Advisors affiliated with MML Investor Services, a subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual), will now have access to alternative investments through CAIS.
of division The end-to-end technology platform spans alternative investments, including hedge funds, private equity, private debt, real estate, infrastructure and structured notes.
The partnership will also provide access to MML Investor Services advisors CASI IQ, a proprietary, on-demand alternative investment education platform. CAIS IQ also allows home office professionals to monitor the learning progress of financial advisors across various courses, some of which are available for CE credit. CAIS IQ was created by Alai Studios, a technology development firm.
Alai CEO and founder Andrew Smith Lewis also recently Lydia revealedan advisor-facing AI program in partnership with Shaping Wealth, a company specializing in behavioral finance training and helping advisors understand the psychology of financial planning.
Founded in 1981, the wealth management unit of MML Investor Services currently has $207 billion in assets under management.
division supports over 32,000 advisors overseeing over $4 trillion in network assets. Since its founding in 2009, it has facilitated over $30 billion in transaction volume. CAIS has offices in New York, Los Angeles, Austin, Texas and London.
PureFacts Financial Solutions Partners with BridgeFT
PureFacts Financial Solutions, a data analytics and fee firm, has selected BridgeFT's WealthTech API to provide direct access to multi-custodial client and investment account data.
In June 2023, PureFacts Financial Solutions became the leading billing application for BNY Mellon's Pershing X wealth management Wove platform, which provides daily fee reporting, advanced revenue management and sales performance analytics.
BridgeFT is a cloud-native technology provider of core software infrastructure for advisory firms that launched in 2015. It is best known for its cloud-based performance reporting and fee invoicing offering, Atlas. The company has worked with various clients, including RIA firms, financial institutions (including trust firms and others) and other fintechs. BridgeFT first launched its WealthTech API in January 2023.
The partnership with PureFacts Financial Solutions is just the latest for BridgeFT's WealthTech API. In May 2023, Zoe Financial, a find-an-advisor service, chose BridgeFT's WealthTech API to power its connectivity and data infrastructure. AND in November 2023retirement management software provider Income Lab started using it to aggregate multi-custody data.
MyRepChat Founder Derrick Girard Joins AdvisorNet Financial
Derrick Girard, founder of the messaging compatibility provider MyRepChathas joined AdvisorNet Financial, a supervisory jurisdiction office of Cetera Advisor Networks, in the newly created position of chief growth officer.
Girard, a veteran of the US Air Force, has spent his career in financial services, with roles at Ameriprise Financial Services and Securian Financial Group. He also spent several years working in investment solutions in the banking channel before joining Minnesota-based software company ionlake, which produced MyRepChat.
MyRepChat was purchased by FMG Suite in October 2023.
AdvisorNet Financial was founded in 1959 and has over 230 advisors in 23 states.