Fintech firm behind Harmony portfolio management system expands client base
Infinite Investment Systems Ltd. has announced a partnership with the National Bank Independent Network (NBIN), Canada’s leading provider of custody, trade execution and brokerage solutions to independent wealth management firms.
NBIN will provide Infinite’s flagship portfolio management system, Harmony, to new clients transitioning to their platform, according to a press release, which added that the partnership brings together two key industry players within the independent wealth management space.
Harmony, one of the most comprehensive portfolio management platforms in the country, provides more than 1,000 analytical reports and vast functionality that covers portfolio valuation, portfolio accounting, tax packaging, CRM II, performance, attribution, trading, compliance, fees and invoicing, CRM and client reporting. NBIN services over 450 independent wealth management firms across Canada, representing over $300 billion in assets under administration.
Ali Zahedi, Infinite’s co-founder and CEO, said in a statement: “We are proud to partner with NBIN. Our hard-earned position in the industry is a testament to our ability to deliver real results for our clients. We already have many clients that we share with NBIN, and we look forward to working even more closely together.”
Patrick Primerano, President of National Bank Independent Network, added: “As a leading provider of custodial services to independent wealth managers, it is our responsibility to form meaningful, strategic partnerships that support our clients, and the growth of our industry. We are delighted to partner with Infinite and look forward to collaborating with the team.”
Infinite Investment Systems Ltd. is a financial technology firm founded in 2004 with an exclusive focus on the Canadian wealth management industry. Its flagship product, Harmony Portfolio Management System, has more than 80 clients, serving institutional managers, SMA / UMH managers, fund managers and family offices.
National Bank Independent Network (NBIN) is a division of NBF Inc., which is an indirect, wholly owned subsidiary of National Bank of Canada. It boasts more than 30 years of continuous service and a team of more than 200 professionals.