Happy Memorial Day! As someone who worked their way through school in a hospital emergency department, I’m accustomed to at least putting in a little serious work when most other people are taking a day off—and it’s a good thing, too, because there was a lot of wealthtech and wealth management news that needed reporting.
We’ll start with a typical rundown of the hubbub in wealth management, where Los Angeles-based Lido Advisors announced that it was being staked by funds from HPS Investment Partners, which join Charles Bank Capital Partners as major investors in the wealth management behemoth. Speaking of investment, Hightower put some chips into $2 billion AUM Dallas-based Smith Anglin
Westport, Conn.-based Third View Private Wealth was founded by three advisors exiting Procyon Partners—the new firm will launch with around $8 billion in assets, according to reports. While Morristown, N.J.-based Simon Quick Advisors announced its expansion Texas with a team of advisors in Dallas.
Nearby, Parsippany, N.J.-based Summit Financial announced an investment in Montgomery, Ala.-based Parsons Broach Financial Services. Summit also added $313 million AUM Edina, Minn.-based Grandview Square Financial. New York-based Steward Partners acquired Moore’s Wealth Management, adding $700 million in assets. Chicago-based The Mather Group acquired Pillar Wealth Management Inc., a Walnut Creek, California-based wealth management firm with over $200 million in assets under management. Austin, Texas-based Bluespring Wealth Partners launched Alpharetta, Ga.-based ClariVise Private Wealth on its platform.
Mary Beth Storjohann will reportedly step down from her co-CEO position at Santa Monica, Calif.-based Abacus Wealth to found her own RIA, Allora Wealth. Santa Monica, Calif.-based Angeles Wealth Management announced the appointment of Ellevest veteran Cameron Rogers, CFA®, as Partner.
Additions, hires and promotions were also annoujnced by Portland, Maine-based Great Diamond Partners, Elk Grove Village, Ill.-based Porte Brown Wealth Management, New York-based Summit Trail Advisors, Tampa-based Concurrent Investment Advisors, Birmingham, Ala.-based Regions Bank and Cleveland-based Prosperity Capital Advisors, .
Houston-based Oak Harvest Financial Group launched Oak Harvest 401(k) Business Services to provide retirement plan administration and fiduciary administrative services for businesses. Boston-based Moors & Cabot announced the expansion of their support staff with the creation of a Risk Mitigation & Income Solutions Team (RM&IS).
We’ll take just a moment to mention another recent report, this time from Ernst & Young (EY), which included a global survey of 3,600 wealth management clients. In the 2025 vintage of its EY Global Wealth Research Report, the firm found that almost one-in-three clients, 29%, were planning to change advisors, with fees being a primary cause for change—even among ultra-high-net worth clients, there is a preference for fixed or performance-based fees over fees based on AUM.
Also eye-opening were EY’s findings on AI. Among the wealthy, 60% of clients expect their wealth management providers to incorporate AI into their services—only one-fifth of these clients had no expectations around AI.
Let’s get to those wealthtech headlines.
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Acrisure
Acrisure today announced it has entered into a definitive agreement for the issuance of new convertible senior preferred stock in a $2.1 billion capital raise led by Bain Capital. Funds from the round will be used to refinance a portion of its existing non-convertible preferred stock, pursue strategic accretive M&A and accelerate its development as a tech-enabled financial services platform, advancing its strategy to become the preeminent fintech solutions provider for millions of small- and medium-sized businesses domestically and abroad.
The investors involved in the transaction include Bain Capital Special Situations, Fidelity Management & Research Company, Apollo Funds, Gallatin Point Capital, BDT & MSD Partners, and a consortium of other investors. No existing investor exited as part of this transaction. BDT & MSD remains the largest minority shareholder in Acrisure through affiliated funds.
Going forward, Acrisure will continue to expand its footprint and product offerings through strategic, accretive M&A, fully integrating the platform created through its previous 900 acquisitions, and driving organic growth with its robust suite of tailored offerings, which now includes real estate services, cybersecurity tools, payroll and payment processing, and retirement/wealth solutions.
