Hello and welcome to another Advisor Tech Talk, where we run down all the week’s headlines involving wealth management technology providers—and yes, there were a lot of announcements, even in a week interrupted by the federal holiday in the U.S.
It also so happens that your faithful editor-in-chief is on a family vacation this week, so we’re going to dispense with the types of introductions we’ve offered over the past few months—there will be no pithy editorializing, nor will there be a rundown of the hubbub in the greater wealth management industry itself—we’re just going to keep it short and sweet.
But as Columbo used to say near the end of every episode, there’s “Just one more thing” that we need to discuss: Larry Restieri is officially taking the reins as CEO of Hightower from Bob Oros, who served as the firm’s CEO since 2019.
With that out of the way, let’s get to your wealthtech headlines.
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Acrisure
Acrisure today announced the signing of a definitive agreement to acquire Global Payments’ (NYSE: GPN) payroll business, Heartland Payroll Solutions (“Heartland Payroll”), one of the leading payroll and Human Capital Management (HCM) companies in the United States for $1.1 billion.
Upon completion of the transaction, Heartland Payroll – which will be rebranded after closing – will significantly expand Acrisure’s current payroll and HCM capabilities and advance its mission to become the preeminent fintech solutions provider for millions of small and medium-sized businesses domestically and abroad.
Heartland Payroll currently provides payroll solutions, HCM software, and other business services to more than 50,000 clients. Vince Lombardo will join Acrisure as part of the transaction and serve as the CEO of Heartland Payroll, leading its existing best-in-class management team.
AdvisorEngine
AdvisorEngine®, provider of an end-to-end wealth management platform, announced its integration with TradePMR, a custodian services provider for independent registered investment advisors (RIAs) at TradePMR’s SYNERGY25 conference.
The integration enables advisory firms to unite AdvisorEngine’s robust wealth management platform with TradePMR’s Fusion platform, setting the stage for an engaging and personalized advisor-client relationship.
Advisory firms can take advantage of AdvisorEngine’s portfolio management tools – including trading and rebalancing, performance reporting and fee billing – and its fully white labeled, modern client portal and data-centered CRM.
Axos Clearing
Axos Clearing, an operating subsidiary within Axos Financial, Inc. (NYSE: AX), is pleased to announce a new strategic relationship with Alden Investment Group, a fast-growing, independent wealth management firm redefining the advisor experience through innovation, flexibility, and independence. As a forward-thinking custodian and clearing firm, Axos Clearing shares Alden’s commitment to building modern, client-and-advisor-focused solutions. This partnership reflects the alignment of both firms’ missions to empower advisors through integrated technology, operational efficiency, and client-centric solutions in today’s dynamic financial landscape.
As a partner-owned independent firm operating both a full-service broker-dealer and a registered investment adviser, Alden Investment Group is intentionally building a platform to meet the modern advisor’s needs—combining best-in-class tools with dedicated support across both RIA and brokerage business lines. To do so, Alden sought a clearing partner that could match its versatility, support a broad range of services, and accelerate its ability to scale with confidence. Axos Clearing stood out for its modern infrastructure, commitment to customization, and the power of Axos Complete™—a fully integrated technology suite that connects front, middle, and back-office operations.
Through this partnership, Alden will leverage Axos Complete™ to streamline operations, empower advisors with an intuitive professional workstation, and elevate the client experience through a fully branded digital portal. The result is a unified, secure platform that enables advisors to manage relationships and planning tools more efficiently—while giving clients real-time access to banking, investment accounts, and reports in one connected experience. This integration supports Alden’s continued focus on growth, innovation, and service excellence at scale.
Broadridge
Broadridge Financial Solutions, Inc. (NYSE: BR) a global Fintech leader, has joined forces with Novisto, a pioneer of enterprise sustainability software, to introduce an advanced sustainability data management and reporting platform for companies worldwide. Servicing clients in over 100 countries, Broadridge is at the forefront of empowering public companies to navigate an increasingly complex reporting landscape through advanced, scalable solutions. This strategic collaboration underscores Broadridge’s commitment to delivering innovative technologies that address rising global demand for comprehensive sustainability and non-financial reporting, enabling organizations to meet evolving investor expectations, simplify third-party questionnaires and rating agency requests, optimize supply chain transparency, and enhance stakeholder engagement on a global scale.
Broadridge’s corporate issuer division serves over 3,400 public companies in the US alone, providing a broad range of critically important corporate solutions that revolve around shareholder meetings & proxy, corporate governance and sustainability, regulatory filings and disclosure, and stock transfer services. Together, Broadridge and Novisto are delivering a unique market-leading suite of solutions that creates a one-stop shop for sustainability data management, peer benchmarking, and strategic consulting. This true end-to-end offering is designed to simplify the process of collecting, analyzing, auditing, and reporting sustainability data.
