For the love of God and all things holy, please don’t stop taking notes.
Welcome to another Advisor Tech Talk, a pleasantly plump early summer edition of our headlines column, where we have a good deal of interesting wealth management news to get to.
First, however, let me risk pulling an Emily Litella by responding more to a headline and lead than the data and text of someone else’s story, this being a bit of sponsored content titled “What happens when financial advisors stop taking notes” written by Diana Cabrices from financial advisor AI provider Jump, which wanted to look into what happens when advisors use AI notetakers.
The idea being that a bit of sponsored research would show that new-world AI notetaking tools, like the ones Jump makes available, one, take more detailed notes and automatically summarize conversations for participants, but, more importantly, two, they transform client conversations by freeing up not just a financial advisor’s hands, but their eyes and ears and, generally, more of their attention.
Which, from personal experience, is certainly true. We are a journalist, and before we bought ourself a personal recorder (they used mini-cassette tapes back in those wonderfully analog old-world days), we learned to scratch out a legible, intelligible shorthand and type with near-transcriptionist speed to follow and accurately quote conversations and meetings. Even after we had a recorder (eventually a pen-sized digital recorder, then a standalone recorder was eschewed altogether for software on a smartphone or other mobile device), we learned that we needed to keep taking notes.
We’ve written a little about how some researchers believe reliance in AI is changing the way people think and reason. Maybe it’s an age thing, but from early on in our education, notetaking was part of being an active, thoughtful listener and retaining the knowledge from readings, presentations and conversations not just on the page, but in our minds where, by thought alone and with no permanent record, it could be analyzed and manipulated in ways that we would never want to work with information on the page or, especially, on a screen.
When we first received a recorder, however, we stopped taking notes in order to be “fully present” in meetings and conversations, whatever that meant. As a result, we did get more of a sense of what was going on with the people we were talking to through body language and facial expressions and intonation, and perhaps we were more expressive ourselves—but the actual content of what was being discussed went in one ear and out the other. Recording without notes in those days sometimes meant hours afterwards spent listening and transcribing, where, hopefully, a point could be found. We wouldn’t have the context of expressions or gestures on those relistens, just the audio. The value is in being able to put it all together in real time—the content of speech, the visual cues, in as complete a context as possible, and that can only happen in real time. If we’re the one taking the notes, we can even apply multiple systems of thought, in the Kahneman-Tversky sense, to a problem or topic in real time. Today, we, like financial advisors, have tools that will transcribe and summarize our conversations, but they can’t put us back in the moment like our memories can—memories built with vivid detail and specificity because we were actively taking notes.
Maybe we’re the outlier, and it’s just how our brain works, but we can’t imagine that they will ever replace notetaking for us. There’s a skill in taking up-to-the-moment notes and finding the key point, killer question and groundbreaking quote in real time that AI-reliant journalists are never going to develop, and that will atrophy in AI-dependent journalists.
One of the most disconcerting things for us, on the client side of the world, was the first time we went to a doctor and realized they were no longer taking notes on a history and physical form. There’s a discipline to conducting patient conversations, reasoning and arriving at a working diagnosis based on an initial complaint that an AI aide may be able to replicate, but to lose such skill in our physicians seems unthinkable. Why even bother seeing a human physician if they’re so reliant on a computer? We want a physician who balances the wisdom of old-world skills while harnessing the benefits of new-world technology.
As we write this, we’re wondering what skills might atrophy or never develop in financial advisors should they become too reliant on AI notetaking.
Let’s get to your headlines.
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AE Wealth Management
To help advisors deliver more personalized wealth management, AE Wealth Management, a leading RIA and wealth management turnkey asset management platform (TAMP) with more than $50 billion in assets under management, today announced the launch of its securities-based lending solution.
The move recognizes that many clients routinely need access to capital for a variety of reasons such as short-term cash flow needs such as business investments, real estate purchases, education funding and more. AE Wealth’s securities-based lending solution provides advisors with a sophisticated planning tool to help clients meet those needs without having to sell their long-term holdings and trigger unnecessary capital gains taxes. It creates personalization on how liquidity is accessed.
