Company structure
Apart from the positions and departments mentioned above, Albridge also has a client-services group that is responsible for communicating with financial advisors. This involves not only taking calls from financial advisors, but also broker-dealers. Departments like business development, relationship management, and account management are tasked with making sure that the strategic objectives of the client are met. This is because most clients that come to Albridge are interested in doing special projects.
On average, Albridge receives almost 8.2 TB of data each month and a big part of Albridge’s team revolves around data. The data department measures data quality and handles data anomalies to ensure data quality and integrity.
“Because we’re also data intensive, there’s a group of folks that’s really focused on ‘did we get the data in that we were expecting last night?’ That same group works in two different shifts, providing 24-hours a day coverage and they’re watching [the] files that are coming in. ‘Did we receive the files we expected and are they complete? Is it exactly what we were expecting?’ That same group is also monitoring files that go out.”—Marc
New tech strategy
Peter stresses that the tech strategy is about changing both the process architecture and the physical architecture. Albridge is moving away from waterfall and implementing agile for continuous development.
“Our strategy has been to put an agile team together that works cohesively to deliver products that create elegant experiences. Our cloud native technology, along with a continuous and rapid development cycle addresses the needs of every demanding client that we serve – it has worked really well and it’s a lot of fun.”—Peter
WealthTech Club takeaways
Albridge is on the cutting edge of FinTech because their approach is smart, effective, and progressive. Through their deeply rooted integration with other platforms and solutions Albridge is the epitome of data excellence, elegant technology, and consultative solutions and driving an exceptional advisor experience.
Interviewed by Vasyl Soloshchuk, CEO and co-owner at INSART, FinTech & Java engineering company. Vasyl is also the author of WealthTech Club, which conducts research into Fortune and Startup Robo-advisor and Wealth Management companies in terms of the technology ecosystem.