Fintech firms Tifin at Future Capital are bolstering their presence in the retirement advisory space with newly inked new RIA parnerships.
Tifin announced its AI-powered workplace growth platform, Tifin @Work, is collaborating with RIA aggregator Concurrent Advisors to deliver personalized financial solutions.
Under the partnership, Tifin @Work will provide AI-driven insights to help employees fine-tune their financial strategies, including optimizing their paycheck contributions and making plans to support long-term goals. Concurrent, meanwhile, will use its advisory expertise to help deliver clear, actionable outcomes for employees as well as employers and advisors.
"Concurrent's rapid growth has been built on our ability to deliver personalized, scalable solutions that meet the unique needs of clients," Casey Bates, managing director of strategy and growth at Concurrent, said in a statement Wednesday. "Our partnership with Tifin@Work strengthens our offering, combining cutting-edge AI technology with our proven advisory strategies to create financial solutions with real impact."
"This partnership is about creating better wealth outcomes with tailored solutions that truly make a difference," added Marc McDonough, CEO of Tifin @Work.
Elsewhere, Future Capital, the tech-enabled RIA platform with a focus on personalized retirement solutions, struck up a partnership with AssuredPartners Investment Advisors, an affiliate of AssuredPartners.
The collaboration will give APIA's financial professionals access to Future Capital’s Construct platform – which it launched in April – allowing them to manage clients' held-away 401(k) assets, customize portfolios, identify rollover opportunities, and unlock more potential revenue streams from those relationships.
Jay Jumper, founder and CEO of Future Capital, emphasized that many clients hold "a sizable portion of their wealth" in retirement accounts, and argued that being unable to help clients pursue their goals by optimizing those assets "is doing them a disservice."
"Advisors require access to their clients’ held-away retirement assets to truly offer holistic financial planning," Jumper said in a Tuesday statement. "Our partnership with AssuredPartners Investment Advisors extends sophisticated retirement plan management tools to help financial professionals serve their clients comprehensively."
"As advisors who deeply appreciate their fiduciary duty, our advisors have been longing for a seamless way to manage their clients’ whole financial lives," said Justin Callaham, president of APIA.
Mercer, Focus Partners Wealth, Mariner, Creative Planning and Captrust top the leaderboard tracking AI search results for RIA firms.
"We believe this model will help younger investors – and any investors who value a hybrid advice experience,” said Ryan Robson, principal at Edward Jones.
Conte Wealth Advisors reportedly has $1.4 billion in client assets and 20 advisors.
The Cleveland-based RIA's latest tie-up extends the firm's national footprint into the Golden State, where opinions continue to be split over a contentious billionaire wealth tax proposal.
Meanwhile, Cetera has welcomed a family-run practice from Commonwealth, and a Merrill advisor joins an existing UBS team in Connecticut.
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