Asset management and technology provider AssetMark announced an expanded collaboration with TIFFIN this week.
TIFIN Sage is an advanced investment platform powered by AI, and by integrating it, Wealth Brand aims to provide its investment consultants with the ability to quickly gather customized client insights and, in turn, more efficiently build customized model portfolios for its clients' advisors.
AssetMark also announced in June a strategic collaboration with TIFIN Givean AI-powered donor-advised fund technology platform. This partnership aims to provide AssetMark advisors with simpler philanthropic management options.
IN March, former BlackRock executive Brooke Juniper was hired as CEO of the Sage unit.
Betterment, Daffy Integration
Just in time for the year-end giving season and the charitable tax deduction deadline, Daffy announced this week an integration with the automated investing service Betterment.
Daffy is the charitable giving platformthe name is a nice stand-in for the Donor Advised Fund for You.
Using integrationboth advisors and Betterment's direct-to-consumer clients can donate low-cost securities to more than 1.5 million US charities through Daffy.
For wealth managers using Best Advisor Solutions platform, the integration makes it easier to help clients manage financial windfalls, avoid capital gains taxes when donating long-term appreciated assets and rebalance portfolios.
d1g1t launches Unified Managed Accounts Framework
Advisor technology platform provider d1g1t (pronounced “digital”) announced this week the launch of its unified managed trading account framework. It aims to enable portfolio managers to build and manage sophisticated investment strategies faster and at a lower cost.
With it, custodian accounts can be divided into sleeves, each associated with a specific, separately managed account model. The platform can create those sleeves manually or automatically to reflect target splits across multiple models.
In September, d1g1t introduced its suite of extensive billing features within its wealth management platform.
Advisor CRM launches and is free
A new, free CRM for advisors has been launched. It was built in-house at Advisor CRM by Leibel Sternbach, former CTO of Dallas, Texas-based Fusion Capital Management and longtime technology executive, and engineer Bruce Ferguson.
Many of the features of the accompanying technology platform (for which there is a cost) were originally developed at and for Fusion Capital Management (the first firm to use the new CRM).
The technology offers built-in compliance features, trading automation and insurance contract management features (many of Fusion's advisors are hybrids, having started as insurance advisors). The CRM platform will be available to advisors free of charge (some advisors will recall the story of Orangewhich was later purchased by SEI).
Oranj followed a freemium model, allowing advisors to use various pieces of technology for free. The cost of these was borne by the asset managers, who funded the platform and had a market there.
In an email, the founders of Advisor CRM wrote that they admired Oranj and saw him as a “role model” for their own efforts. They noted that they are able to offer the product for free because they have existing revenue coming in from enterprise customers that cover the firm's development costs.