Fintech company Pontera has entered a partnership with Savant Wealth Management to provide access to its 401(k) management tools to Savant's network of independent, fee-only RIAs.
Founded in 2012 and formerly known as FeeX
Using Pontera, Savant advisors can more efficiently apply investment strategies to plan retirement accounts. Pontera's capabilities include: plan account analysis, historical fund performance tracking, account rebalancing, automatic supervision documentation and target allocation drift alerts.
"Pontera empowers our advisors to deepen client peace of mind by facilitating the application of Savant's evidence-based strategies across all retirement plan assets," Savant CEO Brent Brodeski said in a statement. "The Pontera platform brings to bear significant operational improvements in analyzing and rebalancing held-away accounts, paving the way for investment teams to grow this essential service and cater to more clients."
Prior to Pontera, Savant worked to build and scale outside asset management as part of its comprehensive offering. The company said that decision required extensive investments in security and compliance practices, as well as increasing client coordination while rebalancing accounts.
Savant leaders said once Pontera announced an integration with Envestnet earlier this year, "the pieces fell into place for a more streamlined, scalable solution" because Savant uses Envestnet's portfolio management platform.
"We are pleased to assist Savant as they deliver their signature Wise Counsel (platform) to more families with employer-sponsored retirement accounts," said Peter Nolan, vice president of enterprise at Pontera. "Through this partnership, we aim to not only support Savant's impressive operational scale, but also bridge more individuals to the company's top-tier products and services."
This announcement comes on the heels of