Amplify Platform
Amplify Platform (“Amplify”), a unified all-in-one wealth management platform for financial services, announced today it has hired Mark Fischer as the company’s first chief operations officer (COO). Fischer joins Amplify’s expanding C-suite roster as the firm continues its recent trajectory of record growth.
A financial services veteran with three decades of relevant experience, Fischer will lead Amplify’s day-to-day operations with a strong focus on client success. In his new role, he will oversee relationship management, onboarding and training client service teams, and implementing strategies to scale operations and support the firm’s continued growth. Fischer’s extensive industry expertise will be instrumental in helping Amplify operate more efficiently, respond more effectively to client needs and deliver an enhanced, relationship-driven client experience.
Prior to Amplify, Fischer served for more than a decade at Charles Schwab Asset Management, where he held COO and chief financial officer (CFO) roles. During his tenure, he led key operational and financial functions for the Schwab Asset Management platform, which has approximately $1.2 trillion in discretionary assets under management (AUM). Fischer also serves on the board of the Colorado chapter of the Alzheimer’s Association.
BetaNXT
BetaNXT, a provider of wealth management technology solutions with real-time data capabilities and an enhanced advisor experience, announced today certain affiliates of BetaNXT have acquired Delta Data, a provider of global investment fund solutions. With the acquisition, BetaNXT continues to strengthen its ecosystem of wealth management technology solutions.
Delta Data is expected to expand BetaNXT’s suite of product capabilities with trade management, mutual fund sub-accounting and revenue management for wealth managers; and transfer agent functionality, fee management and compliance tools for asset managers.
Founded in 1985, Columbus, GA-based Delta Data specializes in providing operational software solutions tailored to three primary segments of the asset management industry—fund distributors, asset managers and transfer agents. Its technology supports and streamlines mutual fund transaction processing and related data management, driving efficiency and mitigating risk. Its existing customers include four of the top 10 U.S. banks, three of the top five U.S. retirement plan recordkeepers, and 23 of the top 25 U.S. asset managers.
Carry
Carry, the financial platform designed to help users grow wealth by optimizing taxes, today announced the launch of Smart Yield, a next-generation investment alternative to traditional high-yield savings accounts. Smart Yield helps users optimize after-tax cash returns through automated allocations to strategic money market funds, many of which can be federal, state, or local tax-free.
Smart Yield is designed for users who want their idle cash to work harder without sacrificing liquidity or tax efficiency. The product aims to automatically select the optimal money market mutual fund based on each user’s tax inputs, such as filing status, state residence, and income, and reallocates accordingly as yields and market conditions change.
Smart Yield joins Carry’s growing suite of tools for independent professionals. Smart Yield optimizes for tax-equivalent yields, which are net of underlying fund expenses but not inclusive of Carry Advisor’s annual advisory fee of 0.20%.
Cetera
Cetera, the premier financial advisor Wealth Hub, today announced the appointment of Keyur Desai as Chief Data and Analytics Officer, a newly created role reporting to Christian Mitchell, Chief Solutions Officer. Desai will lead the firm’s enterprise data strategy, advancing Cetera’s capabilities in analytics, AI, and advisor intelligence across its integrated ecosystem.
Desai joins Cetera with a proven track record as a transformational leader, having previously served as Chief Data Officer at organizations including TD Ameritrade. His appointment comes at a pivotal time for Cetera, as the firm accelerates its Wealth Hub strategy – enabling holistic practice management and delivering real-time insights that power productivity, personalization, and growth.
At the core of Cetera’s growth strategy is the belief that data is the connective tissue of the modern wealth management experience. Desai will lead efforts to scale advisor intelligence platforms, enhance practice analytics, and embed data insights throughout Cetera’s end-to-end lifecycle, from lead generation to succession planning. His work will directly support Cetera’s community-led approach and five-channel architecture, empowering advisors across independent, institutional, tax and RIA segments.
Cosmic Wire
Cosmic Wire, a pioneering technology company behind blockchain-based memory, compression and spatial web infrastructure, has entered a strategic partnership with Sovereign Wealth Management Pte Ltd. (SWM), a high-level strategy firm and capital syndicate. The collaboration is set to accelerate the development and deployment of decentralized infrastructure across global systems, from finance to digital identity, through blockchain memory, volumetric data and the spatial web.
