April 28, 2020
Advicent today announced it has been named to the 2020 WealthTech100 list, an annual collection of 100 of the most innovative technology providers in the wealth management industry. Organized by research firm FinTech Global and selected by a panel of industry experts and analysts, this list highlights the solutions that every leader in wealth and asset management, private banking, and financial advisory services need to know about as they consider and develop their digital transformation and customer propositions.
More than 1,200 companies were submitted for consideration in 2020, of which under 10 percent went on to be selected. “Established investment firms, private banks and advisors need to be aware of the latest innovation in order to remain competitive in the current market,” said director of FinTech Global Richard Sachar in a press release. “The WealthTech100 list helps them do just that and identify new business models which will have a lasting impact on the industry.”
Advicent’s selection comes following a busy year of updates to the NaviPlan platform in 2019, building upon the most precise calculation engine in the financial planning market. These were highlighted by the introduction of NaviPlan Guided Retirement, a two-minute guided workflow for clients and advisors to quickly determine financial needs in retirement across living, leisure, tax, and healthcare expenses. The information from the assessment can then be used to kickstart planning conversations with clients and can be easily promoted into a fully comprehensive financial plan. Advicent CEO Angela Pecoraro added that “many of today’s investors want some level of active involvement with their financial plans, so by presenting complex information in an easy-to-understand fashion, advisors are able to meet those engagement needs.”
Advicent also remained dedicated to its global innovation in 2019. It introduced updates to its Canadian version of NaviPlan allowing advisors to add operating companies into their clients’ financial plans to more accurately calculate taxes in accordance with revised Canadian tax legislation. Additionally, Advicent-owned Figlo – based out of the Netherlands – grew its international reach by expanding the user base of its financial planning software to Greece and Cyprus.
Most recently, Advicent announced it has made the NaviPlan client portal available at no charge to all financial advisors, including current client portal users, through December 2021. “With face-to-face meetings no longer an option at the moment, the need for digital tools to bridge the gap between advisors and clients is increasingly vital – especially with the added market volatility that we’ve been experiencing,” said Ms. Pecoraro. “Technology such as NaviPlan not only makes it easier for advisors to adjust portfolios based on clients’ changing needs but also helps ease some of the uncertainty they may be experiencing through features like regular communications via the client portal.” For more information on the client portal offer, please visit https://go.advicentsolutions.com/freeportal.html.
Advicent is the financial planning technology provider of choice for over 140,000 financial professionals across over 3,000 firms worldwide, including four of the top five custodians, 15 of the top 25 broker-dealers, seven of the top 10 North American banks, and seven of the top 10 North American insurance firms. Our decades of experience empower Advicent to create scalable financial planning software; compliance workflow management solutions; fully branded client experiences through industry-leading APIs; and superior cash flow and goal-based calculations. Advicent products are designed to satisfy the needs of every investor and are used in firms of all sizes. 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. To learn more, visit advicent.com or email firstname.lastname@example.org.