Wealth management fintech platform Tifin is spinning off Tifin AG, a platform driven by artificial intelligence that aims to help advisory firms grow, the firm announced Tuesday.
Tifin AG has modules that deal with client acquisition, expansion and retention. The modules can undertake such tasks as prioritizing prospect lists, identifying referral opportunities and looking at asset consolidation among a firm’s existing clients.
At the same time, the firm announced that Tifin AG’s board will include Tifin CEO Vinay Nair; Rajini Kodialam, co-founder emeritus of Focus Financial and co-CEO at E-3; and Brian Carlin, former CEO of J.P. Morgan Private Capital and J.P. Morgan Wealth Management Solutions.
Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.
From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
Chair also praised the passage of stablecoin legislation this week.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
