Adviser Product Partnerships

Novata and S&P Global Market Intelligence partner to support private market investors; Fidelity Institutional and Salesforce partner to deliver digital platform experience; NAIC and UBS partner to support diverse alternative asset managers; and more.

By DJ Shaw



Novata and S&P Global Market Intelligence Partner to Support Private Market Investors

Novata, an environmental, social and governance data platform built for the private markets, and S&P Global Market Intelligence, a provider of information services and solutions to the global markets, have announced a partnership to provide private market investors with a data solution that simplifies the process of collecting both financial and ESG data.

Through this partnership, Novata’s platform will be made available for S&P Global Market Intelligence customers to bridge their ESG data with financial data in order to provide a single source of insight. This integration will help market participants make informed decisions about how ESG drives financial outcomes and enable transparent communication to investors, auditors, boards and other stakeholders. The platform is intended to be made available through S&P Global Market Intelligence’s iLEVEL offering, a portfolio-monitoring software solution that enables general partners and limited partners to streamline financial data collection.

Fidelity Institutional and Salesforce Partner to Deliver Digital Platform Experience

Fidelity Institutional, the division of Fidelity Investments dedicated to providing technology, solutions and insights to wealth management firms and institutions, has announced the Fidelity Institutional Integration on Salesforce AppExchange, designed to save time and deliver a connected platform experience. The integration, built on Financial Services Cloud, is currently in pilot for registered investment adviser and family office clients and is expected to be made available to all Fidelity Institutional clients by early 2023.

Available through Salesforce AppExchange, this new integration links clients’ financial accounts within Salesforce to their Fidelity Institutional accounts on Wealthscape, providing secure access to account information and the ability to initiate actions directly within Salesforce, including updating account information. This new connected experience reduces complexity and streamlines important processes, allowing advisers to use the time saved to serve their clients.

NAIC and UBS Partner to Support Diverse Alternative Asset Managers

The National Association of Investment Companies, a network of diverse-owned alternative investment firms, and UBS, a global wealth management firm, have announced an agreement whereby UBS will become a platinum sponsor of NAIC in support of the firm’s Inclusive Investing offering. Through this sponsorship, UBS will support and participate in NAIC’s virtual and in-person events and programming with NAIC member firms, partners and decisionmakers at investment plans and institutions.

NAIC will introduce UBS to its member firms through virtual and in-person roadshows, which will help support UBS’ recently launched Inclusive Investing offering. Through this offering, UBS’ clients pursue investments that seek strong risk-adjusted returns while helping to create a more equitable world. UBS will also support NAIC’s Women in Alternatives Initiative “UP” Program, which focuses on helping women in financial services advance their careers within their current firms.

SoFi Partners With BLINK by Chubb on Personal Cyber Protection

Blink by Chubb has announced that it will partner with SoFi, the digital personal finance company, to help SoFi members protect their digital footprint with the launch of personal cyber insurance.

Blink by Chubb offers a suite of Chubb-backed personal insurance products distributed through the company’s digital brokers and affinity partners, such as SoFi. Chubb is a publicly traded property and casualty insurance company.

Blink Cyber is a stand-alone insurance policy that addresses the needs of customers facing the increasingly growing risk of cyberattacks. The policy responds to expenses related to a personal cyber event, including cyberbullying, phishing scams, ransomware extortion and cyber financial fraud.

Edward Jones Equips Branch Teams With New Tool

Financial services firm Edward Jones has announced that it is equipping its nearly 19,000 financial advisers with interactive tools and security-based lending options to help clients navigate complex financial needs and changing market conditions. 

One of the offerings phased in over time will include Envestnet MyBlocks, the client-engagement tool from MoneyGuide, on inflation and credit cards, and other tools that will help address clients’ immediate goals for spending and borrowing and their longer-term saving and investing needs. Clients will also have access to the latest Edward Jones guidance on these and other personal finance topics.

The firm is also offering the Edward Jones Reserve Line of Credit, a securities-based lending solution. This will be available to small, targeted groups in 2022 with further expansion into 2023, and aims to enhance the firm’s ability to meet clients’ needs by providing a borrowing option in its advisory solutions, unified managed accounts and guided solutions fund accounts.

BizEquity Partners with Bonsai to Provide Improved Valuations

Valuation fintech firm BizEquity has announced a partnership with Bonsai, LLC, a provider of solutions to financial professionals, focused on the importance of managing the entirety of an investor’s balance sheet.

The partnership allows BizEquity’s cloud-based valuation software to be accessed by thousands of financial professionals working with business owners, making it simple and affordable to obtain accurate, real-time valuations via Bonsai’s platform.

“Through BizEquity and Bonsai, a financial professional can quickly assess business valuations for their business owner clients and offer risk-management solutions to protect a client’s largest asset and ensure more determined outcomes for their future,” said Robert DeChellis, founder and CEO of Bonsai.  

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