Albridge Solutions announced Tuesday that ValMark Solutions has asked it to provide a suite of EDM and wealth reporting solutions.
ValMark will use Albridge’s EDM platform to manage its enterprise data. Albridge’s EDM will allow ValMark to access Albridge Wealth Reporting system, which provides the firm’s financial advisors with key client data, including a wide range of information on an investor’s brokerage assets, and, for the first time, details on their insurance product attributes, Albridge says.
ValMark will also implement Albridge’s Replicated Data service to assist in opening new accounts and ensuring they meet compliance requirements. This Albridge technology is designed to collect transaction-level information from legacy systems and external custodians by way of direct data feeds.
“The array of technology solutions Albridge delivers will enable ValMark to realize increased efficiencies in managing our enterprise data, and, ultimately, our business,” says Larry Rybka, president of ValMark Securities. “Albridge’s Wealth Management Reporting platform allows our advisors to provide their clients with a comprehensive, consolidated statement. This enables them to more fully understand investment performance and manage their assets, and receive an unsurpassed level of service and financial planning advice.”