Arcons solution helps OCM's U.S. and Canadian
account management
SAN
CARLOS, Calif., May 21, 2024
/PRNewswire/ -- Arcons Technology, Inc.® announced
onboarding One Capital Management, LLC, a wealth management firm
serving clients in the U.S. and Canada, on its trading solution tradePort and
billing solution billPort for multicurrency billing of One
Capital's mixed-currency households.
One Capital Management (OCM) is now well poised to handle its
multicurrency billing and trading. Arcons also provided
multi-custodian FIX integration with Canada's National Bank Independent Network
(NBIN) and U.S. custodians, including Schwab, Fidelity and
Pershing, to help OCM streamline their trading workflow.
"For our nearly 9,000 accounts, some of which are mixed-currency
households, our client billing needs special handling. Our daily
billing calculation coupled with quarterly true ups makes our
calculations very detailed. Furthermore, our progressive advisor
revenue share demands a very robust calculation system. All of this
was accomplished using Arcons' billPort," One Capital Management's
Managing Director, Dan Stridsberg,
said.
"We use FIX to execute the trades and are happy that tradePort
is integrated with FIX. We have accounts at multiple custodians,
including NBIN, and Arcons implemented a FIX connection with each
of them. Multicurrency trading was one of the biggest challenges
for us, and tradePort handled it seamlessly," OCM Executive
Director and Senior Portfolio Manager, Lance Messervy, said.
"The billPort and tradePort implementation for OCM has been a
great project as it required handling of complex use cases with
multicurrency and integration with Addepar. We are delighted to
have OCM onboard and look forward to a long and successful
relationship." said Hemant More, CEO
of Arcons Technology, Inc.
About One Capital Management
One Capital Management is a California-based wealth management firm and
registered investment advisor (RIA). Established in 2001, OCM firm
has grown to more than 70 professionals dedicated to serving nearly
3,000 individuals, families, institutions, and foundations across
the U.S. and Canada. OCM manages
approximately $6.2 billion in
assets.
About Arcons Technology, Inc.
Founded in 1998, Arcons provides customizable solutions tailored
to clients' needs fully and cost effectively. At present, Arcons'
solutions are in use by firms cumulatively managing over
$1 trillion.
Arcons' Portfolio Edge product suite, a SaaS offering, offers
modules for billing, reporting, trading, rebalancing, CRM and
advisor/client Portal. Clients can implement selected or all
modules per their needs.
Media Contact
Jeevan Gosavi
(650) 533-3452
info@arconstech.com
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SOURCE Arcons Technology, Inc.