EISI makes wealth-management software an option for enterprise clients. NaviPlan maker Emerging Information Systems Inc. (EISI) and Northstar Systems, a wealth-management software provider, have entered into a “strategic” partnership. The result, they say, is “joint workflow and functionality” that includes “integration [of] investment selection and portfolio management processes.” The integration is supposed to boost advisor productivity, reduce compliance risk for the sponsor firm, and lead to “a more holistic relationship between advisors and their clients.”

“NorthStar's Wealth Management offering is a natural complement to our financial planning solutions,” says Mark Evans, CEO of Winnipeg, Canada-based EISI. “With this partnership, we can now help firms more easily translate financial plans into actionable and compliant investment recommendations.”

The integrated system is meant to help advisors create investment-policy statements, build portfolios and monitor portfolio drift. It’s already available to firms that host NaviPlan on their own platforms. An ASP version is in the works, according to a NorthStar spokesman.

San Francisco-based NorthStar sees its deal with EISI as “an important addition to our strategic alliances with leading providers such as Reuters and Ibbotson Associates,” according to COO Collin Cohen. “The combination of these relationships allows us to provide integrated best-of-breed data, analytics, and financial planning capabilities to our customers.” –FWR

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