UPTIQ, a provider of holistic wealth management solutions for the financial services industry, this week welcomed Focus Financial Partners to its client roster. Focus Financial Partners is a partnership of independent, fiduciary wealth management firms. Utilizing UPTIQ’s artificial intelligence-enabled technology, Focus will expand its ability to deliver lending solutions to its partner firms’ advisor teams.
In 2022, Focus Financial Partners advised on billions of dollars of loans for its partner firms’ clients. To meet future demand, Focus said it selected UPTIQ’s Advisor Lending platform to help its 90 partner firms position and fulfill loans and credit solutions for their clients. With a combined lender network of more than 130 banks, credit unions, and non-bank lenders, this partnership opens the door to growth and innovation for both firms.
Since 2022, UPTIQ has expanded available capabilities for registered investment advisors to meet clients’ lending needs. UPTIQ said its Advisor Lending platform opens up new avenues for advisors to help their clients obtain liquidity without disrupting their investment strategies or retirement plans. UPTIQ helps financial advisors to position credit solutions to their clients, using artificial intelligence and a digital interface to match clients with the right loan products and lenders who can fund a wide variety of liquidity needs.
“The growth in demand for loan and credit solutions among Focus partner firms is on trend with what we are seeing in the market,” UPTIQ founder and CEO Snehal Fulzele said. “We are thrilled to be working with Focus to deliver the UPTIQ Advisor Lending platform to the Focus Client Solutions team and Focus’ portfolio of partner firms, and we look forward to helping Focus partner firms manage client assets, strengthen client relationships and deliver financial flexibility to their clients.”
“Ultra-high and high net worth clients need traditional and specialized credit and lending solutions,” said Rudy Adolf, founder and CEO of Focus. “Over the last four years, our partner firms have been called on again and again to deliver tailored cash and credit solutions to their clients. Our partnership with UPTIQ gives Focus Client Solutions the ability to scale and meet the evolving needs of our partner firms and deliver value that enhances the services they provide.”
“UPTIQ is a force-multiplier for us,” added Steven Canup, managing director of Focus Client Solutions. “Not only will (it) automate and digitize our business, (it) gives us the ability to offer a wider range of loan products and lenders to our partner firms. Since its inception, Focus Client Solutions has been concentrating on helping Focus’ partner firms deepen client relationships through expanded wealth management-adjacent services and personalized client solutions. Our partnership with UPTIQ is a testament to our commitment to serving our partner firms and maximizing the value they deliver to their clients.”