Digital advice services will now complement American Century’s robust investment offerings of mutual funds, ETFs, advisor-led portfolios and other investment solutions
Marstone, Inc., a leading digital wealth technology firm, announced a commercial relationship with American Century Investments, the $230 billion* global asset manager, providing clients with Marstone’s digital wealth management platform. This relationship marks the start of a new, digital-first business line for American Century, opening up its portfolios to a broader client base due to lower initial investment amounts, and providing Marstone’s digital advice services via its trusted client portal. As end clients’ investment needs change and new clients seek out advanced digital wealth solutions from their chosen financial partners, Marstone provides a modern, unified customer experience that enables clients to open and manage their unique digital advice accounts. Together, Marstone and American Century are striving to provide a futureproof investment platform for the next generation of investors.
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“For nearly a decade, Marstone has been one of the only fintech platforms focused on the enterprise market, and in that time, we’ve come to deeply understand the importance of offering seamlessly scalable and accessible digital wealth products for a wide range of clients,” said Margaret J. Hartigan, CEO, Marstone. “American Century’s existing investment offerings are a perfect fit with our platform, and we look forward to delivering an expanded digital experience with rapid time-to-market.”
Marstone’s digital wealth management approach will arm American Century with a variety of key features, including:
- Fully customizable investor assessment and risk tolerance questionnaire;
- Client onboarding;
- Personalized client dashboard;
- Money movement capabilities including initial funding, one-time and recurring contributions and withdrawals;
- Trading & rebalancing services pertaining to the user’s digital advice accounts;
- Goals-based planning functionality.
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With eight offices globally, American Century has strived to provide best-in-class investment management services to clients for over 60 years.
“American Century Investments puts our clients’ needs first and is dedicated to helping clients achieve financial success. We believe digital advice will help us gain a better understanding of clients’ ever-evolving situations and expectations,” said Wayne Park, senior vice president of Personal Financial Solutions. “Working with Marstone allows us to continue to evolve and grow with our clients, adding a strong digital advice tool as our relationship expands in the coming years.”
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