A Canadian financial technology platform that improves day-to-day workflow efficiency and fund analysis for wealth professionals announced this week a partnership with the Canadian Imperial Bank of Commerce’s Private Investment Counsel.
CapIntel says that CIBC Asset Management—which manages nearly $200 billion worth of assets—has experienced benefits of improved efficiency with the platform’s support already.
Now, an extended partnership will see CapIntel’s capabilities reach to the Private Investment Counsel.
“With this partnership, CPIC investment counsellors will have streamlined access to position their full suite of offerings, facilitating better conversations with clients and delivering tailored solutions to meet their financial needs,” stated David Scandiffio, chief executive of CIBC Asset Management.
CPIC’s team of Counsellors will leverage CapIntel’s fund comparison and analysis tools to prepare custom proposals and present clear recommendations, according to James Rockwood, CEO of CapIntel.
“As one of CapIntel’s first and longstanding partners, CIBC has experienced firsthand the difference that CapIntel can make in day-to-day processes, client relationships and investment outcomes,” he said. “This partnership is a testament to the value of CapIntel’s platform to add much-needed efficiency to the advisor workflow and transform the advisor-client experience.”
CapIntel says 12,000 advisors across North America use its platform.
Earlier this year, the company unveiled an integration with Manitoba fintech Conquest Planning, as well as one with SEI, a global provider of technology and investment solutions for the financial services industry.
“As the financial services industry continues to evolve, our priority is to work alongside our strategic partners to identify gaps and provide meaningful solutions that enable teams to focus on the core business,” Rockwood stated in April.