ANN ARBOR–SPS Family, the parent company of broker-dealers Sigma Financial Corp. and Parkland Securities LLC, and registered investment advisor Sigma Planning Corp., announced a partnership with Berwyn, Pa.-based financial technology provider Envestnet to modernize its technology, upgrading from a multi-platform system to a single platform.
Company officials said the partnership will improve efficiency by streamlining workflows and enhancing the overall experience for SPS’ network of 884 advisors.
“Our mission is to help advisors advance their businesses efficiently, and we have long prioritized technology as a driving factor in our growth-oriented solutions set,” said Brandon Rydell, president of SPS Family. “We are excited to partner with Envestnet to further our support of advisors and leverage Envestnet’s centralized platform as another tool for our team.”
SPS Family will convert its legacy portfolio performance program to Envestnet’s billing and reporting tools in addition to launching their full platform capabilities providing one access point for their advisors across multi-custodial platforms on one centralized system.
Michael Ferraro, who leads business development strategy for Envestnet, added: “Our technology is designed to harness the power of innovation and provide advisors with actionable insights and tools to improve their efficiency and the end-client experience. SPS’ philosophy for advisor growth and empowerment aligns with our mission to deliver an Intelligent Financial Life..
Envestnet offers financial advisors and service providers innovative technology, solutions and intelligence to provide financial wellness for advisors and their clients. The provider services nearly 106,000 advisors, including at some of the nation’s largest banks, RIAs, wealth management and brokerage firms.
More at www.sps-family.com and www.envestnet.com.