Happy summer everyone! It was yet another extremely busy week for advisor technology news, and we have all your wealthtech headlines right here.
I always seem to say it was a busy week, but this time, for the second summer in a row, I’m left wondering where the usual news slowdown is. The warm weather season is when people go on vacation, industry conferences take a break, and, in the private sector, not much usually happens (of course, as I type this, in the public sector, departments are rushing to spend money to justify their budget authorizations before their fiscal year ends).
But we have quite a bit of wealthtech goings on, and, as I’ve previously noted, a lot of it is focused around the big emerging financial technologies: blockchains and artificial intelligence.
Blockchains aren’t new—at this point, we’re all hopefully at least cryptocurrency savvy, if not informed about the benefits of blockchain technologies, especially in transactions. The recent news comes from both directions: not only is new technology coming online to help consumers and traditional financial professionals handle and use cryptocurrencies, but a years-long effort to build out blockchain-based financial infrastructure is finally starting to come to fruition.
We’re transitioning to a world where blockchain technology will support almost every conceivable trust-based relationship and every transaction.
Like blockchains, AI isn’t exactly new, though some different types and iterations of AI are beginning to filter their way through to some of the more closely regulated parts of the financial services industry. For the last decade, advisors and their clients have benefitted from AI that can help manage documents and provide limited recommendations for what advisors can do next. We believe that the recent glut of artificial intelligence-related announcements in wealthtech are a sign of the technology’s maturity and the industry’s comfort with using generative AI.
In most of these new deployments, AI is doing more than surfacing next-best actions and scanning our documents—in many cases, generative AI is helping with note-taking and commiunications—but we’re also seeing wealthtechs launch sophisticated agents for advisors and clients to interact with directly, capable of assisting with multiple tasks.
Before moving on to the headlines, I’d like to mention one more area where we’re seeing a lot of interesting technology news: consumer-facing fintechs that offer one or more services or products that were once more or less the exclusive realm of financial advisors. As an example, we’ve recently noted announcements from apps dedicated to special-needs planning services.
That kind of news doesn’t move with the same rhythms as other industry news, it doesn’t seem to take a break to bask in the summer heat like traditional wealthtech news, and wealth management news itself, once did.
Let’s get to your headlines.
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Aidentified
Aidentified, Inc., the leading Wealth Networking Intelligence™ platform, today announced significant enhancements to its product offerings and subscription pricing alongside the strategic hire of Dan Cavanaugh as Head of Wealth Management. These updates mark a major milestone in the company’s evolution as it continues to scale in support of financial professionals and institutions nationwide.
Since its launch in 2019, Aidentified has steadily expanded its market footprint, enhanced its technology platform, and grown its customer base across the financial services sector. To date, the company has raised over $30 million in funding, including a strategic investment from FactSet in 2023. Amid rapid growth and evolving market dynamics, Aidentified remains focused on its core mission: helping financial professionals identify and build sustainable, high-value client relationships.
Aidentified’s redesigned platform goes beyond aesthetics to deliver a more intuitive, insight-driven experience. Strategic updates to the UI and workflow enable financial professionals to move more efficiently from discovery to engagement, ultimately driving stronger relationships and better outcomes for their clients.
Altruist
Altruist, the modern custodian built exclusively for RIAs, today announced a significant rebrand and overhaul of its advisor platform and client portal. Now supporting over 4,900 advisors, Altruist is the fastest-growing RIA custodian according to the 2025 T3 Software Study. The platform has tripled assets under management for two consecutive years and is increasingly attracting larger, more sophisticated high-growth firms, with average firm size up 43% year-over-year.
Key updates include a new logo, color palette, fonts, photography, illustration, and motion guidelines. According to Wenk, the only elements that were off-limits were the name and mission statement.
The rebrand comes on the heels of two major teasers from the company: a new subscription bundling premium features across the platform known as Altruist One, and the debut of Altruist’s flagship AI product, Hazel. To learn more about how Altruist can help advisors build better businesses and stronger client relationships, visit the rebranded altruist.com and contact the Altruist team for a personalized demo.
Conquest Planning
Conquest Planning Inc., (“Conquest”), a technology platform modernizing financial planning with customized and convenient advice, today announced it has raised $80 million USD ($110 million CAD) in Series B funding led by Growth Equity at Goldman Sachs Alternatives. The round attracted additional new investors, including Canapi Ventures, a venture capital firm investing in early to growth-stage software and fintech companies, as well as BDC Capital, Citi Ventures, TIAA Ventures and USAA. Existing investors BNY and Portage also participated in the round, which brings Conquest’s total funding to over $100 million USD.
