Third-party vendors vouch for TD Ameritrade's API at first general session
The days of batch downloads may be numbered
A week after he became chairman of Eric Clarke's board, Charles Goldman is heading the search to replace Clarke as Orion CEO-- at Eric's direction
Eric Clarke founded Orion in 1999 and built it to a $3.6 trillion AUA juggernaut, but he believes both he and the company are ready for a big change
May 22, 2023 at 5:13 PM
Envestnet nabs Dani Fava to cross-pollinate semi-autonomous units and reap 'financial wellness' as the end product
The Chicago outsourcer has a massive, partially disconnected arsenal of products that CEO Bill Crager is rationalizing into 'wellness' with yet another new unit.
July 23, 2020 at 1:42 AM
Cetera hiring Mike Durbin as CEO -- overseeing its existing 'CEO' -- completes Genstar's stellar HR week after it put Charles Goldman atop Orion's board -- with 'exponential' growth in mind for the 'middle market' companies
The Los Angeles broker-dealer nabbed the Fidelity legend to take its $118-billion AUM and 8,000 advisors higher, just as Orion -- also majority owned by Genstar -- makes a similar move.
May 18, 2023 at 1:46 AM
Apex nabs Jon Patullo from 'Schwabitrade' to 'raise the bar' and make his new firm's RIA system as 'frictionless' as the old one
The loved and admired TD Ameritrade software chief will bring his playbook -- and possibly Schwab's -- to Apex, which continues to try putting a winning front-end on its old Penson backend, a source says
October 11, 2022 at 12:40 AM
See more related moves
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Financial Planning Software
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I have to concur with the vendor sentiments above.
We are still in the testing phase, but so far we believe that the API that’s been released could be a real game-changer for the hundreds of independent advisors that custody assets with TDAI & use Morningstar Office.
Importing and reconciling client data is a pretty simple task with Morningstar Office—because we have comprehensive security and index data included—but having real-time access to client data could dramatically improve a firm’s ability to focus on clients, instead of the back-office.
The ability to log into Morningstar Office and have instant access to clients accounts at TDAI, plus all of Morningstar’s research, data and reports—like the Portfolio Snapshot Report and the Client Return Summary, etc should be a huge win for advisors.
Morningstar Advisor Solutions
<a href="http://goo.gl/W6ChB" rel="nofollow">Morningstar Office</a>
I share the same sentiment of Jeff Geygan. Real-time data access looks great on a feature list, but for the <a href="http://www.behaviorgap.com/secret-society-of-real-financial-planners/" rel="nofollow">secret society of REAL financial planners</a> it’s just not necessary. Clients benefit the most from life-long engagements with advisors who align financial strategies with client goals. Access to intra-day pricing does little to advance that type of relationship.
Advisors seek strong and clean integrations between software programs they feel best server their clients. That’s echoed in the desire to reduce manual entry, particularly for the same pieces of information.
If TD AMERITRADE Institutional already has a client’s name, address, phone number, account numbers, and beneficiary designations, then just get all of it via the proposed API and populate CRM, FP software, and portfolio management software with it. There should be no need to manually enter this data into 3rd party applications.
Lastly, I wouldn’t compare Veo’s API to the Apple App Store. The API is much like the <a href="http://developer.apple.com/devcenter/ios/index.action" rel="nofollow">SDK Apple provides</a> to 3rd party developers. The SDK standardizes all the function calls apps make to retrieve and process data, much like what vendors like Orion and MoneyGuidePro will do with data stored in Veo.
So Orion and MoneyGuidePro are the developers working directly with the API, and their products and services represent the “apps” available to make advisors’ lives easier.
Bill @ <a href="http://fppad.com" rel="nofollow">FPPad.com</a>
For the advisors looking for the comprehensive technology package that is already built and working, at a price that can’t be beat, in addition to the choice of custodians (Fidelity, TDAmeritrade and Schwab) and exceptional services solutions, take a look at DynamicWealthAdvisors.com and give them a call.