The solution, available to individuals, trusts, and organizations, allows clients to borrow against their eligible investments — including their stock, bond, ETF, and mutual fund holdings — with no fees or prepayment penalties and the flexibility to draw or repay funds as needs evolve.
APRIL
APRIL announces the launch of its APRIL Moto application within OpenAI’s ChatGPT, becoming one of the first insurance providers to offer access to a personalised insurance quote directly through a conversation with artificial intelligence.
This innovation marks a new chapter in insurance distribution. Users can now obtain a personalised insurance quote simply by interacting with ChatGPT, without having to complete complex forms or follow a traditional purchasing journey.
The APRIL Moto application engages users in a conversation, gathers details about their vehicle, personal circumstances, and cover needs, then connects in real time to APRIL Moto’s pricing engines to generate a personalised quote tailored to their individual requirements. Users can then continue their journey and complete their purchase in just a few clicks.
BetaNXT
BetaNXT, a leading provider of wealth management technology solutions with real-time data capabilities and advanced AI innovation, today announced a partnership with DeepSee, the control plane for financial operations, to help wealth management firms proactively identify and address client and advisor attrition risk. As part of the collaboration, the companies have launched RetainX, an AI-driven retention intelligence solution that advances BetaNXT’s AI roadmap through predictive analytics and actionable insights.
By combining BetaNXT’s extensive wealth management data foundation and processing infrastructure with DeepSee’s full-stack orchestration (FSO) of financial operations, the partnership is designed to help firms surface earlier signals, generate more actionable insights and respond more effectively to client and advisor needs.
The partnership reflects BetaNXT’s strategy to embed AI and advanced analytics across its platform through targeted collaborations that deliver scalable, outcome-focused solutions for wealth management firms.
Broadridge
Fispoke Inc., a private banking and lending platform built for the independent wealth market, today announced a strategic collaboration with Broadridge Financial Solutions, Inc. (NYSE: BR) to expand access to lending and private banking capabilities for RIAs, independent advisors, broker-dealers, and wealth platforms. By combining Broadridge’s securities-based lending infrastructure with Fispoke’s advisor-facing digital experience and distribution across the independent channel, the collaboration will help wealth firms deliver integrated lending and liquidity solutions traditionally concentrated within wirehouses and private banks.
Demand for integrated lending solutions continues to grow as advisors seek to help clients access liquidity without disrupting long-term investment strategies. Many independent firms remain limited by fragmented referral models or the burden of building lending capabilities in-house. The partnership addresses this by embedding lending within a broader private banking experience that fits existing advisor workflows — without requiring a change in custodian — connecting investments, cash, and credit within a single client experience. Clients will access these capabilities through Fispoke’s white-labeled platform, powered by Broadridge’s lending infrastructure.
The collaboration also creates a strong foundation for continued innovation in areas such as AI and tokenization. AI has the potential to help advisors better identify client liquidity needs and simplify lending workflows, while tokenization is expected to enable greater efficiency and connectivity across assets, cash, and credit solutions over time.
CAIS
Eagle Point Credit Management (“Eagle Point”), an innovative private credit investment manager, today announced it has joined the CAIS platform. CAIS is the leading alternative investment platform for independent financial advisors.
