Software Companies Seek to Advance ‘Wealthtech’ Solutions Offered by Financial Advisers
FusionIQ, a provider of cloud-based wealth management solutions for financial advisers, announced a mutual referral agreement with interVal, a provider of software that empowers wealth management firms and others with automated insights for small and medium-sized businesses across North America. The collaboration is expected to transform how advisers leverage “wealthtech” to deliver business health and growth opportunities for clients.
According to the companies, the partnership was born out of a shared vision for democratizing wealth and delivering value.
“By joining forces with interVal, FusionIQ can present an expanding vision that is empowering financial advisers with the platform and tools they need to deliver exceptional value to their clients,” said Mark Healy, chief executive officer at FusionIQ. “Our collaboration grows the technology ecosystem available to wealth management firms and institutions, democratizing data for everyone.”
According to the companies, the collaboration delivers easy-to-use technology and offers a “pay as you grow” model.
“With the wealth transfer and changing [mergers and acquisitions] environment in North America, where $15 trillion in sales from 2 million boomer-owned businesses is anticipated, interVal is uniquely positioned to help advisers and business owners navigate these shifts. Together with FusionIQ, we are poised to make a substantial impact,” said Trevor Greenway, CEO and co-founder of interVal.
One of the core objectives of the partnership, according to the companies, is to show how easy it is for wealth management firms to grow assets under management with the technologies interVal and FusionIQ have developed. interVal’s tools offer valuations of non-liquid assets, enabling advisers to deliver better service and secure referrals from satisfied clients.
The cloud-native all-in-one FusionIQ One platform is designed to offer a frictionless and personalized user experience, seamlessly connecting investors, advisers, and firms in a single digital workflow.
“interVal’s outstanding capacity to ingest and analyze financial data from [small and medium-sized businesses] in real-time uncovers hidden growth opportunities and insights. There is a huge opportunity for growth in North America,” added Healy.
Based in Massachusetts, FusionIQ delivers cloud-based wealth management solutions with an all-in-one digital platform for financial advisers and institutions. It launched FIQ Freedom and integrated with Interactive Brokers Canada in May 2024.
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