The combined solution to come will target StoneX’s introducing broker-dealers and financial advisors.
Advyzon Enterprise Solutions is partnering with the Correspondent Clearing division of StoneX Financial Inc. to bring Advyzon’s technology platform and portfolio management solution to StoneX’s introducing broker-dealers and financial advisors, officials say.
A wholly owned subsidiary of StoneX Group Inc., StoneX Correspondent Clearing is a financial services firm that provides global market access, clearing and execution, trading platforms, to more than 54,000 commercial, institutional, and global payments clients and over 400,000 retail accounts from more than 80 offices across five continents, officials say. The division offers custody and clearing solutions for broker-dealers, investment advisers, and foreign financial institutions.
The partnership will yield a solution “configured to StoneX’s specifications,” including “all of Advyzon’s capabilities” such as portfolio management, customizable performance reporting, trading and rebalancing, web portals, mobile apps, CRM, billing, and document storage, according to the announcement. The partnership will allow with the option “to add on services from Advyzon Investment Management (AIM),” which provides investment solutions and access to a model marketplace called Nucleus. AIM is an SEC-approved registered investment adviser, and a wholly-owned subsidiary of Advyzon.
Dave Goes
The new partnership “coincides with the one-year anniversary of the launch of Advyzon Enterprise,” according to the announcement. Dave Goes, president of Enterprise Solutions at Advyzon, joined the Advyzon team in February 2024, and launched “the new business unit to expand Advyzon’s presence in aggregators, independent broker-dealers, regional broker-dealers, regional banks, insurance broker-dealers, and other enterprise firms.”
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