FusionIQ, a leading provider of cloud-based wealth management solutions, joins forces with Kinecta Federal Credit Union in a strategic partnership aimed at enhancing digital investing services for financial institutions.
This collaboration stems from the necessity to cater to the evolving demands of banking and credit union landscapes. The FusionIQ One digital platform integrates seamlessly with Kinecta’s vision of empowering members to achieve their optimal financial well-being.
FusionIQ specialises in equipping financial advisors and institutions with innovative digital wealth solutions. Their digital platform offers modules such as digital advice, self-directed investing, Digital Model Marketplace, and finTAMP, ensuring a comprehensive digital transformation for institutions. With a focus on a pay-as-you-grow approach, FusionIQ enables effortless scaling for credit unions, banks, RIAs, independent broker-dealers, and asset managers.
Kinecta Federal Credit Union, boasts assets worth $6.7bn and over 270,000 members across the country. For more than 80 years, Kinecta has provided a diverse array of financial products, including banking, lending, insurance, and wealth management services. Notably, the credit union has received prestigious awards acknowledging its commitment to diversity, equity, inclusion, and technological innovation.
Mark Healy, Chief Executive Officer of FusionIQ, said, “There’s mounting evidence that traditional small accounts solutions have not evolved to properly service and meet the growing demands of institutions in the banking and credit union space. We’re excited to partner with Kinecta on their digital transformation, delivering proven digital investing solutions that align with their mission of empowering their members to live their best financial lives.”
“Our focus is on helping our clients become digital wealth leaders. This partnership is another victory for the credit union space at a time when more credit union members are asking their institutions to keep pace with their digital investing preferences. Some of the largest credit unions and banks already are strategically aligned with FusionIQ – using our white-label technology to deliver an experience that leads to greater advisor-client engagement and higher levels of member retention. We look forward to the future of the industry, defined by increased investment revenue and diversification as the democratisation of investing builds stronger institutions,” Healy added.
Donna McNeely, President of Kinecta Wealth Management, said, “Here at Kinecta, we recognised our membership needed an investing solution that was designed to align with a digitally driven demographic. FusionIQ provides a turnkey offering that goes beyond a tech solution. Ours is a strategic partnership, and we look forward to expanding member services.”
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