Advisors resist transitioning their book of business from existing tools, particularly clientsensitive data, such as CRM. Closed architecture custodial solutions provide the advisory side with fully integrated platforms but limit the possibility of mixing and matching tools and strategies from external firms.
Goals and Objectives
Open architecture custodial platforms boast hundreds of software integration partners in CRM, rebalancing, portfolio management, financial planning, and practice management, enabling advisors to pick tools according to their preferences.
Enterprise digital platform, API gateway, Open APIs, Identity and access management, Cloud
Use Case Summary
Open architecture enables advisors to retain current tools while incorporating new technologies for other steps of the investment process.