Pave Finance, a Wealthtech that supports investment advisors, is now integrated on Fidelity, one of the largest brokerages and RIA custodians.
Pave is said to save advisors up to 18 hours per week through automation.
Registered investment advisors (RIAs) will be now able to connect their Fidelity client accounts directly to Pave for automated portfolio construction, management, and trading.
The Fidelity platform provides access to over 3,400 advisory firms.
Christopher Ainsworth, CEO of Pave Finance, says the integration extends their automated wealth management solutions to Fidelity’s base of high-value RIA clients.
“Our seamless, time-saving technology has consistently outperformed major market indices over the past decade, and we believe Pave belongs in every RIA’s toolkit. This integration marks an important step forward in expanding our reach and accelerating Pave’s mission of bringing greater automation to wealth management and expanding RIAs’ personalization capabilities.”
Pave touts that its platform has outperformed the S&P 500 by an average of 285 basis points annually.