ExchangiFi has announced a strategic investment from Prosperity Venture Partners, the single-family office of investor and wealth management entrepreneur Tommy Mayes. As part of the deal, Mayes will join ExchangiFi's board of directors. Mayes serves as a Family Office Chair for TIGER 21 and, as a general partner and board member at Blueprint Investment Partners, helped grow the firm from $75 million to more than $3.5 billion in assets. Based in Palm Beach Gardens, Florida, ExchangiFi is the first independent platform for Section 351 ETF exchanges, connecting wealth advisors with ETF sponsors to seed funds without triggering immediate capital gains taxes. Under Section 351 of the Internal Revenue Code, investors contribute securities to an ETF in exchange for shares while preserving their original cost basis, allowing advisors to move clients out of tax-inefficient separately managed accounts and low-basis positions into liquid, transparent ETFs. Since launching in September 2025, the platform has drawn more than 40,000 visitors, built a list of over 3,000 registered investment advisors, and now lists 11 open 351 exchange ETFs. ETFs launched in connection with the platform have collectively raised more than $1.85 billion in seed assets, with a pipeline of more than 30 syndicated launches planned for 2026. Knote: People having to plan around large single-stock holdings is nothing new. But the sheer volume of people becoming multi-millionaires on some random day at 9:30am is new. https://www.businesswire.com/news/home/20260707764852/en/ExchangiFi-Announces-Strategic-Investment-from-Prosperity-Venture-Partners

InvestiFi, a Credit Union Service Organization and InvestTech platform that lets credit unions and community banks embed digital investing inside their online banking, has secured $20m in a new funding round. Vibe Credit Union led the raise, with participation from BankTech Ventures, Idaho Central Credit Union, Navari, United Financial Credit Union, Coastal Credit Union, Mid Minnesota Credit Union, Truity Credit Union and Southpoint Credit Union. The company describes it as the largest sum ever invested in a FinTech focused solely on bringing digital investing to American credit unions and banks. The platform supports fractional trading in stocks and ETFs, guided investing, IRAs, digital asset trading and stablecoins. A patent-pending feature branded Investing from Checking lets account holders invest directly from checking or savings accounts without moving money to outside brokerages. InvestiFi has grown from four clients in 2024 to more than 60 signed financial institutions as of July 2026, as community institutions look to keep assets in-house and deepen account holder relationships. Research cited by the firm found nearly half of Gen Z and Millennial consumers now invest, with 43% shifting money to third-party platforms to do so. The new capital will fund platform scaling and adoption, helping institutions recapture deposits lost to outside investment services. The deal reflects the theme of self-directed trading as lead generation, in which everyday investing activity becomes a gateway to advice and stronger primary financial relationships rather than a reason for account holders to look elsewhere. Knote: Don't overlook local banks when it comes to investing. There are a lot of 1st generation citizens that have a natural distrust of large financial institutions, depending on where they are from. A lot of multigenerational citizens too. https://fintech.global/2026/07/29/investifi-lands-20m-to-boost-embedded-investing/

LemonEdge, a fund accounting platform built specifically for the private markets sector, has raised $21m in a Series A round as it works to speed product development and expand across the US and Europe. The round was led by Blackstone Innovations Investments, the early-stage venture arm of Blackstone, and included BNY alongside existing backer Sidekick Partners. The investment lifts the London and New York based company's cumulative funding beyond $30m. Alongside the raise, LemonEdge strengthened its leadership. David T. O'Malley joins as chief executive officer and board chair, having previously served as president of Numerated Growth Technology before its acquisition by Moody's Analytics. Katharine Briggs was named chief growth officer, overseeing global go-to-market strategy, delivery and client growth. Founded in 2020, LemonEdge provides fund accounting and operations technology that runs private markets processes in real time within a single automated, auditable and governed system of record. Its clients include private equity firms, fund administrators and large family offices that together hold more than $2.5tn in assets under client management. The round reflects rising interest in alternatives, where firms are building infrastructure to support private markets as demand broadens beyond institutions. CEO David T. O'Malley said global private market assets are forecast to reach $26.7tn by 2030, and that many firms remain constrained by legacy systems not built for today's complexity. LemonEdge plans to onboard new clients and deploy its 2026 and 2027 roadmap over the coming year, a signal of continued investment in the tools that make alternatives more accessible to advisors and platforms. Knote: LemonEdge deserves to win. We love alts infrastructure. But also importantly, a lemon is ovoid and has no edges and that makes me smile. https://fintech.global/2026/07/29/lemonedge-lands-21m-series-a-to-modernise-private-markets/

