Money Management Executive

Oppenheimer SMA Subsidiary Turns to CheckFree

Published August 19, 2003, 1:00 a.m. EDT

1 Min Read

OFI Private Investments, a subsidiary of OppenheimerFunds, has selected CheckFree Corp.s separately managed accounts Web application, M-Pact. The open-architecture software handles proposals, sales and investment management and is compatible with the numerous platforms that broker/dealers and registered investment advisors use to sell separately managed accounts. In addition, clients can private label services through M-Pact. Oppenheimer had already been using CheckFrees APL, its trading and portfolio management tool.

Processing Content

"CheckFree M-Pact enables managers to sell more accounts and better service their sponsor relationships, because it offers comprehensive [SMA] data and tools," said Alex Marasco, executive vice president and general manager at CheckFree. Jennifer Sexton, vice president and director of managed accounts at OFI, said her firm selected CheckFree because of its sales and marketing strengths. "Opening access to better analytics of manager data and manager blends will help us sell our success story more persuasively."

For reprint and licensing requests for this article, click here.

Money Management Executive

MORE FROM FINANCIAL PLANNING

Wealth management

AI fuels some RIA hiring plans, dampens others: Cerulli

Research from Cerulli Associates suggests that many RIAs have a long way to go with AI adoption while already finding possible ramifications for back-office staff.

By Dan Shaw
Reporter

September 11
Real estate investments

Opportunity zone revisions give advisors a new tool for clients with big gains

Advisors can leverage the updated opportunity zone program, starting in January, to help ultrahigh net worth clients defer capital gains.

By Zoe Sagalow
Reporter

September 11
Artificial Intelligence

When vibe coding goes wrong: The risks advisors can't ignore

As advisors rush to build their own AI tools, experts warn that guardrails need to cover data going in, not just data going out.

By Grace L. Williams
Reporter

September 11
Artificial Intelligence

How advisors can stay visible as search shifts to AI

A deal between XY Planning Network and Wealthtender illustrates how quickly the search landscape is changing and the new ways advisors must adapt to find prospects in an AI era.

By Staff report

September 10
Professional development

Following Focus success, LPL advisors to launch Pride forum in 2027

A gathering for LGBTQ advisors and allies the day before LPL's flagship Focus conference drew executives, big-name sponsors and a standing-room crowd. So Marci Bair and other organizers are planning a standalone event next spring.

By Tobias Salinger
Chief Correspondent

September 10
Retirement planning

5 ways advisors can help clients maximize 401(k) savings

Today is National 401(k) Day, and a perfect moment to revisit retirement plans. Advisors can use these five strategies — from IRA rollovers to next-gen outreach — to help clients optimize their savings.

By Zoe Sagalow
Reporter

September 10

Load More