“”

The Top 5 Myths About New Financial Technology

Are you hesitant to introduce new technology into your financial advisory firm because you believe it will be too expensive or disrupt your current process? If so, you are not alone. Many financial service decision makers have these same concerns. However, in this blog post, we will debunk the top 5 myths about new technology and show you how the right tool has the potential to drive compliance, revenue, and growth for your wealth management business.

Continue reading “The Top 5 Myths About New Financial Technology”

Editable Trades Lists in Nitrogen Trading

By Jesse Krieger, Senior Product Manager

If you’ve ever used a legacy rebalancer to trade your client accounts, you know that they run on a rigid models-based architecture making flexibility virtually nonexistent. But life isn’t always that simple when clients come with legacy positions, sentimental holdings, unrealized gains, or inefficient portfolios. Then it becomes your job to build a plan and execute it perfectly.

That’s where the Nitrogen Trading dashboard comes in. Nitrogen Trading scans every single client account every night scanning for things like Risk Number drift, cash distributions, tax-loss harvesting opportunities, model changes, and more.

Nitrogen Trading surfaces the right decision you need to make every single time allowing you to focus more time on client relationships and growing your business rather than manual trades with pen and paper.

Now it’s as simple as approving or snoozing each trade and moving on with your day. But what if you need to make edits to those individual trade lists? Today, we’re adding editable trade lists into Nitrogen Trading and I’d love to show you.


 

Today, we’re adding editable trade lists into Nitrogen Trading!

 


When it’s time to review your trade lists, you’ll navigate to the Trading Dashboard. Here, you can select any account to view the trades that Nitrogen Trading has generated. When you select Trade Details, you’re able to view the entire list of buys and sells that have been generated. Pretty cool!

This is my favorite part of Trading Dashboard — from here you can view all of the information pertaining to an account that needs to be traded including the Risk Number of the account, the trade reasons, the estimated cash generated, the list of buys and sells, the price, and position amount.

By default, approving the trades on this account would process each of these buys and sells, however, you can easily remove any trade you’d prefer to not process. Once you’ve chosen to remove a trade (or multiple trades), Nitrogen Trading will re-run the rebalance engine and calculate new statistics for the shares, total value, gain/loss, Risk Number, positions, and estimated cash generated.

And if you decide that removing a trade just wasn’t the right move for your client, you can just as easily add it right back into the mix.

Once you’re happy with the final set of buys and sells, you can easily dive into our Intelligent Tax Optimization to optimize your trades, or simply approve the trades. Whether you’re generating easy-to-use spreadsheets, custodian trade files, or sending off trades via Connected Trading, Nitrogen Trading is the fastest way to ensure that all of your client accounts are on target and are executing the trades that you want!

If you are not currently a Nitrogen Trading customer, we’d love to show you around.

If Nitrogen Trading is something you are considering for your business, we’ve got the world’s best onboarding team. With our dedicated onboarding managers and comprehensive training, we’ll make your onboarding process onto Nitrogen Trading a breeze.

Favoriting Funds in Discovery

Headlining the Fearless Investing Summit in October was the launch of our new lightning-fast fund screening solution: Discovery. It’s the most intelligent way to search the universe of securities to find the perfect fit for your clients and their portfolios. 

With 13 different filters, a natural language search engine, and detailed analysis on more than one million securities, Discovery is the most beautiful, intelligent way to find the securities your clients need most.

In the four months since we launched, thousands of advisors have used Discovery to find funds based on the criteria that matters most. The number one thing we’ve learned over the past six months is that advisors LOVE using Discovery…


“Discovery is just RIDICULOUS!! Love it!!!”

– Glen, Advisor in Maryland

 “Discovery is the reason why I stopped
using [my old technology].”
– Tom, Advisor in California

“Love the new Discovery feature!”

– Chris, CIO in Kansas


We’re so encouraged, and we’re just getting started. Our development team has been working hard to build more functionality to our search and filter capabilities, and today is another big milestone.


Introducing Fund Favoriting in Discovery!


The next time you open Discovery, you’ll see every fund has a small star next to it. It really is as simple as punching in your filters, clicking that star, and adding the security to your favorites!

GIF that shows how your advisors can favorite a fund by clicking a star next to it through our wealth management platform's Discovery feature. ezgif.com-gif-maker (2)

When you are ready to recall those favorites, simply navigate to the filter named “Favorites” in the upper left-hand corner and you’ll see every fund you’ve ever favorited.

ezgif.com-gif-maker (3)
GIF that shows how your advisors see their favorited funds with our wealth management platform’s Discovery feature.

If you are currently on Nitrogen Select or Nitrogen Elite, you’ve already got access to Discovery! Our team is working hard to add new functionality to Discovery, so stay tuned for some exciting new updates in the coming weeks!

Not currently using Discovery? Request a demo here and a specialist would love to help out!

Chat Now