Welcome to the February 2018 issue of the Latest News in Financial Advisor #FinTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors and wealth management!
This month’s edition kicks off with the big news that “robo-advisor-for-advisors” AdvisorEngine has acquired Junxure CRM, it what appears to be both an effort to expand its investment management platform to include a core CRM component… and also perhaps an effort to turbocharge its own growth by trying to acquire a base of (Junxure) CRM users to cross-sell AdvisorEngine. Though it remains to be seen whether advisory firms will be willing to adopt AdvisorEngine’s basis-point pricing for a back-office technology solution!
From there, the latest highlights also include a number of interesting advisor technology announcements, including:
- Overstock.com launches a robo-advisor, in what may actually just be a prelude to trying to launch a blockchain-driven alternative trading system for stocks
- NextCapital raises a $30M Series C round to fund its target-date-fund-disrupting “robo” tools for 401(k) plans
- Orion Advisor Services launches its new ASTRO solution to bring direct indexing to financial advisors
- TD Ameritrade finally launches its Model Market Center, putting TAMPs to the test (or at least newfound price pressure) about whether advisors really want to outsource investment model implementation services in the face of increasingly sophisticated rebalancing software tools
- AdvicePay launches its compliant fee-for-service payment processing platform for all financial advisors
Read the analysis about these announcements, and a discussion of more trends in advisor technology in this month’s column, including CellTrust’s big push into compliant text messaging solution for financial advisors, whether BondNavigator will gain traction as advisors increasingly buy individual bonds in the face of a potential rising interest rate environment, a new solution from Healthview Services called HealthyCapital that aims to help clients quantify the financial benefits of getting healthier (at least, for the subset of advisors who provide truly holistic advice on financial and physical well-being), how Wealthfront is finding newfound growth by developing increasingly sophisticated direct-to-consumer financial planning software, and the pivot of portfolio crash testing software RiXtrema into the hot DoL fiduciary #RegTech segment of the advisor technology world.
I hope you’re continuing to find this new column on financial advisor technology to be helpful! Please share your comments at the end and let me know what you think!
*And for #AdvisorTech companies who want to submit their tech announcements for consideration in future issues, please submit to TechNews@kitces.com!
source https://www.kitces.com/blog/the-latest-in-financial-advisor-fintech-february-2018/?utm_source=rss&utm_medium=rss&utm_campaign=the-latest-in-financial-advisor-fintech-february-2018
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