WOBURN, Mass., Jan. 20, 2021 /PRNewswire/ -- FusionIQ, a leading
investment research and technology provider, today announced an
alliance with Ultimus Fund Solutions® to deliver an
industry-leading digital advisory and self-directed user experience
for nearly 200 investment management firms on Ultimus' investment
platform. Ultimus®, a leading independent provider of
full-service fund administration, accounting and investor
solutions, partnered with FusionIQ to develop this innovative
solution. The partnership and resulting solution combine a
traditional advisor-driven experience with the convenience of a
digital investment platform, providing clients with a modern
investment experience and investment advisors with valuable
distribution channels for registered and private investment
products.
FusionIQ's intelligent digital investment solutions and
intuitive dashboard enables easy online and mobile investing.
Ultimus fund sponsor clients can now access a digital investment
platform that delivers proprietary mutual funds on a self-directed
platform, including the ability to offer fractional shares and
models of funds in a robo-advisor environment.
"Implementing the right solutions to help our clients grow and
advance their business is important to us. As the demand for a
digital offering increases, we are excited to bring FusionIQ's
turnkey solution to our advisors as an extension of their
business," said Gary Tenkman, CEO at
Ultimus. "In addition to providing more distribution channels,
FusionIQ's B2C digital investment platform positions financial
advisors to offer a more comprehensive solution to their clients.
It also allows advisors to grow their business by managing accounts
with lower minimums and planting seeds with future investors."
For investors, FusionIQ's account opening process is custodian
agnostic and integrated with existing systems, offering a low-cost
solution and a clear view of their financial profile on a
user-friendly interface. For advisors, the automated asset
allocation, rebalancing and tax harvesting tools equip them with an
automated and paperless back office solution to manage accounts
efficiently.
"We are on a mission to provide wealth management companies with
a sustainable future through digital transformation strategies.
Ultimus is the first fund administrator to offer a digital
investment platform," added Mark
Healy. "They're leading the charge on making sure their
clients are able to deliver the digital experience that meet
today's investor's needs. We're really excited about the
partnership and look forward to bringing our digital advice
solutions to more firms in 2021."
Integrating FusionIQ's digital investment solution with Ultimus'
investment platform wrapped up a momentous second half of 2020 for
FusionIQ, having previously announced the appointment of
Mark Healy as CEO and the addition
of Jon Merriman, chief business
officer at B. Riley Financial to the firm's advisory board, as well
as a strategic partnership with B. Riley Financial (NASDAQ: RILY),
providing their sub-advised accounts and retail investors with
FusionIQ's investment platform.
About FusionIQ
FusionIQ is an innovative fintech
company offering an eCommerce platform that has everything a broker
dealer, traditional bank, credit union, wealth manager or RIA needs
to create a revolutionary digital wealth investing experience for
their end customer. For more information, please
visit fusioniq.io.
About Ultimus
Ultimus Fund
Solutions (Ultimus) is a leading provider of full-service fund
administration, accounting, and investor solutions to support the
launching and servicing of registered funds, private funds, and
public plans. The company also offers customized structures
designed for the unique needs of pensions, endowments, foundations,
and other large institutions. Ultimus' deep commitment to
excellence is achieved through investments in best-in-class
technology, compliance programs, organization-wide cyber security
efforts, and hiring seasoned professionals.
Headquartered in Cincinnati,
Ohio with offices in other major cities such as Chicago, New
York and Boston, Ultimus
employs more than 700 seasoned accountants, attorneys, paralegals,
application developers, fund administrators, compliance
specialists, and many others with years of experience in the
financial services industry. Servicing over 1,300 total traditional
and alternative funds, Ultimus helps investment managers and fund
families flourish in today's increasingly sophisticated and dynamic
investment landscape. For more information,
visit www.ultimusfundsolutions.com.
Contact: Andrew Jennings,
andrew@theplunkettgroup.com
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SOURCE FusionIQ