Pontera, the fintech company helping retirement savers receive professional 401(k) management from their trusted financial advisor, and Kovack Financial Network (“Kovack”), a privately-owned investment advisor and broker-dealer, have announced their partnership following Kovack’s recent annual national conference in Fort Lauderdale. Through this partnership, Kovack financial advisors are now equipped to offer secure and compliant 401(k) management as part of their core practice.
As the median American family holds more than half of their net worth in their retirement plan accounts, Kovack-affiliated advisors can now ensure these critical assets are not left behind.
“Kovack advisors have communicated a growing need to better support clients with retirement plan accounts,” said Kovack Vice-President of Practice Management & Due Diligence Chris Yarosh. “Pontera has effectively addressed operational and compliance challenges related to held-away assets including 401(k)s, 403(b)s, and more. We remain committed to providing advisors with innovative solutions like Pontera to expand their service value and practice.”
Kovack serves as a one-stop shop to support independent advisors. Now with Pontera, Kovack-affiliated advisors can analyze, monitor, rebalance, and bill on clients’ retirement plan accounts as part of a comprehensive financial strategy for their families. Pontera also integrates with Kovack advisors’ existing portfolio management tools, BNY Mellon’s Pershing X Wove and Envestnet platforms, enabling unified performance reporting for clients.
“Holistic retirement account management yields significant client value and peace of mind,” said Peter Nolan, VP Enterprise Sales & Partnerships at Pontera. “We are proud to partner with Kovack to launch this service to their client base. Kovack’s robust relationship between leadership and its affiliated advisors creates a strong foundation for embracing technology to deliver superior client outcomes.”
Established in April 1997, Kovack Financial Network encompasses Kovack Advisors, Inc., an SEC Registered Investment Advisor, and Kovack Securities, Inc., a Member FINRA/SIPC Broker-Dealer. The firm is headquartered in Fort Lauderdale, FL and partners with advisors in all 50 states, overseeing over $13 billion in client assets under management. To learn more, visit joinkfn.com.
Stay Ahead of the Financial Curve with Our Latest Fintech News Updates!