Hiring Right
Financial advisors frequently turn to technological tools to boost efficiency and drive growth—and with good reason. Nearly two-thirds (63%) of advisors say their firm’s technology saves them time,...
View ArticleSchwab execs declare RIA transition from TD a success
Labor Day weekend this year marked more than the unofficial end of the summer. It also marked the end of TD Ameritrade’s custodial platform for independent financial advisors. Over the weekend, 3.6...
View ArticleImplications of the SEC rulemaking agenda
Outsourcing. Custody. Cybersecurity. Data privacy. Private funds. Predictive data analytics. And much more. The SEC’s ambitious and fast-paced rulemaking agenda will have significant consequences —...
View ArticleTwo startups merge into $1.2 billion digital family office
Two digitally native wealth management firms are merging into a digital family office serving entrepreneurs, professionals and retirees. Compound, a financial and tax advisory service for technology...
View ArticleFlourish Cash increases FDIC coverage, interest rate to meet advisor demand
Flourish Cash, a division of fintech company Flourish that provides registered investment advisors with access to cash management, announced Friday it is increasing its top-tier annual percentage...
View ArticleAssetMark CEO Natalie Wolfsen leaves for top job at Orion
Natalie Wolfsen has stepped down as chief executive of AssetMark Financial Holdings to take over as the new CEO of Orion Advisor Solutions, a competing technology and turnkey asset management...
View ArticleWealthtender announces acquisition of AGC
Wealthtender, an independent find-an-advisor website and SEC-compliant online review platform, has announced its acquisition of AGC, an online community for financial advisors. The acquisition will be...
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The latest in financial #AdvisorTech — September 2023
The September 2023 issue of the latest in financial #AdvisorTech kicks off with the news that WiserAdvisor, one of the longest-running lead generation services in the industry, has acquired IndyFin, a...
View ArticleWall Street weighs pros and cons of AI as Washington gets to work
Washington is sprinting to keep pace with the AI revolution. So where does that leave Wall Street? Adobe, IBM, Nvidia and a handful more of technology companies signed President Joe Biden’s voluntary...
View ArticleSEC Chair Gensler fires back at GOP critics
Republican senators blasted a range of SEC rule proposals Tuesday — from mutual fund reform to a measure targeting advisor and broker conflicts when using artificial intelligence — while the agency’s...
View Article3 in 10 Americans would put buying the latest tech ahead of paying bills
With Apple having unveiled its latest product range this week, a new report reveals how some Americans may put buying the iPhone 15 ahead of their bills. LendingTree’s research found that while most...
View ArticleEnvestnet partners with iconik for personalized proxy voting
Proxy voting for investors is about to become a whole lot easier. Envestnet and iconik, a voting technology provider, announced Monday they’re teaming up to provide enhanced proxy voting solutions for...
View ArticleAltruist eliminates software fees for RIAs
Altruist has played the latest card in its ongoing efforts to woo independent advisors to its asset custody platform. The Los Angeles-based company previously charged registered investment advisors $1...
View ArticleHandcuffed by marketing inertia?
Bartlett Wealth Management celebrated its 125th anniversary this year. One of the firm’s core beliefs is caring for clients and developing deep, meaningful relationships with them. New advisor...
View ArticleNew Jersey chooses Vestwell to administer retirement savings program
Digital record keeper Vestwell continues to grow as program administrator for state retirement plans. On Tuesday, New Jersey announced that it selected Vestwell to run its Secure Choice Savings...
View ArticleMastering technology to serve more clients
Advisers are retiring in droves. Between the pending retirements of Gen Xers and the Baby Boomers’ need for retirement income strategies and estate planning, firms are already stretched thin, and...
View ArticleFarther closes Series B funding round to gain $131M valuation
A Series B funding round has raised $31 million for Farther, as backers including Lightspeed Venture Partners joined existing investors to more than double its valuation to $131 million. For Taylor...
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Wall Street hit with latest wave of fines in SEC WhatsApp probe
A fresh slate of Wall Street firms agreed to collectively pay tens of millions of dollars to U.S. regulators over their employees’ use of unmonitored communication channels on the job. The...
View ArticlePortals are good for clients and for you, FPA study reveals
Technology is playing an increasingly important role in wealth management and financial planning, and combined with a great human advisor it is a potent mix. But for financial planners there’s one...
View ArticleSavant boosts advisors’ 401(k) management with Pontera partnership
Financial advisors with Savant Wealth Management are gaining additional capabilities to provide professional 401(k) management for their clients. The RIA firm has partnered with Pontera to offer a...
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