Schwab Launches Custom Indexing for RIAs: Technical Overview
The two new solutions are the latest in a variety of new capabilities and features to support the growth and digitization of the ETF’s operating model, the company said.
The ETF Intelligent Basket Builder, part of BNY Mellon’s ETF Center and available on the NEXEN portal, provides a central point of communication between the sell and buy sides of the ETF ecosystem, the company said.
“By leveraging embedded fixed income data from a third-party vendor, the ETF Intelligent Basket Builder allows users to seamlessly extract key data metrics, such as price and liquidity rankings, in a defined list of securities to be included in the C/R order,” BNY Mellon said.
The ETF Asset Flow Analytics dashboard “allows buy-side managers to customize their analysis of primary market transactions,” according to the firm. “ETF companies can now also identify trends and have deeper conversations with critical liquidity players,” he said.
These new features build on capabilities released throughout 2021, which include the new post-order fee engine and new digitized ETF basket data offerings, said the company, which has more than $1.25 trillion. of ETF assets.
Advisor360° launches automated document grouping
Advisor360° has launched Automated Document Aggregation, which the company says detects, enriches and aggregates new account documents submitted by advisors.
This is the latest in a series of innovations from Advisor360°’s wealth management software.
The new capability enables brokers to process new account caseloads faster by reducing caseloads and seamlessly enriching information across multiple documents, “decreasing processing times and the margin for human error”, the company said.
“The ability to enrich the metadata of required documents and fill information gaps results in faster new account openings and fewer errors in document processing,” according to the company.
Automated document grouping is available to users of Advisor360°’s imaging application programming interface, which offers enhanced household-level auditing, reporting and grouping capabilities, the company said. .
Advyzon launches Quantum Rebalancer
The Advyzon Quantum Rebalancer is now available to all Advyzon advisors and users, the company announced Tuesday.
Quantum is an in-house trading and rebalancing tool and the latest functionality integrated into Advyzon’s cloud platform, which combines portfolio management, customizable performance reports, trading and rebalancing, client web portals, customer relations, customer invoicing and document storage.
The tool went live after being beta tested since February 2021, according to John Mackowiak, Advyzon’s Business Development Manager. “This is an important part of our platform that our team has been working on and refining for years, and we are confident that it will improve the portfolio management process for Advyzon users and advisors everywhere. around the world,” he said in the announcement.
Advyzon now serves more than 1,100 consulting firms, he said.