“Many of our clients, ranging from traditional investment advisors to fintech investing platforms, have singled out account transfers as the most challenging part of engaging with clients. The process is error-prone and embarrassingly manual, in an age where technology is reducing friction in so many other investment workflows. A natural next step in our ongoing efforts to create real value out of aggregated account data is to tackle this issue,” said Lowell Putnam, CEO and co-founder of Quovo, in a press release. “Apex Clearing is a pioneer custodian, leading the way in providing services to the robo-advisors that have really changed the course of wealth management. Apex was the clear choice for getting an ACATS-optimized solution in front of the top digital wealth platforms in the market. We look forward to a fruitful partnership.”

https://www.quovo.com/finserv-blog/product/quovo-apex-clearing-team-up/