|By Business Wire||
|July 22, 2014 11:30 AM EDT||
As part of its ongoing work to integrate with leading platforms serving independent registered investment advisors (RIAs), Schwab Intelligent Technologies™ announced today that Morningstar, Inc., a leading provider of independent investment research, will participate in Schwab OpenView GatewayTM, the flexible, open-architecture technology platform, enabling integration between Schwab systems and those of participating technology providers. The integration will make real-time custodial data from Charles Schwab available within Morningstar OfficeSM, a scalable, end-to-end practice and portfolio management platform that facilitates advanced research, performance reporting and secure client communications. This integration can help independent advisors make more informed investing decisions and provide better client service through improved efficiency in their practices.
“Morningstar Office is a popular solution among the advisors we serve, and we currently have more than 1,000 shared clients who could benefit from our new working relationship,” said Neesha Hathi, senior vice president, Advisor Technology Solutions, Schwab Advisor Services. “Working with Morningstar underscores our continued commitment to a flexible, open architecture technology platform for better business outcomes.”
In addition to offering an integrated technology platform for advisors, Morningstar provides a range of solutions for advisors, notably independent investment research, analytic tools, and investment management through its registered investment advisor subsidiaries. Currently, more than 2,000 independent advisors on Schwab’s platform use some facet of Morningstar’s technology and research offerings, highlighting the opportunity for wide scale integration between the companies.
“Our agreement allows Morningstar to deliver more value to independent RIAs,” Tricia Rothschild, head of global advisor solutions for Morningstar, said. “This integration helps make advisors’ practices more efficient by enabling custodial data to flow seamlessly into Morningstar Office.”
The two firms have been working together for some time with Morningstar providing Schwab’s RIA clients with seamless access to data, research, and insights through Morningstar Office and Advisor Workstation.
Continued Service and Technology Enhancements Keep Clients at Center of Advisor’s Business
Schwab also provided updates today on its Client Experience Transformed initiative and portfolio management solutions, both of which drive the delivery of an enhanced, personalized client experience.
- Streamlined, transparent and paperless service experience: After a successful pilot, Schwab announced the phased launch of new electronic approval tools. The new tools allow clients of advisors to easily and securely approve forms and wires on the go, leveraging platforms they already rely on -- Schwab Advisor Center®, Schwab Alliance and Schwab mobile apps. The new tools help advisors drive efficiency and deliver a better experience by streamlining paperwork, speeding up transaction processing, and delivering greater transparency on status.
- Next generation portfolio management: Schwab announced that Project PM2 will be in beta later this year and will be launched in 2015. Project PM2 will provide direct access to custodial data and advisors can create dashboards, reports and presentations rapidly, enabling them to easily uncover insights and share information with clients directly anytime, anywhere through one-step publishing.
"We knew that electronic approvals would be a significant change to how advisors and their clients conduct business, and we were thrilled when we started seeing strong adoption in terms of both transactions and new account creation,” said Hathi. “Undoubtedly, comprehensive training is key to the successful adoption of any new technology.”
Technologies That Work Together and Benefit the RIA and their clients
In addition to the Morningstar announcement, Schwab also provided details on a number of other integration updates for Schwab OpenView Gateway. They include:
- MoneyGuidePro®: The full integration with Gateway has now launched, enabling advisors to link client profile and account information back to MoneyGuidePro’s financial planning software system, saving advisors time on data entry and allowing them to create more precise snapshots of their assets and future investment scenarios within their financial plans.
- Naviplan® by Advicent: Integration with the Naviplan® financial planning tool is now available to independent advisors. This integration will allow advisors to directly transfer client profiles, accounts, holdings, balances and costs to increase the speed and accuracy of creating financial plans by reducing manual data entry.
- Salentica Inc.: Schwab initiated the second phase of integration of Salentica® CRM Advisor Edition with Schwab OpenView Gateway by incorporating Schwab Advisor Center’s move money and cost basis information. This increases data accessibility and enables seamless client service processing from within the Salentica CRM. The offering will be made generally available late July.
