Totum Wealth, a provider of digital client engagement and institutional-quality analytics for financial advisors, has collaborated with financial data science firm Quovo to assist advisors with client account aggregation.
Under the partnership, Totum Wealth will provide financial advisors with a streamlined platform to access and aggregate client accounts.
It will also allow advisors on the Totum platform to access custodial feed data via Quovo and then build customized investment portfolios with Totum’s holistic risk profiling that evaluates each client’s unique human capital factors.
Totum Wealth said that the platform will help advisors to seamlessly obtain portfolio holdings in their entire book of business to develop and review investment strategies suitable for each individual customer.
Totum Wealth co-founder and CEO Min Zhang said: "With the Quovo partnership, we are able to provide financial advisors a cohesive platform that allows easy access to portfolio information so they can tailor comprehensive and responsible advice for their clients.
Quovo co-founder and CEO Lowell Putnam said: "We are thrilled to reach even more advisors through our partnership with Totum as it’s clear that advisors using Totum see the same value we do in high quality data."