As part of the agreement, Matrix’s core trading platform was added to the UBS Select for Corporate Plans Platform.
The Matrix BD Platform is a suite of retirement planning products and services that enables financial services firms and advisers to navigate the retirement plan process. Through its TrueOpen architecture, the solutions improve efficiencies and tighten compliance principles throughout the enterprise and support recent regulatory mandates. The suite includes the plan data feed services and level compensation services, as well as adviser desktop applications.
UBS financial advisers will also be able to view values and activity in their plans on the Matrix platform via the UBS desktop platform, ConsultWorks.
Using third-party administrators (TPAs) that have a relationship with Matrix in conjunction with the Matrix custodial platform allows UBS financial advisers to bring Matrix’s TrueOpen architecture features to their plan clients, including choice of TPA and UBS-approved investment offerings for 401(k), 403(b), 457 plans and more.