Sanctuary Wealth, an advanced platform for advisors, announced today it has formed a partnership with financial technology company Pontera that enables Sanctuary Wealth advisors to manage, trade, and bill on held-away accounts, including 401(k)s and 403(b)s.
“We are consistently focused on offering our advisors access to the most comprehensive client service and experience toolbox possible,” said Robert Walter, President of Sanctuary Wealth, in a press release announcing the deal. “Our partnership with Pontera empowers our advisors to provide 360° retirement planning services to their clients by giving them a more complete financial picture and the ability to manage the client’s entire portfolio.”
“Over 60% of investors are looking for expert guidance on their held-away retirement accounts, and we are thrilled to partner with Sanctuary Wealth to empower their advisors to fill that void.”
Pontera’s David Goldman
Pontera integrates with Orion, Sanctuary Wealth’s portfolio management software, enabling its advisors to have visibility into their clients’ held away assets for seamless management, reporting and billing. “Through Orion’s data feed integration with Pontera, we’re clearing a path for advisors to efficiently manage and trade held-away accounts,” said Brian McLaughlin, president of Orion Advisor Technology. “Fueling this partnership between Pontera and Sanctuary Wealth will give advisors a deeper view of their clients’ assets leading to stronger retirement savings guidance.”
Through this partnership, New York City-based Pontera (founded in 2012 as FeeX) enables Sanctuary Wealth’s advisors to improve client confidence and satisfaction with more complete retirement account management.
“Over 60% of investors are looking for expert guidance on their held-away retirement accounts, and we are thrilled to partner with Sanctuary Wealth to empower their advisors to fill that void,” said David Goldman, chief business officer at Pontera. “By enabling Sanctuary Wealth’s advisors to provide more personalized advice, we’re fulfilling our mission to help more Americans reach their retirement goals.”
Currently, the Sanctuary Wealth network includes partner firms in 28 states across the country with approximately $25 billion in assets under advisement.
As volatility has persisted in the markets, Pontera says its platform has become increasingly valuable as it provides advisors with an intuitive interface to compare fees and historical returns, set target allocations, and create alerts for portfolio rebalancing. Pontera also helps advisors alleviate compliance challenges and improve cybersecurity by safeguarding client data. The platform eliminates the need for storing client account credentials, accessing client accounts on custodian websites, or requesting sensitive account documents via email.
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