FolioDynamix - July 21, 2016
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Increasing numbers of advisors are leaving the wirehouse model to join independent firms who have built an infrastructure leveraging leading-edge technology tools. Bolton Global Capital, with headquarters in Massachusetts, is poised for significant growth as a result of this trend. With a compelling value proposition of high-touch service for advisors paired with powerful, flexible technology solutions, Bolton has seen an influx of new advisors joining the firm, most notably from Merrill Lynch. Bolton continues to significantly expand in the Latin American market, which is now underserved by the exit of major firms from the international space. This growing and loyal client base has proven a significant source of growth revenue for the fim as a whole.
Bolton clears through Pershing LLC and and leverages a number of global wealth management solutions from both Pershing and its parent company, BNY Mellon, including; multi-currency reporting, cash management solutions, and asset preservation strategies. Bolton has recently signed an agreement with technology solution provider FolioDynamix for trading, portfolio management, and advisory services. Advisors will be able to leverage the institutional-quality trading interface to manage the entire client lifecycle, from account opening to rebalancing; they will also have access to a series of managed account options that have undergone extensive due diligence review.
“FolioDynamix offered a degree of flexibility that was very attractive to us,” says Steve Preskenis, President of Bolton Global. “The trading interface and overall solution was exactly what our advisors were asking for; many come to us from a wirehouse background, and this technology actually offers a better experience than what they were used to.”
Bolton plans to rollout the FolioDynamix platform over the next two months. As a multi-custodial solution with an integration already in place with Pershing, Folio offers a seamless, efficient onboarding experience.
“We believe strongly that the advisors who leverage technology—and the firms who invest in leading-edge solutions—are going to continue to grow exponentially,” says Joe Mrak, CEO of FolioDynamix. “We are thrilled to partner with a firm like Bolton that is actively seeking new markets and new opportunities, and we look forward to our collaboration.”
FolioDynamix is leading the evolution of the wealth management experience, with an end-to-end technology solution paired with a suite of advisory tools including model portfolios, research, and overlay management services. Through our powerful technology platform, advisors can manage the entire client lifecycle from proposal generation to account opening to account management (trading and rebalancing) to reporting, all through a sophisticated but easy-to-use cloud-based solution. FolioDynamix is an Actua company (ACTA). Visit www.foliodynamix.com. Follow us on Twitter @foliodx.