NEW YORK, May 18, 2016 (GLOBE NEWSWIRE) -- Detroit-based Concorde Investments, one of Inc. Magazine’s “Fastest Growing Companies” for 2015, announced the completion of an ongoing integration project to include FolioDynamix within its end-to-end wealth management technology solution. For the past four years, Concorde has been focused on growing AUM and attracting progressive independent advisors to continue to expand its regional footprint. The company has succeeded by empowering advisors to engage with, and solve for client needs by putting a strong technology matrix in place. This required working with a solution provider who was willing to collaborate on innovation and development.
Concorde approached FolioDynamix to explore solutions in late 2014. The goal was to develop a more robust end-to-end asset management platform with complete asset aggregation and performance reporting capabilities, as well as a compliance overlay and a data repository. Along with the technology need, Concorde brought a willingness to collaborate in discussions, pilot programs, beta testing, and more—to be the “guinea pig”, so to speak, for an expansion of the FolioDynamix core capabilities. FolioDynamix—known for an end-to-end trading, rebalancing, and portfolio accounting technology solution—was the ideal partner for Concorde based on its focus on innovation and a willingness to expand and develop a solution tailored for Concorde’s needs.
“Beyond the typical price, value and service criteria of a selections process, we were seeking partnerships and relationships more than just service providers,” says Kelly Knight, COO of Concorde and the lead on building the technology roadmap. “It has been hugely important for us to build relationships in which Concorde can be as contributive to that firm’s growth as that IT partner would be to ours. This philosophy has worked well for us. As a growing BD/RIA our budget is smaller, and it’s our work ethic, experience and commitment that can make a meaningful difference to any partner we work with.”
FolioDynamix is now a core component of Concorde’s innovative technology offering—a huge selling point in their recruiting value proposition. The modular nature of FolioDynamix’s solution allowed Concorde to leverage the specific features they needed to integrate with third-party solutions (such as Docupace Technologies for account opening and RedTail for CRM). Concorde is pleased with the results of the integration to date—but even more excited about the future.
“As we continue growing Concorde, we are focused on associating with the top companies in the industry,” says Jason Kavanaugh, president and CEO of Concorde. “Concorde’s rapid growth dictates that we continue to partner with dynamic firms that share our commitment to utilize the best available technology and service in the industry.”
“Working with Concorde is the ideal client/solution provider relationship,” says Steve Dunlap, president of FolioDynamix. “They are very in touch with what their advisors are looking for, to best serve clients. They are also extremely progressive in how they think of challenges as opportunities. That’s the same view we take, and we’re excited to be a part of their continuing growth.”
Concorde plans to shine a light on its technology roadmap at their upcoming National Conference in Detroit (June 5-7). Steve Dunlap will kick off the event with an in-depth look at digital disruption in the industry and a look at how history has shaped our future.
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 advisor discretionary account options. 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 (Nasdaq:ACTA). Visit www.foliodynamix.com. Follow us on Twitter @foliodx.
Headquartered in Michigan, Concorde Holdings, Inc. is the parent company of Concorde Investment Services, LLC, Concorde Asset Management, LLC and Concorde Insurance Agency, Inc.. Concorde Investment Services, LLC is a national securities broker-dealer registered with FINRA to solicit securities products in all 50 states and several territories. Concorde Asset Management, LLC, an SEC registered investment adviser with over $200 million in assets under management serving clients in over 20 states. And, Concorde Insurance Agency, Inc., is insurance licensed to solicit insurance products in over 30 states. Additional information about Concorde can be found on its website at www.concordeis.com.
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