Wealthtech firms unveil strategic partnership

Collaboration will focus on key areas including AI-driven risk analytics, automated compliance reporting, and workflow automation.

AdvizorStack, a technology platform for registered investment advisors, and StratiFi, a provider of risk management solutions for wealth management professionals, have forged a strategic partnership.

In a statement announcing the new collaboration, Stratifi said users of AdvizorStack’s platform are set to benefit from improved risk analytics, compliance oversight, and operational efficiencies.

The partnership will focus on several key areas, including the development of advanced risk analytics using predictive modeling and machine learning; enhancing compliance oversight with real-time monitoring and automated reporting; and improving operational efficiencies through seamless platform integration and workflow automation.

Paul DeMaio, CEO and managing partner of AdvizorStack, emphasized the natural synergy between the two companies.

“This partnership brings an all-encompassing Risk Analytics and compliance dashboard, enabling firms to ensure compliance effortlessly,” Demaio said.

DeMaio’s professional record includes nearly three decades of wholesaling experience across ETFs, mutual funds, separately managed accounts, and alternative investments. Before joining AdvizorStack, he was the director of RIA and family office sales for NexPoint Securities Inc, and he has held positions at both Merrill Lynch and Morgan Stanley.

StratiFi’s CEO and co-founder, Akhil Lodha, highlighted the mutual commitment to advancing the wealth management industry through the collaboration.

“As StratiFi and AdvizorStack join forces, we aim to create a future where technology and financial expertise merge to help advisors and their firms grow while staying compliant,” Lodha said.

Over the past month, StratiFi also announced it had added two new wealth firms – Integrity Wealth Management and Meridian Wealth Advisors – to its roster of clients.