We love bringing you our word on wealthtech, which is why we’ve decided to shed light on six news-making headlines this month instead of our usual five. Here’s our unbiased take on some big wealthtech headlines:
InvestCloud appointed Jeff Yabuki as chairman and CEO to replace former CEO John Wise. The departure of its founders and early employees makes it a difficult task to come in and drive this massive technology company forward, but Jeff has the credibility and authority to make some incredible changes. Will he be a long-term CEO or just make some necessary changes and move on? The jury is still out. Also buried under this news was the announcement of InvestCloud’s hiring of James Young as CIO. It’s clear the firm is moving fast to put good people in place.
OneAdvisory has secured $8 million in seed funding and rebranded to Dispatch. The firm will invest in engineering and client service resources. OneAdvisory hits on a perennial issue in the industry where firms aren’t able to automate many operations when they work with large custodians so we’re bullish on the concept. But it’s early days, so we’ll look for proof points of what they’ve actually done, what their market penetration looks like and, more importantly, the amount of success they’ve had saving time and complexity for wealth management firms. The proof will be in their ability to integrate into the larger custodians. A lot of firms, including CRM configuration firms and other purpose-built systems, have tried to penetrate this market and haven’t been successful.
Who Envestnet brings in to replace Bill will tell us a lot about the future direction and the future vision of the firm. Our hope (because we’re always for innovation) is that the next CEO will find ways to accelerate innovation within Envestnet and really lead an innovative culture well into the future.
Helios, pioneer of the Insourced Chief Investment Officer model, has a new offering: model trade execution services for advisors. This new take on how advisors can get portfolios built and executed outside of their four walls poses a really compelling challenge to the TAMP market. Helios is definitely shaking things up and driving innovation and change in this area. We think they’re definitely worth a look.
SS&C Launches Accord, Integrated with SS&C’s Black Diamond
Accord is designed to remove the friction from the alternatives aggregation and reporting process into the wealth management platform. There hasn’t been much coverage on this news, but it’s worth talking about. In fact, we want to extend a “super hats off” to Steve Leivent and team for listening to the market and delivering a product that addresses the need for less complexity and less manual work in the aggregation of alts data and getting that data into the reporting chain. This is the first example we’ve seen of a major player like SS&C listening directly to our CTO clients and delivering a product. We’re delighted to see it come to market and hope to see more feedback taken from other players.
We hope you’ll allow us a minute to share our recent industry research report. This outlook report reviews key industry technology trends from the previous year and evaluates their impact on wealth management firms in the year ahead. This year, we expect the strong level of M&A activity we’ve seen over the past three years to continue and bring with it some dramatic shake ups in the industry landscape. Technology will stand as a linchpin during the transformation, helping firms address compliance and legal issues as well as support service delivery and growth.
Enjoy your February and we’ll be back with more commentary in March. The extra day this year will surely help to give us plenty of topics to dissect!
This means, you take one article, and you use the article distribution system. It will generate thousands of unique versions of your article, and publish those unique articles to hundreds of websites that are related to your niche.
Take a look at our comprehensive guide to the best and most popular information ebooks and products available today on Detoxing, Colon Cleansing, Weight Loss and Dating and Romance. They are all in one spot, easy to find and compere to make a quick selection for the product that best fits your needs or wants.
So browse through a category and make your preferred selection and come back here to read more choice articles and get a few more helpful tips on ways to help your enhancement.
As an Amazon Associate I earn from qualifying purchases. “saubiosaubiosuccess.com is a participant in third party affiliate and advertising programs; The Amazon Services LLC Associates Program, Awin network, and other affiliate advertising programs are designed to provide a means for sites to earn advertising fees and commissions by advertising and linking to products on other sites and on Amazon.com. Amazon and the Amazon logo are trademarks of Amazon.com, Inc, or its affiliates.”
We use anonymous cookies and various 3rd-party services to optimise and to offer you a better, more personalised, browsing experience with advanced accessibility enhancements.
Dismiss
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