- Advisor Rebalancing® by Envestnet | Tamarac: Now in pilot with trade integration, Advisor Rebalancing allows advisors to submit trade files they produce directly to Schwab via Schwab OpenView Gateway, eliminating the export/import process and making it faster and easier. Additionally, Tamarac’s Advisor View™, for portfolio management, and Advisor CRM® are currently integrated and supported as part of Schwab OpenView Gateway.
- Junxure: Following Junxure’s comprehensive desktop integration with Gateway, Junxure and Schwab are moving into pilot with integration of Junxure’s cloud-based CRM solution, Junxure Cloud™.
“The continued evolution of added capabilities and integration with participants further enhances the technology solutions available to advisors, helping to not only improve client service, but to save time and drive efficiency,” said Hathi. “Combined with hands-on consultative guidance from Schwab on how to optimize this technology, advisors can be in a position to serve clients better, now and in the future.”
About Schwab Intelligent Technologies
Schwab Intelligent Integration is a multi-year initiative designed to increase integration between disparate systems and workflows in advisors’ offices. Schwab OpenView MarketSquare™, Schwab OpenView Gateway™ and the Schwab OpenView Workflow Library™ are products of Schwab Intelligent Technologies™. Participating providers in Schwab OpenView Gateway are Junxure, Microsoft, Salentica, salesforce.com, Tamarac, Advicent, MoneyGuidePro and Morningstar. More information about Schwab Intelligent Integration is available at www.schwabintelligenttechnologies.com.
About Charles Schwab
At Charles Schwab we believe in the power of investing to help individuals create a better tomorrow. We have a history of challenging the status quo in our industry, innovating in ways that benefit investors and the advisors and employers who serve them, and championing our clients’ goals with passion and integrity.
Through its operating subsidiaries, The Charles Schwab Corporation (NYSE: SCHW) provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, www.sipc.org), and affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; compliance and trade monitoring solutions; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through Schwab Advisor Services. Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides banking and lending services and products. More information is available at www.schwab.com and www.aboutschwab.com.
Schwab Advisor Services™ includes the custody, trading, and support services of Charles Schwab & Co., Inc. ("CS&Co"), and the technology products and services of Schwab Intelligent Technologies (SIT) and Schwab Performance Technologies (SPT). SIT, SPT, and CS&Co are separate companies affiliated as subsidiaries of The Charles Schwab Corporation, but their products and services are independent of each other. SIT and SPT's intelligent integration solutions integrate data from custodial accounts at CS&Co.
Unless indicated otherwise, third parties are independent and not affiliated with Schwab Intelligent Technologies™ (“SIT”) or its affiliates.
Independent investment advisors are not owned by, affiliated with or supervised by Schwab.
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
Mar. 23, 2017 06:00 PM EDT Reads: 1,175
My team embarked on building a data lake for our sales and marketing data to better understand customer journeys. This required building a hybrid data pipeline to connect our cloud CRM with the new Hadoop Data Lake. One challenge is that IT was not in a position to provide support until we proved value and marketing did not have the experience, so we embarked on the journey ourselves within the product marketing team for our line of business within Progress. In his session at @BigDataExpo, Sum...
Mar. 23, 2017 04:15 PM EDT Reads: 2,368
SYS-CON Events announced today that Loom Systems will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2015, Loom Systems delivers an advanced AI solution to predict and prevent problems in the digital business. Loom stands alone in the industry as an AI analysis platform requiring no prior math knowledge from operators, leveraging the existing staff to succeed in the digital era. With offices in S...
Mar. 23, 2017 03:45 PM EDT Reads: 509
The taxi industry never saw Uber coming. Startups are a threat to incumbents like never before, and a major enabler for startups is that they are instantly “cloud ready.” If innovation moves at the pace of IT, then your company is in trouble. Why? Because your data center will not keep up with frenetic pace AWS, Microsoft and Google are rolling out new capabilities In his session at 20th Cloud Expo, Don Browning, VP of Cloud Architecture at Turner, will posit that disruption is inevitable for c...
