Investment advisory firm now overseeing more than $300 million in outside assets selects Pontera to deliver comprehensive 401(k) management
Pontera, the fintech company helping retirement savers receive professional 401(k) management from their trusted financial advisor, announced its partnership with Savant Wealth Management (“Savant”), an independent, fee-only registered investment advisor (RIA) providing services to individuals, families, and businesses across 13 states. This partnership is a milestone within Savant’s five-year growth plan through investments in technology, acquisitions, and other strategic initiatives with the support of Kelso & Company. Using Pontera, Savant’s affiliated advisors will enrich the experience for a growing client base while overseeing the full scope of their wealth, including more than $300 million in outside assets.
“Pontera empowers our advisors to deepen client peace of mind by facilitating the application of Savant’s evidence-based strategies across all retirement plan assets,” said Savant CEO Brent Brodeski. “The Pontera platform brings to bear significant operational improvements in analyzing and rebalancing held-away accounts, paving the way for investment teams to grow this essential service and cater to more clients.”
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Prior to Pontera, Savant had taken great care to build and scale outside asset management as part of its comprehensive offering. This operation required extensive investments in security and compliance practices, as well as increasing client coordination while rebalancing accounts. Once Pontera announced an integration with Savant’s portfolio management platform, Envestnet | Tamarac, the pieces fell into place for a more streamlined, scalable solution.
“We are pleased to assist Savant as they deliver their signature Wise Counsel to more families with employer-sponsored retirement accounts,” said Peter Nolan, Vice-President, Enterprise at Pontera. “Through this partnership, we aim to not only support Savant’s impressive operational scale, but also bridge more individuals to the company’s top-tier products and services.”
Using Pontera, Savant investment managers can efficiently and proactively apply investment strategies to clients’ plan retirement accounts and run performance reporting in Envestnet | Tamarac. Pontera’s capabilities include: plan account analysis, historical fund performance tracking, account rebalancing, automatic supervision documentation, and target allocation drift alerts. The platform is client-permissioned and maintains SOC 2 Type II and ISO 27001 certifications, ensuring client privacy and data security.
This announcement comes on the heels of Savant’s acquisition of seven firms this year, including Basil Financial Group, Paragon Financial Advisors, and Raymond F. Book’s tax and RIA businesses. Founded in 1986, Savant has a deep bench of in-house estate planning, taxation, and accounting specialists. The firm now spans 35 offices and oversees $20.3 billion in assets under management
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