Chicago-based GeoWealth, a fintech firm operating a turnkey asset management platform (TAMP), announced on Tuesday an alliance with Portland, Maine-based compliance tech firm Foreside Financial Group.

Through the partnership, breakaway advisors and RIA founders will be able to access a suite of turnkey investment and compliance technology to help them launch their businesses.

In its TAMP, GeoWealth offers both advisor-managed and third-party models, with access to strategies from a range of asset managers including J.P. Morgan, PIMCO, Fidelity, State Street Global Advisors, Van Eck and Global X. It also offers advisors a cloud-based platform that allows them to manage multiple aspects of their businesses.

Foreside’s compliance offerings are a blend of technology and consultation designed by experts and crafted to the ever-changing compliance obligations of RIAs.

“Before an advisor launches an RIA, they must select both a compliance and technology partner. With the added complexities for advisors now working remotely during COVID, we are focused on simplifying and streamlining what is often characterized as an overwhelming process,” said Colin Falls, president of GeoWealth, in released comments. "We are excited to announce our partnership with Foreside. Their industry-leading compliance offerings combined with our turnkey, modern platform will help entrepreneurial advisors successfully make the transition to independence.”