Advisor Tech Talk: 11/30/21


By: Gerelyn Terzo 

RIAs are making an expansion push in the final stretch of the year.  Financial advisors shared their preferences for a digital wealth platform. And an opportunity to take a masterclass has emerged.  

  • Cerity Partners: Financial advisory firm Cerity Partners has combined with Bingham, Osborn & Scarborough (B|O|S), a San Francisco-based wealth management firm. The merger deepens Cerity’s West Coast bench including in Silicon Valley. B|O|S chief executive Kevin Dorwin, who was named Cerity’s San Francisco market leader, stated, “Clients will benefit from our combined investment intelligence, robust technology infrastructure, enhanced tax and wealth management advice, and greater scale.” 
  • Kestra Private Wealth Services: Hybrid RIA Kestra Private Wealth Services (Kestra PWS) has expanded with Florida-based Eagle Harbor Advisors including a trio of professionals. Glen Turner, partner and MD, Andrew Wilkins, partner and director of wealth planning, and Girish “G” Navare, partner and director of investment strategies, comprise the team joining Kestra PWS. They boast decades of financial planning experience and are transitioning to independence “to leverage open architecture, cutting-edge technology, unlimited product offerings, and an environment that encourages new and creative solutions.” The team chose Kestra PWS for its culture, resources and management team.  
  • LPL Financial:  Clearview Wealth Partners has joined LPL Financial’s broker dealer, RIA and custodial platforms from Lincoln Financial Advisors. Clearview Managing Partner Bill Roland stated, “We are excited to move to a fully independent platform with LPL’s robust digital technology… We believe our clients will benefit from an enhanced experience right out of the gate with a single portal to access account information, along with full transparency.” Clearview partners with LPL enterprise The Financial Services Network. 
  • Pascal WealthTech: Toronto, Ontario-based Pascal WealthTech published a 2021 advisor tech expo poll in which nearly 50% of financial advisor participants named financial planning as the most important component in a digital wealth management platform. The remaining three options, portfolio management, onboarding, and CRM, each captured 17% of the vote. Pascal’s online poll was performed during the Financial Planning Association of Canada Advisor Tech Expo in mid-November. 

Source: Twitter 

  • RFG Advisory: Tech company and hybrid RIA RFG Advisory is hosting a masterclass webinar series for independent financial advisors on Dec. 2. The series includes a dialog with Zane Tarence, partner and MD of Founders Advisors and creator of the SaaS and Technology Summit, Silicon Y’all. Tarence, who has architected dozens of tech deals in his career, is prepared to help financial advisors uncover “uncover hidden revenue opportunities for 2022 and create a 10x force multiplier effect on the growth of their business,” according to RFG Advisory Founder and CEO Bobby White.
  • Zoe Financial: Digital platform Zoe Financial, which acts like a marketplace to help match consumers with financial advisors, has partnered with RIA Better Money Decisions (BMD), a holistic wealth management firm that specializes in women empowerment. Zoe Financial CEO Andres Garcia-Amaya, a Morgan Stanley alum, said “focusing on women-owned RIA firms is a priority.” Zoe’s network only accepts 5% of financial advisors in the U.S