Fidelity Investments added new features and expanded access to Fidelity Bond Beacon, Fidelity Institutional's digital trading solution that helps financial advisors manage fixed income investing for clients.
Bond Beacon, first offered to a subset of Fidelity Institutional clients in August 2020, is now starting to roll out to all client segments and provides advisors increased visibility into the bond market, the company said Tuesday.
Citing Fidelity research, it said 35% of advisors would find it easier to invest in individual bonds for clients if they had a simplified process to access and trade. Bond Beacon helps address that by using real-time data and analytics to trade against live markets, offering a view into fixed income markets and significantly reducing the time needed for transactions, it added.
Fidelity has "deepened" Bond Beacon's capabilities, adding new features to offer advisors, broker-dealers and family offices with more support to manage and construct fixed income portfolios, it said.
The platform provides: enhanced liquidity; analytics and data pre-trade, at-trade and post-trade functionality; expanded reporting to support intermediaries and their investor clients; and in-depth, real-time fixed income position and account information with Wealthscape, Fidelity's advisor technology platform
Oppenheimer Launches Investor Gateway
Oppenheimer & Co. launched the Investor Gateway, an interconnected and intuitive wealth management technology platform.
Oppenheimer recently completed the buildout of the Investor Gateway, which it said enables clients to "seamlessly open new accounts, and includes a data-gathering process that navigates and enhances the delivery of our service capabilities and improves the overall client experience."
The platform uses behavioral science for client journey mapping, in addition to improving digital engagement and the advisor-client relationship, the firm said.
The implementation of the enhanced new platform was achieved in strategic partnership with fintech firm InvestCloud, which built the cloud-based platform exclusively for Oppenheimer's Private Client Division.
The digital portal, first implemented in 2020, integrates with Oppenheimer's existing technology infrastructure and is now ready for use to onboard new accounts, it said.
The technology-enabled solutions being offered to Oppenheimer advisors and other professionals with the Investor Gateway include: a prospect portal with Oppenheimer content and product-related information; client onboarding and retention processes; and a bi-directional document vault allowing advisors and clients to share and store client information, proposals and agreements.
The "design-led" delivery and fast integration of new solutions to existing Oppenheimer systems will occur on AdvisorWorks, an adaptive, proprietary customer relationship management and desktop dashboard that Oppenheimer said serves as the landing site for all advisor applications.
The "design-led" delivery and fast integration of new solutions to existing Oppenheimer systems will occur on AdvisorWorks, an adaptive, proprietary customer relationship management and desktop dashboard that Oppenheimer said serves as the landing site for all advisor applications.
