Leading provider of wealth management technology emphasizes importance of scalability to growing a wealth management business
NEW YORK, NY – February 16, 2012 – FolioDynamix, a leading provider of web-based technology, content and services for managing the full investment and wealth advisory lifecycle, today announced that it currently has over six million accounts and $445 billion in assets under administration (AUA)* running on its FDx SingleSightSM wealth management technology platform. The company’s rapid growth has been driven by large wealth management firms, including several large banks and broker dealers, who have chosen FolioDynamix as the foundation for building an integrated wealth management technology platform.
“These are significant scalability milestones that demonstrate how the FolioDynamix platform architecture has allowed our clients to place all of their fee-based programs into a single solution with a single vendor, which in turn helps them create greater efficiencies, streamline business processes, improve transparency and lower overall costs,” said Joseph Mrak, president and CEO of FolioDynamix.
FolioDynamix is a modern, web-based solution that can be deployed in-house or accessed in a hosted software-as-a-service solution. FolioDynamix is unique in that it allows clients to choose the wealth management capabilities and functions that are most critical to them, configure the solution to their unique needs, and gain access to a complete software suite for managing the full wealth management lifecycle – all on a single integrated platform with a single code base. Its modern, open architecture was designed with ease-of-use and scalability as key factors.
Important scalability features of the FolioDynamix architecture include:
- Both horizontal and vertical scalability that give clients a variety of deployment and expansion options
- Seamless integration with a client’s existing applications to provide advisors with a single interface to manage all accounts
- Software-as-a-service and Cloud deployment models that provide clients with automatic scalability – as the business grows, so does the capacity of the technology platform
- Inherent, flexible scalability that enables FolioDynamix to support wealth management firms with any number of users and accounts
“As pressures to increase advisor productivity and drive new business growth continue, wealth management firms need to consider the scalability factor of their technology infrastructure,” said Mark Davis, chief technology officer at FolioDynamix. “FolioDynamix can help firms get more out of their existing systems while also providing the modern, open architecture platform they need to enable greater advisor productivity and support ongoing business growth for many years to come.”
Learn more about FolioDynamix.
FolioDynamix Surpasses 6 Million Accounts and $445 Billion in Assets under Administration (pdf) 103.98 kB
* Please Note: “Assets under Administration” represents assets currently utilizing the FolioDynamix technology platform – not to be confused with “Assets under Management” which is a defined regulatory term that represents the dollar amounts of assets over which a registered investment adviser provides investment supervisory services. FolioDynamix does not provide investment supervisory services for the referenced assets under administration.