Through CAIS, Eagle Point will be connected to more than 2,000 wealth management firms and 62,000 financial advisors who can review a curated selection of alternative investment solutions on the CAIS platform. Eagle Point Enhanced Income Trust (the “Fund”), an interval fund providing exposure to Eagle Point’s multi-strategy credit platform, is now available as Eagle Point’s first offering on the CAIS platform. Eagle Point is the sponsor of Eagle Point Enhanced Income Trust, a closed-end management investment company registered under the Investment Company Act of 1940. Class I Shares of the Fund (Ticker: ENHIX) generated a year-to-date total return of 6.71%1 as of May 31, 2026, demonstrating the strength of Eagle Point’s multi-strategy credit approach amid broader market volatility and paid an annualized distribution rate of 11.2%.2
An interval fund is a professionally managed investment company registered as a closed-end fund under the Investment Company Act of 1940 and is widely viewed as an investor-friendly alternative product due to its transparent nature. Interval funds generally calculate NAV daily, offer liquidity events in the form of periodic share repurchases and provide simple tax reporting via Form 1099. Eagle Point uses the interval fund structure to offer institutionally managed investment strategies, which are not generally available to the broader market, to financial advisors and their clients. Following completion of a thorough due diligence review, Eagle Point Enhanced Income Trust was added to the CAIS platform to provide CAIS’ advisor network with access to a differentiated interval fund.
Continuum
Carte Financial Group, the Ontario-based financial services organization, today named Continuum the exclusive AI client intelligence system for its national network of over 1000 independent advisors. The agreement brings Continuum to financial advisors at Carte Wealth Management Inc. and extends to its insurance professionals through Carte Risk Management Inc., one of Canada’s fastest-growing MGAs.
Carte was founded in 2007 on a planning-first model, in which financial planning drives the product recommendation rather than the other way around. Independently owned and present in every Canadian province, the group pairs advisor autonomy with the governance and operational support an independent practice requires. Continuum operates on a complementary belief: the surest way for an advisor to grow is exceptional client service, and technology should reduce the administrative work that competes with it.
Carte advisors will have access to Continuum, which captures client meetings without sending a bot into the call, whether the conversation happens over Zoom, Microsoft Teams, a softphone, or across the table. Each meeting becomes a compliance-ready summary, an updated client profile, and follow-up tasks. Pages, Continuum’s interactive branded microsites, give clients a polished, trackable record of every meeting. And because the Carte network spans wealth and insurance, the same system follows the client relationship wherever it goes, from portfolio reviews to policy decisions. All data remains encrypted and stored on Canadian soil.
Feathery
Feathery, the AI operating system for insurance and wealth management enterprises, today announced the launch of AI Portfolio Submission Analytics, a new offering designed to help insurance carriers turn historical submissions into actionable portfolio intelligence.
In today’s soft market, understanding why business is won or lost has become increasingly important. Yet most carriers leverage only a small fraction of the information contained within submissions, extracting just the fields needed for rating or underwriting while leaving valuable insights locked away in unstructured documents, bind decisions, underwriting guidelines, and supporting materials.
Feathery’s AI Portfolio Submission Analytics changes that by analyzing the full body of submission information across thousands of historical submissions, surfacing patterns and insights from data points that carriers may not currently use for rating or underwriting decisions. Powered by Feathery’s document intelligence capabilities, the offering automatically discovers and structures common data points, correlates submission characteristics with bind outcomes, and surfaces patterns related to appetite alignment, broker performance, emerging risks, and growth opportunities.
FINTRX
FINTRX, the leading private wealth intelligence platform for asset managers and other investment professionals, today announced that it has successfully completed its SOC 2 Type 2 examination.
SOC 2, short for System and Organization Controls 2, is a security and compliance standard developed by the American Institute of Certified Public Accountants (AICPA). It looks at how technology companies manage and protect customer data over time against five criteria: security, availability, processing integrity, confidentiality and privacy.
The independent audit examined how FINTRX designs and runs its security controls over an extended period, not just at a single point in time. The results provide independent verification that FINTRX controls were suitably designed and operating effectively. This assurance sits alongside FINTRX’s recent ISO 42001 certification for AI governance.
Franklin Templeton
Franklin Templeton, a global investment leader, today announced the launch of its Preferred Partner Program (P3), an expansion of its Canvas platform that enables third-party asset managers to offer tax-managed versions of their proprietary investment strategies through Canvas.
The program extends Canvas’s personalization and tax management capabilities beyond Franklin Templeton product, allowing selected managers to deliver their investment philosophy with a systematic tax overlay that combines traditional alpha and tax alpha within a single portfolio experience.
