inStream Named by Morningstar as “Innovation of the Year” and a Winner of a 2012 “Best in Tech for Advisors” Award
~ inStream’s Wealth Management Platform Recognized for the Potential to Change the Way Advisors Develop, Monitor and Implement Financial Plans
Tysons Corner, VA. December 28, 2012. inStream Solutions announced today the selection by Morningstar as the “Innovation of the Year” and a winner of a “2012 Best in Tech for Advisors” award. Given annually, Morningstar recognizes the top technology initiatives, platforms, products and services that positions financial services firms to capitalize on opportunities made possible through innovative technology.
“We are extremely pleased to have been selected by Morningstar for this prestigious innovation award,” said Alex Murguia, CEO of inStream Solutions. “We have a very talented team of technologists and financial advisors that are actively working to transform the industry for advisors, making them more productive, efficient and able to offer a higher level of service to their clients.”
According to Bill Winterberg, Morningstar columnist and Publisher of FPPad.com, “The Innovation of the Year award is given to a product or service that introduces a new business practice or service experience to the financial services industry. Innovative tools transform the way advisors interact with clients, enhance personal and organizational efficiency, or enable the delivery of new services not possible or practical in the past.”
inStream Solution’s end-to-end platform provides advisors with a robust system for easily developing, monitoring and implementing financial plans for their clients. By integrating client contact management tools with smart financial calculators and an online product marketplace, advisors using inStream Solutions are able to be proactive in identifying planning opportunities and financial marketplace solutions for their clients. Additionally, with the “crowd-sourcing” best practices functionality, inStream enables advisors to benefit from their peers’ knowledge, experience and advice for managing client situations.
“Advisors always have told us that they look to their industry advisory peers to learn about the latest financial and investment planning techniques and approaches,” said Zohar Swaine, President of inStream Solutions. “Our cloud based structure and innovative integration of this feedback loop will go a long way towards expanding advisors networks and ability to tap into best practices in real time.”
In his award description http://advisors.morningstar.com/advisor/t/68115610/2012-s-best-tech-for-advisors.htm, Winterberg summarized and concluded, “Proactively alerting advisors to new planning opportunities and providing the ability to view trends in a knowledge base of financial plans is what excites me about inStream’s potential going forward, earning it well-deserved recognition as the most innovative product for advisors this year.”
For more information, please logon to www.inStreamWealth.com.
About inStream Solutions
inStream Solutions develops wealth management technologies designed to help financial advisors enhance the service they provide to their clients. Developed as an entrepreneurial initiative of the wealth management firm McLean Asset Management before being spun off, inStream Solutions is a unique platform created by financial advisors, for financial advisors. www.instreamwealth.com