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Take a special look back at the Future Proof Festival through a series of interviews with insiders and newsmakers conducted by the Financial Planning editorial team.
This clip features Peter Nolan, the vice president of enterprise business development at Pontera, a 401(k) technology firm enabling more financial advisors to work with plan sponsors and participants as they would with traditional individual retail investors. Nolan told FP Chief Correspondent Tobias Salinger that there are misconceptions among advisors and prospective participants alike when it comes to company-sponsored retirement plans. For example, he pointed out that many advisors mistakenly think the compliance burden is too heavy.
Pontera's myth-busting efforts are picking up steam, if the firm's financing and burgeoning list of integrations with companies like Envestnet, Orion and Morningstar are any indication.
Nolan spoke the month after Pontera and RIA platform Dynasty Financial Partners unveiled a new collaboration for advisory firms in the latter's network to use the technology. Last February, Pontera rebranded from its previous name of FeeX while announcing that it had raised $80 million in three funding rounds led by Lightspeed Venture Partners, with participation by The Founders Kitchen, Hanaco Ventures, Hyperwise Ventures, Blumberg Capital and unnamed individual investors.
Check out the full interview below.
Future Proof, an event billed as the first wealth festival, attracted more than 2,200 people to Huntington Beach, California, earlier this year. Financial Planning was a sponsor of the event. Dates for Future Proof 2023 have already been announced. The event is slated to return to the beach Sept. 10-13, 2023.
