National Planning Holdings (NPH) has launched a raft of service and operational enhancements to its flagship WealthONE fee-based advisory platform.
NPH is the US’s fourth-largest independent broker-dealer network, which includes INVEST Financial Corporation, Investment Centers of America (ICA), National Planning Corporation and SII Investments.
NPH's investment in upgrading its WealthONE platform will enable the network’s financial advisers to create a better client experience. Starting in December, and rolling out over the course of the next 15 months, multiple enhancements will be delivered to help set the WealthONE platform apart from other advisory platforms.
“The coming years are going to be a time of significant change in the retail financial advice industry, and we are committed to investing in the tools, processes and resources that will help advisors meet the needs of their clients,” says Scott Romine, president and chief executive officer of NPH. “In that spirit, we are confident that the series of service and operational enhancements we have begun to introduce today will make our advisory platform one of the best in the business.”
NPH has brought on Tim Munsie as the new vice president of advisory platform strategy and enhanced its advisory service model by increasing its number of advisory consultants by 50 per cent and basing them in the home territories of their advisers.
"We are excited to work with NPH and launch our series of BlackRock Managed Portfolio Strategies on NPH’s state-of-the-art WealthONE platform," says Greg Weiss, head of BlackRock’s managed accounts business for BlackRock. "Our asset allocation and goals-based strategies represent the next frontier for managed accounts to help advisors scale their practice and focus on holistic wealth management. WealthONE’s technology empowers advisors to select and combine best of breed managers with ease – creating a better experience for both clients and advisors. It's a win-win."
“By leveraging our people, technology and product solutions, we can accomplish the goal of producing a single, fully-integrated platform that allows the network’s advisers to offer a wider range of solutions for their clients,” says Romine. “The end result will also provide increased opportunities for advisors and help effectively prepare them for significant shifts in the changing regulatory environment.”