Global Financial Private Capital has chosen Fidelity Investments' Xtrac Solutions platform as its business processing technology.
Xtrac, a cloud-based workflow and document management firm launched by Fidelity three years ago, has seen its user base grow about 60 percent each year since its start-up, according to Fidelity.
The platform, which uses technology that has been used by Fidelity internally for 20 years, supports more than 30,000 users and annually processes more than 40 million work items.
“Many of our clients are seeing double digit growth, including banks, insurance providers, brokers, investment managers, advisory firms, and other recently emerging firms, such as strategic acquirers and strategic aggregators,” said Dan Brownell, president and CEO of Xtrac Solutions.
Global Financial will use Xtrac to automate, process and track transactions within its network of registered investment advisors across the country.