, improve client service, and streamline numerous tasks so advisors can spend their time on what matters most – their clients.” (see: TD Ameritrade Institutional’s Veo® Open Access to enhance trading, fee billing, and client on-boarding processes)

Since its launch in July 2010, Veo® open access now offers integrations with over 60 technology vendors spanning advisers’ critical systems including CRM, portfolio management, financial planning, and document management software. For more information about Veo® open access, visit TD Ameritrade Institutional online at http://www.tdainstitutional.com/

FPPad Bits and Bytes for December 14

Posted on December 14, 2012 by in Bits & Bytes

Matt Abar, CEO of FinFolio

Watch today’s FPPad On Air broadcast at 4:15pm ET, as my guest will be Matt Abar, CEO of FinFolio.

Visit my Twitter profile page around 4:00pm ET for the broadcast link.

 

Now on to this week’s stories of interest:

Greg Friedman is set to finally bring Junxure to the cloud and beat back the Salesforce-ification of the industry from RIABiz.com

[Over 10+ years, Junxure desktop has attracted 10,000 users across 1,500 firms. It’s a great accomplishment for a niche CRM provider, but the momentum and innovation in cloud services, including cloud CRM, is challenging Junxure’s raison d’être. Will they be able to successfully pull off a transition of some or all of their users to the cloud?] As Greg Friedman takes Junxure to the cloud, he’s taking the gloves off with Salesforce — bolstered by new technology and a sense that the CRM giant is leaving much on the table in functionality and quality of service.

Surface to Air: Is Surface Going to be a Player in Financial Services? from WealthManagement.com

[Microsoft’s surface has a huge gap to close if it wants to be a contending tablet. Apple’s iPad has sold over 100 million units worldwide, and Microsoft chooses not to disclose early numbers of its Surface RT. Will the introduction of the $900 Surface Pro change anything? I doubt it.] Along with Windows 8 tablets for sale this year is Surface, a Windows 8 tablet that is meant to bully the iPad into submission. The likelihood of that in the near future? Slim, says financial services experts.

Total Rebalance Expert Integrates With Morningstar Office(SM) from MarketWatch

[Isn’t Morningstar Office supposed to be rebuilding their internal rebalancer? I’ll need to check with them once again, but for now, advisers using TRX’s rebalancer (see: Total Rebalance Expert CEO Sheryl Rowling on how rebalancing software saves advisers $325,000 per year) don’t have to wait for Morningstar anymore in the wake of this latest integration.] Total Rebalance Expert (TRX) today announced a data integration agreement with Morningstar, Inc., a leading provider of independent investment research. Now, advisors can automatically import their portfolio data from Morningstar Office(SM), a global practice and portfolio management platform for independent financial advisors, into TRX’s software platform to streamline and simplify the rebalancing process.

Half-financed by RIAs, AssetBook rolls out ‘Radar’ to put big RIAs in its range from RIABiz.com

 [You’re likely aware you have alternatives in portfolio management software to the heavyweight products from Advent, Schwab, and Albridge. AssetBook, born from descendants of dbCAMS, is a very good and low-cost solution with many of the same features offered by those mentioned earlier. It’s also a service bureau, meaning you don’t need to spend each morning reconciling transactions and new positions that come in your overnight data feeds. So for less than $30/account/year, AssetBook is one to consider for advisers looking to move to the cloud and to benefit from the experience and service of a portfolio services bureau.] AssetBook Inc. has long been a niche choice for smaller RIAs looking for an affordable platform. But, with a new portfolio-reporting platform full of bells and whistles expected to roll out in the first quarter of 2013, the McHenry, Md.-based software company is luring larger firms away from more established competitors.

TD Ameritrade Institutional Earns Top Marks for Advisor Satisfaction in Financial Planning Magazine’s 2012 Tech Survey from MarketWatch

[Let’s cut to the chase: TDAI’s Veo® Open Access now has over 60 vendor integrations, received the most “very satisfied” ratings in this year’s Financial Planning Tech Survey, and services thousands of TDAI’s 4,500 RIAs. If you had to start over today and choose a new custodian, who would you choose?] TD Ameritrade Institutional’s Veo(R) open access initiative, an industry wide-effort to deliver quality technology integrations to advisors, has helped the custodian secure top scores for advisor satisfaction in this year’s Financial Planning Tech Survey.

