Just like most of us this summer, July’s WealthTech news is hot. Here’s our Word on WealthTech for five recent headlines (plus a bonus):
iCapital’s recent integrations into BNY and Orion is part of a mega trend pushing alts to the forefront of how both large and small advisory firms manage portfolios. Increasing numbers of marquee managers are integrating into iCapital’s automated platform, and we believe it’s a sign that iCapital is playing up its strong technology and operational capabilities as they lead the way in making alts mainstream.
Randy announced on his LinkedIn that he will start a new role in the fall. We always take notice when WealthTech leaders like Randy, who have made a significant impact on the industry, decide to do something new. At this point, we can only speculate where he will land, but wherever it is, we know it will be somewhere that people should pay attention to; we certainly will.
It didn’t take long for AI notetaking to take off and now we’re seeing the bigger players like Jump accelerate integrations, announcing eMoney and RightCapital within a week of each other. It’s a signal of just how much agentic AI will reengineer the daily operations of our industry. AI is moving from a tool on your desktop to one that enables platform operations; and, threatens the supremacy of the CRM. To read just how much AI will rewire wealth management systems, we recommend reading this article by Craig Iskowitz.
RISR provides specific areas of value for wealth creators by helping advisors guide their clients on business transitions. It’s outside of financial planning and estate planning and is a critical need that was unmet by any firm. Many business owners are unprepared to go through this type of transition or capital event. Using RISR is a huge wallet share opportunity as well as a defensive opportunity against larger firms poaching clients coming into capital.
Dynasty’s UMA launch deserves a spotlight in our industry. This new partnership with some of the largest asset managers in the country, including an alts exposure is unique and will enable firms to improve operational efficiency without forgoing portfolio complexity. For firms seeking this direction, this advancement appears to be a gold mine.
We’re excited about our latest acquisition because we see it as a milestone in F2’s growth that shows maturity in our ability to help larger institutions and move into asset management and servicing. Traditionally, F2 focused on wealth and advisory. It will now service three verticals: wealth, bank and trust, and asset servicing. Clients of both F2 and Aliter will benefit from a broader set of capabilities, including AI-driven solutions, platform modernization and go-to-market strategies.
We expect to see the technology headlines continue in wealth management headlines over the next few weeks. These moves will define the remainder of 2025.
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