StoneX Group Partners with Advyzon to Enhance Financial Advisory Technology Solutions
- StoneX Group partners with Advyzon to enhance financial services for over 54,000 clients and 400,000 retail accounts.
- The collaboration integrates Advyzon’s wealthtech platform, improving operational efficiency for financial advisors and broker-dealers.
- Roger Shaffer highlights Advyzon’s technical standards, which will elevate service offerings for StoneX’s clients.
StoneX Group and Advyzon Forge Strategic Partnership to Enhance Financial Advisory Services
In a significant development for the financial services sector, Advyzon, a technology platform specializing in portfolio management for financial advisors, announces a strategic partnership with StoneX Financial Inc., a subsidiary of StoneX Group Inc. This collaboration aims to integrate Advyzon’s extensive wealthtech platform into StoneX’s offerings for introducing broker-dealers and financial advisors. With StoneX serving over 54,000 commercial and institutional clients as well as 400,000 retail accounts worldwide, the partnership is set to bolster the capabilities available to financial professionals, enhancing their service delivery and operational efficiency.
The partnership brings together Advyzon’s advanced features, including portfolio management, customizable performance reporting, trading, rebalancing, and a suite of digital tools such as web portals and mobile applications. This integration not only modernizes the services offered to clients but also addresses the growing demand for technological solutions in the financial advisory space. Moreover, clients will benefit from access to services provided by Advyzon Investment Management (AIM), which includes investment solutions and a model marketplace called Nucleus. This aligns with the industry’s shift towards more integrated and technology-driven solutions that enable financial advisors to better manage client portfolios and enhance their advisory capabilities.
Roger Shaffer, Managing Director of Correspondent Clearing at StoneX, expresses optimism regarding the partnership, noting Advyzon’s high technical standards as a catalyst for elevating the service offerings provided to financial institutions. Similarly, Dave Goes, President of Enterprise Solutions at Advyzon, underscores the successful collaboration, emphasizing its potential to significantly improve the service landscape for StoneX’s clients. This partnership coincides with the one-year anniversary of Advyzon Enterprise’s launch, which seeks to expand its influence across various financial sectors, including aggregators and broker-dealers. It reflects both companies' dedication to delivering exceptional technology and support, ensuring their clients remain competitive in an evolving financial market.
In addition to enhancing service offerings, this partnership represents a broader trend of financial institutions seeking to integrate advanced technology into their operations. As the financial sector faces increasing pressure to adapt to digital transformation, collaborations like this signify a strategic move towards ensuring that financial advisors are equipped with the tools necessary for success.
Overall, the partnership between Advyzon and StoneX Group exemplifies the ongoing evolution within the wealth management industry, showcasing a commitment to innovation and excellence in client service. As both companies move forward together, they aim to set new standards for technology integration in financial advisory practices, ultimately benefiting their clients and the broader financial ecosystem.