MONTREAL–(BUSINESS WIRE)–Today, Mako Financial Technologies, Inc. (“Mako”) and Portfolio Aid Inc. (“PortfolioAid”) are proud to announce a new strategic partnership to expand their integrated service offerings.
This partnership will offer advisors and wealth managers best-in-class WealthTech solutions that will streamline KYC workflows for client onboarding, portfolio construction, account servicing and continuous compliance management.
PortfolioAid offers wealth compliance technology with product risk assessments, trade oversight, portfolio suitability modeling and KYP management tools. Developed for all compliance stakeholders including head office managers, branch managers and advisory teams, PortfolioAid has always believed that enabling insight and collaboration in the compliance process provides a competitive advantage in the market.
“Never before have advisors and asset managers been as directly responsible for satisfying regulatory KYC and KYP mandates as they are today,” said Sam Webster, PortfolioAid CEO, “but with PortfolioAid and Mako’s proven solutions, we can help advisors raise investor experience while reducing financial, regulatory and reputational risk for themselves and their firms.”
Mako Fintech integrates unique operational processes and their corresponding forms into a single, unified experience from the investor, through the portfolio manager or introducing broker, all the way to the custodian. With proven success in creating a premium customer experience, Mako’s configurable solution enables partners to manage their customer data such as households, investors or accounts from prospecting to account opening to existing account inquiries and KYC maintenance workflows. The flexibility of Mako’s platform gives partners the ability to automate and modernize advisor and investor experiences. Mako has more than 50 clients spanning wealth management, institutional capital markets, private and alternative fund issuers, asset management and various other advisers/dealers.
“At Mako, we’re relentlessly focused on eliminating tedious manual processes, freeing advisors to focus on providing great advice,” says Raphael Bouskila, Mako’s founder and president. “Allowing advisors to automate both client onboarding and also portfolio construction just makes sense. We’re excited to see the best advisors in the industry do better work faster as a result of this partnership.”
Existing customers of Mako and Portfolio Aid are encouraged to speak to their account managers about the partnership offers.
About PortfolioAid
Founded in 2001, PortfolioAid is Canada’s market-leading provider of technology solutions for wealth preservation. Recent industry recognition includes 2022 WealthTech Provider of the Year – Excellence Awardee (Wealth Professional Magazine) and a 2022 WealthTech100 Company to Watch (FinTech Global). For more information please visit www.portfolioaid.com or email [email protected].
About Mako Fintech
Since 2018, Mako has been providing cloud-based client engagement and business process automation services, such as digital onboarding, client reporting and form automation across the Canadian wealth management industry. Mako is honored to be a 5 Star WealthTech Provider and a proud member of PMAC. Headquartered in Montreal, Canada, Mako is led by a team of finance and technology experts. For more information, please visit www.makofintech.com or email [email protected].
