Mako Fintech Partners with Fidelity Clearing Canada
Mako Fintech, a prominent player in wealth technology, has successfully launched its digital onboarding platform on the Fidelity Clearing Canada (FCC) platform. This innovative step aims to facilitate a seamless integration that enables wealth management firms to take charge of their digital journeys.
Enhancing Client Experiences and Streamlining Processes
The collaboration between Mako and FCC is designed to significantly upgrade the onboarding experience for clients involved with wealth firms. By harnessing Mako's Software as a Service (SaaS) capabilities alongside FCC's advanced custody and clearing functionalities, advisors can streamline account opening processes while enriching their client interactions.
Focus on Personal Service and Efficiency
This partnership allows financial advisors and portfolio managers to concentrate on their primary mission: offering superior client advice and effectively growing their clients' wealth. The integration ensures that they can deliver an exceptional onboarding experience whether the interaction is conducted in person or through digital interfaces.
Leaders Emphasizing Innovation
Joel Bernard, Head of Sales at Fidelity Clearing Canada, remarked on the importance of this collaboration, stating, "This partnership underlines FCC's commitment to creating seamless experiences for advisors and portfolio managers as they navigate their digital transformation. By utilizing Fidelity's extensive expertise combined with Mako's low-code platform, we empower our clients by offering advanced technology that simplifies scaling their operations."
Key Features of Mako’s Wealth Management Solution
Mako's integrated solution boasts several pivotal features designed precisely for portfolio managers and financial advisors:
- Low-code technology that enables advisors to easily customize workflows throughout the client lifecycle—from onboarding processes to the management of essential documents and agreements.
- An integrated e-signature function allows clients to complete necessary forms directly within the application, eliminating additional costs typically associated with e-signatures.
- Rapid API integrations that facilitate operations such as custodian account openings, customer relationship management (CRM) syncing, identity verification, and anti-money laundering (AML) compliance, resulting in a quicker onboarding process.
At the core of Mako's offerings is a strong emphasis on creating tailored onboarding experiences, recognizing that each firm necessitates a unique system that caters to its specific regulatory framework and operational needs. Mako’s low-code architecture is not only efficient in implementation but also provides extensive options for customization, ensuring coverage of diverse requirements within the wealth management space.
Flexibility as a Core Principle
Raphael Bouskila, founder and President of Mako Fintech, highlighted the importance of flexibility in their offerings. "Our greatest strength lies in our adaptability. We’ve crafted a powerful, low-code platform that can be tailored to fit any client lifecycle scenario within the wealth or asset management sectors. We take pride in extending our digital onboarding capabilities to clients of Fidelity Clearing Canada."
Integration with Advisors and Initial Partnerships
Mako Fintech is already working with initial advisory firms who are embracing this integration with FCC, including Vesta Wealth Partners and Generation IACP Inc., both headquartered in Canada. This partnership opens the door for future collaborations with more firms that are looking to enhance their operational efficiency through technology.
About Mako Fintech
Founded in 2018, Mako has consistently delivered innovative, cloud-based solutions for client engagement and business process automation in the Canadian wealth management sector. From digital onboarding to client reporting and form automation, Mako has secured its reputation as a 5-Star WealthTech provider and a respected member of PMAC. With a solid base in Montreal, the company is led by a team deeply versed in finance and technology.
About Fidelity Clearing Canada
Fidelity Clearing Canada stands as a leading name in custody and clearing services, offering flexible, scalable solutions to portfolio managers and advisors. Clients trust FCC for their profound understanding of wealth management and their robust service delivery, which empowers advisors to dedicate their focus to helping end investors meet their financial aspirations.
Frequently Asked Questions
What does Mako Fintech's platform offer to wealth firms?
Mako's platform provides a comprehensive digital onboarding solution that enhances client experiences and streamlines processes for financial advisors.
How does the integration with Fidelity Clearing Canada benefit clients?
The integration enables wealth management firms to leverage advanced technology, leading to quicker and more efficient onboarding and management of client accounts.
Who are the initial advisory firms partnering with Mako Fintech?
The first advisory firms to partner with Mako are Vesta Wealth Partners and Generation IACP Inc., both of which aim to enhance their operational efficiencies.
What are the key features of Mako's solution?
Mako's solution includes low-code technology for customization, built-in e-signature capabilities, and instant API integrations with custody services.
Where is Mako Fintech headquartered?
Mako Fintech is headquartered in Montreal, Canada, where it continues to develop innovative solutions for the wealth management industry.
