Indie Advisors Banking on Credit, Cash Management Independent advisors are gaining ground on their bank-based peers when it comes to loans and cash management tools, improving the client relationship and keeping those assets closer to home.
Last month, Orion and Focus Financial Partners announced that they will be providing independent financial advisors with access to a comprehensive suite of banking services, facilitated by a network of 15 financial institutions. A few weeks later, Envestnet | MoneyGuide and MaxMyInterest revealed their own integration, with yet another yield-boosting cash solution for advisors, which came nearly a year after Envestnet announced the public availability of its Credit Exchange lending platform. Goldman Sachs was even earlier to the game. In 2017 it launched a securities-backed loan platform called GS Select for advisors that’s now used by over 150 firms, proving advisors the ability to source loans for clients without losing touch with