Colorado-based UX Wealth Partners (UX Wealth) has partnered with Bridge Financial Technology (Bridge) to merge its UX Wealth platform with Bridge’s automated back-office operations.
Bridge provides data processing, aggregation and daily reconciled custodial account data, while UX Wealth’s Turnkey Asset Management Platform (TAMP) provides financial advisors with exclusive access to investment managers with expertise in artificial intelligence (AI) and machine learning.
By integrating with Bridge, UX Wealth will be able to offer more flexibility to advisors with automated back-office operations reports, billing, account management, client communication, and trade execution services.
With Bridge’s technology, the model portfolio providers made available through UX Wealth are better positioned to execute as close to trade signals as possible, says UX Wealth.
Earlier this year, the UX Wealth platform integrated with risk management provider, StratiFi,
to provide customers with risk analysis to profile clients, helping advisors better understand the factors that drive a portfolio’s performance by evaluating correlation, volatility, tail risk, and concentrated stock risk.
Commenting on the partnership, Kyle Wiggs, CEO and co-founder at UX Wealth Partners, says: “By providing technology that is easy to use and yields better results, we are helping advisors use their skills and expertise to manage AI suggestions, a true differentiator in the market to create dynamic portfolios for investors.”
Rasheed Hammouda, co-founder and CEO of Bridge, adds: “We built our technology from the ground up with the needs of modern advisors and investors in mind, from enterprises like UX Wealth to the individual registered investment advisor business owners they serve.
“We are excited to enter this partnership and deliver the technology advisors need to modernise and scale their businesses to the next level.”
Image: monsitj 