[Wealth Solutions Report] Wealthtech Roundup

BridgeFT Partners With Income Lab On Custodial Data Integration

BridgeFT partnered with Income Lab, a provider of retirement income management software, to aggregate multi-custodial data, which helps Income Lab onboard new advisors and allows Income Lab users to access more complete client investment account data.

The partnership is designed to provide end users of Income Lab with more holistic planning, reduced manual data entry, automation to enhance advisor productivity, timelier data and accelerated plan creation. In February, Dynasty Financial Partners chose BridgeFT’s WealthTech API as its main custodial data partner, with Dynasty and some of its affiliates set to make a strategic minority investment in BridgeFT.

“Income Lab provides a truly dynamic view of retirement income that enhances the planning experience for advisors, and BridgeFT is thrilled to help fuel the growth and client experience of this WealthTech innovator,” said BridgeFT CEO Joe Stensland. “Seamless integration of custodial data into Income Lab via WealthTech API empowers advisors using their software to offer accurate and realistic planning through all stages of retirement – driving better outcomes for their clients.”