Conquest was established in 2018 with the foundational belief that financial planning should be accessible, yet bespoke, for retail investors and ultra-high-net-worth families alike. Its artificial intelligence (AI)-powered software enables financial advisors, banks, brokerages, wirehouses, insurance firms and pension providers to offer personalized advice at scale.
Conquest will leverage this fresh capital to accelerate its U.S. expansion, while also funding the continued evolution of its AI-based Strategic Advice Manager (SAM). SAM’s revolutionary AI planning engine performs thousands of complex calculations around every piece of information in an individual’s financial plan, which allows advisors and their clients to quickly and accurately understand the impact of different scenarios on clients’ goals and recommend the next best financial decision. Conquest will continue to invest in its technology to support more robust plan analysis, enable more efficient onboarding and plan creation and create tools and modules that lead to dynamic content creation.
Copia Wealth Studios
Chantico Technology, a leader in machine learning scenario modeling, and Copia Wealth Studios, an AI-powered wealth management platform, today announced a partnership to integrate Chantico’s scenario modeling with Copia’s wealth data platform. The combined offering addresses a specific challenge: stress-testing portfolios that mix traditional securities with private equity, real estate, and other alternative investments.
This collaboration integrates Chantico’s advanced scenario modeling capabilities with Copia’s comprehensive wealth intelligence platform, delivering a unified solution that enhances decision-making across diverse asset classes.
The partnership targets a growing pain point in wealth management: as investors shift toward alternative assets for returns, their ability to assess portfolio-wide risk deteriorates. Standard modeling tools often ignore illiquid holdings or treat them too simplistically. Financial terms of the partnership were not disclosed. The integrated solution will be available to existing Copia clients in Q3 2025, with broader availability planned for Q4.
Daffodil
Daffodil, a Denver-based fintech startup, has launched a giving platform designed to help philanthropic dollars flow faster and farther. Built for donors, nonprofits, and financial advisors, Daffodil brings modern software to charitable giving, with tools for transparency, alignment, and measurable impact. Daffodil is a real-time matching engine that aligns donor intent with nonprofit impact. Powered by verified data, monthly giving plans, and AI-driven tools, it keeps charitable dollars in motion and their impact transparent. The result is a living network of giving – where every dollar moves faster and goes further.
With millions of philanthropic dollars idle or delayed through legacy processes, Daffodil introduces a different approach. Through impact data collection, incentive structures, and intelligent matchmaking between donor values and nonprofit outcomes, Daffodil turns good intentions into consistent action. Daffodil’s infrastructure leverages donor-advised funds, a rapidly-growing option for today’s givers, as an easy solution to help navigate the tax advantages of giving with scaling impact.
Daffodil was co-founded in 2024 by Sarah Angello, Dinesh Nadar, and Blue Thomas, who bring years of experience working together at the intersection of technology, philanthropy, and financial systems. Together, they’ve led impact-driven teams across sectors and shaped the core hypothesis behind Daffodil: Incentivized Impact Enablement, a smarter, more dynamic way to connect philanthropic intent with real-world results. Daffodil is a Blackbaud Social Good Startup Partner.
Envestnet
Envestnet, a leading provider of integrated technology, intelligent data, and wealth solutions, announced today a major advancement to its alternative investment capabilities— professionally managed model portfolios with semi-liquid alternative allocations and alternative ETFs developed in partnership with some of the industry’s leading asset managers and available through Envestnet’s Unified Managed Account (UMA) platform. This initiative is one of several steps Envestnet is taking to facilitate access to semi-liquid and illiquid investments at scale—empowering financial advisors to deliver modern, highly personalized portfolios that reflect today’s evolving market realities.
As the number of publicly traded companies continues to shrink—from approximately 8,800 in the mid-1990s to around 5,400 today—more value creation is shifting to the private markets. In this environment, access to non-traditional assets offers a critical pathway to diversification and long-term portfolio growth beyond the constraints of traditional 60/40 portfolios.
To meet growing demand for access to alternative investments, Envestnet is delivering a modernized, flexible approach to integrating alternatives into client portfolios. Through partnerships with BlackRock, Fidelity Investments, Franklin Templeton, State Street Global Advisors and Envestnet | PMC, Envestnet is launching professionally managed model portfolio strategies with allocations to semi-liquid alternatives and alternative ETFs. These solutions are designed to help advisors deliver greater diversification, income, and long-term growth potential while maintaining operational simplicity.
