WealthTech Safari — Week of September 4, 2026
- 3 hours ago
- 4 min read
GCash parent Mynt scales GStocks into the Philippines’ largest online retail stock platform
Mynt, parent of Philippine super app GCash, said GStocks PH now serves over 2 million Filipinos and accounts for more than 50% of all online retail stock accounts at the Philippine Stock Exchange.
With 3.22 million of the country’s 3.61 million retail stock accounts already held online, the payments super app rather than the brokerage is becoming the default on-ramp to Philippine equity investing.
Knote: Half my family is Filipino and I can assure you that they know how to save money. And 2 million users is off-the-charts given that only about 2% of the population invests in the stock market (vs 62% in the US).
Hightower picks Dispatch to run onboarding for its Signature Wealth channel
Hightower Advisors, a Chicago-based wealth manager with more than 800 advisors, selected fintech Dispatch to handle advisor transitions, client account opening and cross-platform data syncing for Hightower Signature Wealth.
Placing Dispatch’s data layer between custodians such as Schwab and Fidelity and Hightower’s advisory systems makes onboarding infrastructure a growth dependency for a channel that has reached $35 billion in AUM in barely a year.
Ajaib raises $270 million from SBI Holdings in Indonesia’s largest tech round since 2022
Ajaib, a Jakarta-based online stock trading platform serving more than seven million users, raised $270 million from Tokyo-listed SBI Holdings, taking total funding past $500 million since its founding.
SBI’s 20% stake implies a valuation near $1.35 billion and signals that mobile-first brokerages with large, young installed bases remain strategic targets as tokenization pulls incumbents toward digital-asset infrastructure.
Archive Intel and Zocks connect AI meeting records to compliance review
Archive Intel, an AI-powered communications compliance platform, integrated with privacy-first AI platform Zocks so transcripts and notes flow automatically into contextual review and audit-ready retention for $12 per user per month.
With SEC and FINRA treating AI notetaker output as electronic client communications subject to five-year retention, supervision is becoming a required companion product to every advisor AI assistant.
Knote: One step closer to the dream of fully automated direct surveillance that can be outsourced to 3rd party compliance consultants.
Younger advisors run more of their book through model portfolios
Fuse Research Network found that 47% of surveyed advisor accounts are managed through model portfolios, rising to 56% among advisors under 45 and falling to 40% among advisors 60 and older.
The age gradient turns model placement into a forward-looking distribution strategy for asset managers, since the advisors gaining share of industry assets are already building on models.
Knote: The UK is behind the US in this, but heading in the same direction.
Morningstar’s retirement advisory business drops ByAllAccounts for Plaid
Morningstar Investment Management will move account aggregation for its retirement advisory clients, covering $19.4 billion in managed account assets, from its own ByAllAccounts unit to Plaid next month.
Morningstar says the switch is limited to this segment and unrelated to ByAllAccounts ownership talks, though Fuse Research has framed it as a possible proof point ahead of a wider transition.
Knote: I wish the US would adopt an open banking standard like the UK has except extend it to cover investment accounts. It would make holistic advice a lot easier (and more accurate).
Orion adds BlackRock, Fidelity and Vanguard to Tailored Allocation Portfolios
Orion added model portfolios from BlackRock, Fidelity Investments and Vanguard to its Tailored Allocation Portfolios, bringing the program to eight strategists since its October 2025 launch.
Pairing third-party models with Custom Indexing, now past $17.1 billion in assets, lets advisors migrate concentrated and legacy positions gradually and moves the differentiation from allocation to tax management.
Knote: UK friends, please take notice. It should not take 30 days to rebalance your customized model portfolios.
Aquiline to acquire control of Flourish from MassMutual
Aquiline Capital Partners agreed to acquire a controlling interest in Flourish, the RIA-focused cash and lending platform working with more than 1,300 firms representing over $2.6 trillion in assets, with MassMutual retaining a significant stake.
The deal maps to the Family Office as-a-Service theme, in which owning the banking layer of the client relationship becomes asset defense for RIAs competing with banks and wirehouses.
MWnote: MassMutual selling control while staying a shareholder, partner, and client is about as close to the ideal corporate venture outcome as one can get. More insurers sitting on WealthTech assets should be studying the structure.
Envestnet more than doubles its technology investment in Tamarac
Envestnet is raising technology investment in Tamarac, its RIA platform, by 2.5x through a $35 million surge investment, and introduced Report Studio alongside an AI-enabled version now open for beta signup.
The surge accelerates a five-year, $1 billion research and development commitment and aims it at reporting and planning integration, where Envestnet estimates report automation could return roughly 1,077 hours a year across a median book.
Knote: Looks like Tamarac is going on the offensive after years of fighting something of a rear-guard action. It's the sort of thing I love to see.
Norwegian investor reportedly seeking majority stake in Hungarian fintech Dorsum
Portfolio.hu reported that a Norwegian private equity investor, identified by industry sources as Hawk Infinity, agreed to acquire a majority stake in Budapest-based wealth software firm Dorsum at a value of HUF15-18bn (€38mn-45mn).
At roughly 8-9 times EBITDA on 2025 revenue of HUF9.2bn, the reported terms would price a regional leader in securities and wealth-management software that has shifted from custom development toward scalable products.
Knote: This has not been confirmed so we are just passing it along. If true, it would be a nice Services-to-Software success story.
AI ATC: A quick summary of AI feature rollouts
WealthAi launches WealthAi for Advisors as advice firms enter next phase of AI adoption (https://www.wealthtechstrategy.com/post/wealthai-launches-wealthai-for-advisors-as-advice-firms-enter-next-phase-of-ai-adoption)
FE fundinfo extends Nexus for Financial Advisers into face-to-face client meetings with new mobile app (https://www.wealthtechstrategy.com/post/fe-fundinfo-extends-nexus-for-financial-advisers-into-face-to-face-client-meetings-with-new-mobile-a)
Altruist Launches AI Financial Planning Agent (https://www.wealthtechstrategy.com/post/altruist-launches-ai-financial-planning-agent)
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