As companies navigate the dual challenges of growth and compliance with increasingly complex global regulations, the need for reliable sustainability data is more critical than ever. In November 2024, the IFRS Foundation reported that globally, “30 jurisdictions are on the journey to introducing ISSB Standards in their legal or regulatory frameworks.” The demand for consistent and standardized reporting continues to grow worldwide, and companies need robust data management platforms to ensure they can meet the enhanced disclosure demands.
Cetera
Cetera today announced the appointment of Andina Anderson as Managing Director, Digital Solutions, and head of RIA Blueprint – a purpose-built platform central to Cetera’s Wealth Hub strategy. In this expanded leadership role, Anderson will oversee strategic growth across Cetera’s rapidly scaling segment of affiliates’ Registered Investment Adviser (RIA) firms.
RIA Blueprint, as part of Cetera’s connected ecosystem, delivers core infrastructure, modern technology, and specialized compliance services through dedicated support teams for each advisor seeking to launch or grow their own RIA. It plays a critical role in Cetera’s multi-affiliation model, enabling personalized growth pathways for independent and hybrid advisors.
Anderson brings more than 20 years of experience in financial services, with a deep focus on platform sales, relationship management and enterprise advisor solutions. Anderson’s recent leadership roles include serving as Managing Director at Envestnet and head of Tamarac, where she led advisor and enterprise engagement strategies across the RIA channel, followed by Chief Customer Officer with financial services firm Juniper Square.
Kashable
Kashable, a mission-driven fintech platform Redefining Credit for Working Americans as an employer-sponsored voluntary benefit, today announced the closing of a $250 million credit facility. This financing will allow Kashable to continue to provide equitable, affordable credit and financial wellness solutions to employees and expand its reach to employers throughout the U.S.
Nomura Corporate Funding Americas, LLC served as the lead lender and agent in the facility. Kashable also continues to be supported by Apollo Global Management through its lending arm, MidCap Financial, with a separate lending relationship.
This milestone financing follows Kashable’s Series B equity round in January 2024 and brings its total capital raised to nearly $400 million across equity and debt.
SUBSCRIBE
SUBSCRIBE, the global fintech company that digitally transforms investment workflows for alternative asset managers, institutional investors, wealth managers, law firms, and fund administrators, today announced the launch of SUBSCRIBE Altscape®, a digital marketplace connecting leading alternative asset managers with hundreds of global wealth management firms.
The marketplace is designed to innovate the platform model and be the first to not charge asset managers an assets under management (AUM) based placement fee on marketplace transactions. SUBSCRIBE’s solution currently serves over 50,000 financial advisors across 600 wealth management firms who can enable SUBSCRIBE Altscape® through their platform interface. Additionally, over 3500 alternative asset managers that are currently supported by SUBSCRIBE’s alts operating system for investor onboarding and electronic subscriptions can seamlessly list their funds for discovery and digital transactions by wealth management firms on SUBSCRIBE Altscape®.
Private markets AUM will grow more than twice the rate of public assets, reaching $65 trillion by 2032, according to Bain & Company. Private wealth firms are expected to triple their alternatives allocations over that period, increasing their total share to 22% from 16% in 2022. SUBSCRIBE’s wealth management business serves close to 50,000 financial professionals across broker-dealers, private banks, and registered investment advisors (RIAs). Over 600 RIAs use the alts operating system to centralize reusable client investor data passports, complete subscription documents, and leverage data integrations with custodians, CRMs, and reporting software. For complex independent broker dealers and private banks, SUBSCRIBE delivers a fully customized, integrated, white-labeled, and compliant solution to manage and scale large private market programs.
TIFIN
TIFIN @Work, the leading AI-powered platform unifying retirement, workplace benefits, and wealth, announces that it has secured a key strategic multi-year partnership with HUB International (HUB), a leading global insurance brokerage and financial services firm, to integrate TIFIN’s solution into HUB FinPath, the firm’s wellness platform, to elevate participant engagement in the retirement plans it administers on behalf of its client.
With more than 9,400 retirement plans, $178 billion in assets under administration, and 1.8 million employees served through its Retirement and Private Wealth (RPW) practice, HUB is a market leader in workplace financial services.
The collaboration was supported by Franklin Templeton, a strategic investor in TIFIN and a long-time advocate for innovation in the workplace and retirement ecosystem.
TIFIN
Concurrent Investment Advisors, LLC (“Concurrent”), a leader in wealth management solutions, is expanding its partnership with TIFIN @Work by leveraging the power of TIFIN AG (AG). With AG’s AI-powered solution, Concurrent empowers advisors to gain deeper insights into each client’s financial life, enabling more comprehensive guidance and driving better wealth outcomes.
Using artificial intelligence (AI) and advanced machine learning (ML) algorithms, AG analyzes data to help advisors identify key opportunities, guiding more targeted and impactful client interactions. For investors, the expanded partnership means more personalized financial guidance tailored to their individual goals, helping them make better investment decisions, save more, and optimize their retirement plans. For Concurrent, this expansion represents a strategic opportunity to deepen client relationships while driving sustainable business growth.
