New research tested four of the best known bots to find out how good they are
Jon Beatty, head of Schwab Advisor Services, explains how independent advisors are reshaping their business models around client trust, AI, and new client growth.
Zocks' expanded platform streamlines the advice and onboarding process, while Broadridge doubles down on digital marketing.
The wealth tech platforms are expanding their offerings for advisors with new philanthropic and estate planning integrations.
Hires include former innovation lead at mega-RIA Mariner.
"More often than not, when two firms come together they're both Envestnet firms or we are going to end up with the lion's share of the assets," Envestnet CEO Chris Todd said amid record-breaking M&A activity for RIAs.
The integration into iCapital's platform will give advisors and qualified investors a means to rebalance portfolios through a robust buyer-seller network.
The newly launched Wealthscape Intelligence and onboarding capabilities are designed to unlock personalized insights and reduce friction, says one tech platform leader at the firm.
Four-fifths of non-public banks are projected to integrate AI by 2027.
The latest updates aim to help with complex decisions around succession planning and tax changes around the One Big Beautiful Bill Act.
Wealth.com and Shaping Wealth have also tapped other industry heavyweights to beef up their own advisory boards.
The partnership aims to develop a globally scalable custody and clearing solution for advisors and the clients they serve.
Summit Financial unveiled a suite of eight new tools, including AI lead gen and digital marketing software, while MassMutual forges a new partnership with Orion.
The deal will see the global alts giant snap up the fintech firm, which has struggled to gain traction among advisors over the years, for up to $200 million.
Two longtime RIA industry figures have joined the board of directors at TaxStatus, a fintech company that garners thousands of IRS data points on clients to share with advisors for improved financial planning oversight and time savings.
"QuantumRisk, by design, recognizes that these so-called "impossible" events actually happen, and it accounts for them in a way that advisors can see and plan for," Dr. Ron Piccinini told InvestmentNews.
AI suite and patent for AI-driven financial matchmaking arrive amid growing importance of marketing and tech among advisory firms.
Federal data show reports of at least $100,000 in losses skyrocketed to hit $445 million in 2024.
The fintech firms' latest additions, including veterans from Bloomberg and JPMorgan, come amid rising demand for alternative assets in the retirement space.
Kristy Smith from Broadridge says advisors who can't adapt risk being left behind.
