In the recent FTF News Technology Innovation Awards, Actua Corp (NASDAQ:ACTA) FolioDynamix was given recognition for their innovative platform.
The FTF News Awards gives recognition to professionals, financial technology vendors, service providers, industry bodies and regulators who have made groundbreaking achievements in operational excellence.
The platform by FolioDynamix, formerly known as ICG Group, competed with other groundbreaking, standalone offerings and cutting-edge combinations of new and established technologies.
FolioDynamix’s platform is a unified web-based wealth management technology platform that is used in the full wealth management lifecycle across all account types. These include unified managed account (UMA) and unified managed household (UMH) programs.
As one of the leading providers of wealth management technology and advisory services, FolioDynamix was honored to receiv the award. Joe Mrak, CEO of FolioDynamix said that the award shows that they are dedicated to contributing to the transformation of the wealth management industry through the platform.
Steve Dunlap, President and COO of FolioDynamix, highlighted the company’s flexibility. As an example, he cited the solutions that the company built in the advent of the new fiduciary rule. The solutions allow firms and advisors to synch advisory options with technology.
FolioDynamix also announced that they will soon be launching FolioDynamix 8.0. The new platform will feature an interface that was completely overhauled while keeping improving user experience and empowering advisors in mind.
In their first quarter earnings report, Actua Corporation reported revenue to be at $34.6 million, a 13% increase from the same period last year. This is only a bit higher than analysts’ expectations of $34.45 million. Earnings per share were reported at $0.11, lower by $0.03 than the estimated $0.14. During the first quarter last year, the company earned $0.10 EPS.