Advicent, Quovo partner to create more effective financial planning experience

Advicent Solutions has collaborated with Quovo

Advicent, Quovo partner to create more effective financial planning experience

Advicent Solutions, a provider of technology solutions to financial services industry, has collaborated with Quovo, a financial data science company, to accelerate convergence of personal financial management and financial planning.

 

Under the partnership, Quovo will offer account aggregation and direct custodial integrations to accelerate the integration strategy of Advicent Solutions and the convergence of personal financial management (PFM) and financial planning.

 

The collaboration will enable advisors to automate their data gathering which will slash their plan creation time, Advicent Solutions claims.

 

Also, it will allow advisers to gain a complete and continually updated view to a client’s current and future financial situation.

 

Advicent Solutions senior product director Cory Olson said: “Through this partnership we will help advisors serve an increasing number of their clients more effectively. Planning will now be easier, continuous and interactive and will be done in real-time.”

 

Quovo cofounder and CEO Lowell Putnam said: “We’re excited that Advicent shares our vision about the future of wealth management and financial planning being built on a foundation of rich data.

 

“By offering our aggregation to the broad client base Advicent has, even more advisors will be able to service clients with holistic advice. Additionally, the larger enterprise clients of Advicent will be positioned to capitalize on the business intelligence opportunities that our platform will be providing.”

 

Advicent Solutions added that it will leverage the accord to introduce a new, collaborative client experience that combines PFM and financial planning in coming months.