Tech Roundup: News from Flourish Crypto, GeoWealth, Advisor360 and Facet Wealth
What do you want to know
- Advisors using the Flourish Crypto platform now have free access to DACFP training under a new pact.
- Advisor360° has improved its payee capability for advisors.
- Fintech company Facet Wealth has made four additions to its management team.
Advisors who use the Flourish Crypto platform now have free access to an introductory course offered by the Digital Assets Council of Financial Professionals as part of a new pact the companies announced Thursday.
Flourish offers a turnkey, directly owned crypto investment solution for RIAs, while DACFP is a crypto education company created by Ric Edelman, founder of Edelman Financial Engines.
The free course was specifically designed to educate advisors on the emerging asset class and help them master bitcoin, blockchain, ethereum, and other digital assets.
The course includes 12 short videos, covering topics such as assessing the role of crypto in client portfolios, compliance, understanding custody, and the difference between direct and indirect crypto ownership. Counselors who complete the course earn one and a half continuing education credits.
Advisors are also embarking on the “path to obtaining” the DACFP certificate in blockchain and digital assets with a significant reduction in tuition fees, the companies said.
Flourish Crypto now serves over 70 RIAs with a total of $150 billion in assets under management and was built on the Flourish platform, which is used by over 440 RIAs managing over $1.4 trillion in assets. combined assets, according to the company.
Advisor360° improves beneficiary functionality
Advisor360° has announced a multi-product improvement to its beneficiary capacity for advisers on Tuesday.
Advisors using the software-as-a-service provider’s platform can now see and report on their clients’ beneficiaries on insurance products, in addition to deposit and investment accounts, in a single view, a said the company.
“The enhanced functionality integrates beneficiaries of all investment products, including insurance and annuities, eliminating the need to visit multiple websites,” according to the company.
Advisors can view and report on primary, secondary, tertiary and personalized beneficiary agreements for active or pending policies, he said, adding that the enhancement “streamlines” preparation for advisor-client meetings.
The company plans to offer new features later this year to break down more of the technology hurdles it said brokers must overcome to stay competitive.
Facet Wealth expands
Fintech Facet Wealth four additions to its leadership team: Mayra Cardoso as Chief Customer Experience Officer, Nick Betit as Vice President of Growth Analytics and Customer Experience, Jimmy Ellis as Senior Director of Marketing growth and Sung Lee as Director of Acquisition Marketing.
Cardoso was previously a client portfolio manager at JP Morgan, specializing in asset allocation strategy for pension plans, endowments and foundations.
Prior to joining Facet, Betit led growth analytics at Discovery Education.
Ellis joins Facet with over 20 years of experience helping companies achieve aggressive growth goals. He was previously director of optimization research at MEC Labs and vice president of marketing at Knox Financial.