Axos Clearing has entered into a strategic partnership with Envestnet meant to help hybrid broker-dealers and RIAs automate routine portfolio management tasks like rebalancing and reporting, while offering a wider range of investment options.
The adoption of Envestnet's managed account technology will also help Axos Clearing clients serve their clients more effectively and scale their practices, according to the announcement.
"Partnering with Envestnet to integrate their managed account technology into our professional workstation allows us to provide our clients with the tools and technology they need to thrive in a fee-based advisory model," David Crow, head of Axos Clearing, said in a statement. "This is a key step as we continue developing Axos Complete, our comprehensive platform for advisory and operational solutions."
