PLATFORM DELIVERS COMPETITIVE ADVANTAGE TO THE INDEPENDENT ADVISOR CHANNEL
TORONTO, April 16, 2019 /CNW/ - Agora Dealer Services, a new Carrying Dealer focused on supporting independent advisors and dealers, launched its wealth management platform today featuring low cost and zero cost nominee and fee-for service account options. Working in partnership with independent dealers and their advisors, Agora's software solution creates a new investment ecosystem designed to better support Canadian investors' needs.
The Agora platform revolutionizes industry collaboration by bringing together fund investment products, technology capabilities and practice management tools for the independent advice channel to provide unbiased investment solutions. Agora partners with independent dealers to provide integrated workflow solutions and streamlined administration to give advisors more time to focus on what is most important: delivering client advice.
The wealth management industry is at an inflection point. The independent dealer and advisor channel represent a significant number of advisors in Canada and is a vital part of the investment community. In an industry dominated by large institutions, the independent advisory channel provides Canadian investors with independent, customized advice. However, with increasing regulatory requirements, compressed margins and competition from robo-advisors and large financial institutions, there is a critical need in the independent advice channel for new dealer technology and superior service.
As a solution for these advisors, their dealers and the parties and products that support them, Agora Dealer Services has envisioned and executed a platform that provides seamless coordination of administration and products. Most importantly, dealers, advisors and their suppliers and supporters will be able to benefit from all this innovation and more with competitive pricing and no transfer out fees.
"Our goal is to exclusively support independent dealers and advisors," said Mr. Paul Morford, Chief Executive Officer of Agora Dealer Services (Holding) Corp. "Technology should support, not replace, the advisor."
"We are providing advisors and their dealers with a wealth of entirely new and dynamic capabilities to help them compete in today's marketplace," said Mr. Jeff Thorsteinson, Chief Operating Officer of Agora Dealer Services (Holding) Corp. "They can focus on their clients while Agora does the heavy lifting in the background."
About Agora Dealer Services Corp. Agora was borne of a clear vision. It is the inspiration of a team of seasoned industry experts with a deep understanding of the current challenges faced by the independent advisor channel. Agora empowers dealers to be nimble and evolve with the changing needs of advisors and their clients and to access and utilize new technologies and investment solutions as they come to market. The company is committed to enhancing its dynamic platform, collaborating with dealers and product providers while providing deep bench strength with practice management resources. These new capabilities will help independent mutual fund advisors grow effective practices and scale to compete today and into the future. For more information visit www.agoracorp.ca.
Agora Dealers Service Corp. is a new MFDA Level 4 Carrying Dealer. It is wholly owned by Agora Dealer Services (Holding) Corp. a private company.