The partnership combines Cosmic Wire’s innovations of compression-based memory, volumetric intelligence and the RYSK protocol to solve the critical bottleneck between blockchain theory and real-world adoption. Where SWM brings sovereign-grade capital, global financial networks and tokenization expertise, Cosmic Wire provides the missing technical layer and a framework where value and data move seamlessly across physical and digital worlds. Together the companies are enabling nations and enterprises to operate natively on the blockchain with trustless efficiency at scale.
SWM has historically focused on early Bitcoin mining, sovereign tokenization and bridging the gap between decentralized technologies and nation-state finance. The partnership with Cosmic Wire signals a push toward sovereign-anchored blockchain ecosystems that are spatially aware, tamper-proof and designed for a post-platform era.
CreditSights
CreditSights, a leading provider of research, analysis, data, and news for global credit markets, announced today the launch of AdvisorEdge, the latest product addition to its wealth management service, CreditSights Wealth. Designed to digitally enhance the Advisor and Client relationship, AdvisorEdge provides insights, data, and analysis to support improved investment returns, risk management, and elevated client engagement.
By offering access to research, recommendations, and detailed company analysis for over 1,200 fixed income issuers, AdvisorEdge delivers valuable insights through tailored solutions, aligning client investment preferences with improved investment returns. AdvisorEdge is available via web and API feed, enabling digital connectivity to advisor and client investor portals through growing partner networks.
Fisher Investments
Fisher Investments, one of the world’s largest independent, fee-only investment advisers, launched Fiduciary.com, a comprehensive resource to help educate investors about the wealth management industry.
Fiduciary.com explains the importance of investment fiduciaries, the fiduciary standard, common misconceptions about fiduciaries, and offers practical guidance for evaluating and selecting a wealth manager. Fiduciary.com defines the different types of investment professionals in the industry and their varied care standards. The educational resource also explains why investors should consider additional factors in their due diligence process, like firm structure, fees, values, asset custody and experience.
Focus Financial Partners
Focus Financial Partners Inc., an interdependent partnership of wealth management, business management, and related financial services firms, today announced the appointment of Mark Israel as Chief Technology Officer, effective May 27, 2025. Mr. Israel joins Focus at a pivotal moment in its evolution as the company accelerates its technological and digital transformation in pursuit of reimagining the client and advisor experience.
As Chief Technology Officer, Mr. Israel will spearhead Focus’s forward-looking, enterprise-wide technology strategy, guiding innovation across key areas that include infrastructure, wealth management platforms, client interfaces, data and AI, cybersecurity, and corporate technology systems. A key priority for Focus is driving further connectivity between technology and advice to best meet the evolving needs of clients and advisors. Reporting directly to Justin Ferri, Focus’s Chief Operating Officer, Mr. Israel will play a vital role in this effort, aided by a team of senior technology leaders with deep experience across the RIA and broader financial services spaces.
Mr. Israel has more than 30 years of experience working in financial services and technology. He most recently served as Executive Vice President for Technology and Transformation at Fisher Investments. He has also been a Partner at PwC helping lead transformation in Asset and Wealth Management and has held roles at Sapient Global Markets and Charles River Development.
iCapital
Cambridge, a leading independent financial solutions firm serving 3,800 financial professionals across the country, announced it has expanded its relationship with iCapital1, a global fintech platform driving the world’s alternative investment marketplace for the wealth and asset management industries. The expanded relationship will provide Cambridge financial professionals with enhanced access to alternative investment vehicles, research, and education.
Cambridge’s financial professionals can now access the full scope of iCapital’s platform including asset class level strategies and products, education, and research insights in alternative investments, driving significant value for financial professionals and their high-net-worth clients.
In 2023, Cambridge launched its Private Client Solutions (PCS) offering to address demand for HNW and ultra-high-net-worth (UHNW) client solutions from its financial professionals. A major component of those offerings was access to alternative investment vehicles, research, and education. PCS provides Cambridge financial professionals with the resources, solutions, and personal support they need to deliver a customized service experience to HNW and UHNW clients. This expanded relationship with iCapital will further enhance these capabilities.
