Apex Fintech Solutions, an infrastructure provider supporting digital investing platforms, has partnered with Navy Federal Investment Services (NFIS) to support the launch of a new Digital Investor platform designed to enhance investing access for Navy Federal Credit Union members.
The partnership will see NFIS use Apex's cloud-native AscendOS platform to upgrade its investing capabilities and deliver a digital experience for more than 15 million Navy Federal Credit Union members. The platform is designed to support real-time account opening, direct funding from Navy Federal Credit Union accounts and a range of investment options.
The Digital Investor platform will provide members with access to self-directed 'Invest Your Way' accounts, enabling low-cost trading in stocks and ETFs with fractional shares available from as little as $1. The offering will also include automated, goals-based portfolios supported by Apex Rebalancer, a tool designed to help maintain investment strategies over time.
Apex Fintech Solutions provides infrastructure and services that allow clients to build digital investing propositions for millions of end investors. Through its cloud-based ecosystem, the company supports areas including trading, wealth management, cost basis, tax reporting, and custody and clearing through its Apex Clearing subsidiary. Navy Federal Financial Group was established in 1999 to expand the financial services available to members and, through NFIS, provides financial planning, educational seminars, investment tools, insurance, trust planning and digital platforms for the military community and their families.
Apex Fintech Solutions CEO Bill Capuzzi said, 'By joining forces with Navy Federal Investment Services, we're helping bring real-time account opening and automated portfolio management to those who serve and have served our country and their families.'
Navy Federal Financial Group COO Diane Young added, 'As we continue to explore ways to provide our members with a best-in-class investor experience, it's critical that our infrastructure is able to scale without sacrificing the seamless experience our members expect and deserve. Apex's real-time platform helps us better support the military community and their families by making investing more accessible and giving them more opportunities to build toward a stronger financial future.'