NEW YORK, June 8, 2016 /PRNewswire/ -- Silver Management Group, Inc., a trusted provider of business and technology solutions for investment services companies, announced today its strategic partnership with FinTech Studios, Inc., a groundbreaking cloud-based platform of disruptive financial technology apps and big-data analytic products operated in conjunction with leading software companies, financial institutions, and data providers.
Silver and FinTech Studios are deploying Silver's proprietary Cost Basis, Fee Billing, and Portfolio Data software solutions within FinTech Studios' cloud platform, enabling broader market opportunities, faster deployments, seamless integration, unlimited scalability, cost savings, and fully-managed business and technical operations. According to Blake Henry, Silver's Founder and Managing Partner, "Our strategic relationship with FinTech Studios greatly accelerates Silver's plans to deliver enterprise-class brokerage processing solutions to clients of all sizes."
The firms are also working together to develop new and unique functionality by integrating Silver's Portfolio Data Solution with FinTech Studios' Apollo™, a revolutionary "big-data" investment news, research, and analytics service designed for investors, portfolio managers, research analysts, hedge funds, banks, brokerage firms, RIA's, advisory firms, private equity firms, venture capital firms, family offices, media companies, and others. "We are excited to enrich Apollo™ with the comprehensive account, client, and investment data made available by Silver's Portfolio Data Solution," said FinTech Studio CEO Jim Tousignant. "The fully integrated products will provide investment advisors and their clients with highly relevant and actionable information and financial data, specifically tailored to their current investment holdings."
About Silver Management Group, Inc.
Silver Management is a leading provider of business and technology solutions for the investment services industry. The Silver team applies decades of securities industry and software development experience along with a passion for solving real-world problems to deliver cost-effective brokerage operations, cost basis reporting, and wealth management solutions for our clients. Silver's strategic partners provide complementary services, software, and market data to enhance the Silver Solutions. Silver's proprietary software solutions are currently used by some of the world's most respected financial institutions to process tens of millions of investment accounts and more than $1 trillion in assets every day.
For more information about Silver Management, please visit www.silvermanagement.com.
About FinTech Studios, Inc.
FinTech Studios develops and markets a cloud-based platform of curated, disruptive FinTech apps and big-data financial analytic products in partnership with leading FinTech startups, financial institutions, data providers, and strategic partners. FinTech Studios was founded in 2014 by Jim Tousignant, previously co-founder and President of Multex, a leading online platform of brokerage research, fundamental data, and earnings estimates that went public in 1999 and achieved a market cap of $1.5 billion. FinTech Studios' apps, financial analytics, and collaboration tools consolidate and integrate content from millions of online sources and proprietary databases with powerful search technology, analytics, sharing, and collaboration tools, providing the most timely and relevant business and financial insight.
For more information about FinTech Studios, please visit www.fintechstudios.com.
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SOURCE Silver Management Group, Inc.