New York, NY, October 28, 2014 – Innovest, a provider of next-generation technology and services for forward-thinking financial professionals, announced today that it has partnered with fi360, an organization that provides training programs and software to help clients gather, grow, and protect assets through better investment and business decision-making, to offer the IPS AdvisorPro® platform to its customers. The IPS AdvisorPro® product suite creates, updates and tracks fully customized, professional investment policy statements, giving clients the ability to differentiate their company from the competition.
Using an encrypted, secure web-based program, IPS AdvisorPro® is able to create investment policy statements for multiple client types. Clients will be able to use multiple asset allocation models in a single IPS as well as tailor each IPS according to company brand requirements with unique asset class descriptions and the ability to modify any section.
The client questionnaire helps tailor professional documents based on best practices and unique investment strategies. IPS AdvisorPro® can handle requests on a client by client basis but is also robust enough to handle organization-wide changes for all documents.
"IPS AdvisorPro® was created by advisors and for advisors. The platform is designed to help financial professionals do what is most important to them: acquire new business while simultaneously retaining existing relationships. The IPS AdvisorPro® platform gives users the flexibility and security to streamline the process of creating and tracking investment policy statements," said William Thomas, Innovest's chief executive officer.
Blaine Aikin, chief executive officer of fi360 said, "We are excited to partner with Innovest to offer the IPS AdvisorPro® platform to the trust and wealth management market. With increased regulatory scrutiny, it is more important than ever for banks and trust companies to be armed with sophisticated tools that help to define expectations between the investor and the investment professional."
About Innovest Systems
Innovest is a leading provider of financial technology solutions delivered to forward-thinking trust, wealth management, and retirement professionals. Innovest's solutions empower its clients to acquire new customers, invest assets effectively, manage trust and investment portfolios efficiently, and flexibly report results to customers. Innovest has over $425 billion in assets under administration on its trust and wealth management platform, processes more than 4 million payments annually and provides fulfillment services for more than 10 million documents including checks, advices, and tax forms each year. Innovest's wholly owned subsidiary, FinTech Securities, executes over 69 million equity shares annually. For more information about Innovest, visit www.innovestsystems.com.
About fi360/IPS AdvisorPro®
fi360 helps its clients gather, grow, and protect assets through better investment and business decision-making. Since 1999, fi360 has been providing innovate solutions to financial services providers, including the AIF® and AIFA® designation programs, the fi360 Toolkit™ software, and fi360 Fiduciary Score®. With extensive education, certification, software, and practice management offerings, fi360 is a one-stop shop equipped to provide individuals and organizations with the training, tools, and resources necessary to become more successful. fi360 acquired IPS AdvisorPro in October 2013. To learn more, visit www.fi360.com and www.ipsadvisorpro.com.
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Media: Lindsay Bisson