Investigo today announced a deal with
Ameritrade Advisor Services whereby Ameritrade will offer Investigo's
Web-based data consolidation and reporting software to Ameritrade's
over 1,400 registered investment advisor clients. As part of the
agreement, Investigo is building a custom interface and providing
quality assurance services for Ameritrade Advisor Services.
Investigo's platform integrates a number of key
practice management features. It automatically updates consolidates and
reconciles client portfolio data; and it provides a unified portal for
asset tracking, client relationship management and regulatory
compliance.
Ken Himmler, CEO and owner of Integrated Asset
Management, LLC in Sarasota, FL has been using Investigo for over a
year. "I originally read about Investigo in Virtual Office News and I
signed up shortly thereafter" he said. "Since that time, we've been
able to reduce staff and office space by over 50%, while increasing
profit margins over 30%. We've also completely changed our processes,
so that we can now devote more time client service. Investigo has had a
huge positive impact on our practice".
According to James Wangsness, senior vice president
of Ameritrade Advisor Services: "A growing number of savvy advisors
want to leverage technology to streamline their client management, and
Ameritrade Advisor Services is constantly looking for tools to help
them. We are impressed not only with Investigo's capability, but also
with its attractive pricing. We're confident it will save our advisor
clients both time and money...and ultimately help Ameritrade attract and
retain the most successful of advisors".
In view of Ameritrade's pending merger with TD
Waterhouse, the deal takes on added significance. Should the merger go
through as planned, it is highly likely that the Investigo platform
will be made available to the 2,600 fee-only and fee based independent
financial advisors currently served by TD Waterhouse Institutional
Services on identical terms.
Investigo Inks Deal With Ameritrade
September 6, 2005
-Joel Bruckenstein
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