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Technology + People + Best Practices: How AdvizorStack, SingleStore, and Buckler Deliver the Essentials of Cybersecurity Success
Oct 25, 2023

Cybersecurity is vital in today’s interconnected world as it safeguards sensitive information and infrastructure from cyber threats. The risks associated with inadequate cybersecurity measures include data breaches, identity theft, financial fraud, and disruption of services, all of which can lead to severe financial and reputational losses, including massive regulatory penalties. Financial institutions handle vast amounts of sensitive client data, making them prime targets for cyberattacks.

AdvizorStack realizes the importance of ensuring data is secured and protected from malicious external entities seeking to access your information. This is why:

  • AdvizorStack has partnered with Buckler to run our Cyber Program Management System and SingleStore to help us protect the integrity of your data
  • Our cybersecurity program follows the latest regulatory requirements from the SEC, FINRA, and the State of New York.

By prioritizing cybersecurity through AdvizorStack, RIAs and financial institutions can better protect their clients’ data, prevent potential losses, and demonstrate their commitment to maintaining a secure and reliable financial system.

AdvizorStack is here to help guide and manage your Cyber Security of your data so that you can focus on what really drives your business: your clients.

 

SingleStore: Real-Time, Unified, Distributed SQL Providing Secure Access to the Freshest Data 


The world’s leading brands rely on data to make the right business decisions, deliver exceptional customer experiences, and stay ahead of the competition. This brings with it a need for simplicity, speed, scale, security, and privacy. SingleStore delivers the world’s fastest unified, distributed SQL database: SingleStoreDB, available as SingleStoreDB CloudSingleStore Self-Managed, or in hybrid environments combining both. By providing unified management of transactional + analytical + vector workloads, SingleStoreDB eliminates performance bottlenecks and unnecessary data movement to support constantly growing, demanding workloads. Customers spanning every vertical choose SingleStore to unleash the power of their data and supercharge real-time data experiences for their own end customers. This includes many companies using SingleStore as their vector database powering generative AI apps, including ChatGPT, without incurring the limitations of a purpose-built vector database. SingleStore runs on the Big 3 Clouds and serves hundreds of customers including 100+ Fortune 500, Forbes Global 2000, and Inc. 5000 brands. It counts as customers five of the world’s top 10 financial institutions and a rapidly-growing roster of fintech innovators, as reflected on its Customer, Case Study, and Video Resources pages.


SingleStoreDB helps businesses optimize how they handle their client information. Instead of using many different databases for different tasks, they can use one powerful database to do everything they need. SingleStoreDB’s ability to manage transactions and analytics in a unified database removes the latency (delay) caused when companies move data from one database to another, for example, for analysis. This centralized approach makes their operations smoother and removes data barriers so they can leverage client information securely and more effectively. Since moving data between systems can also create vulnerabilities, managing all data in one place in SingleStoreDB also reduces the risk of cyber attacks.

SingleStore’s security features protect sensitive information, giving financial institutions peace of mind and ensuring that data is stored safely, and because it is a real-time database, businesses can operate in confidence knowing they are basing business decisions on the freshest, most accurate data.

In short: with SingleStoreDB, businesses can improve their client data, make their platform work better, and strengthen their defenses against cyber threats.


Buckler: Ensuring Regulatory Compliance as the Foundation for Best Practices 


Buckler, a trusted financial institution partner, stands firm in ensuring compliance with all regulatory agencies, regardless of the organization’s size. In a nutshell, it adeptly streamlines the intricacies of cybersecurity, instilling a profound sense of security by providing a comprehensive plan in the face of any incident. Its team of seasoned Chief Information Security Officers (CISOs) brings a wealth of experience, expertise, and knowledge to the table, assuring clients that their financial institutions are safeguarded against potential threats and that a robust strategy is firmly in place. With Buckler, peace of mind and confidence prevail, knowing that they have a resilient shield against cyber risks.

Buckler’s Cyber Program Management system (CPM) provides information security policy, business continuity plans, security incident response plans, and vendor risk management. Buckler is the recipient of the 2023 T3 Emerging Technology Award.

AdvizorStack utilizes Buckler to remain compliant with the latest regulatory changes made the SEC, Finra, and the State of New York by providing the ability to track, enforce, and revise policies.


AdvizorStack: Combining Technology and Best Practices to Secure Your Data and Empower Your People


By bringing together the world’s best data platform technology (SingleStore), the world’s leading regulatory compliance expertise (Buckley), and its extensive experience in financial markets, AdvizorStack offers a solution that secures your data and empowers your teams with the freshest, most complete data to help you win in today’s competitive markets.




