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WEALTHTECH SAFARI A Guided Tour of WealthTech News Week of May 22, 2026 SEC opens the door for mutual funds and ETFs to invest in private assets • The SEC Staff issued a transformative no-action letter on April 27, 2026, expanding exempt relief for private asset transactions—previously limited to closed-end funds—to now include open-end mutual funds and ETFs, reversing historical prohibitions under the Investment Company Act of 1940. • While open-end funds must st

Graber, S., Nowakowski, J. J., Edwards, A. L., & O'Brien, J. J. (2026, May 19). SEC Staff Permits Mutual Fund and ETF Joint Transactions. Morgan Lewis. https://www.morganlewis.com/pubs/2026/05/sec-staff-permits-mutual-fund-and-etf-joint-transactions The SEC Staff issued a transformative no-action letter on April 27, 2026, that expands exempt relief for closed-end fund private asset transactions to now include open-end mutual funds and ETFs. This regulatory relief reverses his

The Daily Upside. (2026, May 21). Envestnet, Orion partnerships add new advisor tools to competing TAMPs. The Daily Upside. https://www.thedailyupside.com/advisor/wealthtech/envestnet-orion-partnerships-add-new-advisor-tools-to-competing-tamps/ Established TAMPs are actively building interconnected technology ecosystems to provide financial planning professionals with better tools. Orion recently introduced an upgraded integration with Flourish that allows eligible client cas

New York-based financial technology company Moment announced it has raised $78 million in a Series C funding round. The round was led by Index Ventures, with additional participation from Andreessen Horowitz, Avra, and other existing investors. This latest capital injection comes less than 10 months after the company secured its $36 million Series B round, bringing its total funding to $134 million. Moment provides an AI-powered operating system designed specifically for inve

The private market fund operations platform bunch has secured $35 million in a Series B funding round to accelerate its commercial growth and expand its artificial intelligence capabilities across Europe. Portage led the investment round, which also included participation from Illuminate Financial along with existing investors Motive Partners, Cherry Ventures, and Fintech Collective. Founded in 2021, the company provides an integrated digital operating layer that replaces leg

Farther announced it has raised $150 million in a Series D funding round led by General Atlantic, with participation from existing investors. The new capital injection officially establishes the wealth management firm as a unicorn company. Founded in 2019, the New York-based financial technology firm has experienced rapid momentum, surpassing $23 billion in recruited assets and tripling its year-over-year growth since the first quarter of 2025. The company operates an all-in-

NEXT Investors, a private equity firm based in New York, has announced a Series A investment in Transient.AI, an artificial intelligence platform built for institutional trading environments. Founded over 25 years ago, NEXT Investors specializes in financing critical capital markets infrastructure. This strategic partnership represents the first institutional capital for Transient.AI and aims to accelerate the platform's deployment within highly regulated financial institutio

AI-native securities compliance platform Greenboard announced it has secured $20 million in total funding, including a previously undisclosed $15.5 million Series A round led by Base10 Partners. Founded in 2023 by Dave Feldman and Ed Schembor, the company provides a unified technology system that replaces outdated, fragmented compliance tools across financial institutions. The platform currently serves more than 500 firms, automating key workflows such as communications archi

WEALTHTECH SAFARI A Guided Tour of WealthTech News Week of May 15, 2026 Acuity Trading Invests in MarketReader to Build a More Complete Al Market Intelligence Offering • Acuity Trading has completed a strategic growth investment in MarketReader to integrate real-time market movement attribution into its financial intelligence ecosystem. • This partnership enables advisors to provide more defensible market analysis by combining alternative data with explainable A

Southall, B. (2026, May 13). Orion headhunts Yi-Ching Wu from AssetMark -- its second attempt in 14 months to fill a crucial role -- 'to put a phone book onto a postage stamp' and weave together its tech and investment businesses. RIABiz. https://riabiz.com/a/2026/5/14/orion-headhunts-yi-ching-wu-from-assetmark-its-second-attempt-in-14-months-to-fill-a-crucial-role-to-put-a-phone-book-onto-a-postage-stamp-and-weave-together-its-tech-and-investment-businesses Orion has hired Y