Asset allocation company Ibbotson Associates announced Monday it has partnered with with NorthStar Systems International (NorthStar) to deliver Ibbotson’s asset allocation components within NorthStar’s enterprise wealth management solutions.
The partnership between NorthStar and Ibbotson will forecast wealth via a Monte Carlo simulation to provide realistic forecasts based on clients’ situations, optimize mean variances to produce an efficient frontier and recommend asset mix and use historical data to perform stand financial calculations.
Designed in conjunction with leading financial institutions, NorthStar’s enterprise wealth management software offering includes solutions for sales prospecting and proposal generation, planning, investment selection, client portfolio and performance management, and practice management. NorthStar solutions are built on an advanced, web-based enterprise wealth management technology platform designed for rapid and flexible deployment.
Robert Zangrillo, chairman and CEO of NorthStar, said: “We are excited about the relationship with Ibbotson. Implementing the right long-term investment strategy is critical to managing and preserving wealth. Our strategic partnership with Ibbotson provides financial institutions with an enterprise wealth management solution that leverages some of the most advanced analytics available in the market to help determine optimal asset allocations for clients.
“The seamless integration of Ibbotson’s asset allocation software with NorthStar’s solutions enables financial services firms to deliver an industry leading wealth management solution to their advisors and clients,” said Michael Henkel, president of Ibbotson Associates. “Financial services firms benefit by having solutions that empower advisors to work smarter, provide superior wealth management, and therefore grow their businesses.”
NorthStar will be on hand at the SIA Technology Conference in New York on June 21-23 to demonstrating elements of the integrated solution in booth 1833.