AdviceAmerica (Fremont, Calif.) has integrated its AdvisorVision Web-based planning application with Lawrenceville, N.J.-based Albridge Solutions' (formerly StatementOne) Wealth Reporting System. The combined solution delivers updated client data automatically on a nightly basis over the Internet, according to the vendors. AdvisorVision is a suite of integrated planning modules that perform functions such as asset allocation, retirement planning, debt reduction and estate planning, and deliver actionable and personalized advice to overcome shortfalls.
Now, the solution leverages Albridge's ability to aggregate client information from a broad range of sources, including clearing systems and mutual fund companies, according to AdviceAmerica CEO Purna Pareek. "By linking the two systems over the Internet, advisers who subscribe to both products will ... not need to manually update client data," Pareek asserts. "Financial plans will be updated automatically."
Anthony O'Donnell has covered technology in the insurance industry since 2000, when he joined the editorial staff of Insurance & Technology. As an editor and reporter for I&T and the InformationWeek Financial Services of TechWeb he has written on all areas of information ... View Full Bio