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Orion and Jemstep form first big marriage of non-robo and robo software -- at advisor behest -- to create RIA e-commerce

The Nebraska-based conventional provider and the Silicon Valley whiz-bang, with Salesforce and TD Ameritrade as common bonds, found it easy to partner with each other

Author Brooke Southall April 22, 2015 at 1:40 PM
Admin:
no description available
Eric Clarke [far l.] listens raptly as Simon Roy [far r.] touts Jemstep, then inks a deal with him over cocktails. Also pictured: Trizic founder Brad Matthews and Upside user, 'Downtown' Josh Brown

Frederick Van Den Abbeel / Trade-PMR, Inc.

Frederick Van Den Abbeel / Trade-PMR, Inc.

April 22, 2015 — 4:01 PM

It is wonderful to see technology being developed to aid in the typical workflow to help create scale and efficiency within an RIA firm. Paperless straight-through work flow however shouldn’t be a new concept for RIAs. I cite only as an example, TradePMR released a paperless account opening system back on February 16th, 2010.

http://www.tradepmr.com/Views/AboutOurCompany/PressReleases/PaperlessAccountSetup.aspx

Any custodian provider should be working tirelessly on their own systems to help their RIAs gain the scale they need to grow and remain profitable. If they are so late to the game, makes one wonder why the delay given the fact this technology has been available for quite some time now.


Related Moves

A canary in the coal mine, Amy Richardson left Charles Schwab & Co. for an RIA -- before the 2,000 layoffs -- now a robust job market is saving the Schwab diaspora, she says

The former Schwab director wants former colleagues to know life exists after Schwab and good job opportunities are plentiful in the financial services sector.

December 20, 2023 at 1:52 AM

Orion rescinds RTO order after its staff rebels by hijacking company email list, distributing petition and tipping off RIA media

CEO Natalie Wolfsen suffers first setback and rescinds a return-to-office (RTO) policy after week of protest to work on a more collaborative agreement on a post-COVID new normal

November 23, 2023 at 12:20 AM

Schwab 2,000-layoff aftershocks roil the industry as it's revealed top tech talent -- led by widely regarded veteran Kartik Srinivasan -- were axed, raising questions about future of Schwab innovation

Behind every layoff a human story as pink slip to an 'unbelievable talent' epitomizes company's determination to cut $500 million in expenses.

November 3, 2023 at 3:49 AM

Charles Schwab Corp. discloses imminent, sweeping 'TD Ameritrade' layoffs, indirectly revealed in new SEC filing that reports it will expense severance mostly in 2023 to gain 'incremental' $500 million synergy in 2024 and beyond

The Westlake, Texas, firm had not previously disclosed the cost of terminations -- people and offices -- or that so many of the farewells will happen by Dec. 30

August 22, 2023 at 12:46 AM

See more related moves

Mentioned in this article:

TD Ameritrade
Asset Custodian
Top Executive: Tom Nally

SalesForce
CRM Software
Top Executive: Marc Benioff

Upside
TAMP
Top Executive: Tom Kimberly



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