The firm will be using “Revolution Composites” to scale its composite reporting.
Annex Wealth Management reports that it has signed on to use the Revolution Composites solution from Confluence Technologies for composite calculations, to scale its composite reporting just in time to meet regulatory requirements such as the SEC Marketing Rule, officials say.
Revolution Composites is “a cloud-based product delivered through our web-based Revolution portal” that processes performance calculations and reporting, according to Confluence officials. Annex intends to use the platform to improve efficiency, reduce risk, and boost scalability.
Revolution Composites offers “automated composite membership rules with unlimited custom field definitions, customizable and flexible reporting, extensive calculations and statistics, and the ability to meet all industry compliance requirements,” according to the announcement.
“With increasing regulatory requirements such as the SEC Marketing Rule adding complexity to our marketing processes and performance, we believe Confluence’s proven Revolution Composites solution can help us enhance our client experience and achieve our growth goals,” says Steve Dryer, managing director of operations at Annex Wealth Management, in a prepared statement.
Annex Wealth Management offers fiduciary advice, comprehensive strategies, and educational services, officials say. Annex offers advisory services to individuals and families, businesses, and non-profit organizations. The firm’s strategic planning is centered around financial planning, investment management, tax planning, estate planning, risk management, and insurance planning.
Annex Wealth Management LLC is a national financial advisory firm headquartered in Brookfield, WI, officials add. The firm has $5.5 billion under management and serves more than 9,000 clients.
Confluence offers enterprise data and software solutions for regulatory, analytics, and investor communications, officials say. The provider is headquartered in Pittsburgh, PA, with more than 700 employees across North America, the United Kingdom, Europe, South Africa, and Australia. Confluence services 1,000 clients in more than 40 countries.
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