San Jose, CA (PRWEB) July 29, 2016
Dually-registered and hybrid Advisors have a single sign-on solution for both their brokerage and fee-based Advisories thanks to a recently formed partnership between CONCERT Global Group Ltd. and International Assets Advisory LLC.
Through this partnership, International Assets Advisory (IAA), which oversees over $1 billion in assets, will use CONCERT Global Advisor Services as their back office and technology platform for their Advisors. In turn, IAA provides CONCERT Advisors access to a RIA friendly broker-dealer that offers securities brokerage, access to institutional-quality alternative investments, investment banking, insurance and trust services, and a continuity-in-technology platform.
The CONCERT/IAA partnership also provides clarity and convenience for Advisors and others who may have a challenging time navigating the blurred regulatory and oversight lines for Registered Investment Advisors and for Registered Representatives. Leveraging the strengths of both CONCERT and IAA through a single sign-on, Advisors will be able to service all their clients (fee-based and Advisory) without having to go through different companies and different technology platforms that don’t "talk" to each other.
"This is a pretty huge industry breakthrough for dually registered RIAs and Registered Representatives," said Keith Gregg, Chief Strategy Officer for IAA. "Regardless of what type of business you are working in, you will now be able to use the same integrated technology platform with a single sign-on."
The single sign-on will help eliminate redundancies and reduce expenses as well, and Advisors and Representatives will pay just one fee to one company, he added.
"This is significant given the increasing regulations and oversights on RIAs and Registered Representatives," said Ed Cofrancesco, president of IAA. "It's going to be a huge challenge for Advisors to meet all the current and pending regulations. Without using an integrated platform like this, that's going to be one tall order."
"This partnership is a trifecta win for the Advisor, for IAA and for CONCERT, and a real testament to the value that CONCERT Wealth Management brings to better unify all constituents with products, services and support for the end client," Gregg added.
CONCERT Global is an Advisor Technology and back office services company providing a comprehensive suite of services to independent Advisors (IARs), Registered Investment Advisors (RIAs) and Broker/Dealers (B/Ds). Our fully integrated platform of technology solutions, technology services and administrative support offers increased efficiency and scale allowing our Advisors to focus on clients instead of the back office. CONCERT Wealth Management, Inc., its registered investment advisor affiliate, provides additional efficiency to advisors throughout the country by leveraging strong industry relationships, back office and compliance services. The firm's Capital Management division also provides investing solutions to help advisors better serve their existing clients while cultivating practice growth.
International Assets Advisory is an independent and privately owned wealth management firm offering full service securities brokerage and investment advisory with the world’s largest clearing and custodial relationships. Our capabilities and platform supports sophisticated offerings in Capital Markets, Investment Banking, access to institutional quality alternative investments, as well as traditional investments and advisory wealth management solutions.