Family offices have always had to consider the trade-offs between customization and price when putting together their tech stacks.
A new study by the research firm Backend Benchmarking estimates the high cash allocation in the company's automated portfolios may have cost investors more than $500 million over six years.
Despite the slump, 12 wealthtechs raised mega-rounds and a growing interest in alternative investment platforms also drove funding in adviser technology.
The platform, called the SS&C Advent Insurance Marketplace, allows advisers to access a range of fee-only products through Black Diamond Wealth Platform and DPL's proprietary Product Discovery tools.
The company unveiled a new tool, called My Financial Plan, that is certainly akin to the work done by financial advisers, but is stressing publicly that it is not eying an avenue back into the wealth management business.
Fintechs have the opportunity to confront race and gender wealth gaps by creating more opportunities for wealth building and investing.
The leading TAMP by assets is racking up the number of advisers on its platform and new accounts are opening at a faster pace than prior quarters, said CEO Bill Crager in an earnings call.
The Securities and Exchange Commission chairman called on lawmakers to expand the agency's investor protection mandate to include crypto trading and decentralized finance. Cryptocurrency assets are worth roughly $1.6 trillion.
The San Diego tech firm will use the funds to expand its offerings to RIAs and explore registering as a broker-dealer.
FMG Suite is giving advisers mobile access to content marketing, which relies on sharing online content to drive client engagement. Digital marketing solutions is slated to be the largest planned increase in net spending for an adviser’s tech stack throughout the year, according to the InvestmentNews Adviser Technology Study.
Fabric will offer access to MSCI's factor-based risk model that is designed to provide institutional risk management tools to advisers.
The digital payments platform says the acquisition of the Australian buy now, pay later company will allow it to capitalize on the shift away from traditional credit, especially among younger consumers.
Recent hires at the advisory firms come at a time when the fastest-growing RIAs are embracing technology tools at higher rates than their peers.
AssetMark reported a 33.8% increase in AUM following a recent pivot to offer products tailored to registered investment advisers.
The rights to the use of the empower.com domain are at the heart of the suit, which was filed in federal court in Illinois.
Robinhood hit the public market after experiencing dramatic growth and heightened scrutiny throughout a pandemic year.
Robinhood, whose IPO is slated for Thursday, disclosed in a filing that Finra is seeking registration information about its personnel, including the non-registration status of CEO Tenev and co-founder Bhatt.
As a result of increased digital business development, 68% of all advisers met or exceeded their client growth goals.
Assets serviced by iCapital have exploded to $80 billion across more than 780 funds to date, up from $46 billion in March 2020.
The Spark Institute's standards build upon DOL cybersecurity guidance to provide more clear-cut practices designed to defeat retirement account fraud.
