The WealthTech Safari: Week of July 3, 2026
- 17 hours ago
- 4 min read
WEALTHTECH SAFARI
A Guided Tour of WealthTech News
Week of June 26, 2026
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2026 US Model Portfolio Landscape — Model portfolio market research
• Third-party model portfolio assets reached $934 billion at the end of March 2026, up 46% year-over-year and closing in on the $1 trillion mark, per new Morningstar research.
• With ETFs now capturing 55% of model allocations and nearly 70% of firms planning private-asset exposure, TAMPs and model providers are increasingly positioned as the gatekeepers of alternatives distribution in wealth management..
Knote: Tremendous growth continues in the model portfolio market but we expect that growth to increase with the democratization of alternatives since we believe TAMPs and model portfolios will be the gatekeepers of alternatives distribution in wealth management.
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Oxyfinz Unveils Free Software Initiative to Bridge the UAE Wealth Management Technology Gap
•     Oxyfinz has launched a free, 12-month enterprise software program giving 20 qualifying UAE boutique wealth managers and EAMs full access to its portfolio management and data infrastructure suite.
•     The move targets a widening tech gap between large institutions and boutique firms as DIFC and ADGM assets under management continue to surge, positioning Oxyfinz as an infrastructure gateway in a fast-growing regional market.
Knote: This is an interesting go-to-market strategy. Probably worth watching if you are a startfup founder.
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Maybank Equips Relationship Managers with AI-Driven Advisory Platform
•     Maybank is rolling out Advisor Assist, an AI-driven advisory platform built by Evooq, giving relationship managers consolidated portfolio insights, risk analytics, and next-best-action recommendations.
•     The deployment extends Maybank's broader digital push, including a tokenized ringgit pilot, as the bank leans on technology to support advisors amid recent profit pressure.
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Orion Among the First in Wealthtech to Earn ISO 42001, the International AI Management System StandardÂ
•     Orion has become one of the first wealthtech firms, and the first known portfolio accounting provider, to earn ISO/IEC 42001 certification for its AI management systems following an independent audit.
•     The certification validates governance controls behind Orion's Denali AI layer at a moment when the firm's own survey shows most advisors still lack advanced AI tools, positioning Orion as a trust leader as adoption accelerates.
Knote: I thinkn havbing an AI governance certification process is a fantastic idea. I'm not convinced best practices have been fully established yet, but it's too important to put off.
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Product Win: WealthFeed × The Mather Group
•     The Mather Group, a $17 billion RIA with roughly 100 advisors, has named WealthFeed its exclusive enterprise-wide prospecting platform for surfacing money-in-motion opportunities.
•     The mandate deepens WealthFeed's penetration into large, acquisitive RIAs and builds on its 2025 minority investment from Broadridge, reinforcing its money-in-motion model at enterprise scale.
Knote: This is a solid win for WealthFeed and these sorts of exclusive agreements are not as common as one might think.
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Thurston Capital Expands Advisor Technology Ecosystem
•     Thurston Capital has deepened partnerships with technology providers including Wealth.com, Zocks, Jump, and EPIC to strengthen its advisor ecosystem across resources, engagement, and efficiency.
•     The expansion reinforces Thurston's hybrid model, pairing Wells Fargo's enterprise desktop technology with independent RIA customization as the firm signals further investment in AI-driven advisor productivity.
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MDOTM Raises $27M Growth Equity Round Led by Expedition Growth Capital
•     MDOTM has closed a $27 million growth round led by Expedition Growth Capital, bringing total funding to $36.5 million to expand its AI-driven Sphere platform internationally.
•     Sphere already supports more than $100 billion in assets across 60-plus institutions, including Morgan Stanley and Amundi, underscoring investor appetite for AI tools that move portfolio orchestration and client commentary out of spreadsheets.
Knote: I was on a panel with Adrianna Colombo from MDOTM in London last spring as we are both on a mission to upgrade the managed portfolio market in the UK. They have the tech to help make it happen. In case you were wondering, the name comes from the fact that the two founders both have the last initial "M".
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Acorns Establishes "Kids Advisory Board" to (Reportedly) Help Steal Trump Accounts away from Robinhood
•     Acorns has named four children to a new "Kid Advisory Board" to guide its Acorns Early product as it competes for Trump Account rollovers that default to Robinhood.
•     Industry reaction is split, with observers calling the family-finance strategy sound but the board itself a largely symbolic move for a company managing $13.4 billion versus Betterment's $70 billion and Wealthfront's $95 billion.
Knote: It's not clear to me that this will help attract Trump Accounts away from Robinhood, but I am all for starting financial education early. If anyone wants a copy of the one and only children's book I ever wrote, "Mia Meets the Interest Fairy," let me know.
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LemFi Acquires Wealth8 in the UK
•     LemFi has received approval to acquire UK investing platform Wealth8, extending the remittance and payments company into wealth management for the first time.
•     The deal reflects a broader pattern of payments and savings platforms using existing customer relationships as a pipeline into higher-value investing products, with LemFi planning to scale Wealth8 across its 2-million-plus user base.
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