11 Mar, 2024
Innovative Wealthtech Positioned to Breathe New Life into Small- and Mid-sized RIA Segment By DWN Staff - March 11, 2024 Throughout his 30+ year financial services career, AdvizorStack CEO Paul DeMaio never considered himself a disruptor. All that changed in 2022, when Paul, along with his son, Nico – a 10-year industry veteran himself, who serves as the firm’s President – launched AdvizorStack, a fintech technology platform offering Registered Investment Advisors (RIAs) turnkey access to a curated assortment of third-party solutions providers. What’s revolutionary about that? The answer lies in AdvizorStack’s client base: the under $250 million RIA segment – breakaway advisors, large OSJs and established RIAs all looking for cost-effective, integrated tech and back-office support. Read More
26 Oct, 2023
AdvizorStack, a visionary player in the financial technology sector, is proud to unveil a revolutionary solution designed to empower financial advisors in today’s dynamic landscape. Focused on breaking down technology barriers and turning them into steppingstones towards success, AdvizorStack is set to redefine the way advisors navigate the digital age. In the fast-paced world of fintech, a glaring challenge for financial advisors has been the lack of an affordable platform for trading advisor-driven portfolios. Recognizing this need, AdvizorStack has introduced a game-changing solution. Paul DeMaio, CEO of AdvizorStack says “This solves a huge need in the space for advisors that want to have the ability to create their own portfolios, create rebalancing rules at the model and individual account level.” AdvizorStack has selected Qdeck as its primary advisor portfolio manager sleeve, and it now comes as an integral part of the initial purchase of AdvizorStack. This strategic alliance equips AdvizorStack clients with an institutional-grade trade order management system that is agnostic to custodians. This greatly simplifies an advisor’s investment process through one centralized platform. Jagdeesh Prakasam, CEO of Qdeck.ai Stated “For over 60 years financial advisors have seen only incremental improvements in technology offerings. Finally, Qdeck.ai and AdvizorStack have teamed up to deliver a digital framework for financial advisors that captures the ethos and expectations of the next generation of advisors and their clients.” Nico DeMaio, President, and Founder of AdvizorStack, added “What interested me was the use of generative AI to allow models to create their own weightings, drift thresholds and truly made the advisors life easier. As the next generation of advisors continue to prepare for the great wealth transfer, tools like this are going to be the difference in recruiting advisors and keeping assets at your firm.” About AdvizorStack: AdvizorStack was conceived by advisors, for advisors, with the mission to provide an Outsourced Chief Technology Officer for the everyday Registered Investment Advisors (RIA). Historically, only larger firms possessed the capability to craft unified experiences and dashboards. However, AdvizorStack extends this capability to the everyday advisor by creating institutional level contracts and hand selecting vendors to fit the firms’ specific needs. As for financial advisors, AdvizorStack recognizes the challenges of breaking away from the norm and selecting the technology that aligns with your needs. AdvizorStack is the one stop solution for you to create a wirehouse type home office. Offering support during advisory transitions and handling the implementation and onboarding of advisors onto their new technology stack. We pride ourselves on being your firm’s back office and solving any problem that you present us with to improve you and your end clients’ experience. We stand at the forefront of empowering advisors to thrive in an evolving landscape, leveraging technology to transform obstacles into your success. About Qdeck: Qdeck, an innovative FinTech company, harnesses the power of generative AI and investment management technology to empower Registered Investment Advisors (RIAs) in enhancing their clients’ digital experiences while seamlessly managing their portfolios. Our Qdeck platform, developed over the course of four years and recently introduced to the market, boasts a robust suite of features including real-time access to financial data, advanced financial simulation and reporting tools, an AI-driven chat interface providing actionable insights, customizable compliance-friendly content, comprehensive client account management, and a fully tailored client portal. With the Qdeck model library at their fingertips, RIAs can effortlessly incorporate advanced portfolio overlays or develop their own custom Robo-advisor, all for a flat subscription fee. Discover more at www.qdeck.ai. AdvizorStack and Qdeck will be discussing generative AI and how AI tools will continue to change the way Financial Advisors do their job on the Adjusted for Risk Podcast November 6th. For more information on AdvizorStack, please feel free to contact the AdvizorStack team at info@advizorstack.com or visit our website at www.advizorstack.com or www.Qdeck.ai.