PIEtech Inc., maker of the favored, if not ubiquitous, MoneyGuidePro goals-based monetary planning software program and people behind Oranj, the free award-winning wealth administration platform, introduced a joint integration Wednesday.
Oranj, well-known for its aggregation of, properly, account aggregation applied sciences, can pull consumer information from three totally different suppliers: Quovo, Yodlee and ByAllAccounts. The brand new integration can profit advisors by bringing in that information to robotically populate fields inside their MoneyGuidePro planning software program. This will show particularly useful for advisors making an attempt to see held-away property.
Granted, many advisors have already got a relationship with an aggregator, presumably via their custodial relationship or that of one other third-party expertise supplier. Nevertheless, for these advisors that lack aggregation, are searching for a change or wish to reap the benefits of Oranj’s different platform companies (which embody buying and selling, rebalancing, automated account opening with signature assist, and consumer portals), this could possibly be a no brainer.
Along with the free expertise options (a few of which got here from the corporate’s acquisition of TradeWarrior in April 2017) and companies, the Oranj platform consists of an funding market populated with asset allocation fashions and funds from BlackRock, Direxion, Morningstar, PIMCO, WisdomTree, ETF Securities and Frost Funding Advisors, amongst others.
The deal comes on the heels of different current bulletins within the usually quieter, extra staid world of monetary planning, together with the February heralding of a scaled-down providing from eMoney and the late January launch of Apprise Labs (which introduced three former rivals collectively).
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