FPPad Bits and Bytes for October 26

Posted on October 26, 2012 by in Bits & Bytes

Here are this week’s stories of interest:

Fidelity to play midwife to RIAs-in-the-making now that WealthCentral is firmly on its feet from RIABiz.com

[What does a custodian do once they have their “technology part (largely) finished?” According to Mike Durbin, Bob Oros, and David Canter of Fidelity Institutional Wealth Services, the custodian continues to bolt on value-add components to its adviser toolkit, with a nod to expanded practice management, marketing, and valuation and M&A resources.] With nearly all its advisors finally transitioned onto its ambitious new technology platform, WealthCentral, Fidelity Institutional Wealth Services is feeling confident in the foundation it’s provided for advisors, especially the breakaways that have been its bread and butter. Now, the second-largest custodian is ready to offer consulting style services — marketing consultations, strategic planning sessions and M&A facilitating — to help create new RIAs, not just attract breakaways.

Junxure CRM Announces Integration with TD Ameritrade Institutional’s Veo from Junxure.com

[TD Ameritrade Institutional’s Veo® Open Access has been available to third-party vendors since January 2011 (see: TD Ameritrade Institutional’s Veo® Open Access to enhance trading, fee billing, and client on-boarding processes), and currently has over 60 vendors integrated in one from or another. Finally, Junxure CRM is integrated with Veo® Open Access to access client account data held at TD Ameritrade Institutional inside Junxure and manage alerts along with Junxure workflow.] Continuing its reputation as a leader in technology integration for financial advisors, Junxure is excited to offer CRM integration with Veo® Open Access from TD Ameritrade Institutional.

Schwab Performance Technologies Announces Improvements from FA-Mag.com

[Schwab’s OpenView Integrated Office™ offering (say that three times fast!) will now integrate with web-based document management software NetDocuments. It’s a fairly straightforward pairing, as NetDocuments has been closely tied to Salesforce CRM for a number of years now, and because Integrated Office is a Salesforce overlay, dropping in NetDocuments is a no-brainer. According to sources inside Schwab, access to the program is included in the cost of Integrated Office. My last pricing quote from Schwab was $10,000 per year for two seat licenses and up to 150 accounts, which Brian Shenson announced at the T3 Conference earlier this year.

Oh, and PortfolioCenter ™ gets an update on securities management and fee billing modules, plus the PortfolioCenter Hosted product will be rolled out “soon” at a cost of roughly $48/account/year. And I don’t think that price includes any outsource reconciliation services a-la BOSS.] A Charles Schwab & Co. subsidiary that offers technology services for independent financial advisors announced changes today that improve document and portfolio management systems.

Cambridge Launches eSignature Program and New Website for Independent Financial Advisors and Their Clients from HearldOnline.com

[Woah, Cambridge just laid the smack-down on most major custodians. For the longest time, custodians have alluded to the use of esignature technology like DocuSign to facilitate a truly end-to-end paperless process for most forms. Evidently, Cambridge is now offering just that to its reps, all free of charge (or at least, rolled up in Cambridge’s cut of GDC).] Cambridge Investment Research, Inc. (Cambridge) announced it is launching a new eSignature program for use with clients by its independent financial advisors. Partnering with DocuSign, Cambridge is rolling out an electronic signature option compatible with most desktop and mobile devices used by rep-advisors and their clients.

Invesco Unveils Mobile Access to Investment Insights, Product Information and Business Building Ideas with New App for iPad from Invesco.com

[In a trend among investment managers, Invesco now offers an iPad app advisers and investors can use to access news, commentary, product information, and videos. You could access all that from Invesco’s website, but why would you want to when you can curl up on the sofa and browse the app in your downtime? By the way, this app is very well executed. No fluff here. See the demo video below.] Invesco, a leading investment manager, announced today the launch of a free iPad® app, available from the App Store(SM), that will provide on-the-go access for financial intermediaries and investors to essential investing resources.