IDB Bank has selected the FolioDynamix wealth management technology platform, which will provide the firm with a single interface and unified processes for proposal generation, research, investment model management and trade order management.
The platform will replace legacy technology and provide IDB Bank with the foundation to grow its wealth management business and managed account programs.
"We selected FolioDynamix for the flexibility of its technology complemented by the seamless integration of its advisory services," says Greg Leo, IDB Bank's Senior Vice President and Chief Investment Officer for Investment Management & Trust. "Deploying a single, unified technology platform across all of our managed accounts will provide us with greater operational efficiency and give our advisors access to next generation portfolio management tools to better service clients."
"Our ability to provide a truly unified enterprise platform for the full wealth advisory lifecycle is helping firms streamline operations and empower advisors for innovation and growth," says Joseph Mrak, Chairman and CEO at FolioDynamix. "We are extremely pleased that IDB selected the FolioDynamix wealth management technology platform and we look forward to helping them grow their business."