Integrity
Integrity, LLC (“Integrity”), a leading distributor of life and health insurance, and provider of wealth management and retirement planning solutions, today announced it has partnered with LMT Financial, an independent marketing organization based near Orlando, Florida, and led by Jonathan Mason. Financial details of the partnership were not disclosed.
LMT Financial has established a solid foundation of success based on resilience, perseverance and a willingness to evolve with the insurance marketplace. Its proven leadership development and training program creates strong professionals and future leaders who thrive when given an opportunity. As one of the fastest growing agencies in the country, LMT Financial helps families protect their legacies and achieve financial security by offering life insurance and annuity products. The agency is also very involved in financial literacy education events in the community and committed to supporting active military members and veterans.
An Integrity partnership provides agencies like LMT Financial access to proprietary technology, exceptional resources and industry-leading support designed to expand service opportunities and accelerate business growth. Integrity’s technology platform combines instantaneous quoting and enrollment with streamlined policy management. This solution is integrated with Ask Integrity™, an AI-powered, voice-activated customer relationship management technology that offers agents in-the-moment prompts, coverage recommendations and policy lifecycle reminders. Additional impactful benefits such as access to exceptional data and analytics, outstanding leadership guidance and ongoing innovation also guide the decision-making and growth of Integrity partners.
Osaic
Osaic, Inc. (“Osaic”), one of the nation’s largest providers of wealth management solutions, today announced the launch of Osaic CapitalHub (“CapitalHub”) in partnership with Community Capital Technology Inc (“CCT”). The collaboration introduces a digital loan marketplace to Osaic’s network of wealth management firms and financial professionals.
By integrating CCT’s proprietary platform and national loan originations network, CapitalHub enables advisors to connect clients directly with a broad range of banks, credit unions and financial institutions, delivering faster, more efficient access to debt capital. Designed to enhance efficiency, liquidity and transparency across the entire loan lifecycle—including originations—CapitalHub reflects a shared vision between Osaic and CCT to modernize a historically fragmented market.
CapitalHub builds upon Osaic’s growing network of strategic partners and reflects the firm’s mission to ensure advisors have the solutions, support and flexibility they need to make a difference in their clients’ lives. It creates new opportunities for advisors to broaden their value proposition through streamlined lending access and increased optionality – powered by CCT’s extensive lender network, which spans more than 1,400 financial institutions nationwide. Notably, there is significant crossover between CCT’s lender network and Osaic’s own financial institution partners, further strengthening alignment and outreach.
Pocketnest
Pocketnest, the woman-founded financial wellness platform, integrates with CU*Answers’ digital banking solution, It’s Me 247 online banking. The integration delivers hyper-personalized financial guidance to more than 200 credit unions and the 2.1 million members they serve nationwide.
Pocketnest’s latest digital banking integration with CU*Answers kicks off with Frankenmuth Credit Union, the first to launch Pocketnest through the CU*Answers digital platform, with other network credit unions soon to follow suit.
With more than 50 enterprise clients, including MSU Federal Credit Union, Community Financial Credit Union, MAPS Credit Union, and ELGA Credit Union, Pocketnest increases member financial wellness by an average of 57 percent and identifies millions of dollars in cross-sell revenue for credit unions.
Seeds
Seeds (formerly ‘Seeds Investor’)—a fintech company enabling advisors to create a personalized investing experience and streamline portfolio operations—today announced the successful completion of a $10 million Series A funding round led by Portage, with continued participation from investors Social Leverage and Blank Ventures. This investment highlights growing demand for advisors to provide customized investing at scale without compromising the personal touch that makes them unique.
Founded by financial advisors driven to provide client-centric investing experiences, Seeds has raised more than $15 million to date. This latest round allows the firm to accelerate product advancements, support strategic growth with high-impact hires, and solidify its market position as a leading investment experience platform for registered investment advisors (RIAs).
The total RIA market has grown substantially since 2019, with total AUM skyrocketing from $91.7T to $141.5T. At the same time, increased demand for a more personalized investing experience is taxing advisors’ operational processes. As growth and personalization place demands on advisors’ time and resources, identifying opportunities to simultaneously streamline workflows while deepening client connection is becoming a top priority at advisory firms of all sizes.
