BOSTON, MA, January 19, 2010 – With financial advisors seeking a comprehensive view of all assets in a household so better results can be produced for clients – often called a unified managed household (UMH) – two leaders in delivering UMH capabilities, Albridge Solutions, a PNC Company and LifeYield, LLC, have partnered, LifeYield, LLC announced today.
Albridge provides wealth management services for financial advisors, which deliver an accurate, single view of all their clients’ assets. Albridge consolidates client account data from hundreds of disparate sources – proprietary, banking, brokerage, insurance, retirement, alternatives, trusts, etc. – making it the industry’s most scalable and reliable enterprise wealth management solution.
LifeYield suggests the most tax efficient trades to grow and withdraw assets across an entire household, including all taxable and
“This is a great match,” said Mark Hoffman, CEO
An account consolidation leader in the independent broker/dealer community, Albridge provides services to a significant number of the top firms and financial advisors. Cerulli & Associates says the independent broker/dealer segment is the fastest growing segment of the U.S. advisor sector and will control more than 40% of U.S. investible assets by 2013. LifeYield will work with Albridge client firms to provide services that will produce more accumulated assets and income in retirement by minimizing taxes and maintaining the desired household asset allocation.