Through Canvas P3, MFS Investment Management, Federated Hermes and T. Rowe Price will now offer select systematically tax managed strategies in partnership with Franklin Templeton. These strategies, starting with separately managed accounts, will pair each manager’s investment expertise with Canvas’s tax overlay capabilities, which are designed to target after-tax outcomes while maintaining alignment with the manager’s investment approach.
iCapital
iCapital1, the global fintech company shaping the future of investing, today announced an integrated partnership with UMB Fund Services (UMBFS), a subsidiary of UMB Financial Corporation (NASDAQ: UMBF) and a national leader in registered and alternative investment fund administration services, to further expand the deployment of its distributed ledger technology (DLT) into the operating layer of fund administration. This collaboration extends iCapital’s blockchain-enabled network to support UMBFS’s fund ecosystem, connecting a critical part of the alternatives ecosystem through a shared data framework designed to improve operational efficiency and scalability.
As advisor and client demand for alternative investments grows, operational complexities across the ecosystem continue to obstruct the investment lifecycle. Industry participants face mounting pressure to scale onboarding, servicing, and data management processes without additional operational burden. By leveraging distributed ledger technology to standardize key workflows, iCapital and UMBFS are establishing the infrastructure needed to support the next phase of industry growth.
The integration enables UMBFS to leverage iCapital’s DLT-enabled infrastructure to facilitate the secure exchange of investor and fund data across participants. By creating a shared data model across onboarding, subscription processing, and servicing workflows, the solution reduces manual touchpoints, minimizes reconciliation requirements, and improves operational coordination throughout the investment lifecycle.
ICE
Intercontinental Exchange (NYSE: ICE), one of the world’s leading providers of financial market technology and data powering global capital markets, and OKX, one of the world’s largest global blockchain technology company serving more than 120 million customers worldwide, today announced the formation of their joint venture focused on building next-generation infrastructure for tokenized and digitally native financial products.
Subject to certain regulatory approvals, it is expected that the joint venture will operate as a U.S. registered broker dealer and FCM for the purpose of enabling OKX’s customers in the U.S. and overseas to access ICE futures and NYSE tokenized equities markets. The 50-50 venture will also explore adjacent opportunities for regulatory-compliant blockchain-enabled markets.
The joint venture will be co-chaired by ICE and Governor Andrew M. Cuomo. Cuomo, who served as New York’s 56th governor, New York State Attorney General, and Secretary of Housing and Urban Development, began working with OKX in 2023.
Linvo
Linvo AG, a Zurich-based multi-family office and wealth management firm, today set out its vision for the year ahead, naming applied artificial intelligence as the centre of its strategy for 2026 and opening a new set of AI advisor roles to deliver it.
The firm sees the coming year as the point at which AI moves from a support tool to a core discipline within wealth management — shaping how portfolios are analysed, how clients are served, and how advisory teams spend their time. The new AI advisor roles are intended to anchor that shift inside the firm.
Linvo expects the investment to define its trajectory over the coming years, positioning the firm at the front of a Swiss wealth sector still finding its footing with the technology.
LTX
LTX, an AI-powered corporate bond e-trading venue backed by global Fintech leader, Broadridge Financial Solutions, Inc. (NYSE:BR), today announced the launch of new agentic capabilities in its award-winning BondGPT application that enable users to create AI agents that advance investing and trading workflows on the LTX trading platform. Agentic capabilities include monitoring real-time market conditions, surfacing opportunities, and taking other predefined actions such as creating a trade ticket or launching a trade on their behalf.
Beyond receiving fast answers to complex bond-related questions, BondGPT users can now easily create agents using simple instructions that can take trading workflow actions when user-defined market conditions take place. BondGPT agents can generate automated alerts, create trade tickets, make dealer selections, launch RFQs, accept prices to automatically execute, and other workflow tasks, all under trader-defined parameters and human oversight. BondGPT’s agentic AI-powered capabilities are designed to help users safely delegate select tasks while keeping the trader in control. Guardrails include human-in-the-loop approvals, policy-driven limits on trade size and scope, built-in explainability before all actions, and full auditability of all actions.
