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The ability of individuals across different income and wealth tiers to access the financial markets has massively increased in the last two years bolstered by technology innovations, the proliferation of data and an expansion of the types of financial products available. That is what you could describe as a democratization of wealth management. ....
REGISTER NOW Intelliflo, a new technology company created by asset manager Invesco, has landed a significant new customer. Insurance giant State Farm announced plans to migrate its brokerage business onto Intelliflo’s platform in an effort to boost agents’ ability to offer investment management and financial planning. Agents will get a single program to recommend products across brokerage and advisory accounts, and Intelliflo will provide risk mapping, goals-based planning, and some client self-service tools. In 2018, Invesco acquired Intelliflo, which provides wealth management software to roughly 37% of financial advisors in the U.K., Financial Times. Then in March, 2021, Invesco merged it with i4C, another U.K. based fintech that offers cash flow modelling, and U.S.-based companies Portfolio Pathway (portfolio management and reporting), RedBlack (trading and rebalancing) and Jemstep (white-label robo advice), bringing all five companies under the Intelliflo ....
Banks See Wealth Management As A Growth Engine, But They Aren't Very Good At It forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.