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WEALTHTECH SAFARI A Guided Tour of WealthTech News Week of April 3, 2026   State Street signals it’s ready to ‘disrupt’ RIA custody five years after abrupt exit, madly hiring Altruist veterans to build Apex-powered, ‘digitally native’ AI platform •      State Street Global Advisors, the asset management arm of one of the world’s largest custodian banks, is reportedly developing a digitally native RIA custody platform leveraging AI and Apex Fintech Solutions, having recruited

Dhan, a prominent stock trading platform operated by Moneylicious Securities, is reportedly in advanced discussions to acquire the wealth management startup Infinyte Club for approximately $10 million in a combination of cash and equity. This strategic move aims to broaden the service offerings of the parent company, Raise Financial Services, as it seeks to capture a larger share of the growing wealth management sector in India. Infinyte Club, which previously secured $3.6 mi

CNBC-TV18. (2026, March 24). AI, fintech boom: QED Investors' India Field Notes 2026. CNBC-TV18. https://www.cnbctv18.com/videos/business/startup/ai-fintech-boom-qed-investors-india-field-notes-2026-19878028.htm Artificial intelligence spending in Indian financial services is projected to double by 2026 as the technology becomes a core component of financial infrastructure. QED Investors forecasts that global fintech revenues will increase six-fold to reach an estimated $1.5

T. Rowe Price. (2026, March 31). T. Rowe Price Names Bill Cashel As Head Of Alternatives For Its Wealth Channel. T. Rowe Price. https://www.troweprice.com/en/us/press/2026/press-release--t--rowe-price-names-bill-cashel-as-head-of-altern T. Rowe Price has appointed Bill Cashel as the new Head of Alternatives for U.S. Wealth to lead the firm's expanding private markets engagement. Bill Cashel will oversee the delivery of alternative investment capabilities from both T. Rowe Pri

Breen, O. (2026, April 2). State Street signals it's ready to 'disrupt' RIA custody five years after abrupt exit, madly hiring Altruist veterans to build Apex powered, 'digitally native' Al platform, but no official word yet. RIABiz. https://riabiz.com/a/2026/4/3/state-street-signals-its-ready-to-disrupt-ria-custody-five-years-after-abrupt-exit-madly-hiring-altruist-veterans-to-build-apex-powered-digitally-native-al-platform-but-no-official-word-yet State Street Global Adviso

Janowski, D. (2026, April 1). Free AI Risk Platform Debuts for Advisors. WealthManagement.com . https://www.wealthmanagement.com/advisor-support-platforms/new-ai-risk-platform-launches-for-financial-advisors UX Wealth, a US based TAMP, has launched riskDNA, a specialized AI-native platform designed to provide financial advisors with advanced risk intelligence and portfolio analytics. But, it also includes financial planning and CRM. The software is available to advisors witho

Bachatt, an Indian WealthTech startup, has secured $12 million in its Series A funding round led by global venture capital firm Accel. The Mumbai-based company, legally registered as Trusave Fintech Private Limited, aims to simplify financial planning for India’s underserved segments. By lowering the entry barrier for investing, the firm specifically targets young professionals and self-employed individuals who have traditionally lacked access to structured wealth management

Employee Benefits Security Administration. (2026, March 31). Fiduciary duties in selecting designated investment alternatives. Federal Register. https://public-inspection.federalregister.gov/2026-06178.pdf The Employee Benefits Security Administration issued a proposed rule to establish a process-based safe harbor for fiduciaries selecting designated investment alternatives under participant-directed defined contribution plans. This regulation aims to reduce the regulatory bu

Merrill Launches AI-Powered Meeting Journey Merrill, a wirehouse giant, launched a tool to automate meeting preparation, summarization, and client follow-ups. This launch underscores the rapid enterprise-wide adoption of AI to eliminate administrative friction in wealth management. Knote: Merrill was one of those firms that did not want to deploy notetakers for liability reasons. It looks like the allure of saving thousands of advisor hours finally wore them down. Read More  

Bank of America. (2026, March 26). Merrill and Bank of America Private Bank Launch AI-Powered Meeting Journey. Bank of America Newsroom. https://newsroom.bankofamerica.com/content/newsroom/press-releases/2026/03/merrill-and-bank-of-america-private-bank-launch-ai-powered-meeti.html Merrill and Bank of America Private Bank have launched "AI-Powered Meeting Journey," an integrated solution designed to automate the full lifecycle of client engagement for financial advisors. The p