Buckingham Asset Management/BAM Advisor Services has chosen the inStream planning-centric wealth management software platform to serve the 370-plus advisors representing the more than 140 client firms in its network.
The strategic partnership was announced at the BAM Alliance 2014 Annual Conference.
Cloud-based inStream lets advisors increase time spent with their clients while also increasing business capacity, enhancing the human connection at a time when "robo-advisor" products are focused on minimising the human role. Buckingham/BAM advisors will each have access to inStream as part of its turnkey suite of support software.
"We believe that great financial advice comes from a high quality advisor who is supported by an up-to-date client financial plan that the advisor relies upon for daily guidance of their conversations. inStream provides exactly what we believe will propel wealth management to the next level and will enable Buckingham advisors and BAM clients to consistently deliver the highest quality advice," says Jeff Remming, chief operating officer for Buckingham/BAM. "inStream is clearly at the leading edge of technology available to today's wealth managers.”
"We couldn't have hoped for greater validation of inStream's value to financial advisors than to have been selected by Buckingham and BAM," says John Wotowicz, executive chairman of inStream. inStream founder Alex Murguia added "Whether an advisory firm is large or small, success is still ultimately determined by the strength of client relationships and service. We developed inStream to allow firms of all sizes to empower their advisors, not to bypass them, and to enable them to develop the best possible relationships and deliver the best possible service."