Technology

Hybrid RIA Partners With Fintech

Editorial Staff, November 22, 2022

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GVA referred to studies that it said show that professionally managed accounts generate 3 to 4 per cent higher returns per annum, net of fees, than investors’ self-managed accounts.

Great Valley Private Advisor Group (GVA), a hybrid RIA, has partnered with financial technology company Pontera to enable advisors to manage and trade their clients’ retirement assets across all accounts, including held-away assets such as 401(k)s and 403(b)s. 

Advisors can affiliate with GVA by joining the RIA, using its Office of Supervisory Jurisdiction (OSJ), or via a hybrid model, GVA said in a statement yesterday.

“When we learned about Pontera and the impact its technology has on improving client outcomes, it was clear that a partnership was in the best interest of our advisors and clients,” James Spinelli, chief operating officer at Great Valley Advisor Group, said. 

The move comes after GVA, which manages more than $6 billion in assets across its advisory and brokerage businesses, has acquired businesses including US Financial Advisors and Gaines Financial Group.

GVA said Pontera’s technology gives advisors a more complete picture of a client’s financial situation, as well as the ability to own the execution of investment strategies, ensuring a more coordinated asset management strategy.

The firm referred to studies that it said show that professionally managed accounts generate 3 to 4 per cent higher returns per annum, net of fees, than investors’ self-managed accounts. This compounding effect can yield up to 75 per cent more wealth over 20 years.

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