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- Wealthtech Weekly - The Latest News
Wealthtech Weekly - The Latest News
Wealthtech Weekly is a newsletter that keeps you updated on the latest news on wealth management technology including fundraises, M&A, hiring, & more.
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Reads:
Firms jostle to sell alternative assets to wealthy investors (Financial Times)
Wealth management firms are increasingly targeting wealthy retail investors with private equity and private debt products, as traditional institutional investors reduce their exposure to alternative assets. Partnerships like BlackRock with Partners Group and State Street with Apollo aim to tap this growing market. Despite the potential for higher returns, analysts warn of significant risks, including illiquidity, complex fee structures, and challenges in transparency. New initiatives, such as BNY’s upcoming platform, aim to bridge public and private markets while maintaining some degree of investor protection
FE Fundinfo strengthens market-leading financial advice offering with AdviserAsset acquisition (FE Fundinfo)
FE fundinfo expands its product suite with the acquisition of AdviserAsset, enhancing financial planning tools for UK advisers. This integration offers streamlined client engagement, investment product selection, and platform switching analysis, improving decision-making and outcomes. The acquisition supports financial advisers facing growing demands and regulatory pressures under Consumer Duty, with FE fundinfo aiming to become the go-to partner for investment management through its comprehensive, data-driven platform.
Wealth.com extends win streak, again -- Google Ventures (GV) leads its 'A' round -- by making AI-driven estate planning seem doable to advisors (RIABiz)
GV is leading a $30-million round for wealth.com, a startup aiming to digitize trust and estate planning, targeting the $60 trillion wealth-transfer market over the next 20 years. Wealth.com seeks to simplify legal, financial, and administrative tasks for advisors and clients, with AI-enhanced tools to streamline estate planning traditionally managed by high-cost lawyers.
EP Wealth Grows Southeast Hub with $1.1B Atlanta Firm (WealthManagment.com)
The acquisition of CornerCap Investment Counsel is another step on EP Wealth’s path to becoming a nationwide RIA, according to CEO Ryan Parker. fourth deal this year for EP Wealth and brings AUM to north of $26B.
LPL plants a major stake in Arizona (Investment News)
The broker-dealer giant's new 43,000-square foot home office in Tempe will serve as a base to support even more advisors. The company expects to add 300 employees by the end of the year.
