BetaNXT & Fi-Tek Introduce TrustWealthX, Allowing Clients to Seamlessly Manage & Report on Trust, Brokerage & Wealth Businesses

BetaNXT, a leading provider of wealth management technology solutions with real-time data capabilities and an enhanced advisor experience, and Fi-Tek, LLC, a leading FinTech company specializing in trust and wealth management technology, have come together to enable financial services organizations to streamline operations and workflows, enhance productivity, and reduce risk for their trust & wealth management, advisory, and brokerage divisions. 

“With TrustWealthX, we are solving the major industry-wide problem of siloed processing for trust and non-trust business lines,” said Bob Santella, CEO of BetaNXT. “As partners, BetaNXT and Fi-Tek have made it possible for firms to seamlessly manage and report on their brokerage, wealth, and trust lines through a single lens. The integrated data, unified operations, and workflows offered by TrustWealthX will take the advisor and client experience to a whole new level.” 

TrustWealthX delivers trust officers, advisors and their clients a holistic “family view” of investment positions and balances across brokerage, advisory, and trust accounts.

Official books and records, regulatory reporting, and custody and clearing data for all of these accounts are available in real time. 

In addition to the unified view of brokerage, advisory, and trust account investments, the integration enables users to harness account management and reporting capabilities across the BetaNXT and Fi-Tek ecosystems: 

• From BetaNXT: Proprietary brokerage and accounting system, end-to-end operations from client to advisor, and client back-office operations. 

From Fi-Tek: Fi-Tek’s real time, global multi-currency trust and wealth management platform Global WealthES® (GWES) for front, middle and back-office, supported by back-office solutions including Specialty Assets, Performance Measurement, Data Aggregation,

•  as well as full-service securities processing with multi- custodian options, including self-custody. 

“Working with BetaNXT aligns with our mission at Fi-Tek to solve the complex challenges faced by our clients across a wide spectrum of wealth segments—from brokerage all the way to family office—through technology innovation and evolution,” said

Subir Chatterjee, CEO and President of Fi-Tek. “The integration of our leading solutions elevates the digital experience for financial services and wealth management organizations—and allows them to deliver more value for all of their clients, across their business lines.” 

BetaNXT remains focused on solving its clients’ most pressing data modernization challenges. It recently announced that DataXChange, powered by Snowflake’s AI Data Cloud, has become fully operational in production, following a four-month pilot program which began in September 2024. 

DataXChange brings internal and external inputs—BetaNXT data, partner data, wealth enterprises’ proprietary data, and Snowflake Marketplace data—together in one data management ecosystem to deliver a flexible, customized, and connected experience that can optimize what data can do for wealth enterprises and their clients and partners.