Future Capital and Axos Clearing Team Up for 401(k) Solutions
Future Capital, a forward-thinking registered investment advisor known for its personalized retirement solutions, is pioneering new pathways in the financial advisory industry by collaborating with Axos Clearing, a key player in financial services. This strategic partnership aims to empower financial advisors to manage their clients' workplace retirement accounts more efficiently.
Integrating Advanced Technology for Seamless Management
This collaboration marks a significant integration of Future Capital's sophisticated Core and Construct platforms into Axos Professional Workstation. This system is a vital element of Axos Complete, which is designed to simplify financial operations and enhance advisory services. With this integration, financial advisors can now easily incorporate held-away retirement assets into their comprehensive strategies, ultimately providing a more efficient service to their clients.
Empowering Financial Advisors
With Future Capital’s Core platform, financial advisors are provided with a unique opportunity to introduce their clients to discretionary management services specifically tailored for held-away retirement assets. On the other hand, the Construct platform enables advisors to exercise full discretionary authority over their clients' retirement accounts, facilitating customized portfolio creations and flexible fee arrangements. This expanded capability has the potential to significantly increase the assets under management for financial advisors.
The Significance of the Integration
As financial professionals know, managing held-away retirement assets has often been a complex challenge that impacts the quality of wealth management services offered. According to Mike Row, Chief Revenue Officer of Future Capital, this partnership will directly address this gap, allowing advisors to actively manage retirement assets alongside other investments. This enhances their ability to provide holistic financial advice while simultaneously creating new revenue opportunities for their practices.
Client Perspectives on Enhanced Offerings
David Crow, EVP and Head of Axos Clearing, underscores the integration's significance by noting that it expands the capacity of wealth management firms to incorporate retirement assets into broader financial strategies. This partnership reinforces Axos Clearing’s status as a trusted partner, offering innovative resources, seamless integrations, and robust support to better serve clients. This holistic approach is critical in today’s financial landscape.
Key Features for Client Firms
The integration offers a variety of features designed for Axos Clearing client firms:
- Management of held-away 401(k) assets through the Construct platform.
- Creation of tailored allocations with full portfolio customization.
- Flexibility in establishing fee structures.
- Introduction of held-away accounts for management to Future Capital via the Core platform.
- Identification of rollover opportunities.
- Access to comprehensive household financial data.
For those interested in more information about Future Capital’s diverse offerings, they can learn more about Core, Construct, or other services through the official website.
About Axos Clearing
Axos Financial, Inc. stands as a strong entity with approximately $23.7 billion in consolidated assets. It serves as the parent company for various financial services including Axos Bank, Axos Clearing LLC, and Axos Invest, Inc. Its integrated approach aids in delivering cost-effective consumer and business banking products nationwide, powered by a robust operational structure.
About Future Capital
Having amassed two decades of retirement technology experience, Future Capital has been at the forefront of innovation in the wealth management sector. Their focus on developing digital solutions and managed account services highlights their commitment to transforming retirement planning for advisors and participants alike. Future Capital’s mission is to empower financial institutions to provide personalized guidance, thus enhancing decision-making capabilities for individuals.
Frequently Asked Questions
What is the main purpose of the Future Capital and Axos Clearing partnership?
The partnership aims to allow financial advisors to manage their clients' workplace retirement accounts more efficiently, integrating advanced technology for better client services.
What are the benefits of the Core and Construct platforms?
The Core platform helps introduce discretionary management services, while Construct allows full discretionary control over retirement accounts, enabling tailored portfolio creation.
How does this integration enhance financial advisory services?
It allows advisors to manage retirement assets alongside other investments, providing a more comprehensive approach to wealth management.
What are the key features available to client firms after the integration?
Key features include managing held-away 401(k) assets, custom allocation building, fee structure determination, rollover opportunity identification, and access to detailed financial data.
What does Future Capital bring to the financial advisory sector?
Future Capital brings extensive experience and innovative technology solutions aimed at transforming retirement planning and enhancing the ability of advisors to deliver personalized services.
