Toronto-based wealthtech OneVest recently launched its model portfolio marketplace, which features model portfolios with iShares and Vanguard asset allocation ETFs.
Firms using OneVest can choose model portfolios relevant to each investor segment.
OneVest is the portfolio manager of Toronto-based halal investment firm Manzil’s five halal portfolios, and a halal portfolio is available on OneVest’s model marketplace.
OneVest is in discussions to onboard more large fund managers. “Our intentions are to work with some of the larger institutional managers in the space,” said CEO Amar Ahluwalia.
FusionIQ integrates with Interactive Brokers Canada
U.S.-based FusionIQ recently integrated with Montreal-based electronic broker Interactive Brokers Canada Inc. (IBC). It is the digital portfolio management platform’s first custodian integration in Canada.
FusionIQ is integrated with six custodians in the U.S., including Interactive Brokers LLC.
Portfolio managers that use IBC can use FusionIQ’s portfolio management platform, FusionIQ One. The integration will initially unlock hybrid digital advice, one of the platform’s four modules.
The hybrid digital advice module will be most relevant to portfolio managers, as it connects 18 functions across the front, middle and back office, including account opening, advisor dashboards and compliance tracking, said Howard Atkinson, head of business development with FusionIQ Canada in Toronto. The module also offers white-label investor websites, a mobile app for clients and support for multiple languages.
FusionIQ entered the Canadian market last year. Investment Executive previously reported that the company signed a memorandum of understanding with a “large Canadian institution” and a self-directed investment firm. Those deals are still in the works.
Atkinson said he expects one of those integrations to be completed by the end of this year and another to finalize by the first quarter of 2025.
Conquest Planning enables voice commands
Financial planning software company Conquest Planning has updated its artificial intelligence–powered strategic advice manager (SAM) to enable voice queries, the Winnipeg-based firm said in a release on Tuesday.
Financial advisors build financial plans with SAM, and Ask SAM lets advisors ask questions about a plan and search for reports and strategies with voice or text, the release said.
The software company also released SAM Insights, which warns advisors when plans are no longer on track or can be improved, and highlights new opportunities in areas such as estate planning and retirement planning.
Plan projections with SAM Insights can span up to 60 years, enabling plans to be revisited, and a “SAM Score” can rate the plan’s overall health, the release said.
BMO now using CapIntel
BMO Private Wealth now uses the CapIntel platform to create proposals, pitchbooks and reports for clients, the fintech company said in a release in May.
Advisors and investment counsellors can use the platform as a centralized hub for managing client portfolios, conducting market research and generating personalized recommendations, the release said.
Earlier this year, Desjardins began using CapIntel Correlate for client education and to help financial advisors be compliant with client-focused reforms.