Thanks to this partnership, advisors will benefit from expanded credit solutions and banks will have access to new sources of loans.
Total Bank Solutions (TBS) and Advisor Credit Exchange (ACE) today announced that ACE has integrated TBS’ Loan Management System (LMS) into the Advisor Credit Exchange platform, an innovative solution designed to offer a wide range advisor loan options. LMS is a fully automated, end-to-end system designed to streamline origination, underwriting and collateral valuation and monitoring functions supporting securities lending. TBS has redefined what “end-to-end” means for title lending by fully integrating these once disparate components.
“Integrating LMS into the Advisor Credit Exchange is a natural fit, as the combined solution gives advisors and their clients access to a broader range of lending solutions,” said Mike Musial, Director General, Securities-Based Lending at TBS. He added, “ACE’s ability to expose advisors to bespoke lending products and inform them of all of their clients’ pre-qualified loan opportunities is extremely valuable, especially as advisors seek to offer more comprehensive approach to wealth management, including liability management.
The ACE platform gives financial advisors a 360 degree view of the different loans available to their clients. If a title-based line of credit is the appropriate solution, a loan request seamlessly flows into the TBS platform for pre-populated application generation and delivery to the client. Lenders can then complete the underwriting process with self-decision logic and fully monitor the underlying collateral after closing through the integrated TBS system.
“The best software is always created by people who have lived in the industry and understand how to apply technology to boost productivity. We are proud of that here at ACE and immediately recognized the same skill at TBS,” said Peter Stanton , CEO of Advisor. Credit Exchange. “Combining not only our industry-leading software but also our unparalleled experience, the ACE-TBS partnership is uniquely positioned for today’s holistic wealth management environment.”
About Advisor Credit Exchange, LLC
Advisor Credit Exchange (ACE) is a technology platform that brings together lenders and wealth managers, enabling investment firms and advisors to provide financing solutions to grow their clients’ net worth and achieve their financial goals. By integrating liability management with asset management and protection solutions, ACE has created new opportunities for advisors to help clients achieve financial wellness.
For more information on Advisor Credit Exchange, please visit www.advisorcreditexchange.com.
About Total Bank Solutions (TBS)
Total Bank Solutions (TBS) is a private financial technology company located in Hackensack, NJ. The company was founded in 2004 to meet the needs of banks and wealth management organizations. Its offerings include its FDIC Insured Deposit Program (IDP) and Loan Management System (LMS). With over $100 billion in assets under administration (AUA), IDP offers wealth managers and their clients the benefit of extensive FDIC insurance and, for participating banks, access to a stable source, diversified and profitable deposit financing. LMS is an end-to-end title lending and collateral monitoring platform that connects banks with borrowers seeking secured loans.
For more information on Total Bank Solutions, visit
Total Financial Solutions, LLC