Bridge Financial Technology (“BridgeFT”), a data-centric wealth management technology platform, today announced it has partnered with VRGL, Inc (“VRGL”), a provider of institutional-grade analytics and automated data extraction to the wealth management industry. The partnership will provide an integrated, front-to-back analytics and portfolio management suite that allows wealth management organizations to enhance transparency and deliver a new level of client and prospect interaction and engagement.
BridgeFT’s WealthTech API will power VRGL’s analytics suite, providing a modern, fully automated, API-first connection to aggregated custodial and held-away accounts. Wealth managers can now seamlessly access a complete view of a client’s comprehensive financial picture to drive deeper portfolio analysis. By combining BridgeFT’s API with VRGL’s 5 Pillar analytics, advisors can accelerate data integration and quickly access highly accurate, consolidated client total wealth information, enabling them to spend more time building client relationships and less time collecting data. The partnership empowers wealth management organizations to rapidly scale and increase assets under management, accelerating time-to-revenue by automating PDF or integrated statement extraction. Advisors can also achieve significant operational leverage from multi-custodial account aggregation and proposal management through to client reporting, fee billing and practice insights.
“Our partnership with VRGL is another great example of how BridgeFT is powering the next generation of wealthtech apps,” said Joe Stensland, CEO of BridgeFT. “VRGL offers advisors a truly innovative approach to building their business, and the added connectivity to our WealthTech API will benefit their wealth management clients by enabling direct access to accurate, aggregated, and trade-ready custodial and held-away account data to drive more informed investment decisions.”
“Wealth management organizations have made it clear that they must be able to differentiate their offerings through technological and analytical capabilities to fuel growth,” said Josh Smith, Co-founder and Chief Executive Officer for VRGL. “VRGL was created to bring unmatched innovation and automation to traditionally archaic and manual processes and give advisors a measurable competitive advantage. With BridgeFT as our ongoing custodial integration partner powering VRGL’s platform through their proprietary WealthTech API solution, our new and existing clients can accelerate revenue, benefit from best-in-class support and quickly reap the full power of VRGL’s 5 Pillar analytics suite.”
Mutual VRGL and BridgeFT clients will now be able to:
Bridge the entire prospect to client lifecycle and ongoing support
Seamlessly recreate a prospective client’s investment history, solely from brokerage and custodial statements
Provide institutional-grade analytics, including performance, risk, diversification, taxes and fees
Support ongoing clients with the 5 Pillars and portfolio management capabilities at a reduced cost to current legacy providers
Provide industry-leading portfolio management, fee billing, client reporting, practice insights and a fully branded client portal
Integrate current clients into an industry-leading analytics suite through BridgeFT’s WealthTech API and VRGL
Source: Company Press Release
