NEW YORK, NY – May 13, 2015 – FolioDynamix, a leading provider of wealth management technology and advisory services, today announced that IDB Bank has selected the FolioDynamix wealth management technology platform. The FolioDynamix platform will provide IDB Bank with a single interface and unified processes for proposal generation, research, investment model management and trade order management. The platform will replace legacy technology and provide IDB Bank with the foundation to grow its wealth management business and managed account programs.
“We selected FolioDynamix for the flexibility of its technology complemented by the seamless integration of its advisory services,” stated Greg Leo, IDB Bank’s Senior Vice President and Chief Investment Officer for Investment Management & Trust. “Deploying a single, unified technology platform across all of our managed accounts will provide us with greater operational efficiency and give our advisors access to next generation portfolio management tools to better service clients.”
“Our ability to provide a truly unified enterprise platform for the full wealth advisory lifecycle is helping firms streamline operations and empower advisors for innovation and growth,” said Joseph Mrak, chairman and CEO at FolioDynamix. “We are extremely pleased that IDB selected the FolioDynamix wealth management technology platform and we look forward to helping them grow their business.”
About IDB Bank
Israel Discount Bank of New York is a full-service commercial bank chartered by the State of New York and a member of the Federal Deposit Insurance Corporation (FDIC). In addition to its Manhattan headquarters and branch offices in Brooklyn, N.Y., Staten Island, N.Y. and Short Hills, N.J., the Bank maintains other full-service branches in Southern Florida and Southern California. The Bank provides a complete range of commercial and private banking, trade services and deposit products to U.S. and international clients. Areas of expertise include Middle Market, Asset Based and Commercial Real Estate Lending, Trade Finance, Portfolio Management and U.S. and International Private Banking. Visitwww.idbny.com for more information.
FolioDynamix offers the most comprehensive web-based wealth management technology platform for managing the full advisory lifecycle – proposal generation, research, model management, portfolio accounting, trade order management, reporting, and performance analytics. The FolioDynamix platform is truly unified to eliminate silos and empower advisors with a single platform to manage all customer accounts. FolioDynamix provides registered investment advisors, banks, broker dealers, custodians and wealth service providers with leading-edge technology to attract and retain advisors, accelerate client acquisition and gain visibility across all assets under management. The results are improved efficiency, stronger compliance, enhanced client service and faster growth. FolioDynamix is an Actua company (Nasdaq: ACTA).