With four modules, Digital Advice, Self-Directed, Digital Model Marketplace, and finTAMP, FusionIQ One will provide digital wealth management services to credit unions, banks, RIAs, independent broker-dealers, and asset managers
US-based wealth management solutions provider FusionIQ is expanding into the Canadian market, through its all-in-one digital wealth management platform, FusionIQ One.
The FusionIQ One platform comprises four easy-to-implement modules, Digital Advice, Self-Directed, Digital Model Marketplace, and Turnkey Asset Management Program (finTAMP).
It will help credit unions, banks, RIAs, independent broker-dealers, and asset managers to scale, delivering digital experience to clients and advisors.
FusionIQ said that it has a deep understanding of the unique distinctions of the financial landscape in Canada.
With its FusionIQ One platform, the company is set to transform Canadian wealth management, helping Canadian firms deliver superior digital experiences to advisors and their clients.
FusionIQ chief executive officer Mark Healy said: “Our Canadian expansion marks a new era in our digital wealth journey, as we bring our award-winning platform to Canada.
“Our all-in-one platform will meet the evolving needs of more portfolio managers and investment dealers through four easy-to-activate modules, Digital Advice, Self-Directed Investing, finTAMP, and Digital Model Marketplace.
“Our knowledge of the Canadian market positions us for sustainable growth, and to capitalize on the incredible opportunities available.”
FusionIQ One platform’s Digital Advice module is a hybrid module, which can be used as a client-driven, rep-assisted, or advisor-led solution.
Its Self-Directed Investing module can open new revenue streams for entities, while the Digital Model Marketplace module can open a new distribution channel for fund managers.
The finTAMP module with advanced portfolio management tools offers a white-label solution to wealth managers, delivering true end-to-end workflows and multi-custodial data feeds.
In addition, the multi-custodian and multilingual structure features of the FusionIQ One platform will conform perfectly with the diverse needs of the Canadian market, said the company.
Furthermore, FusionIQ Canada CFA, business development head Howard Atkinson will lead a dedicated Canadian team to oversee the implementation of FusionIQ One in Canada.
Atkinson said: “We believe that FusionIQ’s innovative platform will transform the way Canadian firms empower the advisor-client relationship.
“The integration of digital workflows and process automation will enable Canadian firms to not only grow but also compete effectively in the global market.
“We are excited about this expansion, a significant milestone for FusionIQ, and a major step for Canadian advisors whose needs have gone unaddressed by other wealthtech firms.”