Invest n Retire Adds Access to Wolverine Execution Services Into INR's Patented Record Keeping Software for Defined Contribution Plans and Separately Managed Accounts
(firmenpresse) - CHICAGO, IL and PORTLAND, OR -- (Marketwired) -- 07/30/13 -- Wolverine Execution Services (WEX), a leading provider of value added trade execution services, and Invest n Retire, LLC (INR), an innovative developer of patented technology solutions for defined contribution (DC) plans and separately managed accounts (SMAs), today announced connectivity to WEX's agency broker services directly from the INR platform. As a result of this partnership, clients can now electronically route orders for execution directly to WEX via the INR platform and receive fill information back into the INR system. Orders received by WEX are executed using proprietary trading logic and technology when determining the best method of and venue for execution.
"Adding WEX to the INR platform provides a vertically integrated investment solution that gives our clients the ability to trade intraday with access to real-time pricing and an institutional trading desk that specializes in ETF execution," said Darwin Abrahamson, CEO and Founder of Invest n Retire, LLC. "We believe that our clients will benefit from leveraging WEX's trading expertise to reduce transaction costs and minimize market impact, while improving execution quality."
"WEX provides clients with access to our network of liquidity providers, dynamic algorithms, experienced trade desk, and advanced technology solutions to seek the best price for all trades," said Joseph Sacchetti, Managing Director of WEX. "We are pleased to be partnering with INR to create an easy and effective solution for sourcing ETF liquidity and providing advisors with more diverse and cost effective execution options."
The INR platform is designed to provide new efficiencies when incorporating ETFs in an investment portfolio allowing managers to focus more of their time on client service and practice management. In addition to providing trade execution through WEX, INR allows plan participants and SMA clients to own whole and fractional shares of ETFs in their accounts.
Advisors interested in accessing WEX via INR should contact Darwin Abrahamson or their WEX sales representative.
Headquartered in Chicago, Wolverine Execution Services (WEX) is an independent broker-dealer specializing in the execution of equities, options and futures for institutional investors. WEX offers clients multiple venues for execution including a proprietary electronic trading platform, algorithms, direct floor access, and an agency brokerage desk. Leveraging expertise in trading technology, and risk management, WEX provides clients with anonymity, superior execution and order management in all asset classes, delivering exceptional solutions for both technical and institutional trading styles. For more information visit .
Invest n Retire, LLC (INR) is a technology company located in Portland, Ore. INR's patented technology (pat. US 8,060,428) is provided to clients as Software as a Service (SaaS). INR provides a complete recordkeeping system for defined contribution (DC) plans. INR also offers investment managers an efficient solution for trading separately managed accounts (SMAs) in real-time. Using INR's TandemModels® module, investment managers can easily design asset allocation models which they may link to their clients. When a manager makes a change in a model, the change automatically translates across all of the manager's clients linked to each respective model. For more information visit .
Margaret Nagle
Wolverine Execution Services
Office: 312.884.3442
Cell: 312.945.1895
Darwin Abrahamson
Invest n Retire, LLC
503.419.2894 X 102
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Datum: 30.07.2013 - 19:23 Uhr
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News-ID 283144
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