Advisor BioniX Enhances Value and Increases Efficiency for Financial Advisors
RiXtrema today announced the introduction of Advisor BioniX, a new tool based on the portfolio management engine used by some of the top fund managers and financial advisory firms worldwide. “As robo advisors seek to commoditize the investment advisory business, financial advisors will be experiencing downward pressure on the fees that they are able to charge,” said RiXtrema President Daniel Satchkov, CFA. “Since they cannot efficiently increase volume the way low cost “robos” do, they are faced with declining margins and earnings. Advisor BioniX will remedy that situation by combining the benefits of a robo advisor with the advisor’s core competency of providing valuable, individualized advice.
