Fispoke has joined forces with Broadridge Financial Solutions to widen the availability of lending and private banking tools for RIAs, independent advisers, broker-dealers and wealth platforms.
The move brings together Broadridge’s securities-based lending system and Fispoke’s digital interface for advisers, along with its reach in the independent advice market.
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The companies aim is to support wealth firms in offering joined-up lending and liquidity services that have largely been centred in wirehouses and private banks.
Under the collaboration, lending services will sit within a wider private banking set-up designed to work with advisers’ current processes and without any need to switch custodian.
The structure is intended to link investments, cash and credit in one client-facing experience.
Clients will use these services through Fispoke’s white-labelled platform, which runs on Broadridge’s lending infrastructure.
Fispoke CEO Robert Clare said: “Many independent firms want to provide private banking capabilities but lack the infrastructure and banking affiliation to do so efficiently. By working with Broadridge, we are making it easier for advisors to deliver a more complete offering while maintaining control of the client relationship.”
The arrangement also provides a basis for further development in areas including AI and tokenisation.
Broadridge credit and lending head Mike Musial commented: “This collaboration reflects the power of combining infrastructure and distribution to create a more connected lending ecosystem for the independent wealth market.
“We’re pleased to collaborate with Fispoke to unlock private banking capabilities for firms that have not historically had the same level of access as larger institutions.”
