Boston’s FusionIQ, a provider of cloud-based wealth management solutions with an all-in-one digital platform for financial advisors and institutions, announced an expansion into the Canadian market in September.
FusionIQ had been eyeing the Canadian market for several years, according to chief executive Mark Healy, who stated that “Our Canadian expansion marks a new era in our digital wealth journey.”
Firming its foothold in Canada is a new partnership with North Star Consultants, a Toronto-based regulatory advisor to hundreds of firms.
“We are excited to join forces with North Star Consultants to introduce our all-in-one FusionIQ One platform to the Canadian market,” said Healy this week. “This partnership aligns perfectly with our mission to empower financial advisors and institutions to become digital wealth leaders.”
Healy believes that North Star’s “deep understanding of the regulatory framework in Canada is key to delivering a highly effective platform.”
From strategic advice, registration, compliance policies, procedures, and training programs, North Star Consultants’ deep bench of compliance professionals helps clients stay on the right side of regulations and laws that apply to their businesses.
“We are delighted to collaborate with FusionIQ Canada,” stated Michael Holder, chief executive of North Star.
FusionIQ’s digital end-to-end workflows offer a superior experience that helps financial organizations across Canada integrate their business processes and workflows, according to Holder.
“Using digital platforms like FusionIQ will increase efficiency, improve supervision, and achieve consistent compliance for every transaction,” he believes. “Whether by itself or in combination with North Star’s Compliance Office Management Service, FusionIQ provides financial organizations with an easy-to-implement digital wealth management solution that also simplifies compliance.”
The FusionIQ One Digital Advice module is hybrid and can be client-driven, rep-assisted, or advisor-led. The platform’s Self-Directed Investing module can open up new revenue streams for firms, and the Digital Model Marketplace module opens up a new distribution channel for fund managers.
Meanwhile, the Turnkey Asset Management Program provides wealth managers with a white-label solution, delivering end-to-end workflows and multi-custodial data feeds to give Canadian firms access to this groundbreaking digital asset management program.
Cloud-native platforms like FusionIQ “are key to delivering the flexibility and scalability Canadian firms need to be competitive in a global market,” according to Howard Atkinson, who heads business development for the company.
“Our new partnership with North Star Consultants is a testament to our commitment to delivering cutting-edge digital solutions to the Canadian financial sector,” he stated. “Together, we are poised to transform Canadian wealth management, while opening new avenues of opportunity for Canadian firms to exceed advisor and client expectations.”