WealthTech Safari Feb 27, 2026

28 minutes ago
5 min read

Your guided tour of the interesting events in WealthTech for the week.

iAltA Holdings Acquires Delio as They Quietly Build Their End-to-End Alts2Wealth Platform

iAltA Holdings has acquired Delio, a provider of white-label operating systems for private market investments, to further its goal of creating an end-to-end private markets platform.
This acquisition solidifies iAltA’s position in the alternative investment space by integrating digital workflows and reporting tools that are becoming essential as private assets go mainstream.

Knote: We have always loved what was going on at Delio, so now we love what is going on at iAlta. Everyone has Alts2Wealth on their 2026 roadmap. But Bill Sherman, Scott Ganeles, and Gareth Lewis seem to understand that after everyone gets their systems in place, the music will stop for the next 5-7 years since these systems are sticky. They plan to develop the end-to-end functionality and pure heft to be one of the ones left standing. In the last year, iAlta has acquired BridgeFT, Verivend, and Betterfront, quickly and quietly building what they hope will be the category-killing end-to-end Alts2Wealth platform.

Docupace Acquires InvestEdge and Appoints Brian Filanowski as CEO

Docupace has acquired the compliance and surveillance platform InvestEdge and named data veteran Brian Filanowski as its new CEO to lead its expanded regulatory technology suite.
By merging back-office automation with sophisticated bank-grade surveillance, Docupace is positioning itself as a unified data fabric for large-scale wealth management enterprises facing rising regulatory scrutiny.

Knote: Effective compliance means automation & AI, and the more unified the platform the better. So, we are fans of this transaction. If they hook in the outside compliance consultants to remove even more from the CCO’s plate, it would be tears of joy.

Anthropic Launches Wealth Management Specific Plug-Ins, Partners with LPL and Orion

Anthropic has introduced new AI "plug-ins" for the wealth management industry, establishing partnerships with LPL Financial and Orion to build customized, compliance-controlled advisor tools.
This move transitions AI from a general-purpose chatbot to a specialized infrastructure layer, allowing major firms to build proprietary, data-secure agents that enhance rather than replace the advisor.

april Launches AI Tax Platform for Wealth Management Firms

Embedded tax provider april has debuted an AI-powered tax platform that automates data collection and provides real-time tax simulations for wealth management clients.
By integrating tax planning directly into the wealth management workflow, advisors can provide high-value family office services without the overhead of a dedicated internal tax practice.

Knote: april continues its drive to put tax analysis into every financial decision, quarterbacked by the most logical person: the financial advisor. When we talk about Family Office as-a-Service, we always mention tax planning/coordinating as one of those services advisors and clients are looking for. I expect competition in this area will continue to heat up and advisors and clients will be the better for it.

LPL Financial and Simplicity Group Form Strategic Relationship to Deliver Specialized Insurance Products, Operational Support, and Comprehensive Training to LPL Advisors

LPL Financial and Simplicity Group have partnered to integrate specialized insurance products and point-of-sale support directly into the LPL advisor ecosystem.
This partnership facilitates the seamless delivery of protection-based products, allowing advisors to address holistic estate planning needs while diversifying revenue streams.

MWnote: As fee compression pressures traditional asset-based revenue, a deeper integration of insurance solutions offers advisors the opportunity to diversify revenue streams while also addressing growing client demand for protection planning (which couldn't come at a better time now that Peak 65 is well underway).

Sherpas Secures $3.2 Million Seed Round to Scale AI Infrastructure for Wealth Management

Sherpas raised $3.2 million in seed funding led by Marty Bicknell’s family office to scale its AI-native operating layer for standardizing financial advice analysis.
Sherpas aims to solve the problem of manual, fragmented planning by providing a standardized analytical foundation that automates intake and scenario modeling for enterprise firms.

Orion Expands Integration With DPL Financial Partners To Embed Commission-Free Annuities In Orion Connect

Orion has deepened its integration with DPL Financial Partners to embed commission-free annuity comparison and analysis tools directly within its advisor dashboard.
Removing the friction from insurance product analysis allows fiduciaries to treat annuities as fee-billable assets, fully integrating them into a holistic portfolio management strategy.

Knote: With more people turning 65 this year in the US, advisors might be smart to sharpen their distribution-phase proposals to win those pre-retirees and 401k rollovers.

Door launches alternative assets due diligence capabilities to meet surging wealth management demand

Digital platform Door has expanded its capabilities to digitize and standardize the due diligence questionnaire process for alternative and private market investments.
Standardizing the flow of information between fund managers and allocators reduces the operational friction that currently prevents many wealth firms from scaling their alternative asset allocations.

Knote: Due diligence is one of the gating factors for Alts2Wealth and this is a step in the right direction. It doesn't perform the due diligence, but facilitates by digitizing and standardizing the due diligence questionnaire process. We believe the TAMPs will be the ones to drive due diligence and make the allocation decisions, in the short term, but we could see tools such as these helping to scale their processes (see our white paper TAMPs/DFMs: The Tip of the Alts2Wealth Spear). Our hope is that this will ultimately lead to an on-demand database of alternative manager data that can be screened and benchmarked.

Vanguard Latest Firm to Partner with and Invest in Avantos for Tech/Data Unification

Vanguard has become both a client and an investor in Avantos, an AI-driven orchestration startup that unifies disparate legacy software systems into a single interface.
Vanguard’s backing of this middleware layer highlights the industry-wide struggle with legacy debt and the urgent need for tools that can harmonize fragmented data environments.

Knote: This is an excellent example of the double-benefit of seeking strategic investment. You not only get funding, you get a customer, if done correctly. It's a different kind of pitch than your typical funding pitch, though, and it can take a little longer because you have to sell your product first, then the investment.

Sphinx Raises $7.1M to Build Every Financial Institution's Last Compliance Hire

Compliance startup Sphinx has secured $7.1 million in seed funding to develop AI-native agents that automate anti-money laundering and know-your-customer surveillance tasks.
By moving from rigid rules-based engines to adaptive AI agents, Sphinx offers a scalable solution for the middle-office functions that are increasingly burdened by complex regulatory data.