“The magic of Money Manager X-Change is the ease of use,” Pace says. “From the moment an RIA determines to outsource some or all of the investment management solution, Money Manager X-Change takes care of the rest. On-boarding a strategy is easy, billing is automated for all parties and most importantly, the advisor doesn’t even have to open an additional account to work the new strategy into the client’s portfolio.
“Our sleeve-level technology allows an advisor to run their strategies alongside the third-party strategies all in the same account,” he says.
In November, TCA by E-Trade launched a new account aggregation tool, CompleteView. The tool gathers data from across a client’s financial accounts, including custodial accounts, providing a comprehensive view of client assets.
CompleteView is accessible through the Liberty platform, TCA by E-Trade’s custody platform, which offers advisors and their clients access to on-demand financial information through a single online interface.
“CompleteView helps advisors analyze spending and investment patterns over time, providing insights into their clients’ saving and investing trends. This can help advisors spot opportunities to provide additional solutions to help support their clients’ financial needs,” Pace says.
Advisors particularly like having the ability to connect clients’ outside accounts, including checking accounts, credit cards, 401(k)s, and more,” in one space, he says.