VRGL and BridgeFT Partner for Wealth Manager Portfolio Review
Institutional-grade analytics provider VRGL has joined strengths with Bridge Financial Technology (BridgeFT) to augment portfolio analytics for wealth managers.
The alliance will see the provision of combined end-to-end analytics and portfolio management solutions to wealth management institutions.
The solutions should enable wealth managers to improve transparency as well as improve communication and engagement with clients and prospects.
As part of the alliance, BridgeFT’s WealthTech API will power VRGL’s analytics suite to offer a fully automated, API-based link to custodial and retainer accounts.
Wealth managers will be able to get a “complete” view of their clients’ financial details to provide enhanced portfolio assessments.
Merging BridgeFT’s API and VRGL’s 5 Pillars Analytics should help advisors accelerate data integration.
It also aims to allow advisers to quickly view the precise and aggregated wealth data of clients.
Wealth managers will be able to improve their assets under management and accelerate revenue generation through PDF automation or by pulling a consolidated statement, the companies say.
They can also benefit from multi-depository account accumulation and proposal management in addition to client reports, fee billing and practice entries.
BridgeFT CEO Joe Stensland said, “Our partnership with VRGL is another great example of how BridgeFT is powering the next generation of wealth management technology applications.
“VRGL offers advisors a truly innovative approach to growing their business, and the additional connectivity to our WealthTech API will benefit their wealth management clients by enabling direct access to accurate, aggregated and trade-ready data on wealth accounts. custody and retained accounts to generate more. informed investment decisions. In June this year, BridgeFT announcement a partnership with StratiFi to provide a fully automated solution to accurately analyze and manage client risk throughout its investments.