By Setting Qualification & Approval
Expectations Upfront, the Advisor Credit Exchange Further
Simplifies Access to an Easy, Quick Way to Achieve Liquidity
Without Selling Assets
BERWYN,
Pa., May 11, 2023 /PRNewswire/ -- The Advisor
Credit Exchange (ACE) has rolled out updates to its unified lending
platform, ACx, making it easier for financial advisors to identify
signature loans to be part of a diversified credit portfolio for
helping clients obtain short-term, immediate liquidity.
Signature loans don't require borrowers to pledge collateral.
Instead, borrowers only need to sign that they agree to repay the
loans over the designated period. ACE provides advisors with access
to signature loans from high-quality lenders, which can potentially
meet the needs of clients with a broad spectrum of credit profiles.
Advisors can also receive on-demand support from subject matter
experts and credit coaches who can help them fully integrate
lending into their practices and value propositions.
The updates to ACE's signature loan offering empower advisors
to:
- Set Qualification Expectations: The ACx platform can
further identify which types of signature loans and terms clients
would most likely qualify for.
- Make Best-Fit Proposals: Armed with the upfront
pre-qualification, advisors can help clients identify the signature
loan that would best meet their particular needs.
"These enhancements can give advisors and their clients a
liquidity option that does not require a sale of, or pledging of,
assets," said Peter Stanton,
Chief Executive Officer of Advisor Credit Exchange. "Finding
providers of signature loan options, along with competitive rates
and execution, is often challenging and time-consuming for
advisors. Upfront pre-qualification, combined with best-practices
sales and approval support within an easy-to-use, holistic credit
ecosystem, empowers advisors to navigate the complexities of
lending while delivering a positive client experience."
The updates to ACE's signature loan offering are also available
to advisors that utilize the Envestnet Credit Exchange, which is
powered by ACx technology.
Leveraged together, ACE's signature (unsecured), residential
real estate, and securities-backed loans enable advisors to address
a significant financial need typically unmet by traditional asset
management practices. To learn more, advisors can reach out to ACE
at https://advisorcreditexchange.com/contact/.
About Advisor Credit Exchange, LLC
The Advisor Credit Exchange (ACE) is a technology-empowered
network that brings together lenders and wealth managers, enabling
investment firms and advisors to deliver financing solutions to
build their clients' net worth and meet their financial goals. By
integrating liability management with asset management and
protection solutions, ACE has created new opportunities for
advisors to help clients achieve financial wellness.
For more information on the Advisor Credit Exchange, please
visit www.advisorcreditexchange.com.
Envestnet, Inc. has a financial interest and occupies board
of director positions in the Advisor Credit Exchange. ACE provides
lending solutions to advisors and their clients via the Envestnet
platform through Envestnet's affiliate, Envestnet Financial
Technologies.
About Envestnet
Envestnet is transforming the way financial advice is delivered
through an ecosystem of technology, solutions, and intelligence. By
establishing the connections between people's daily financial
decisions and long-term financial goals, Envestnet empowers them to
make better sense of their finances and live an Intelligent
Financial Life™. With $5
trillion in platform assets, approximately 106,000 advisors,
16 of the 20 largest U.S. banks, 47 of the 50 largest wealth
management and brokerage firms, more than 500 of the largest RIAs,
and thousands of companies depend on Envestnet technology and
services to help drive better outcomes for their businesses and for
their clients.
Envestnet refers to the family of operating subsidiaries of the
public holding company, Envestnet, Inc. (NYSE: ENV). For more
information on Envestnet, please visit www.envestnet.com and follow
us on Twitter (@ENVintel).
Neither ACE nor Envestnet offer a loan product or make
lending decisions. The funding and administration of all
loans is undertaken by separate and unaffiliated financial
institutions.
Media Contact:
Dana Taormina
ace@jconnelly.com
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SOURCE Advisor Credit Exchange LLC