SEI
SEI® (NASDAQ:SEIC) today announced that TrinityBridge has expanded its strategic partnership with SEI, adopting SEI Sphere® for unified managed services across cloud, cybersecurity, and network operations. SEI Sphere modernises enterprise technology and data infrastructure to help organisations operate securely and efficiently in an increasingly complex digital landscape.
Already leveraging the SEI Wealth Platform℠ and SEI Data Cloud, TrinityBridge is the first UK/EMEA client to implement SEI’s award-winning managed services platform, embracing its integrated suite of market-leading technology and operational solutions to drive digital innovation and fuel long-term growth. By adopting a unified approach and drawing on SEI’s extensive IT expertise, TrinityBridge can gain enhanced enterprise visibility and unlock long-term operational value.
The Sycamore Company
Leading wealthtech firm The Sycamore Company (Sycamore) today announced that it has signed an agreement with Arete Wealth, a leading broker-dealer and registered investment advisory, to provide the firm with the Sycamore platform.
The powerful and integrated platform is built on Salesforce and will help Arete drive efficiencies and deliver better business outcomes through access to solutions for data management, compliance, compensation management, advisor management, and client management.
The cloud-based Sycamore platform drives greater efficiency across remote workforces and multiple workflows by ensuring the right data is acquired, normalized, and accessible to meet multiple compliance, operational, and advisor transparency and client-servicing requirements. Sycamore stands out for its commitment to maintaining the highest quality of data.
Wealth.com
Wealth.com, the leading digital estate planning platform for financial advisors, today announced plans for its first annual industry-wide event: The Estate Planning Conference, taking place Jan. 26-28, 2026, at the Montelucia Resort in Scottsdale, Arizona, which has been reserved in its entirety for attendees. Designed to unite financial advisors, estate planners and wealth management leaders, the conference will feature more than 15 hours of CFP® continuing education (CE)-level content, world-class speakers and a fully immersive resort experience dedicated to education, collaboration and community.
Attendees will gain access to top-tier insights from a roster of leading experts and thought leaders who are shaping the future of estate planning and finance. By establishing a dynamic platform for estate planning education, Wealth.com is setting a new standard for professional development in the wealth management space. The Estate Planning Conference will further empower advisors to integrate estate planning with confidence and help firms meet evolving client needs while deepening trust and value. It is open to all financial professionals with firms of any size and all affiliations. For those unable to attend in person, Wealth.com will share select sessions and key takeaways online, helping to ensure the educational impact reaches the broader industry.
This announcement builds on a period of rapid momentum for Wealth.com, which now serves as the preferred estate planning platform for more than 1,000 wealth management firms. Over the past year, Wealth.com has attracted funding from Google Ventures, Charles Schwab and Citi Ventures, which continues to fuel its evolving platform. In March, the company unveiled its Scenario Builder—the industry’s first all-in-one estate planning modeling tool—enabling advisors, planners and estate attorneys to evaluate the potential impacts of various strategies on a client’s estate. Together, these advancements reflect Wealth.com’s continued appeal as well as its commitment to meeting the growing demand for modern, scalable estate plan.
Wealthbox
Wealthbox, the highest-rated CRM software for financial advisors, today announces a new enterprise CRM agreement with Tucker Asset Management, a leading advisor network and aggregator based in Littleton, Colorado. This enterprise agreement brings Wealthbox to 85 users across Tucker Asset Management’s home office and affiliate advisory firms.
Tucker Asset Management selected Wealthbox for its enterprise-ready multi-workspace configuration, which allows the firm to maintain centralized oversight while enabling individual offices with autonomy and tailored CRM experiences. The firm was also attracted to Wealthbox’s powerful integration with their custodian’s digital account opening tool, which is available as an automation within Wealthbox workflows, streamlining the account-opening process for advisors and clients alike.
As part of the transition, Tucker’s home office is moving from Microsoft Dynamics to Wealthbox, while many of the firm’s affiliated advisors are making the switch from Redtail.
