News

October 9, 2014 6:49 pm

Bell State Bank & Trust Wealth Management Rolls Out UMA Program on FolioDynamix Wealth Management Technology Platform

Large privately-owned bank and trust firm successfully deploys FolioDynamix for open architecture wealth management program

NEW YORK, NY – October 9, 2014 – FolioDynamix, a leading provider of wealth management technology and advisory services, today announced that Bell State Bank & Trust’s Wealth Management Division has successfully deployed the FolioDynamix wealth management technology platform. The technology platform provides Bell with a single interface and unified processes for proposal generation, investment model management, trading and rebalancing. In addition, Bell State Bank & Trust’s Wealth Management Division has engaged FDx Advisors, the registered investment advisory affiliate of FolioDynamix, for investment research, due diligence and unified managed account (UMA) programs.

“Bell State Bank & Trust has a history of unwavering commitment to its clients, including providing the latest investment offerings and personalized service,” stated Patrick Chaffee, Chief Operating Officer of Bell State Bank & Trust’s Wealth Management Division. “Deploying next-generation technology across all accounts will provide us with greater insight, a more productive investment management environment and more time to spend on the strategic aspects of working with clients. In addition, the investment modeling capabilities of the platform will enable us to scale up our business and expand our use of model portfolios. FolioDynamix proved to be a great partner during the implementation, and we were able to get the platform up and running in less than three months.”

“We are extremely pleased that Bell State Bank & Trust selected FolioDynamix as the foundation for its new wealth management technology platform and UMA programs,” said Joseph Mrak, chairman and CEO of FolioDynamix. “Our ability to provide a truly unified enterprise platform for the full wealth advisory lifecycle, combined with trust advisory expertise and program strategies, is proving to be a real asset to bank and trust firms looking to grow their wealth management business. We look forward to helping Bell State Bank & Trust’s Wealth Management Division continue its history of delivering exceptional service to its clients.”

About Bell State Bank & Trust

Bell State Bank & Trust is the largest privately owned bank in North Dakota, South Dakota and Minnesota thanks to its many loyal customers, whose confidence has led to the company’s growth and success. From the start, Bell State Bank & Trust has kept its commitment to remaining an independent, locally owned, regional bank. Headquartered in Fargo, North Dakota, Bell State Bank & Trust was chartered as State Bank of Fargo in 1966. Bell State Bank & Trust is an award winning bank with 20 full-service bank locations in Fargo, West Fargo and Wahpeton, North Dakota, and Moorhead, Dilworth, Hawley, Audubon, Detroit Lakes, Pelican Rapids, Breckenridge, Fergus Falls, Alexandria and Minneapolis, Minnesota. Visit www.bellbanks.com for more information.

About FolioDynamix

Bringing innovation, insight and agility to the wealth management and investment advisor communities, FolioDynamix offers the most comprehensive web-based technology platform for managing the full wealth advisory lifecycle – including proposal and onboarding, research, model management, portfolio accounting, trade order management, operations, reporting, and performance analytics – across all account types. The FolioDynamix wealth management platform is truly unified – eliminating silos and empowering advisors with a single platform to manage all customer accounts. The platform provides registered investment advisors, broker dealers, banks, custodians and service providers with leading-edge technology to attract and retain top advisors, accelerate client acquisition and gain end-to-end visibility into all assets under management for improved efficiency, better compliance, and enhanced client service.

Press Contacts:

FolioDynamix – Vickie Nutter – +1 916-288-6404 – vickie.nutter@foliodx.com

Bell State Bank & Trust – Patrick Chaffee, Chief Operating Officer, Wealth Management – pchaffee@bellbanks.com