Sound Income Strategies Expands with intelliflo Cloud Solutions
Sound Income Strategies has made a significant transition by moving to the cloud-based version of intelliflo redblack. This shift is helping the company to achieve impressive growth in assets under management (AUM), which has doubled from $1.6 billion to $3.2 billion over just a few years.
Enhancing Trading Capabilities
With the adoption of intelliflo redblack, Sound Income Strategies is now better equipped to manage its increasing demands for rebalancing and trading. This cloud solution enables the firm to handle trades and rebalancing with remarkable efficiency, offering considerable advantages compared to traditional methods.
Significant Growth and Migration
The transition to intelliflo redblack's cloud solution wasn't merely a necessary update; it marked a crucial turning point for Sound Income Strategies as they continue to expand their operations. Faced with growing trading volumes, the firm acknowledged the need for a platform that could match their rapid growth.
“intelliflo has been an essential partner over the years, equipping us with modern technology along with outstanding support,” noted Rana Chander, COO and CTO at Sound Income Strategies. “The efficiency improvements we’ve seen are remarkable. Tasks that used to take days can now wrap up in just 15 minutes, drastically enhancing our workflow.”
Customer-Centric Innovations
In the past year, intelliflo redblack has rolled out more than 70 improvements based on user feedback, highlighting the platform's commitment to continuous enhancement and innovation. These updates, which include a new compliance rules engine, are revolutionizing the way investment managers work, enabling even smaller RIAs to utilize institutional-grade tools.
The Future of Advisory Solutions
Jennifer Valdez, President of Americas at intelliflo, emphasized the company's mission by stating, “We are committed to empowering advisors with the technology needed to improve operational efficiencies while increasing access to financial advice.” Her comments resonate with the situation at Sound Income Strategies, which is embracing modern solutions to solidify its growth path.
About Sound Income Strategies and intelliflo
Sound Income Strategies is part of the broader Sound Income Group, which combines marketing, coaching, and investment services across its three firms. The company caters to a diverse client base, assisting them in establishing reliable income streams through innovative strategies. With over $3 billion in AUM, they enhance their financial advisory methods by leveraging cutting-edge tools and techniques.
On the other hand, intelliflo offers essential technology support for financial advisors. Their solutions cater to over 30,000 financial advisors, managing assets for more than three million investors globally. Renowned for simplifying technology, intelliflo is recognized for benefiting advisory practices significantly.
Frequently Asked Questions
What prompted Sound Income Strategies to move to the cloud?
The primary reason for the cloud migration was to manage their rising trading volume and rebalancing needs more effectively as their AUM increased significantly.
How has the migration to intelliflo redblack impacted operations?
This migration has improved operational efficiency remarkably, making it possible to complete tasks that previously took hours or days in around 15 minutes, thus significantly streamlining workflows.
What innovations have been introduced to intelliflo redblack?
In the last year, over 70 enhancements have been added, including a compliance rules engine, all aimed at enhancing user experience and addressing customer needs.
What does Sound Income Group offer its clients?
Sound Income Group offers a range of services, including marketing, coaching, practice management, investment services, and access to a national network of Income Specialists, all intended to create consistent income streams for clients.
What does intelliflo aim to achieve through its services?
intelliflo aims to broaden access to financial advice, empowering advisors with advanced technology to enhance their operational efficiency and serve their clients more effectively.
