CashEdge and Ticoon to Deliver First Live "Web Based" Aggregated Wealth Management Platform
Toronto, Canada – May 1, 2002 —IPC Financial Network Inc. through its financial planning subsidiary, Investment Planning Counsel of Canada (IPCC) has partnered with CashEdge, a U.S.-based technology company that delivers advanced account aggregation and online money movement platforms, and Ticoon Technology Inc. (Ticoon), a Toronto-based Wealth Management solution provider, to launch the first wealth management application that links account aggregation in a live environment. The new application has been launched as a pilot and will be made available across IPCC's Canadian advisor network through the IPCC branded 'IPC Online.'
The Web-based solution utilizes CashEdge's advanced account aggregation platform to collect and populate Ticoon's wealth management software with live account balance and transactional data.
The solution enables IPCC clients to aggregate information from their banking, brokerage and credit card accounts into a single dashboard view from more than 40 Canadian financial institutions. IPCC clients are also able to select the accounts they want their advisor to view, categorize the aggregated transactions within their personal budget, and test 'what-if' scenarios based on their financial situation.
"Coupling aggregation with our goal-planning wealth management solution will provide our advisors with a truly consolidated view of their clients' financial lives. It will also provide our advisors with tools for managing their client base, communicating critical information, and better serving their clients' needs. IPCC advisors will have the ability to provide their clients with access to their own personal financial management Web sites. This is the first application of this nature in the advice giving channel and a significant value advantage for both our advisors and their clients," explained Chris Reynolds, President of IPCC.
"This is a watershed event in the advisor-client online relationship. Together with Ticoon, we are delivering the first-ever live aggregated wealth management solution," said Sanjeev Dheer, CEO of CashEdge. "A pioneer in aggregation, CashEdge has helped Canada's largest banks to realize the potential for aggregation. This is a natural evolution for our aggregation product: to revolutionize the growing wealth management market by empowering advisors to provide their clients with comprehensive, current financial information," he added.
IPC Financial Network Inc. is building a diversified financial service company that is focusing on the highly fragmented financial planning industry. IPC has developed a strategy that marries the needs of the planners with that of the company. IPC's intent is to be the premier choice among financial planners who are dedicated to serving the needs of their clients.
IPC trades on the Canadian Venture Exchange under stock symbol "IPC."
The Canadian Venture Exchange has neither approved nor disapproved of the information contained herein.
CashEdge delivers secure Advanced Account Aggregation and Online Money Movement platforms that power specialized retail banking and advisor applications. These proven, highly secure solutions attract customers, generate revenues and reduce costs for CashEdge clients. CashEdge serves top-tier financial institutions around the world including Vanguard, RBC Financial Group, CIBC, TD Canada Trust, Laurentian Bank and Yahoo! Finance. CashEdge solutions are also available through our strategic partners including Financial Fusion, and 724 Solutions. CashEdge has offices in New York, Silicon Valley and Toronto.
Ticoon Technology Inc. is a Toronto based software development company providing Goal-Centric Wealth Management(TM) solutions to financial institutions. Ticoon combines client relationship management, communication, marketing and product sales tools into a Web-based application that automates and streamlines the advisor's client acquisition, client retention and product marketing processes. The solution also provides each of the advisor's clients with an online personal financial management & goal planning Web site that enables them to collaborate with their advisor in a secure, online environment, and better manage their finances and life goals.