According to data collected from 14,000 RIAs, 80% are using digital client onboarding tools.
Soteria blends personalized safe-landing target-date fund glide paths with the personalization of managed accounts.
Plus First Rate, a Texas-based provider of wealth management technology, has acquired Finantech SpA, a Santiago, Chile-based reporting fintech.
YieldX’s technology will be integrated into FNZ’s existing product to enable advisors to scan the universe of fixed-income securities.
Founder Bob Cortright is stepping back in as global CEO of the digital custody and clearing firm upon the exit of Terry Angelos.
Other direct indexing products have avoided the fixed-income space because it has a different liquidity profile and requires going directly to dealers.
The Zoe Wealth Platform charges a fee based on advisory assets for everything an RIA needs to work with clients.
The industry has focused almost exclusively on cybersecurity controls over the past few years, instead of understanding what their core obligations and fiduciary responsibilities are for client data.
Can ChatGPT give good financial advice? InvestmentNews fed the algorithm questions to see how its AI stacks up.
This month’s highlights include Envestnet’s entering the RIA custodial business and Docupace’s launch of an RIA Productivity Toolkit.
Plus Brad Weber gets Savvy, iCapital adds 100 to its tech team, and Richr launches an advisory service.
The industry absolutely loves these terms, but jargon obfuscates, intentionally or not, what the product actually does.
Vestwell will provide a small business component for Carson Group’s Complete 401(k) offering that will allow advisors to better scale their small-and-midsize business retirement plan practices.
Rose Palazzo, currently the head of MoneyGuide, will assume Leal's duties as group president of Envestnet Financial Planning.
The decision comes as the company's owner, Tiger Brokers, faces accusations of violating Chinese securities laws.
Fintechs may find themselves mimicking some of the same strategies advisors use to demonstrate the value they bring to clients during difficult markets.
Instead of a single seat on the company's board, activist investor Impactive Capital is now seeking more significant change.
The ever-growing number of items that compliance officers and teams must monitor has made tracking regulatory compliance disclosures more complicated than ever.
Legislation that would make electronic investor communication the default method for disclosures sends a message this year, but will have to be reintroduced next year.
While most adviser-facing fintechs were spared the pain felt across the wider technology landscape, not everyone escaped the year unscathed.
