Enables turnkey accounting services for broker-dealers and TAMPs
BetaNXT, the next wave in wealth management technology and outsourcing solutions, has partnered with Envision Financial Systems, a leading provider of real-time investor recordkeeping solutions, to deliver an integrated brokerage and mutual fund subaccounting solution. Under the terms of the agreement, BetaNXT will offer Envision’s brokerage platform and mutual fund capabilities to customers under a single relationship and support structure.
“We teamed up with Envision because they offer a real-time, easy-to-update solution that provides the complexity and flexibility our customers require in this dynamic market environment.”
“In listening to our customers’ feedback, we knew there were improvements we could make to our mutual fund accounting capabilities to deliver a better experience. The agreement with Envision enables us to deliver a full turnkey solution and better meet customers’ needs,” said Tim Rutka, President of BETA. “We teamed up with Envision because they offer a real-time, easy-to-update solution that provides the complexity and flexibility our customers require in this dynamic market environment.”
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BetaNXT’s partnership with Envision arose out of customers’ requests to implement third-party mutual fund subaccounting in a unique way that could not be satisfied with the alternative systems available. Envision was able to meet the need for a hybrid service model within previously established timelines. The BetaNXT-Envision partnership launched with AssetMark and has since been made available to other BetaNXT clients.
“The innovation delivered by the union of BetaNXT-Envision enables us to not only scale our business, but also deliver cutting-edge solutions and meaningful results to our financial advisors and their clients,” said Gaurav Auditya, Senior Vice President and Chief Operating Officer at AssetMark Trust.
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“We are honored to team with the leading brokerage platform to create a unique and highly efficient solution for their customers,” said Brian Jones, Executive Vice President of Envision. “We look forward to deepening our partnership with BetaNXT to provide fulsome customer solutions, and to help more brokerage firms and mutual fund companies streamline their subaccounting technology and services.”
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