As part of the Wedbush managed account offerings, the asset manager will implement FolioDynamix technology for proposal generation, research, investment model management, trade order management and performance reporting.
Wedbush Securities executive vice president and private client services head Wesley Long said that the technology was selected due to its integrated wealth management technology capabilities and configurability of the platform.
FolioDynamix president and CEO Joseph Mrak said that the FolioDynamix has emerged as the unified wealth management platform option due to its ability to address the full wealth management lifecycle across the enterprise with a single integrated, scalable platform.
FolioDynamix delivers the complete web-based technology platform for managing the full wealth advisory lifecycle, including proposal and onboarding, research, model management, portfolio accounting, trade order management, operations, reporting, and performance analytics across all account types.
Registered investment advisors, broker-dealers, banks, custodians and service providers can attract and retain top advisors, accelerate client acquisition and gain end-to-end visibility into all assets under management through the new platform.
Formed in 1955, Wedbush Securities caters brokerage, clearing, investment banking, equity research, public finance, fixed income sales and trading, and asset management to individual, institutional and issuing clients.
