Southwest and Summit join more than 30 other firms already utilizing
Matrix’s B/D platform, which supplies financial advisers and other investment
professionals with access to more than 25,000 mutual funds and exchange-traded
funds (ETFs). The firms hope to leverage the Matrix platform to increase
visibility in the retirement planning marketplace and to provide their advisers
with an opportunity to meet specific client needs.
Matrix says its B/D platform assists investment services
firms by improving process efficiencies, providing assistance in meeting
compliance guidelines and supporting regulatory mandates.
“It’s clear that transparency is critical in this
increasingly complex and competitive financial environment,” says John Moody,
president of Matrix Financial Solutions. “Broker/dealers need visibility into
plan data and information to quickly assess risk, increase productivity and
keep up with the regulatory landscape.”
Though the new partnership, Southwest and Summit also gain
access to Matrix’s Plan Level Data Feed, as well as the Level Compensation and
RetireTool(k)it solutions. Plan Level Data Feed creates a window into the
activity of a firm's brokers and advisers, including breakdowns of plan asset
values and investment activity. RetireTool(k)it leverages Matrix’s “TrueOpen” architecture and will support the firms’ advisers with
everything from fund selection and monitoring to the crafting of investment
policy statements, plan proposals, enrollment kits, and both quarterly and
annual monitoring reports.
Larry Tate, Southwest Securities’ director of retail,
believes that leveraging the Matrix suite of solutions will give his firm’s
advisers the ability to provide retirement plan clients with the best investment
options based on each plan’s individual needs.
“One of our core philosophies is to provide the adviser with
the right tools to consistently offer high quality plan options that best meet
the plan’s needs,” he adds.
Financial Solutions, Inc. is a Broadridge
Financial Solutions, Inc. company.