Financial Technology

Financial Technology

July 27, 2012

Matrix Financial Solutions Launches Enhanced Version of its Matrix RetireTool(k)it

Matrix Financial Solutions, a part of Broadridge Financial Solutions, has announced launch of an enhanced version of its Matrix RetireTool(k)it that features a more user-friendly fund selection and monitoring process, an updated plan proposal generator. Matrix Financial Solutions is a leading provider of TrueOpen Architecture retirement plan products and services for broker/dealers, financial advisors and third party administrators.

The robust Matrix RetireTool(k)it solution supports new U.S. Department of Labor regulations. It contains data from Morningstar and an updated database of more than 25,000 fund options. The Broker/Dealer Platform incorporates plan data feed and level compensation services, as well as the RetireTool(k)it advisor desktop applications.

RetireTool(k)it is part of the Matrix Broker/Dealer Platform, an integrated suite of retirement planning products and services. Matrix has designed its products and services to help broker/dealer firms and RIAs more successfully navigate the retirement plan process by improving efficiencies, and offering assistance in supporting regulatory mandates.

In a press release, John Moody, president, Matrix Financial Solutions, said, “The new version of RetireTool(k)it is another example of us listening to our clients and understanding the changing financial services landscape. With new regulations impacting the retirement plan market, in particular, organizations are scrambling to stay current, be in compliance and win new business. RetireTool(k)it’s enhanced user interface and improved logic supports all these initiatives and enables clients to streamline the process – all in our industry-leading TrueOpen Architecture environment that provides a clear competitive advantage.”

Matrix Financial Solutions keeps on improving its offering to better serve its customers. The company had enhanced its core mutual fund trading platform recently. The expanded Matrix product and service offering will help financial services firms and financial advisors more successfully navigate the retirement plan process, generate new business opportunities and comply with regulatory changes, all in an open architecture environment.

Matrix Financial Solutions was recently in news when UBS added Matrix Financial Solutions to its select qualified plan platform. Matrix will provide its plan data feed service, part of the newly launched Matrix Broker/Dealer (BD) solutions suite, to UBS Wealth Management US.

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Edited by Brooke Neuman

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