NEW YORK, Oct. 8, 2025 /PRNewswire/ — Pontera, the leading platform enabling secure management of held-away assets, today announced its strong support for the Rhode Island Securities Division’s newly released guidance on data aggregation and third-party platforms. Rhode Island has joined Texas and Delaware as states providing guidance supporting investors and advisers’ ability to use data aggregation to improve investors’ financial lives.
“Pontera applauds the Rhode Island Securities Division for joining the growing list of state regulators providing guidance that supports investor choice,” said Ben White, Senior Director of Public Policy. “Investors need the right to choose how they manage their workplace savings. By clarifying advisers can use data aggregation and third-party platforms without further custodian approval, Rhode Island is moving the market in a more investor-friendly direction.”
Importantly, unlike Texas or the SEC, Rhode Island prohibits investment advisers from using their clients’ passwords. By issuing constructive guidance within a stricter framework, Rhode Island has clarified that advisers can use third-party data aggregation tools and platforms in full compliance with its prohibition on password use. It also shows that third-party platforms can help protect investors against the risks associated with advisers holding client credentials. This sets a clear and practical standard for other states with similar restrictions to follow.
Pontera supports advisers’ efforts to align their practices with their regulators’ expectations. Rhode Island’s guidance provides clear steps advisers can take when using Pontera, including:
- Engage in strong due diligence about Pontera’s capabilities
- Assess Pontera’s industry-leading cybersecurity practices
- Maintain auditable records of activities performed on Pontera’s platform
Demand for 401(k) advice is growing quickly, especially as plans contemplate adding more complex assets. People routinely pay their 401(k) recordkeeper and managed account providers for personalized advice, but many want their own personal adviser to manage their accounts for them. Pontera breaks down these barriers, enabling people to have their own adviser manage their 401(k) account.
“Rhode Island’s guidance is a win for retirement savers, and shows positive momentum at the state level,” added White. “Investors need every tool at their disposal to achieve retirement security. It’s terrific to see regulators support consumers’ ability to choose how they want to manage their money.”
About Pontera
Pontera
is a
fintech
company on a mission to help millions of Americans retire better by enabling financial advisors to manage, balance, and report on clients’ assets in 401(k)s, 403(b)s, and other workplace-sponsored accounts. Our secure, purpose-built platform, seamlessly integrated with advisors’ portfolio management tools, is designed to work across many account types and help advisors improve financial outcomes through more comprehensive investment management. Founded in 2012,
Pontera
is headquartered in New York City. Learn more at pontera.com.
Media Contact:
Christian Gubler
[email protected]
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SOURCE Pontera