The launch comes amid continued growth across the LTX platform, with Goldman Sachs, J.P. Morgan, TD Securities (through its subsidiary, TD Financial Products LLC), Morgan Stanley, and Bank of America recently joining as fully integrated liquidity providers. Together with more than 40 liquidity providers and 100 buy-side institutions on the platform, the expansion underscores growing industry adoption of LTX’s AI-powered trading ecosystem.
Mili
First State Financial Management (FSFM), the wealth management subsidiary of First State Community Bank, has selected Mili as its AI platform. FSFM advisors serve individuals, families, and businesses across Missouri, with client relationships that often extend across generations.
Wealth management’s largest firms have spent this year moving advisor AI from pilots to full rollouts, built in-house on technology budgets that run into the billions. Community banks anchor the other end of the industry. They are the only physical banking presence in roughly one of every five American counties, and their advisory programs have long operated with a fraction of the technology available to national firms.
FSFM advisors run their client meetings on Mili from start to finish: preparation drawn from the firm’s own records, real-time notes across in-person, phone, and virtual conversations without recordings or bots, updates written back to the firm’s CRM, and follow-ups drafted in each advisor’s voice. Every document Mili produces carries the firm’s own disclosures.
Parrot Finance
Bitwise Asset Management, the global crypto asset manager with more than $11 billion in client assets, and Parrot Finance, a next-generation RIA that uses an intelligent recommendation engine to automate personalized investing and mimic top-performing strategies, today announced the availability of Bitwise’s crypto model portfolios on Parrot’s platform. For Parrot clients, who collectively hold over $200 million in assets on the platform, the new offering provides a curated framework for accessing the $2.5 trillion digital asset class.
The rollout marks the latest milestone in Bitwise’s entrance into the model portfolio solutions space. Model portfolios have become an increasingly important tool for financial advisors looking to capitalize on third-party expertise in developing client allocations, providing a seamless and scalable way to invest in emerging themes. From 2023 to 2025, assets tracking third-party model portfolios grew from $400 billion to more than $645 billion, a 62% increase.1
Bitwise’s model portfolios leverage the research and specialist expertise of Bitwise to select crypto-themed ETPs for different investor profiles and risk preferences. “Core” models offer broad exposure to the crypto ecosystem, while “thematic” models give investors the ability to fine-tune their positioning by emphasizing specific themes, such as risk-managed exposure or crypto assets beyond bitcoin. The models are monitored and rebalanced systematically to mitigate target portfolio asset-allocation drift.
Pontera
High-quality financial advice remains out of reach for many Americans due to systemic barriers in the retirement industry. A new post-event brief released by the Aspen Institute Financial Security Program, sponsored by Pontera, argues that achieving retirement security is a system design challenge requiring a coordinated effort across policy and technology.
The Refinery brought together leaders across financial services, policy, technology, and research to explore a central challenge: how to expand access to affordable, personalized, and holistic advice in a retirement system that remains fragmented for many households. A key conclusion from the discussion was that closing the advice gap will require more than a single product or policy change. It will take coordinated progress across the retirement ecosystem, including modernized policy infrastructure, responsible use of technology, and delivery models that can serve more savers without sacrificing personalization or consumer protections.
The brief also highlights the importance of addressing long-standing barriers that can prevent workplace retirement accounts from being considered alongside the rest of a saver’s financial picture. For many households, 401(k)s and other workplace-sponsored accounts represent a significant share of retirement wealth, yet they are often managed separately from broader planning decisions around taxes, risk, income, and long-term goals.
Prizm
Merit Financial Advisors, a leading wealth management firm serving individuals, families, and business owners across the United States, today announced a strategic partnership with Prizm, the first and only digital insurance platform built for personal-lines insurance.
