New York-based Apex Clearing announced on Tuesday a new integration with Marstone, a digital wealth management platform, via a strategic partnership.

According to Apex, the partnership will benefit investment management firms insurance companies and organizations with large financial services practices, as well as those expanding into the financial services, who face a demand for digital experiences and capabilities from their clients.

"Marstone's platform offers an exceptional user experience and intuitive design," said Bill Capuzzi, CEO of Apex Clearing, in comments released on Wednesday. "We look forward to bringing new and innovative tech-forward solutions to market together in the coming months, and this launch serves as just the beginning of our joint mission to modernize investing in the digital wealth space."

The partnership is forged with a joint-client mandate as its initial collaborative project, and Apex expects that project to go live in coming months. In the future, innovations including advisor tools are planned for the platform.

Marstone, also based in New York, currently has integrations with custodians, banking platforms, account aggregators and investment managers. It was co-founded by former Merrill Lynch advisor Margaret Hartigan, who now serves as the firm’s CEO

"In today's uncertain times, it's essential for the companies that clients trust with their financial access and health to be modern, digital-first, and inclusive of clients with $500 or $50 million. Apex Clearing is known to be a leader in administering client assets in real time and is incredibly digitally friendly. These exacting capabilities driven by powerful APIs combined with Marstone's modern customer experience and approach will ensure future growth for us both," said Hartigan in released comments. "Our technology is a tool for digital transformation, and we're excited to see where our current and future collaboration with Apex will lead."