Fidelity’s ‘Get Smarter And Go Faster’ Technology
Fidelity has announced new technology tools to be rolled out via its Wealthscape platform, tools designed to help RIAs, broker-dealers, banks and family offices go digital. Wealthscape has already offered access to such applications as planning software from eMoney Advisor. A new expansion will be a consolidated data offering that allows advisors access to a comprehensive view of client assets across financial institutions. Fidelity will aggregate data on an ongoing basis from multiple sources, including accounts, positions, balances, transactions, and client-provided data. Firms will be able to use this consolidated data from Fidelity with Wealthscape’s existing portfolio tools.
Wealthscape is also adding “Insights + Analytics,” an offering that explores how quantitative techniques, including artificial intelligence, machine learning and predictive analytics, can help advisors save time, grow their businesses and enhance their relationships with clients. Insights + Analytics will allow advisors and firms to see a snapshot of their book of business, which provides a starting point for further exploration; identify segments in their books of business that are thriving or need attention; and look at correlations among clients, including their ages, revenue and AUM, to find an opportunity in outliers.