Mar. 23, 2017 03:45 PM EDT Reads: 1,673
SYS-CON Events announced today that Telecom Reseller has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
Mar. 23, 2017 03:30 PM EDT Reads: 1,627
SYS-CON Events announced today that Ocean9will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Ocean9 provides cloud services for Backup, Disaster Recovery (DRaaS) and instant Innovation, and redefines enterprise infrastructure with its cloud native subscription offerings for mission critical SAP workloads.
Mar. 23, 2017 03:30 PM EDT Reads: 1,510
SYS-CON Events announced today that Cloudistics, an on-premises cloud computing company, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloudistics delivers a complete public cloud experience with composable on-premises infrastructures to medium and large enterprises. Its software-defined technology natively converges network, storage, compute, virtualization, and management into a ...
Mar. 23, 2017 02:30 PM EDT Reads: 1,365
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
Mar. 23, 2017 02:15 PM EDT Reads: 1,099
SYS-CON Events announced today that T-Mobile will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. As America's Un-carrier, T-Mobile US, Inc., is redefining the way consumers and businesses buy wireless services through leading product and service innovation. The Company's advanced nationwide 4G LTE network delivers outstanding wireless experiences to 67.4 million customers who are unwilling to compromise on ...
Mar. 23, 2017 12:45 PM EDT Reads: 1,606
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
Mar. 23, 2017 12:30 PM EDT Reads: 978
SYS-CON Events announced today that Addteq will exhibit at SYS-CON's DevOps Summit at Cloud Expo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Addteq specializes in creating innovative solutions to solve business processes through the use of DevOps automation. Addteq was founded on the firm belief that automation is essential for successful software releases. Addteq's products and services are centered around the fundamental approach of understanding the pr...
Mar. 23, 2017 12:30 PM EDT Reads: 2,666
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
Mar. 23, 2017 12:30 PM EDT Reads: 1,073
SYS-CON Events announced today that Infranics will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Since 2000, Infranics has developed SysMaster Suite, which is required for the stable and efficient management of ICT infrastructure. The ICT management solution developed and provided by Infranics continues to add intelligence to the ICT infrastructure through the IMC (Infra Management Cycle) based on mathemat...
Mar. 23, 2017 09:30 AM EDT Reads: 2,469
"I think that everyone recognizes that for IoT to really realize its full potential and value that it is about creating ecosystems and marketplaces and that no single vendor is able to support what is required," explained Esmeralda Swartz, VP, Marketing Enterprise and Cloud at Ericsson, in this SYS-CON.tv interview at @ThingsExpo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Mar. 23, 2017 08:00 AM EDT Reads: 3,714
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
Mar. 23, 2017 08:00 AM EDT Reads: 3,267
Web Real-Time Communication APIs have quickly revolutionized what browsers are capable of. In addition to video and audio streams, we can now bi-directionally send arbitrary data over WebRTC's PeerConnection Data Channels. With the advent of Progressive Web Apps and new hardware APIs such as WebBluetooh and WebUSB, we can finally enable users to stitch together the Internet of Things directly from their browsers while communicating privately and securely in a decentralized way.
Mar. 23, 2017 03:00 AM EDT Reads: 5,430
SYS-CON Events announced today that HTBase will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. HTBase (Gartner 2016 Cool Vendor) delivers a Composable IT infrastructure solution architected for agility and increased efficiency. It turns compute, storage, and fabric into fluid pools of resources that are easily composed and re-composed to meet each application’s needs. With HTBase, companies can quickly prov...
Mar. 23, 2017 02:15 AM EDT Reads: 2,397
SYS-CON Events announced today that Outlyer, a monitoring service for DevOps and operations teams, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Outlyer is a monitoring service for DevOps and Operations teams running Cloud, SaaS, Microservices and IoT deployments. Designed for today's dynamic environments that need beyond cloud-scale monitoring, we make monitoring effortless so you ...
Mar. 23, 2017 02:00 AM EDT Reads: 3,773
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex softw...
Mar. 23, 2017 01:15 AM EDT Reads: 3,407
In his General Session at 17th Cloud Expo, Bruce Swann, Senior Product Marketing Manager for Adobe Campaign, explored the key ingredients of cross-channel marketing in a digital world. Learn how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects).
Mar. 22, 2017 11:00 PM EDT Reads: 3,045