By the end of 2025, Constantino said trading hours will extend to 8:00 p.m.
CapIntel attributes growth to U.S. sales, software partnerships
The number of advisors using Toronto-based CapIntel Inc.’s platform has grown from 12,000 in August 2023 to 20,000 as of last month.
“Enterprise accounts we’ve been able to add over the last year … have generated the material increase in user count,” James Rockwood, founder and CEO of CapIntel, said in an interview. “Just over half of that increase is from the U.S.”
Desjardins and BMO Private Wealth started using CapIntel this year. Other major Canadian clients include Aviso Wealth, Canada Life, CIBC Asset Management, CIBC Private Investment Counsel and IG Wealth.
Firms that began to use CapIntel have switched over from a mix of legacy systems and competitors. CapIntel provides training and has in-app live-chat support.
“It’s not just about getting some [advisors to] sign up,” Rockwood said. “Investing in [the] user experience post-sale is going to help drive adoption.”
Advisors who are already using software that’s integrated into CapIntel, such as Conquest Planning, can have their existing data integrated into the CapIntel platform, Rockwood said.
CapIntel integrated financial market data and analytics provider FactSet’s workstation into its platform in October. Last year, CapIntel integrated financial planning and analysist software Conquest Planning.
Online insurance distributor uses Equisoft’s third-party administrator service
Montreal-based Equisoft inc. became online insurance distributor Emma’s third-party administration service provider.
Also based in Montreal, Emma offers term and whole life insurance from Quebec carrier Humania.
The software integration with Equisoft provides policy administration, payments and commission tracking. It will help Emma manage agent relationships and distribution channels, according to a release.
New wealth management firm adopts Advisor Solutions by Purpose
Aretec Wealth Inc., launched in October, announced it will use Advisor Solutions by Purpose as its back-end provider.
“Their platform enables us to strengthen client relationships while streamlining operations,” Keely Simpson, CEO, chief compliance officer and portfolio manager at Aretec, said in a release.
The Advisor Solutions platform is designed to help advisors go independent by providing technology, investment tools and support services.
D1g1t launches new trading framework
Toronto-based wealth management platform d1g1t has released its trading unified management accounts framework. It lets advisors subdivide custodian accounts into different sleeves, each linked to a model portfolio.
Sleeves can be manually or automatically created to reflect target allocations across different models. Advisors can analyze and report on the performance of each sleeve independently.