Fintech Pontera partners with Captrust

investmentnews.com:

Pontera, a fintech firm that specializes in helping advisors manage 401(k) accounts more effectively, has announced another collaboration to help advisors meet the evolving needs of retirement savers.

Under the new partnership with RIA Captrust Financial Advisors, Pontera’s software will be integrated into the Captrust tech ecosystem, giving its financial advisors more advanced tools to offer comprehensive wealth planning and investment advice.

The integration is expected to facilitate better management across client portfolios and accounts, including employer-sponsored retirement plans.

Pontera’s latest partnership comes as the broader picture of retirement security for US workers continues to grow more clouded. One 2023 Gallup poll revealed that 59% of retirees rely on Social Security as a primary income source, with projections suggesting Social Security trust funds may be depleted by 2034, which could lead to a cut in benefits if Congress doesn’t come up with a solution.

“Captrust and Pontera are united in the belief that every investor can benefit from receiving personalized wealth management from a trusted and unbiased financial advisor,” Eddie Welch, Captrust’s head of wealth management, said in a statement.

Captrust is a significant entity in the retirement plan advice and wealth management sector, with more than 1,500 employees spread across 90 locations nationwide. As of September 30, the firm oversaw assets totaling over $817 billion, including $668 billion in nondiscretionary assets under advisement and $149 billion in discretionary managed account assets.

Pontera’s platform provides a secure, client-permissioned tool allowing advisors to manage assets in various retirement accounts, including 401(k)s and