As part of the partnership, TIFIN and Concurrent will collaborate on marketing initiatives, including customized content designed to further engage retirement plan participants and underscore the value of comprehensive wealth management relationships.
TradeStation Securities
TradeStation Securities, Inc. (“TradeStation”), an award-winning†, self-clearing online brokerage firm for trading stocks, options, futures, and options on futures, today announced it has ad’ded CME Group’s new XRP futures contracts to its suite of offerings.
With this addition, TradeStation continues to expand its suite of cryptocurrency derivatives, offering eligible clients access to both micro-sized (2,500 XRP) and large-sized (50,000 XRP) XRP futures contracts.
The XRP futures contracts are cash-settled and based on the CME CF XRP-Dollar Reference Rate, a once-a-day reference rate of the U.S. dollar price of XRP, published daily at 4:00 p.m. London time.
Visory
Visory (visory.net), a leader in cybersecurity and compliance for financial institutions, announces the successful deployment of its SecureCompliance™ platform at Modern Wealth Management, a firm managing over $6 billion in assets. The partnership has enabled Modern Wealth to rapidly enhance its cybersecurity and compliance operations, ensuring robust protections for sensitive client data as the company scales.
With more than 180 employees and 6,700 clients, Modern Wealth needed a comprehensive cybersecurity program but lacked in-house IT or security expertise. They turned to Visory for a solution tailored to their growth trajectory and reliance on tools like Microsoft 365.
Visory’s SecureCompliance™ offers the benefits of a virtual Chief Information Security Officer (vCISO) at a fraction of the cost. The AI-powered platform, paired with expert support, delivered:
Vontive
Vontive, the technology company standardizing the business-purpose mortgage, today announced several first-of-their-kind data products designed to transform how private capital flows into investment real estate. Before Vontive, the entire credit asset lifecycle—from origination and underwriting to servicing and aggregation—had to be done manually. Vontive’s platform automated these processes, and its latest features add an unprecedented level of insight, intelligence, and efficiency to facilitate investments. Separately, Vontive also announced an equity investment from Citi and its first $150 million revolving securitization, further highlighting Vontive’s momentum in driving private credit real estate investment at scale.
The news comes at a critical time, as financial institutions actively seek higher-yielding exposure to U.S. mortgage credit. Underscoring demand, the yield spreads on traditional bonds have reached historically tight levels while private credit is expected to grow to $2.8 trillion by 2028. Innovative solutions, like Vontive, are needed to channel private credit effectively and address housing market needs amid a chronic and worsening shortage of affordable housing.
Vontive’s data-driven infrastructure solves the fundamental challenge of scaling access to private credit: standardizing what has historically been a highly fragmented and complex market. Leveraging deep expertise in the mortgage industry, Vontive built its underlying components to work together as a flywheel to deliver unparalleled transparency and efficiency. Its latest data products include:
YCharts
YCharts, a leading investment research and client engagement platform trusted by financial professionals across North America, has launched Household Portfolios and Folders, two new features designed to help advisors streamline proposal creation, improve reporting, and better serve clients with complex needs.
Household Portfolios allow advisors to group multiple accounts under one view, making it easier to analyze total asset allocation, performance, and account-level impact. A key differentiator is the new Transition Analysis tab, which enables advisors to model how an entire household could be reallocated. Whether consolidating into a single portfolio or aligning accounts with a target strategy, the tool automatically analyzes cost basis to identify the most tax-efficient approach. This helps advisors optimize reallocation plans and communicate next steps with clarity. Proposal reports now include household-level summaries and asset allocation visuals, giving advisors a clear and compelling way to present recommendations to clients and prospects.
Folders offer a centralized way to organize key components of the advisor workflow. In this initial release, advisors can begin organizing key elements of their workflow—such as Portfolios, Custom Securities, Fund Charts, Risk Profiles, and Reports—into Public or Private Folders, with additional tools to be supported over time. This structure simplifies prep and improves consistency across teams.
Zocks
Zocks, an innovative, privacy-first AI platform that turns client conversations into actionable data and insights, and Commonwealth Financial Network (“Commonwealth”), a national RIA dedicated to providing financial advisors with holistic, integrated business solutions, announces its partnering to implement Zocks’ technology across Commonwealth’s advisor network.
The collaboration reflects Commonwealth’s focus on scaling advisor efficiency in a way that strengthens the firm’s client-centric approach. Commonwealth selected Zocks as its exclusive partner for its advisor–specific design, accuracy and depth of data capture, its ability to accelerate pre and post meeting workflows, and its robust enterprise user management and compliance controls.
Zocks stood out to Commonwealth for its user experience and unique use of customizable templates that help advisors prioritize meeting outcomes. The platform’s ability to sync tasks directly to client and household records in CRM added further value by reducing manual data entry and strengthening continuity across client interactions.
