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SOURCE Placemark Investments
DALLAS, Oct. 21, 2013 /PRNewswire/ -- Placemark Investments announced today that they are launching a new integration with AdvisoryWorld Financial Technology. Financial advisors will now be able to build portfolio solutions using AdvisoryWorld research and analytics. Placemark's first customer offering this integration to their advisors will be Visionary Asset Management.
As the provider of the most flexible UMA platform, UMA Marketplace, Placemark recognizes the need for both a seamless and efficient process that allows financial advisors to effectively manage their businesses. With many investment vehicle options available to implement into a client's account, analyzing, illustrating and managing an account can be a time-consuming process. The integration will help advisors create a coherent process for managing the client's account.
"Placemark's platform makes it easier and more efficient for advisors to build solutions for their clients," stated Lee Chertavian, Chairman and CEO of Placemark Investments. "In addition, the integration with AdvisoryWorld Financial Technology will provide advisors with more transparency and enable more comprehensive advice to clients."
Drew Miller, CFP® and President of Visionary Asset Management also stated, "We are excited to offer this service to our advisors as we know it will help with meeting their client's needs and streamlining their workday."
Within Placemark's UMA Marketplace platform, an advisor can directly access hypothetical illustrations and detailed analytics from AdvisoryWorld. For advanced and custom analytical reports, advisors can also access client portfolios from UMA Marketplace on AdvisoryWorld's platform. UMA Marketplace has over 500 SMA managers offering more than 1,800 strategies.
About Placemark Investments
Placemark Investments, which manages more than $12 billion in assets, develops wealth management solutions including Unified Managed Account programs and other portfolio management outsourcing solutions, enabling Registered Investment Advisors to scale their business and focus on growth objectives. Placemark's UMA Marketplace platform is the most flexible UMA solution available to RIAs, providing advisors a scalable way to create custom solutions for their clients utilizing any combination of mutual funds, ETFs, and managed account strategies. UMA Marketplace offers a full suite of services and is integrated with leading custodial platforms, performance reporting vendors, and research providers to the wealth management industry.
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