Exnet.ai
Exnet.ai, the AI-driven wealth-management platform owned by Red Matter Capital, today announced the launch of its RIA Early-Adopter Program. This initiative invites a select cohort of independent Registered Investment Advisors to deploy hyper-personalized investment strategies via an integrated AI robo-advisory engine and machine-learning predictive-alerts framework—complete with end-to-end client analytics, interactive performance reporting, real-time risk monitoring, and intelligent compliance automation.
Designed to provide actionable insights and streamline advisor workflows, the program leverages live market data and advanced algorithms to empower fiduciaries with unparalleled decision-making support.
Fiduciary Exchange
Fiduciary Exchange, LLC (FIDx), an Insurtech leader providing integrated tools that connect financial professionals with insurance companies and asset managers, today announced the closing of new growth capital. Prudential Financial, Inc. (Prudential) was the lead investor in this latest funding round, with participation from Franklin Templeton, Invesco LLC, and Axonic Insurance Services.
FIDx empowers financial professionals through its established Insurance Exchange and the soon-to-launch Insurance Overlays Marketplace. After nearly eight years of operation, FIDx and its platforms currently collaborate with over 20 leading insurance carriers, prominent asset management firms, and wealth management platforms, connecting advisors to an extensive range of commission- and fee-based insurance products.
Strong demand for retirement income solutions such as annuities persists; however, many advisors still find integrating them into client plans overly complex. FIDx addresses this challenge by eliminating barriers created by outdated, disconnected systems, making insurance solutions more accessible and manageable throughout the full product lifecycle within client portfolios.
Fiserv
Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology, today announced plans to launch a new Fiserv digital asset platform, including a new stablecoin (FIUSD) that will be added to Fiserv’s existing banking and payments infrastructure by the end of the year.
FIUSD presents Fiserv customers with access to a new, more efficient, and interoperable digital asset service for their banking and payment flows. Offering FIUSD across the company’s global multi-sided network, which includes relationships with approximately 10,000 financial institution clients and six million merchant locations processing 90 billion transactions annually, will provide instant scale for FIUSD while creating a digital asset network that clients can use to build new products and services. Fiserv plans to enable FIUSD through existing Fiserv technology at no additional cost to clients.
FIUSD expects to use stablecoin infrastructure from Paxos and Circle Internet Group, Inc. (NYSE: CRCL) – with the intention of making it interoperable with several leading stablecoins, and it will be available to Fiserv clients via Solana, one of the most trusted and used blockchains for stablecoins. In addition, the company is exploring the use of deposit tokens to maintain the benefits of stablecoins in a more capital-friendly structure for banks. Fiserv is active in discussions with other potential partners to further expand use cases for stablecoins and tokenized deposits, both in the United States and internationally.
J.P. Morgan
J.P. Morgan revealed a wave of new features including a cutting-edge fixed income experience on the J.P. Morgan Self-Directed Investing platform. The enhancements make it easier for investors to explore and invest in corporate bonds, Treasuries and more.
By simply logging into the Chase mobile app or Chase.com, investors can now access user-friendly tools that simplify the process of finding and trading fixed income products.
Today’s rollout is part of J.P. Morgan’s ongoing commitment to make J.P. Morgan Self-Directed Investing the best online brokerage experience for Chase customers to grow their wealth. In the past year, the firm has introduced fractional shares for over 3,000 stocks and ETFs, tools to compare portfolio performance against major indices, ideas to help clients identify investing opportunities, trust accounts and new investment choices, including margin trading and leveraged, inverse and volatility ETFs.
Nemo
CI&T, an AI and tech acceleration partner, has today announced Nemo, Art of the Possible — a groundbreaking prototype of a financial app created in collaboration with Project Nemo, the not-for-profit grassroots initiative driving to improve disability inclusion in the fintech and financial services industries. Nemo was designed to support any adult with a learning disability in managing their finances more independently and safely.
The prototype is a direct response to the Project Nemo report, Safe Spending for Adults with a Learning Disability, published earlier in June, developed by Firefish, sponsored by Nationwide and commissioned by Project Nemo, with support from Mencap and Dosh.
The report exposed a stark reality: 38% of people with learning disabilities need ongoing help with everyday spending, and 32% do not have a bank account in their own name. It also highlighted how complex banking processes, inaccessible tools, and a lack of personalised support leave many financially excluded and at risk.
Nitrogen
Nitrogen, the leading developer of integrated risk tolerance, proposal generation, investment research, and planning software for advisors, and Advyzon, a comprehensive technology platform and portfolio management solution for financial advisors and investment managers, today announced an expanded integration and sales partnership that delivers the most comprehensive, bi-directional integration between a risk analytics solution and a portfolio management system, redefining advisor efficiency and client service.
