“Today’s investors have an unprecedented level of control over their assets, but the current market environment is a reminder that having access to an advisor’s personal touch is still beneficial.”
Broadridge Financial Solutions partners with open finance specialist MX to take advantage of their financial data aggregation and personalized financial management automation solutions.
The move will help provide financial advisors with an innovative holistic view of all aspects of an investor’s financial journey, thereby optimizing advisor productivity and insights for client growth and transformation.
Complete access to actionable information
A 360-degree view of the client gives financial advisors complete access to actionable information about their client’s assets and liabilities, enabling them to make the right recommendations for long-term financial success—a personalized Enables you to deliver financial insights at scale.
Mike Alexander, President of Wealth Management at Broadridge, said:
“Through this strategic partnership with MX, we ensure that advisor responses are not only personal, but timely, intelligent and data-driven. Broadridge Investment Data Combining our expertise with MX’s deep understanding of the frictionless money experience, our financial advisor clients are turning to a new comprehensive service offering a more personal and holistic view into their financial planning. You will have access.”
Don Parker, MX’s Executive Vice President of Partnerships, commented: MX makes data accessible and actionable, and our partnership with Broadridge helps advisors and investors build a stronger, more modern data infrastructure. “
Integrated and embedded in Broadridge’s data aggregation solutions, MX Tools provides advisors with a robust suite of financial wellness capabilities, easy-to-use digital tools that provide insight into the day-to-day financial lives of clients.
MX is led by Jim Magats
MX is now led by Jim Magats, who joined fintech from Paypal after being appointed CEO in July.
He spent 18 years in senior management positions at PayPal Inc., spearheading the company’s journey to becoming one of the world’s most valuable and innovative fintech companies. He was a member of his 12-person operating group at PayPal and was responsible for ensuring the organization met its strategic and financial goals.
As senior vice president of Omni Payments Solutions, he oversaw PayPal’s open banking strategy and solutions and partnership network of over 150 financial institutions and networks.
In August, the company hired former PayPal’s Wes Hummel as chief technology officer to oversee the company’s engineering and information security teams, reporting to MX chief executive Jim Magats.
Wes Hummel has spent the last 25 years building global engineering teams in financial services. Most recently, he served as VP of Engineering for PayPal’s Site Reliability and Cloud. At Paypal, he was responsible for creating the vision and strategic direction of the company’s infrastructure and operations, with a focus on security, availability, quality, enablement, modernization, and efficiency.
