Advisors affiliated with MML Investor Companies, a Massachusetts Mutual Life Insurance coverage Firm (MassMutual) subsidiary, will now have entry to different investments via CAIS.
The CAIS end-to-end know-how platform incorporates different investments, together with hedge funds, personal fairness, personal debt, actual property, infrastructure and structured notes.
The partnership may even present MML Investor Companies advisors entry to CAIS IQ, a proprietary, on-demand different funding schooling platform. CAIS IQ additionally permits residence workplace professionals to watch monetary advisors’ studying progress throughout varied programs, a few of which can be found for CE credit. CAIS IQ was created by Alai Studios, a know-how growth agency.
Alai CEO and founder Andrew Smith Lewis additionally just lately unveiled Lydia, an advisor-facing AI program, in partnership with Shaping Wealth, an organization specializing in behavioral finance coaching and serving to advisors perceive the psychology of monetary planning.
Based in 1981, MML Investor Companies’ wealth administration unit at the moment has $207 billion in belongings underneath administration.
CAIS helps over 32,000 advisors who oversee over $4 trillion in community belongings. Since its founding in 2009, it has facilitated over $30 billion in transaction quantity. CAIS has places of work in New York, Los Angeles, Austin, Texas and London.
PureFacts Monetary Options Companions With BridgeFT
PureFacts Monetary Options, an information and payment evaluation agency, has chosen BridgeFT’s WealthTech API to supply direct entry to multi-custodial consumer and funding account information.
In June 2023, PureFacts Monetary Options turned the first billing software for BNY Mellon’s Pershing X wealth administration platform Wove, providing each day payment reporting, superior income administration and gross sales efficiency analytics.
BridgeFT is a cloud-native know-how supplier of core software program infrastructure to advisory companies, which launched in 2015. It’s best recognized for its cloud-based efficiency reporting and payment billing providing, Atlas. The corporate has labored with varied shoppers, together with RIA companies, monetary establishments (together with belief companies and others) and different fintechs. BridgeFT first launched its WealthTech API in January 2023.
The collaboration with PureFacts Monetary Options is simply the most recent for BridgeFT’s WealthTech API. In Could 2023, Zoe Monetary, a find-an-advisor service, chosen BridgeFT’s WealthTech API to energy its information connectivity and infrastructure. And in November 2023, retirement administration software program supplier Revenue Lab started utilizing it to mixture multi-custodial information.
MyRepChat Founder Derrick Girard Joins AdvisorNet Monetary
Derrick Girard, founding father of texting compliance supplier MyRepChat, has joined AdvisorNet Monetary, an workplace of supervisory jurisdiction of Cetera Advisor Networks, within the newly created place of chief development officer.
Girard, a U.S. Air Power veteran, has spent his profession in monetary companies, with roles at Ameriprise Monetary Companies and Securian Monetary Group. He additionally spent a number of years engaged on funding options within the banking channel earlier than becoming a member of Minnesota-based software program firm ionlake, which produced MyRepChat.
MyRepChat was acquired by FMG Suite in October 2023.
AdvisorNet Monetary was based in 1959 and has over 230 advisors in 23 states.
