FusionIQ introduces FIQ Freedom

Game-changing solution for independent advisors a defining leap forward for RIAs
PRNewswireMay 3, 20245 min

FusionIQ, a leader in the delivery of cloud-based wealth management solutions with their all-in-one digital platform for financial advisors and institutions, announced the launch of FIQ Freedom, the latest addition to its suite of innovative products on the FusionIQ One platform. FIQ Freedom empowers advisors thinking of breaking away to the freedom of a more entrepreneurial business model by supporting a comprehensive, turnkey platform tailored to their needs that enables them to transition to independence swiftly and confidently.

“We’re excited to introduce FIQ Freedom, a pioneering solution that redefines the journey to independence for financial advisors,” saidĀ Mark Healy, Chief Executive Officer of FusionIQ. “With FIQ Freedom, advisors can break away from conventional RIA models and embrace a new era of autonomy, efficiency, and client-centricity as digital wealth leaders.”

FIQ Freedom streamlines the transition process, offering a turnkey white-label wealth management platform that delivers a modern advisor and client experience in as little as six weeks. The platform features sophisticated rep as portfolio manager (Rep as PM) tools, a seamless workflow connecting the front, middle, and back offices, and process automations designed to scale advisors for success.

“FIQ Freedom represents a significant leap forward in empowering advisors to build their practices on their terms,” saidĀ John Guthery, Chief Investment Officer at FusionIQ. “From streamlined compliance to customizable risk tolerance assessments and sophisticated Rep as PM tools that make building, managing, analyzing, and rebalancing models easy, cost-effective, and painless across client accounts, FIQ Freedom equips advisors with the technology and support they need to thrive in an ever-evolving industry.”

Key features of FIQ Freedom include streamlined digital compliance, fast and flexible client onboarding, customizable risk tolerance, and the ability to have advisor models sit next to third-party strategies. With streamlined digital compliance, advisors have tools that automate tracking of Anti-Money Laundering (AML), incorporate Know Your Customer (KYC) processes, and focus on collecting and verifying customer information through a Customer Identification Program (CIP), reducing manual effort and paperwork in a compliant-friendly middle office.

FIQ Freedom’s fast, flexible 100% digital client onboarding process offers client-driven, rep-assisted, or advisor-led onboarding options. The customized risk tolerance questionnaire that is available with the solution tailors risk tolerance questionnaires and scoring to accommodate the preferences of each advisor. Data security compliance is a top priority, and a digital Advisor Workstation puts professionals in control of their practice with a dashboard that delivers a consolidated view of their entire book of business.

“Our mission at FusionIQ is to make it easy for financial advisors and institutions to lead the digital wealth revolution,” Mr. Healy concluded. “With FIQ Freedom, we’re providing advisors with the advanced portfolio management tools, dedicated operational and technical support, and flexibility they need to thrive in today’s fast-changing landscape.”

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