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Fidelity® Continues to Roll out Advisor Technology Solutions Through WealthscapeSMFidelity® today announced the availability of new technology tools via WealthscapeSM, the gateway to Fidelity's next generation total advisor technology platform, designed to help registered investment advisors, broker-dealers, banks and family offices digitize their businesses and deepen relationships with their clients. Wealthscape tools began to roll out in 2016, featuring Fidelity's deep integrations with planning software from eMoney Advisor (eMoney), an offering that advisors continue to adopt. In addition, new capabilities from Wealthscape are coming to market, including WealthscapeSM Performance Measurement, the first offering from WealthscapeSM Portfolio Tools, which will be available to purchase in April, and Fidelity Automated Managed Platform (AMP), a digital advice offering co-developed with eMoney that select advisory firms will pilot in the coming weeks. As the wealth management profession continues to evolve, technology can play a critical role in helping advisors demonstrate their value beyond investment performance. Fidelity research found that eAdvisors, advisors who use twice as many technology capabilities as their peers, are succeeding in many quantifiable ways, including having more than 40 percent higher assets under management and nearly 25 percent higher compensation.1 They also use technology to succeed in less obvious, but equally important ways, by strengthening relationships with their clients throughout the entire client journey - from the prospecting stage to planning to ongoing communication and reporting. "If advisors approach technology as a purchase first, it can be overwhelming to evaluate all of the possible tools. Instead, it's critical for advisors to consider the experience they want to create with their clients and then choose technology that can help enhance that relationship," said Tom McCarthy, head of platform technology for Fidelity Institutional. "Advisors can now access new solutions through Wealthscape that are designed to create deeper relationships with their clients, by providing greater functionality, flexibility and collaboration, and ultimately helping advisors grow their businesses."
Wealthscape Performance Measurement Available
in April Upcoming enhancements in Wealthscape Performance Measurement are designed to further increase advisor-client engagement, including multi-custodial performance, a book of business performance dashboard and integration with eMoney Advisor's Vault.
Fidelity's Deep Integrations with eMoney
Winning with Advisors Advisors who have been using the integrations recognize the benefit of eMoney's document Vault and how the deep integration has eliminated the need to manually upload Fidelity documents to the Vault, saving time and effort. The streamlined client import and householding capabilities also allow advisors to quickly and easily create new client accounts in eMoney, turn on the eMoney integrations for their clients and invite their clients to register for the eMoney client portal. Additional deep integrations will become available through 2017 and into 2018, including the ability to easily move from within a client's plan in eMoney to Fidelity to take brokerage action on the account, including account opening and funding. Investors will be able to do more as well through Fidelity integrations with the eMoney investor portal, including updating their profiles and opening accounts.
Pilot of Fidelity AMP, Co-Developed with
eMoney, Draws Advisors For clients looking to leverage existing relationships, Fidelity Clearing & Custody Solutions will integrate with select third-party vendors via additional APIs. To help advisors execute a digital advice strategy, Fidelity is offering the new "Navigating Digital Advice: A Four Step Roadmap." The roadmap walks advisors through the process of laying the foundation for a digital offering, including how to segment clients, design and deliver the offering and create a go-to-market plan with messaging and success metrics. Attendees of the Technology Tools for Today (T3) Conference in Garden Grove, California can visit Fidelity at Booth 300 in the exhibit hall to learn more about Wealthscape. For more information, advisors can visit go.fidelity.com/wealthscape or contact their Fidelity relationship manager.
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LLC or an affiliated company. 1 The 2016 Fidelity Advisor Community is an online panel of advisors maintained by an independent firm not affiliated with Fidelity Investments. Surveys on various advisor-related topics are fielded throughout the year via a series of online, blind surveys (Fidelity not identified). As part of panel membership, advisors complete a background survey that captures basic information about their practice and firm (fielded on an ongoing basis starting in April 2015). The survey is administered for all new panelists, and is updated annually for existing panelists based on their panel anniversary date (typically between 9 months to 1 year after they join the panel). "eAdvisors" are identified based on their responses to various survey questions. The background survey was fielded between May 2 and October 31, 2016. Participants included 628 advisors who manage or advise upon client assets either individually or as a team, and who work primarily with individual investors. Advisor firm types included a mix of banks, independent broker-dealers, insurance companies, regional broker-dealers, RIAs, and national brokerage firms (commonly referred to as wirehouses), with findings weighted to reflect industry composition. View source version on businesswire.com: http://www.businesswire.com/news/home/20170215006191/en/ |