American Portfolios Boosts Offerings: Tech Roundup

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American Portfolios has enhanced its technology offerings for its broker-dealers and RIAs with a new investment in tools.

Specifically, the Holbrook, New York firm has made a stepped-up commitment to Xtiva Financial Systems, a provider of sales performance management technology and services for the financial services industry.

The new pact with Xtiva “builds upon a nearly two-decade relationship with the technology provider,” the firms said Tuesday in a joint announcement. Xtiva’s platform has already been used by American Portfolios for accounting and commissions as the method of payment for compensating its affiliated advisors.

Via an upgrade to Xtiva Reward, American Portfolios will “leverage next-generation compensation tools purposely built for modern financial services organizations,” the firms said.

The addition of Xtiva Intel, meanwhile, will “unlock powerful performance optimization opportunities, delivering insights direct to the desktop and mobile devices of head office staff, field leaders and, most importantly, financial advisors and their practice partners,” they said.

The “key benefits of the expansion,” according to the firms, include: (1) enabling compensation capabilities that support growth, as well as organizational and practice flexibility; 2) improvements in operational efficiency and scalability; 3) performance optimization across the organization; and 4) practice management tools and key performance indicators for enhanced intelligence and reporting.

Franklin Templeton Rolls Out Turnkey Robo-Advisor

Franklin Templeton teamed with Apex Clearing and cloud-based wealth technology provider Bambu to create Tango, a new turnkey robo-advisor the companies said is designed to empower advisors to provide personalized, goals-based wealth management at scale.

Tango was “designed for seamless implementation and cost efficiencies that can be deployed quickly and easily into an advisor’s practice,” the companies said in a joint announcement. Firms can implement the solution without upfront technology costs in just eight to 10 weeks versus several months for competing solutions.

Franklin Templeton provides personalized, goals-based portfolio management advice to advisors via its proprietary Goals Optimization Engine, while Bambu’s white-label platform is the digital solution for clients and advisors; Apex facilitates trading and custody through its back-end platform.