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FolioDynamix Announces Collaborative Partnership with PIEtech Enhancing Comprehensive DOL Solution

MoneyGuidePro becomes a key best-of-breed partner in the FolioDynamix “Fiborg Constellation” 

FolioDynamix, a leading provider of wealth management technology and advisory services, today announced a collaborative integration with PIEtech, the creator of MoneyGuidePro, the award-winning financial planning solution. MoneyGuidePro will become a key component of the “Fiborg Constellation,” introduced by FolioDynamix to help firms grow, automate key functions, and meet DOL Fiduciary Rule requirements.

FolioDynamix launched the concept of FiborgSM earlier this year in response to the dual conversations in the marketplace about the disruptive impact of robo-advisors on traditional financial advisory business and the increasing regulatory pressure brought by the DOL Fiduciary Rule. Fiborg—a play on cyborgs, technology-enhanced humans—encourages the adoption of technology to enable and empower advisors, automating non-revenue generating activities and providing the tools for an advisor to maximize time spent collaborating with clients. FolioDynamix, which offers an end-to-end wealth management platform as well as a suite of advisory options, is delivering a solution to help advisors and firms manage DOL Fiduciary Rule requirements by leveraging the core platform integrated with several carefully selected best-of-breed partners: the “Fiborg Constellation.” Each partner will be tightly integrated with the core technology to ensure a seamless advisor and investor experience.

“No single provider will be able to deliver a complete DOL solution that also helps advisors grow their business—not just survive—by the deadlines set by the legislation,” said Steve Dunlap, president of FolioDynamix. “At Folio, we had the core building blocks and we went out in the marketplace to choose the very best partners to deliver that end-to-end solution. We believe many financial institutions will increase their usage of financial planning as a way for advisors to comply with the regulations; MoneyGuidePro has created the most robust “Know Your Customer” discovery and evaluation tool in the industry. We are confident that this partnership will deliver a unique combined value proposition.”

MoneyGuidePro® recently introduced Best Interest Scout, a client-facing discovery tool that provides a highly-scalable and efficient method of client discovery. Best Interest Scout gathers the information necessary to understand the client’s full financial circumstances including expectations, concerns, financial goals, resources and risk tolerance. It seamlessly integrates into myMoneyGuide® and MoneyGuidePro®for every creation of a financial plan forming the foundation needed for the delivery of best interest advice.

“FolioDynamix has been building custom wealth management platforms successfully for years,” said Bob Curtis, CEO of PIEtech. “That expertise made this partnership compelling for us, because it enables the financial advisor to seamlessly execute investment recommendations that are developed in the financial planning process. The ability to customize and deliver an end-to-end solution that automates much of the investment process in order to meet each clients’ needs will be increasingly important in our changing environment.”

The MoneyGuidePro/FolioDynamix integration is live now.

PIEtech℠, Inc.’s vision is that everyone needs and deserves a quality financial plan. PIEtech℠ is the creator of MoneyGuidePro®, the industry’s leading financial planning software, myMoneyGuide®, an online guided planning solution that allows firms to broadly offer financial planning, and Best Interest Scout℠, a standalone, scalable discovery solution to help firms of all types obtain necessary client information. 

FolioDynamix is leading the evolution of the wealth management experience, with an end-to-end technology solution paired with a suite of advisory tools including model portfolios, research, and overlay management services. Through our powerful technology platform, advisors can manage the entire client lifecycle from proposal generation to account opening to account management (trading and rebalancing) to reporting, all through a sophisticated but easy-to-use cloud-based solution. FolioDynamix is an Actua company (Nasdaq:ACTA). 

Source: GlobeNewswire