Merit advisors will now be able to offer clients a streamlined, technology-enabled insurance experience through Prizm’s platform, helping clients more easily review, purchase, and manage home, auto, umbrella, and other personal insurance coverage as part of their broader financial plan.
The partnership reflects a growing industry trend toward integrating insurance into holistic wealth management, giving advisors more influence into clients’ financial lives while improving client outcomes and reducing friction around insurance planning.
SEI
SEI® (NASDAQ:SEIC) today announced the appointment of Matt Provencher as Global Head of Enterprise Professional Services. In this newly established role, Provencher will lead the expansion and scaling of SEI’s Professional Services offering across markets, further strengthening SEI’s role as a strategic partner in helping clients transform their businesses.
Provencher will be responsible for advancing SEI’s enterprise-wide professional services strategy and establishing a scalable delivery model that supports clients across SEI’s ecosystem of platforms, technology, and operational solutions with platforms and services such as SEI Data Cloud, business model optimization, systems integration, cybersecurity and network orchestration, AI and automation architecture and activation, and business process outsourcing. He will report to Sanjay Sharma, CEO of SEI International and Global Head of Private Banking and Wealth Management, and collaborate closely with sales, relationship management, technology, and operations leaders across the organization.
Provencher joins SEI with more than two decades of leadership experience in financial services and professional services. Most recently, he served as President of North America Banking, Financial Services and Insurance at NTT DATA, where he led the professional services business across sales, delivery, operations, and financial performance. Throughout his career, Provencher has demonstrated a strong track record of building scalable platforms, driving revenue growth, leading enterprise-wide initiatives to enhance operating performance, strengthen governance, and accelerate growth.
Vestmark
Vestmark, Inc., a leading provider of wealth management technology and services, today announced a major milestone in the continued expansion of its investment advisory capabilities, with Vestmark Advisory Solutions (“VAS”) surpassing $50 billion in assets under management following fivefold growth over the past 18 months. The milestone comes as Vestmark marks its 25th anniversary and builds on its core portfolio management platform through rapidly expanding advisory services and accelerated development of AI-enabled wealth technology.
VAS, Vestmark’s SEC-registered investment adviser subsidiary, has grown rapidly over the past 18 months, reflecting increased demand from wealth management firms seeking to expand personalized, tax-aware portfolio management at scale. Through VAS, Vestmark helps firms extend their investment advisory capabilities with services including tax management, tax transitions, direct indexing, Model Marketplace access and outsourced investment support. VAST, offered through VAS, is Vestmark’s industry-leading tax overlay solution, providing active tax overlay and optimization across indices, separately managed accounts, ETFs, fixed income, and other securities within a unified managed account structure.
Founded in 2001 to offer a modern alternative for portfolio accounting, trading, and rebalancing, Vestmark has grown into one of the industry’s leading wealth management technology platforms, supporting 6 of the 10 largest managed account program providers. Today, the company supports more than $2 trillion in assets, more than five million investor accounts, and more than 72,000 financial advisors, providing capabilities across unified managed accounts, direct indexing, tax optimization, model portfolio delivery, and fixed-income management.
YCharts
YCharts, a leading investment research and client engagement platform trusted by financial professionals across North America, today announced the launch of Y, a specialized AI agent purpose-built for the way they work. Y marks the next evolution of AI at YCharts and is a meaningful step forward for the financial services industry.
Purpose-built for financial workflows, Y operates natively within the YCharts platform, with direct access to the data, tools, and report formats that general AI tools simply don’t have. For users still building comfort with AI, it’s available when they’re ready, with no pressure to change how they work today. Y was built with compliance in mind from day one. Every output includes compliance guardrails, customizable disclosure language, and 16 years of regulatory experience built in.
According to a Berkeley University study recently published in the Harvard Business Review, AI is making people busier, intensifying workloads, and causing burnout. While people want AI to reduce friction, ironically, the study shows that AI actually creates more pressure.
