News and Updates
Panoramix™ Partners with Apex to Create Fully-Digital New Account Opening Capability
RIAs can now open accounts at Apex directly through Panoramix via transformative, end-to-end, digital account opening, funding, and onboarding integrations.
EAGAN, MINN. JUNE 06, 2023
Panoramix, an innovative advisor technology platform focused on financial advisor performance reporting and client billing, announced today a seminal technology integration to facilitate a completely digital new account opening, funding and onboarding process. Leveraging Apex’s flexible APIs, RIAs using Panoramix can now open new accounts, fund them, and onboard new clients in a fully digital, end-to-end process.
The alliance with Apex provides advisors the ability to open several account types directly from Panoramix with real-time edits that can help avoid NIGOs. Advisors may see status and progress updates, upload supporting documentation, and the entire process integrates into the Panoramix client portal for investors to edit, review, eSign, and more.
“In today’s modern world, clients expect to work with their advisor digitally for all aspects of their relationship,” said Chris Hastings, CEO of Panoramix. “With our new integration with Apex, we make that a reality for RIAs. Our new digital account opening capability delights clients and provides transformational productivity and efficiencies for advisors to vastly increase their scale for growth to serve new market segments.”
In addition to account opening, the new Panoramix/Apex integration enables fully digital account funding via online ACH transfers, automatically generates deposits and withdrawals and enables clients to move money through the Panoramix portal. As part of the new integration, clients may view and download related documents, such as tax information, account statements, and trade confirmations. Additionally, advisors may directly submit billing information and management fees from Panoramix to Apex. Trading, facilitated through Panoramix via innovative Apex APIs, enables advisors to deliver trades directly from Panoramix to Apex, while electronically monitoring trade confirmations.
“We are seeing growing adoption of our digital account opening and funding technology solutions across the industry as advisors are looking to upgrade the experience they are delivering to their clients and prospects,” said Jon Patullo, Chief Product Officer for Apex. “Particularly, for the fintech ecosystem that supports advisors, those innovative platforms are able to leverage our APIs to get to market with a fully digital solution and we look forward to partnering with Panoramix as they expand their offering.”
Known for its industry leading client service and competitive price points, Panoramix recently earned the highest ranking in the recent T3 Advisor Technology survey for client service for the fifth consecutive year, making the platform one of the most outstanding values in the industry.
About Apex Fintech Solutions
Apex Fintech Solutions is a fintech powerhouse enabling seamless access, frictionless investing, and investor education for all. Apex’s omni-suite of scalable solutions fuel innovation and evolution for hundreds of today’s market leaders, challengers, change makers, and visionaries. The Company’s digital ecosystem creates an environment where clients with the biggest ideas are empowered to change the world. Apex works to ensure their partners succeed on the frontlines of the industry via bespoke custody & clearing, advisory, institutional, digital assets, and SaaS solutions through its Apex Clearing™, Apex Advisor Solutions™, Apex Silver™, and Apex CODA Markets™ brands. For more information, visit the Apex Fintech Solutions website: www.apexfintechsolutions.com.
Sapphire Software Services inc., a custom software and business-to-business automation company founded in 2003, developed Panoramix® for financial advisors in 2013 and completes 16 planned releases per year to the product. Sapphire brings business applications to the web, provides consulting services with the best vendors and partnerships, and offers professional development capabilities to automate business processes. Sapphire specializes in business application software development for companies in the financial services sector. Panoramix, its award-winning flagship software tool for portfolio management for financial advisors, focuses on providing multi-custodial performance reporting and client billing, with a wide-ranging additional feature set. Sapphire markets under the name Panoramix Financial. For more information on Panoramix connect with us at www.panoramixfinancial.com.
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