Together, these integration points establish a fully unified data environment, helping advisory firms operate more efficiently, communicate more clearly, and scale more effectively.
This collaboration reflects both companies’ shared commitment to innovation and advisor success, and cements the Nitrogen and Advyzon partnership as the most robust, advisor-centric solution in the wealthtech ecosystem.
Nuveen
Nuveen, a global asset manager with $1.3 trillion in AUM1, is acquiring Brooklyn Investment Group (Brooklyn), a leading multi-asset custom direct indexing provider and its parent technology company, Brooklyn Artificial Intelligence, Inc.
The move underscores Nuveen’s conviction in the continued growth of direct indexing and multi-asset tax-managed solutions, which have been one of the fastest growing areas of the asset management industry, having risen to $864 billion in assets at the end of 2024, representing a 43% compound annual growth rate since the start of this decade2.
Nuveen and Brooklyn entered into a strategic partnership in 2023 and together launched traditional direct indexing, tax-advantaged long-short portfolios, and multi-asset solutions that combine tax-advantaged equity and fixed income capabilities to create unified client solutions. Further underscoring our conviction in the opportunity, Nuveen invested in Brooklyn in partnership with TIAA Ventures, taking on a minority stake in 2023.
Optifino
Optifino, the digital BGA radically simplifying the life insurance experience, today announced the addition of two industry veterans to its leadership team. Ventrice Lam has been appointed Chief Operating Officer, and Mark Forman has joined as Chief Marketing Officer.
Lam, a Goldman Sachs alum, brings extensive operational and growth leadership experience across financial services and insurtech. She most recently served as Head of Business Operations at Cartwheel Care, where she orchestrated a multi-state operational expansion strategy. Prior to that, Lam was Head of National Expansion and Insurance Operations at Lemonade, playing a pivotal role in the company’s IPO and acquisition of Metromile.
Forman built his career at the intersection of insurance and wealth management, driving growth through key industry transitions. As a member of the Jefferson National leadership team, he helped lead the sale and transition of Jefferson National to Nationwide in 2017 and, as CMO of RetireOne, helped develop and market the outsourced insurance desk model for RIAs. Most recently, he served as fractional CMO at growth consultancy Intention.ly, advising wealth management industry clients on marketing strategy and execution.
Orion
Orion, a premier provider of transformative wealthtech solutions for financial advisors and the enterprise firms that serve them, today announced the dates and location for Orion Ascent 2026, the financial industry’s signature wealthtech event. This flagship gathering will be held February 24-27, 2026, at the San Diego Marriott Marquis, overlooking the iconic San Diego Bay.
The Orion Ascent 2026 theme, Relentless, will spotlight the fierce commitment and drive that define today’s top advisors, who tirelessly pursue investor success, lead through challenge and change, and passionately deliver excellence in every outcome.
Named a Best Conference for Financial Advisors in 20251, Orion Ascent continues to set the standard for what an industry event can be, combining thought leadership, peer-driven insights, and hands-on technology training to help advisors meet rising investor expectations, scale their businesses efficiently, and stay ahead of change in an increasingly complex environment.
Orion
Orion, a premier provider of transformative wealthtech solutions for financial advisors and the enterprise firms that serve them, today announced the addition of a diverse lineup of separately managed accounts (SMAs) and model portfolios from J.P. Morgan Asset Management to Orion’s platforms.
With these new offerings, advisors can deliver a more tailored, tax-efficient investment experience powered by one of the industry’s most respected asset managers. The launch includes five equity SMAs, along with J.P. Morgan Asset Management’s Strategic and Tactical ETF Model Portfolios—designed to suit different investing styles and market outlooks.
SS&C Technologies
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that Wesleyan Assurance Society (“Wesleyan”), a financial services mutual, has partnered with SS&C to develop its digital-first wealth management platform. The platform builds on Wesleyan’s long-term existing relationship with SS&C, which has served as the fund transfer agent for the Wesleyan Unit Trust Managers range of funds for over 20 years.
Following a competitive tender process, Wesleyan selected SS&C Hubwise to deliver the new platform, which will broaden the range of investment and retirement products available to Wesleyan’s specialist financial advisers and their customers. The platform will give Wesleyan advisers centralized access to open and manage accounts and investments while offering an enhanced, modernized user experience. SS&C will also provide customer service support under the Wesleyan brand.
Access to the offering will open to a select pilot group of advisers in June 2025.
