Axos Clearing Partners with Envestnet to Deliver Managed Account Solutions
Axos Clearing, a subsidiary of Axos Financial Inc. (NYSE: AX), has announced a strategic partnership with Envestnet to integrate managed account solutions into their Axos Complete portal. This integration aims to enhance service delivery for hybrid broker-dealers and registered investment advisers (RIAs). The partnership will enable clients to streamline portfolio management, automate routine tasks like rebalancing and reporting, and offer expanded investment options. The collaboration focuses on supporting the industry's shift toward fee-based models and advisory relationships, providing financial professionals with comprehensive wealth management capabilities.
Axos Clearing, una sussidiaria di Axos Financial Inc. (NYSE: AX), ha annunciato una partnership strategica con Envestnet per integrare soluzioni di account gestiti nel loro portale Axos Complete. Questa integrazione mira a migliorare la qualità del servizio per i broker-dealer ibridi e gli investitori registrati (RIA). La partnership consentirà ai clienti di semplificare la gestione del portafoglio, automatizzare attività di routine come il riequilibrio e la reportistica, e offrire ampliati opzioni d'investimento. La collaborazione si concentra sul supporto al cambiamento del settore verso modelli basati su commissioni e relazioni di consulenza, fornendo ai professionisti finanziari capacità complete di gestione patrimoniale.
Axos Clearing, una subsidiaria de Axos Financial Inc. (NYSE: AX), ha anunciado una asociación estratégica con Envestnet para integrar soluciones de cuentas gestionadas en su portal Axos Complete. Esta integración tiene como objetivo mejorar la entrega de servicios para corredores-dealers híbridos y asesores de inversiones registrados (RIAs). La asociación permitirá a los clientes optimizar la gestión de carteras, automatizar tareas rutinarias como el reequilibrio y la generación de informes, y ofrecer opciones de inversión ampliadas. La colaboración se centra en apoyar el cambio de la industria hacia modelos basados en comisiones y relaciones de asesoría, proporcionando a los profesionales financieros capacidades integrales de gestión de patrimonio.
Axos Clearing는 Axos Financial Inc. (NYSE: AX)의 자회사로서, Envestnet와 전략적 파트너십을 체결하여 Axos Complete 포털에 관리 계좌 솔루션을 통합한다고 발표했습니다. 이 통합은 하이브리드 중개업자와 등록 투자 고문(RIA)의 서비스 제공을 향상시키는 것을 목표로 하고 있습니다. 이 파트너십을 통해 고객은 포트폴리오 관리 간소화, 리밸런싱 및 보고와 같은 일상적인 작업 자동화, 투자 옵션 확대를 지원받게 됩니다. 이 협력은 수수료 기반 모델 및 자문 관계로의 업계 전환을 지원하는 데 중점을 두고 있으며, 금융 전문가에게 포괄적인 자산 관리 능력을 제공합니다.
Axos Clearing, une filiale de Axos Financial Inc. (NYSE: AX), a annoncé un partenariat stratégique avec Envestnet pour intégrer des solutions de comptes gérés dans leur portail Axos Complete. Cette intégration vise à améliorer la qualité de service pour les courtiers-détaillants hybrides et les conseillers en investissements enregistrés (RIA). Le partenariat permettra aux clients d'optimiser la gestion de portefeuille, d'automatiser des tâches routinières telles que le rééquilibrage et la génération de rapports, et d'offrir des options d'investissement élargies. La collaboration se concentre sur le soutien à la transition de l'industrie vers des modèles basés sur des frais et des relations de conseil, offrant aux professionnels financiers des capacités complètes de gestion de patrimoine.
Axos Clearing, eine Tochtergesellschaft von Axos Financial Inc. (NYSE: AX), hat eine strategische Partnerschaft mit Envestnet angekündigt, um verwaltete Kontolösungen in ihr Axos Complete-Portal zu integrieren. Diese Integration zielt darauf ab, den Service für hybride Broker-Dealer und registrierte Anlageberater (RIAs) zu verbessern. Die Partnerschaft ermöglicht es den Kunden, das Portfoliomanagement zu optimieren, Routineaufgaben wie Rebalancing und Reporting zu automatisieren und erweiterte Anlagemöglichkeiten anzubieten. Die Zusammenarbeit konzentriert sich auf die Unterstützung des Übergangs der Branche zu honorarbasierten Modellen und Beratungsbeziehungen, wodurch Finanzprofis umfassende Möglichkeiten im Vermögensmanagement geboten werden.
- Strategic partnership with Envestnet expands service offerings
- Integration enhances portfolio management capabilities
- Automation of routine tasks improves operational efficiency
- Expanded investment options for clients
- None.
Insights
This strategic partnership marks a significant expansion of Axos Clearing's capabilities in the wealth management space. The integration of Envestnet's managed account solutions into the Axos Complete portal addresses a important market need as the industry shifts toward fee-based advisory models. Key benefits include automated portfolio rebalancing, enhanced reporting capabilities and expanded investment options.
The partnership positions Axos strategically in the growing RIA and hybrid broker-dealer segment. With the wealth management industry increasingly favoring fee-based models over traditional commission structures, this integration could drive meaningful revenue growth through increased platform adoption and higher recurring fee income. The collaboration with Envestnet, a leading fintech provider, also strengthens Axos's competitive position against larger clearing firms.
The partnership will enhance client service and streamline operations for hybrid firms and their advisors
"Partnering with Envestnet to integrate their managed account technology into our professional workstation allows us to provide our clients with the tools and technology they need to thrive in a fee-based advisory model," said David Crow, EVP, Head of Axos Clearing. "This is a key step as we continue developing Axos Complete, our comprehensive platform for advisory and operational solutions.”
Envestnet’s managed account technology will enable Axos Clearing clients to streamline portfolio management, automate routine tasks like rebalancing and reporting, and offer a wider range of investment options, helping advisors serve clients more effectively and scale their practices.
“This new partnership further expands the reach of our managed account solutions," said Molly Weiss, Group President of Wealth Management Platform for Envestnet. "Envestnet and Axos Clearing share a commitment to enable advisors to seamlessly meet clients where they are and address the gaps that many firms face due to a lack of comprehensive solutions. This collaboration will empower more advisors to better serve their clients and grow their practices, which is central to our mission."
As the industry continues to move toward fee-based models and investors increasingly favor advisory relationships, Axos Clearing and Envestnet’s partnership ensures that more financial professionals will have access to an industry leading wealth management platform, helping them manage client relationships more effectively and efficiently.
Axos Clearing delivers comprehensive clearing and custody solutions that cater to the evolving needs of financial institutions. Axos Clearing empowers broker-dealers, registered investment advisers (RIAs), and other financial firms with the tools they need to streamline operations, reduce costs, and optimize performance. By leveraging innovative technology, Axos provides seamless trade execution, efficient account management, and compliance tools, helping clients thrive in an increasingly competitive market.
About Axos
Axos Financial, Inc., with approximately
Axos Financial, Inc. and Envestnet are separate and unaffiliated firms. This material should not be construed as a recommendation or endorsement of any particular product, service, individual or firm.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241101696471/en/
Media Contact:
For Axos Clearing: axosclearing@greenrosepr.com
For Envestnet: envestnetpr@jconnelly.com
Source: Axos Financial, Inc.
FAQ
What is the purpose of Axos Clearing's partnership with Envestnet?
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