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The gathering focused on platform technology and included presentations from non-technical leaders such as Pixar’s Mathew Luhn.
After 10 years in the wealth technology space, platform provider Advyzon has just held its first conference. The event, held last week in Phoenix, attracted more than 400 guests for its technology demonstrations, integration discussions and webinars, which were sold out.
Advyzon’s “all-in-one” platform is now used by more than 1,500 advisory firms, who and their managed integration partners are leveraging its technology to increase efficiency, productivity and growth.
Started with The creator of Morningstar Office, Advyzon appears to be a shining star in today’s tech landscape as some of its larger competitors have embarked on acquisition sprees and now needs to reconcile the resulting debt, manage layoffs, deal with executive departures and Tighten your belt. This provides companies like Advyzon with a unique opportunity to expand their business and enhance their market.
At a recent conference, Advyzon announced Advyzon 3.0, a platform upgrade that promises added functionality, artificial intelligence, advanced automation and new mobile capabilities.
Because Advyzon is built on a single source code, its end-to-end features (such as CRM, portfolio management, reporting, trading, rebalancing, etc.) are tightly integrated to create a unified user experience. This contrasts with the idea of a “best of breed” model, where consultants cobble together their favorite applications through data integration, but often end up with clunky, non-integrated work process.
“We have saved every click our users have made over the past decade to find better ways to enhance the user experience,” said Hailin Li, founder and CEO of Advyzon.
This data aggregation effort generated tens of terabytes of information and is now leveraging advanced artificial intelligence capabilities to increase efficiency and productivity for advisors.
As Advyzon becomes more influential in the advisor technology ecosystem, major custodians are starting to realize they need to be more integrated with the company’s products to stay at the forefront of advisor needs, and they all recently met main sponsor.
Apex Advisory Solutions recently announced a comprehensive hosting integration, such as Advyzon users can open, fund and start managing new accounts directly from the platform.
Cat Davies, CEO of Innovayte (the custodian has renamed itself Equity Trade), took to the stage to highlight the company’s new integration with Advyzon, another example of how custodians can go to market leveraging Advyzon’s end-to-end capabilities. technology and hosting solutions.
Nebo Wealth, GMO’s technology-driven asset management platform, also launched important products at the conference. Nebo Wealth said its technology enables RIAs to streamline and automate the process of delivering personalized investment portfolios at scale. It is partnering with Advyzon Investment Management’s turnkey asset management product to provide services including trading, rebalancing, billing and reporting.
Tech Tools Today director Joel Bruckenstein and Inside Information publisher Bob Veres join Informa’s Shannon Rosic on stage to discuss the latest industry developments, including the results of a recent consultant survey that reinforces the progress made by Advyzon.
“Advyzon has received the highest rating in the all-in-one category for many years in a row, which is frankly unheard of,” Bruckenstein said.
Veres mentioned that he had a renewed interest in the integration category after spending some time listening to consultants about their ongoing frustrations with technology integration.
Meetings are not all technology and demos. Great keynotes from non-wealthy tech leaders like Pixar director Mathew Luhn were featured throughout. He spoke to the audience about his experiences directing and animating hit films such as “Toy Story,” and explained the importance of storytelling in everyday business interactions.
“Storytelling inspires people to take action, so the key to good stories is that they are memorable, impactful and personal. Only 5% of people remember statistics, charts or graphs. However, if there is a story associated with it, Then the number would be 65%,” Luhn said.
He added that his job is to “make people laugh or cry for a living.” Moreover, in all aspects of human interaction, “the best story wins,” Lun said.
Timothy D. Welsh is President, CEO and founder of Nexus Strategy, LLC, a leading advisory firm in the wealth management industry. He can be contacted via: tim@nexus-strategy.com Or on X @NexusStrategy.
(Image source: Adobe Stock)
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