AlphaTrAI, a tech-enabled service provider for the wealth and asset management industries, has made significant additions to its leadership team and executive advisory council.
The firm has appointed Robert Marsh as head of asset management technology services and Matthew Higgins as head of compliance consulting technology.
“Maximizing our capabilities to support the dynamic needs of this industry requires having the right team to deliver consistent and exceptional client service,” AlphaTrAI Chairman and CEO Bill Dwyer said in a statement.
The new appointments are part of AlphaTrAI’s ongoing efforts to enhance its capabilities following its deal last week to snap up Anchor Advisory Services, a provider of scheduling and sales management solutions for the financial services sector.
Marsh, who will lead the asset management technology services division, brings over three decades of experience in markets and investing. He previously held senior roles at Tudor Investments and Kensho Technologies, which was acquired by S&P, and most recently served as chief information officer at the nonprofit JUST Capital.
Higgins, who will oversee compliance consulting technology, spent 23 years at Putnam Investments, where he played a key role in developing compliance tools and overseeing global distribution compliance efforts.
"Rob and Matt complement the recent acquisition of Anchor Financial," said AlphaTrAI president John Sweeney, who joined the firm's leadership in April. "Rob will help build out our investment capabilities, and Matt will leverage AI to scale compliance oversight for our clients.”
Industry veterans John L. "Launny" Steffens, Catherine A. Saunders, and Larry Anders have also joined the company's executive advisory council.
Steffens, who founded Spring Mountain Capital in 2001, had a distinguished 38-year career at Merrill Lynch, where he grew the firm’s Private Client Group from $200 billion to $1.6 trillion in AUM. Saunders, with 37 years in the asset management industry, held multiple senior roles at Putnam Investments, including head of its RIA business and private bank and trust.
Anders, a veteran in the life insurance industry, co-founded Anders Smith and Associates and Summit Alliance Financial.
“The successful acquisition of Anchor, incredible additions to our executive team, and investments from Launny, Cathy, and Larry, each an industry titan, [give us] a strong foundation to enter our next phase as a leading AI-enabled technology solutions provider for the wealth and asset management industries,” Dwyer said.
Zocks has inked an exclusive partnership with mega-RIA Hightower, while Jump becomes the choice AI operating system for Equitable Advisors' field force.
The agency's proposal to rescind the contentious 2024 Biden-era mandate opens up a 60-day public comment period.
The Carmel, Indiana RIA grew nearly 150% in assets since severing ties with its first backer following a FINRA dispute.
Meanwhile, Raymond James' employee arm adds a defector from D.A. Davidson, and South Carolina-based RIA Ballast Rock Private Wealth recruits a new advisor.
A FINRA arbitration panel sided with a former wealth manager fired over a $642 deli platter and a disputed client event.
As $84 trillion prepares to change hands, advisors who treat estate planning as peripheral are quietly building a sieve, not a book.
In volatile markets, the advisors who win aren't the ones with the best calls - they're the ones whose clients stay the course.
