World Investment Advisors Partners with Pontera
In a significant move aimed at enhancing the financial advisory landscape, World Investment Advisors, LLC has forged a strategic technology partnership with Pontera, a fintech entity that specializes in helping financial advisors manage workplace retirement plans securely. This collaboration is set to revolutionize how advisors at one of the nation’s largest advisory firms operate, allowing them to offer deeper, more holistic financial advice to their clients.
Empowering Advisors with Advanced Tools
The partnership will empower World’s extensive network of over 350 advisors to access Pontera's innovative platform. This tool enables them to manage, trade, and report on clients’ held-away 401(k)s and other retirement accounts seamlessly. This initiative underscores World’s commitment to equipping its advisors with essential resources for providing a comprehensive wealth management experience.
Statement from Leadership
“Teaming with Pontera is emblematic of our dedication to providing our advisors with the tools and flexibility they need to offer clients the most complete wealth management services possible,” remarked Troy Hammond, CEO of World Investment Advisors. He pointed out that in the current financial landscape, it is vital for advisors to manage all assets, including those in workplace plans. Pontera’s secure platform directly addresses this need, greatly enhancing their ability to provide holistic financial advice.
Adapting to Market Changes
The announcement comes at a time when 401(k) plans and other defined contribution plans have become crucial for financial security for many Americans. Recent statistics highlight that such plans held a staggering $12.4 trillion at the close of the last year. With market volatility on the rise, the importance of professional guidance regarding these assets has never been greater. Pontera’s platform enables World advisors to incorporate a client’s workplace retirement plan holdings seamlessly into their personalized portfolios, enhancing overall financial strategies.
Commitment to Technology and Client Relationships
Hammond further explained that as World continues to expand its wealth management capabilities, the firm aims to partner with solutions that promote seamless integration and strengthen client relationships. Pontera’s commitment to collaborating with defined contribution recordkeepers supports this objective and helps enhance the technological offerings available to clients.
Robust Security Measures
Pontera is proud to be certified under SOC 2 Type II and ISO 27001 standards, ensuring that client data remains secure. With this secure layer, advisors can manage their clients' retirement accounts without taking custody or needing access credentials, effectively safeguarding sensitive information. The platform can integrate into existing advisor technology ecosystems, thereby complementing World’s broader wealth management platform strategy, which includes WorldMAP, an open-architecture, multi-custodial investment and portfolio management solution.
Looking to the Future
“World Investment Advisors is a rising force in the wealth management domain. They have consistently been a recognized leader in the retirement plan advisory space, showcasing a clear vision for empowering their advisors,” stated Peter Nolan, SVP and Head of Revenue at Pontera. He emphasized that Americans heavily rely on workplace retirement plans, and as such, they deserve profound professional guidance, particularly in the current market's volatility. The Pontera platform is crucial for enabling World’s advisors to deliver the well-rounded advice clients require, integrating retirement savings into broader financial strategies and helping them build a more secure financial future.
About Pontera
Pontera is a fintech company dedicated to bolstering the retirement outcomes of millions of Americans. It empowers financial advisors to manage, balance, and report on clients’ assets in 401(k)s, 403(b)s, and various other workplace-sponsored accounts. The company’s secure platform integrates seamlessly with advisors’ portfolio management tools, designed to function across multiple account types. Since its inception in 2012, Pontera has been headquartered in New York City.
About World Investment Advisors LLC
World Investment Advisors, LLC, previously known as Pensionmark Financial Group, boasts a robust network of over 630 advisors across more than 100 U.S. locations, catering to countless retirement plan and wealth management clients. Their professionals specialize in areas such as wealth management, defined contributions, defined benefits, terminal funding, not-for-profit concerns, and executive/deferred compensation. For more information, visit World Investment Advisors’ official website.
Frequently Asked Questions
What is the main objective of the partnership between World Investment Advisors and Pontera?
The partnership aims to empower financial advisors with tools to manage workplace retirement accounts more effectively, improving client financial strategies.
How does Pontera ensure the security of client data?
Pontera is certified under SOC 2 Type II and ISO 27001 standards, which helps safeguard client data while allowing advisors to manage retirement accounts securely.
What impact does this partnership have on clients?
Clients can expect more holistic financial advice as their advisors can incorporate workplace retirement accounts into personalized portfolios and financial plans.
Who are the key figures mentioned in the announcement?
Troy Hammond, CEO of World Investment Advisors, and Peter Nolan, SVP, Head of Revenue at Pontera, are the notable figures highlighted in the announcement.
What services does World Investment Advisors provide?
World Investment Advisors offers a range of advisory services that include wealth management and specialized solutions for both retirement plans and executive compensation.
