inStream Solutions Enhances Wealth Management Platform with Expanded Capabilities

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Innovative Wealth Management Platform Introduces Advanced Functionality and Announces Transition to a Subscription Fee-Based Model

Advisors have consistently told us that inStream is an integral part of their wealth management offering and that they find real value in the planning, alert, data integration, and other practice management aspects of inStream’s offering.

inStream Solutions announced today the addition of new and innovative features and functionality to its wealth management platform. The opportunity to deliver this functionality has also resulted in an adjustment to inStream’s business model to support the cost of this enhanced offering.

“Advisors have consistently told us that inStream is an integral part of their wealth management offering and that they find real value in the planning, alert, data integration, and other practice management aspects of inStream’s offering,” said Alex Murguia, Founder and CEO of inStream Solutions. “They encouraged us to enhance and expand our platform to make it an even more powerful tool.”

The key new features and enhancements to the inStream platform include:

  •     Innovative planning tools, including an industry first “Safe Savings Rate” planning function designed by well-known retirement income planning academic Wade Pfau, PhD
  •     Mind mapping tools to facilitate a more interactive, collaborative client dialogue
  •     Automated proactive alerts to provide advisors with daily notification of client financial developments
  •     Clear and concise custom planning reports
  •     Integrations with leading industry technology platforms (i.e. CRM) and data sources (i.e. custodians)

In the coming months, inStream will also be releasing a complete document management solution, account aggregation, and integrated investment analytics.

“From my perspective, the value proposition for advisers is evolving beyond investment advice to the coordination of a full financial lifecycle of decisions, from daily monitoring of a client’s long term goals and objectives to refinancing a client’s mortgage,” said Murguia. “Advisers will need to embrace a more holistic approach to wealth management if they want to compete. Clients expect their advisor to be proactive in their communications, and when doing so, provide timely, relevant, and meaningful observations and advice. Unfortunately, for the majority of advisors, the current set of available wealth management tools is not focused on helping advisors to practice in this way.”

inStream’s end-to-end, financial planning and practice management platform provides advisors with an integrated, alert driven technology for developing, monitoring, and implementing wealth management solutions for client needs. By incorporating dynamic and innovative financial planning modules with fully automated tracking calculators and an online third party financial services marketplace, advisors using inStream are able to proactively identify opportunities and solutions that meet their immediate client needs. Additionally, through “crowd-sourcing” of best practices, inStream allows advisors to benefit from their peers’ knowledge, experience, and advice across all aspects of their practice.

“In just a short period of time, inStream has become mission critical to us,” said Kevin Schillo of Whitley Penn Financial, LLP, a Fort Worth, Texas-based Registered Investment Advisor (RIA). “inStream will be the key leverage point for us to take our firm to the next level.”

inStream has experienced strong growth since inception and now has over 2,000 users on the platform.

“The recent enhancements and additions we are making are just the beginning,” Murguia said. “We are very appreciative of the fact that inStream has been well – received and recognized as a game changer in the wealth management industry. We look forward to further developing the platform with key capabilities that advisors need to enhance their practice.”

About inStream Solutions

inStream is a comprehensive wealth management platform that is quickly revolutionizing the way wealth managers deliver advice to their clients. inStream’s platform drives a material increase in the currency, frequency and relevance of the advisor’s client communication through customized, daily-updated financial plans for each client, sophisticated analytics that run nightly on the plans of all clients, daily alerts to focus the wealth manager on the individual needs of each of their clients, a unified marketplace to provide the wealth manager with tailored solutions to meet the individual client needs and a virtual practice management forum providing access to industry-wide benchmarking data and practice-related communications with other wealth managers. inStream’s integration with major sources of client data as well as best in class complementary platforms positions it to be the sole intelligent interface for wealth managers.

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