Schwab Launches Personalized Indexing for RIAs: Tech Roundup

The two new solutions are the latest of a variety of new capabilities and features to support the growth and digitization of the ETF operating model, the company said.

The ETF Intelligent Basket Builder, part of BNY Mellon’s ETF Center and available on the NEXEN Portal, provides a central point of communication between the sell and buy sides of the ETF ecosystem, the firm said.

“Leveraging integrated fixed income data from a third-party provider, the ETF Intelligent Basket Builder enables users to seamlessly pull key data metrics, such as pricing and liquidity rankings, into a set list of securities to be included in the C/R order,” BNY Mellon said.

The ETF Asset Flow Analytics Dashboard “allows buy-side managers to customize their analysis of primary market trading,” according to the firm. “ETF firms can now also identify trends and have deeper conversations with critical liquidity participants,” it said.

Those new features build upon capabilities released throughout 2021, which include the new post-order fees engine and new digitized ETF Basket Data offerings, said the company, which has over $1.25 trillion in ETF assets.

Advisor360° Launches Automated Document Bundling

Advisor360° launched Automated Document Bundling, which the firm said Wednesday detects, enriches and batches new account documents submitted by advisors.

It’s the latest in a series of innovations to Advisor360°’s wealth management software.

The new capability enables broker-dealers to complete new account case volumes faster by lowering the number of cases and enriching information seamlessly across multiple documents, “decreasing processing times and room for human error,” the company said.

“The ability to enrich the metadata across required documents and close gaps in information results in faster new account openings and fewer errors in paperwork processing,” according to the firm.

Automated Document Bundling is available to users of Advisor360°’s Imaging application programming interface, which offers enhanced auditing, reporting and household-level group capabilities, the company said.

Advyzon Launches Quantum Rebalancer

The Advyzon Quantum Rebalancer is now available to all advisors and Advyzon users, the company said Tuesday.

Quantum is an in-house trading and rebalancing tool and the latest feature integrated into the Advyzon cloud-based platform, which combines portfolio management, customizable performance reporting, trading and rebalancing, client web portals, client relationship management, client billing and document storage.

The tool went live after being beta tested since February 2021, according to John Mackowiak, Advyzon chief business development officer. “It’s an important component of our platform that our team has been working on and finetuning for years, and we’re confident that it will improve the portfolio management process for Advyzon users and advisors everywhere,” he said in the announcement.

Advyzon now serves more than 1,100 advisory firms, it said.

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