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LPL, Ameriprise wade into AI applications for advisors
'When I left Ameriprise earlier this year, the company was just starting to talk about AI,' one financial advisor said.
Envestnet revenue falls short of expectations in Q2
Company did meet Wall Street’s expectations for earnings per share at $0.46 and CEO says he expects the Data and Analytics business to stabilize in the second half of the year.
Galvin launches investigation into brokers’ use of AI
The Massachusetts Secretary of the Commonwealth sent letters to firms including JPMorgan and Morgan Stanley to learn how they are using AI with investors.
Will Elon Musk’s X take over financial services? Don’t hold your breath
Advisors raise a collective, skeptical eyebrow as billionaire goes where many other Silicon Valley companies have already tried and failed.
Embrace mobile tech or risk being left behind in next demographic shift
The use of mobile technology is becoming more deeply ingrained in the advisor-client relationship.
Tech in favor, but investors wary of AI hype
Survey reveals investors plan to increase tech allocations but are unsure about how much artificial intelligence will upend business.
Morgan Stanley sells student loan benefits provider to Vestwell
Gradifi, which sold to ETrade in 2019 for $30 million, will expand Vestwell beyond retirement savings.
Concerns percolate about how SEC’s AI proposal aligns with Reg BI
Proposal will be an 'additive regime' that gets layered on, according to lawyer.
Edward Jones named in potential Canadian class action
Investors join nationwide law firm suit.
SEC proposal would require brokers, advisors to remediate conflicts related to use of AI
SEC Chair Gary Gensler says investors deserve to be protected but a critic argues proposal shows 'hostility toward technology.'
Social media’s impact on investing
The uncertain economic environment means the general public can benefit from the experience of a good financial advisor, rather than getting their investment ideas from TikTok or YouTube.
iCapital launches new portfolio construction tool
Architect aims to make alts a core element of portfolios rather than a satellite component.
AdvicePay hires new CEO to succeed Alan Moore
The payment platform brings on fintech veteran Alex Sauickie, who plans to help expand services to banks and broker-dealers.
Savvy launches fully integrated AI platform for advisors
The platform automates processes such as new account onboarding, portfolio recommendations, and personalized financial planning.
Bypassing Wall Street proves costly for P2P crypto exchanges
The peer-to-peer trading digital asset trading platforms are struggling to achieve their decentralized dreams.
Seven fintech companies to feature at second annual Future Proof festival
Six startups and Pershing X will demonstrate how their products can solve real problems for advisors.
Understanding WhatsApp supervision
What financial services firms need to know about the risks of scraping software versus the benefits of an API-based integration.
Your 401(k) likely includes military weapons holdings
Many of the top US fund companies have exposure to companies that make controversial weapons, As You Sow found.
Capturing more wallet share with cash
Yields on cash offerings are higher in current market conditions, a trend that has attracted investors' attention.
Can AI fix digital collectibles slump? No, says $69M NFT creator
With interest in non-fungible tokens having fallen sharply, some think artificial intelligence is the panacea, but it could make things worse.
