USA Tax recognizes BridgePortfolio
BridgePortfolio® — a leading industry provider of flexible, customized, private-labeled RIA platforms and back office support for investment advisors, investment managers, broker-dealers, field marketing organizations, financial planners and trust companies — is proud to announce that they were awarded the 2009 Service Excellence Award by USA Tax and Insurance Services, Inc. at their annual awards ceremony last month.
BridgePortfolio provides the back office support for the fee-based platform used by EliteRIA Group, a SEC-registered investment advisory firm Dba American Investment Services that is a subsidiary of USA Tax and Insurance Services, Inc. BridgePortfolio managed the set-up and provides the ongoing maintenance and support of this fee-based platform, which includes a private-label Web site, a dashboard, an account opening tool, daily reconciliation, trading, billing and performance reporting.
Scott Chakan, Chief Operating Officer at USA Tax said they gave this award to BridgePortfolio in recognition of all their outstanding efforts in helping USA Tax with this RIA platform for all their financial advisors.
Mr. Chakan remarked that “this platform enabled USA Tax to add investment advisory services to our current life insurance and annuities products for our clients.”
He also stated that “by outsourcing all our RIA back office support functions to BridgePortfolio, we were able to get into the investment advisory business faster than we could on our own and insure that we complied with all SEC regulations.”
Chad Meyer, Chief Executive Officer at BridgePortfolio, said he was honored to receive this award and felt it “validated our business model by allowing us to leverage our operational expertise in the RIA industry to build and support a fee-based platform” for USA Tax.
According to Chad, “USA Tax provided us with an opportunity to enter into the Field Marketing Organization (FMO) industry which is looking to expand beyond insurance. We enjoyed working with the entire USA Tax organization to build their RIA business from the ground up and believe USA Tax’s EliteRIA Group will be a force in the RIA industry for years to come.”
About USA Tax and Insurance Services, Inc.
USA Tax and Insurance Services, Inc. is a leading Field Marketing Organization (FMO) in the U.S. insurance industry. The company is headquartered in Palm Harbor, FL and has almost 200 licensed representatives. Their primary business is life insurance and annuities.
In 2008, they formed a subsidiary company called Elite Advisors Group — a Securities and Exchange Commission (SEC) registered investment advisory (“RIA”) firm. Currently, they have about 70 investment advisor representatives who can offer fee-based investment advisory services to their clients.
USA Tax and Insurance Services, Inc., through its RIA subsidiary Elite Advisors Group, currently has approximately 600 investor clients with an aggregate $50 million of assets under management that they manage on a discretionary basis.
For more information, please visit usataxadvisorsinc.com.
About BridgePortfolio®
BridgePortfolio is a leader in developing flexible, customized, private-labeled asset management platforms for investment advisors, investment managers, broker-dealers, field marketing organizations, financial planners, banks and trust companies. Their mission is to help these companies to profitably deliver investment advisory services, including ETF and mutual fund wrap model portfolios, and SMA and UMA programs.
Founded in 2000, the company has approximately 65 customers (called partners) across the United States with almost $2 billion in assets under administration.
BridgePortfolio has developed a diverse menu of services that can be outsourced, including private label website development and hosting; a dashboard; efficient online account setup; account administration; performance reporting; model portfolio trading; billing; third-party separate account management and private label separate account platform creation and maintenance.
For more information, please visit bridgeportfolio.com.
