At a glance
- The product is the company's entry into the U.S. market.
- Portfolio IQ consolidates holdings, transactions and portfolio data across accounts and custodians, tracking more than 20 asset classes, including private assets and crypto.
- Advisory firms can add Mosaic's data and allocation tools without replacing their systems or adding reconciliation work, because Portfolio IQ connects through APIs and leaves custodians and core platforms as the books of record.
Avaloq, a Swiss technology firm owned by NEC Corporation, launched Avaloq Mosaic, a platform linking investment data, portfolio processes and AI workflows, Financial Advisor Magazine reported on Nov. 10. The product is the company's entry into the U.S. market. Pricing was not disclosed. Avaloq said it supports more than 170 financial institutions globally.
Portfolio IQ consolidates holdings, transactions and portfolio data across accounts and custodians, tracking more than 20 asset classes, including private assets and crypto. Mosaic Allocator turns model portfolios, house views and investment policies into allocation decisions for each mandate. Advisors can review projected holdings, purchases and sales before creating an executable plan.
Advisory firms can add Mosaic's data and allocation tools without replacing their systems or adding reconciliation work, because Portfolio IQ connects through APIs and leaves custodians and core platforms as the books of record. The suite also includes Agent Connect, which gives firms' AI tools governed access to verified data. Avaloq plans to add Tax, Asset Servicing and Lending capabilities.
Reported by the Numbers desk from Financial Advisor Magazine. Published . Corrections