[January 18, 2017] |
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Advicent announces strategic technology partnership with Janney Montgomery Scott
Advicent,
the leading financial planning technology provider based in Milwaukee,
WI, is excited to announce their recent strategic partnership with Janney
Montgomery Scott (Janney), a full-service wealth management,
financial services, and investment banking firm. Through their financial
technology research, the financial services company headquartered in
Philadelphia, PA, identified Advicent as a differentiator among other
providers given their comprehensive financial planning software
offering, advisor- and client-facing technology, competitive pricing
model, and most importantly, their answer to the DOL Conflict of
Interest Rule: The
Compliance Blueprint.
Janney will implement NaviPlan
into its workflow with both prospects and clients. As part of the firm's
strategy to continually enhance its secure client site, Online Access,
planning tools, and outputs from NaviPlan will be incorporated.
Providing such access to advanced technology allows advisors to offer
account aggregation, comprehensive goal-based assessments, detailed
cash-flow analysis programs, and scenario simulation calculations. Amid
the upcoming Department of Labor (DOL) regulations slated to unfold in
April, Janney was proactive in its search for technology that will aid
in bolstering its firm-wide compliance strategies while maintaining
excellent client service.
"The aility to remain transparent with clients and prospects is key to
any financial services business, especially given the future changes
expected from the DOL. The NaviPlan technology capabilities will allow
us to successfully navigate this environment, provide our employees with
comprehensive technology-based tools, and empower clients with a
flexible and easy-to-navigate digital platform," stated Martin Schamis,
Vice President, Head of Wealth Planning at Janney. "Our primary business
mission is to put our clients first. As we prepare for heightened
regulation in the industry this year, the Janney-Advicent partnership
will allow us to continue to deliver on this commitment and set our
employees and clients up for long-term success."
In addition to the partnership announcement, Janney will also upgrade
and reconstruct their proprietary Retirement Income Evaluator (RIE) tool
through NaviPlan Presentation Module, a feature that allows Janney to
mold financial planning tools and custom presentations to fit their
process and branded specifications.
RIE 2.0 will be powered by NaviPlan and will help advisors and their
clients to execute long-term retirement strategies through updated
reports, calculations, and cash-flow projections within the tool's
data-driven analysis. NaviPlan Presentation Module will allow Janney to
enhance their current offering to clients enhancing and growing
relationships tied to financial planning while maintaining their
existing process. This unique planning experience will give Janney
advisors a deeper understanding of clients through collaborative data
gathering, further bolstering their DOL compliance efforts.
Phil Cunningham, CEO at Advicent, explains that the partnership is
extremely valued especially as both companies share similar business
ideals and proactively recognize the evolution of the industry amid
regulatory changes. "We are excited that through Janney's due diligence
and technology research, they have identified Advicent as their
technology provider-of-choice, and we look forward to a successful
partnership that will empower their workforce with a variety of
efficient and effective technology-based opportunities to be leveraged
in their DOL compliance strategy."
About Advicent
Advicent is the leading provider of SaaS (News - Alert) technology solutions for the
financial services industry, servicing the world's largest financial
institutions. The Advicent product offering includes the NaviPlan®,
Figlo®, and Profiles™ financial planning applications which power our
Narrator® Advisor and Narrator® Clients portals; the Advisor Briefcase®
marketing communications tool; and the Narrator® Connect application
builder which unlocks the power of Advicent APIs. Through our innovative
product capabilities and dedicated services, we are able to help
thousands of financial professionals and their clients understand and
impact their financial future. Everything comes back to our core
mission-enabling everyone to understand and impact their financial
future. To learn more, visit advicentsolutions.com
or email [email protected].
About Janney Montgomery Scott
Janney provides advice to individual, corporate and institutional
clients. Our expertise includes guidance about asset management,
corporate and public finance, equity and fixed income investing, equity
research, institutional equity and fixed income sales and trading,
investment strategy, financial planning, mergers and acquisitions,
public and private capital raising, portfolio management, retirement and
income planning, and wealth management. Janney is an
independently-operated subsidiary of The Penn Mutual Life Insurance
Company and is a member of the Financial Industry Regulatory Authority
(FINRA) and Securities Investor Protection Corporation (SIPC).
Additional company information is available at www.janney.com
and on Twitter (News - Alert) at @Janney1832.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170118005008/en/
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