Milemarker Unveils DevTools: Accelerating Wealth Management Solutions

Milemarker Launches Innovative DevTools for Wealth Management

Milemarker has introduced its new DevTools, a powerful command-line toolkit aimed at revolutionizing the way wealth management firms handle analytics and data automation. This groundbreaking solution enables firms to deploy essential metrics, analytics, and insights in mere minutes instead of the traditional weeks-long processes.

Eliminating Bottlenecks

According to Kailash Duraiswami, the CTO of Milemarker, this technology addresses long-standing challenges within wealth management firms, particularly the bottlenecks that develop between engineering, operations, and advisory teams. "With DevTools, we empower engineers and operations professionals to deploy new queries, projections, and metrics directly into production without delay or risk. This level of control allows teams to obtain accurate answers swiftly, maintaining compliance at the same time," he explained.

Key Features of Milemarker DevTools

Milemarker DevTools offers a suite of powerful capabilities that enhance efficiency:

• One-Command Deployments: Users can push queries, metrics, or projections directly from the command line, drastically simplifying the deployment process.
• Instant Metric Creation: Any query can be transformed into a reusable, canonical Key Performance Indicator (KPI), ensuring consistency across all data dashboards.
• Custom Search Index: This feature allows for comprehensive searches across extensive data sets, ensuring that advisors and operations teams can find the information they need swiftly.
• CLI Extensibility: The plugin architecture supports customization, enabling firms to adapt DevTools to their specific workflows.
• Scalability: Designed to grow alongside firms, the toolkit maintains performance even as data volumes increase.

Commitment to Security and Compliance

DevTools prioritizes security and compliance by integrating with enterprise identity systems through Role-Based Access Control (RBAC) and Single Sign-On (SSO). Additionally, it employs parameterized secrets management with Vault and Key Management Services (KMS). The upcoming feature of a full audit trail for CLI actions ensures that firms can move swiftly while still adhering to rigorous governance standards.

Industry Validation

Adoption of DevTools has already garnered positive feedback from industry leaders. Jordan Hutchison, Ph.D., the VP of Technology and Operations at RFG Advisory, remarked on its transformative effect: "This tool has revolutionized our approach to data orchestration and delivery. It allows us to unify our previously siloed systems into a seamless framework, significantly enhancing our operational efficiency and responsiveness to client needs."

Optimal Applications for DevTools

There are several ideal use cases for Milemarker DevTools:

• Wealth-tech platforms aiming for rapid metric iterations.
• Registered Investment Advisors (RIAs) consolidating diverse data sources following mergers or acquisitions.
• Asset management entities deploying performance dashboards for advisors.

Technical Specifications of Milemarker DevTools

The following are key technical specifications of the DevTools:

• Programming Languages: SQL and Python
• Data Warehouses: Primarily Snowflake, supplemented by Postgres
• Query Engine: Integrated with Apache Spark along with native Snowflake computing capabilities
• Supported Platforms: Compatible with MacOS, Windows, and Linux (x86 & ARM)
• Version Control: Encourages Git integration with semantic release tagging

Milemarker DevTools is now available for wealth management firms eager to streamline their analytics and automation processes. For more information or to request access, visit www.milemarker.co.

About Milemarker

Milemarker serves as a comprehensive fintech platform, uniquely designed to unify the disparate technology systems employed by wealth management entities. Tailored for Registered Investment Advisors (RIAs), broker-dealers, Turnkey Asset Management Platforms (TAMPs), and wealth management aggregators, Milemarker effectively abolishes the hidden costs associated with tech fragmentation. By consolidating critical data into a single repository and integrating seamlessly with over 130 industry systems—from Customer Relationship Management (CRM) solutions to custodians and billing software—Milemarker ensures smooth data flows, eliminating manual intervention. All client information is housed in a secure, SOC 2 Type II-certified data warehouse, providing top-tier security and compliance. By synthesizing data from various sources, Milemarker delivers a unified source of truth that allows teams to focus on client service rather than administrative data management.

With headquarters in Charleston, S.C., the company also boasts teams located in several other cities across the U.S., including Denver, Omaha, Atlanta, Cincinnati, and Phoenix.

Frequently Asked Questions

What is Milemarker DevTools?

Milemarker DevTools is a command-line toolkit that enables wealth management firms to deploy analytics and data metrics quickly and efficiently.

Who can benefit from using DevTools?

Wealth management firms, including RIAs, wealth-tech platforms, and asset managers, can significantly benefit from DevTools.

How does Milemarker ensure security and compliance?

DevTools uses RBAC, SSO, Vault/KMS for secret management, and it will soon feature an audit trail of CLI actions to ensure security and compliance.

What capabilities does DevTools offer?

Key capabilities include one-command deployments, instant metric creation, custom search indexing, and scalability with growth.

Where can I access Milemarker DevTools?

Wealth management firms interested in Milemarker DevTools can learn more and request access through the official website at www.milemarker.co.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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