âWith most 529 plans being one of the key assets not typically supported by the brokerage platform, we are excited about this addition to our off-platform account opening capabilities,â David Fetter, CEO, Quadron Data Solutions, said. âOur account opening solutions, currently in use by over 200 broker/dealers and 20,000 users, are one of the few technologies that can provide cost-saving efficiencies for compliance and operations while simultaneously improving the advisor and customer experience.â
AccountQ, along with the entire Q-Suiteâ¢ of solutions, is built on DataProâ¢, Quadronâs own data warehousing technology. DataPro compiles all data into one central warehouse, eliminating data loss when information is passed through multiple systems as is the case with other account opening solutions. As a result, seamless integration not only with the brokerage platform, but also with books-and-records, CRM, banking, and other systems is now viable for broker/dealers of almost any size and business model.
âOur financial advisors can more easily and efficiently service the needs of our investors,â Roy Mattes, COO, Suntrust Investment Services, said. âNot only have our advisors experienced greater efficiencies but the role-based entitlements and audit trail creation facilitates greater surveillance with less effort. We have made notable improvements in our daily operation and user satisfaction.â