RIABiz. (2026, July 30). JP Morgan, Fidelity, and Schwab (and the like) are set to rake in billions of dollars in fees, charging people to use their own data; that might sound bad, but experts say the banks mostly wear white hats on this issue. RIABiz. https://riabiz.com/a/2026/7/30/jp-morgan-fidelity-and-schwab-and-the-like-are-set-to-rake-in-billion-of-dollars-in-fees-charging-people-to-use-their-own-data-that-might-sound-bad-but-experts-say-the-banks-mostly-wear-white-hats-on-this-issue Wall Street and Main Street firms including Schwab, Fidelity, and JP Morgan are positioned to prevail in a contest over the right to charge investors potentially billions of dollars to access their own financial data. New CFPB rules may permit banks to levy fees on data aggregators for access to customer financial information. The stated purpose of these fees is to incentivize responsible data access and to fund the underlying data infrastructure. Experts anticipate that the final rule will amount to a "structured fudge" that favors the banks. Incoming CFPB Director Brian Johnson is expected to settle on an arrangement that angers some fintechs while systematizing the flow of quality data into the market. Firms such as Schwab and Fidelity have launched API initiatives to curtail screen scraping, rewarding some but not all aggregators with cleaner data. Critics, including Tyler Winklevoss, argue that the banks are removing consumers' ability to access banking data for free through third-party apps like Plaid and imposing exorbitant fees instead.

Kilburn, F. (2026, July 28). LPL Financial rolls out new wealth tech platform. Citywire. https://citywire.com/pro-buyer/news/lpl-financial-rolls-out-new-wealth-tech-platform/a2495071 LPL Financial has launched a new integrated technology platform named LPL Latitude. The firm reported investing nearly $2bn over the past three years across the platform's five central elements. The platform unifies previously separate components spanning data architecture, cybersecurity, agentic artificial intelligence, advisor operating systems, and end-investor applications. The security overhaul follows a late-2025 breach in which cybercriminals accessed the advisor portal and affected 1,581 individuals, prompting new protections such as a business browser and phishing-resistant multi-factor authentication. The platform embeds LPL's agentic AI agent, Cyan, directly into existing advisor workflows to support automation, business insights, and planning tasks. A revamped data architecture connects LPL's self-clearing, broker-dealer, and custodial data ecosystems to give advisors a more complete view of business metrics. LPL expects to add more than 35 major enhancements to the platform this year on a rolling basis.

F2 Strategy, a West Chester, Pennsylvania consulting firm serving the wealth and asset management industry, has acquired Toronto-based Intelligo Partners, expanding its investment technology implementation business in Canada. Financial terms of the transaction were not disclosed. The deal follows F2's recent acquisition of Meradia and reflects rising spending by wealth and asset managers on platform modernization. Founded in 2012, Intelligo Partners advises asset and wealth managers on investment technology strategy, platform implementations and post-deployment support, and has worked with Canadian investment organizations on technology transformation projects. The combined organization will offer consulting across strategic planning, operations, investment platform implementation, data transformation and ongoing technology support. Chief Executive Officer Ryan Beach said Canada is one of F2's most important growth markets and that Intelligo's implementation expertise and client relationships would strengthen the firm's ability to support large-scale technology initiatives. Managing partner Tom Hong said the deal gives Intelligo clients access to broader transformation capabilities while preserving its advisory and implementation services. For advisors, platforms and integrators, the acquisition signals continued consolidation among the consultancies that help investment firms modernize their technology. F2 described the transaction as part of a strategy to expand its North American consulting platform as firms move from artificial intelligence pilot programs toward broader enterprise technology modernization. The move deepens F2's Canadian footprint at a moment when asset and wealth managers are investing to support the next generation of their operations. https://www.businesswire.com/news/home/20260716123639/en/F2-Strategy-Expands-Canadian-Presence-with-Acquisition-of-Intelligo-Partners

O'Connell, J. (2026, July 24). 20 questions to ask in every wealthtech AI demo. WealthManagement.com. https://www.wealthmanagement.com/financial-technology/20-questions-to-ask-in-every-wealthtech-ai-demo The article presents a 20 question due diligence framework organized into five levels, to be worked through in order, on the premise that a vendor who cannot answer Level 1 makes Level 2 irrelevant. Buyers are advised to prepare their own requirements list before the demo, documenting firm specific use cases, client workflows needing improvement, and compliance constraints, rather than letting the vendor set the agenda. Level 1 covers governance: what data the platform captures and where it goes, how personally identifiable information and client financial data are controlled against model or software team training use, data retention and post termination handling, and what compliance certifications or third party audits the AI system has undergone in the past twelve months. The 2024 Regulation S-P amendments impose documented vendor oversight obligations on every software tool that touches client data, with a compliance deadline for smaller RIAs of June 2026. Level 2 probes architecture transparency, including whether the models are proprietary, licensed, or built on a third party API such as OpenAI or Anthropic, what training data was used, where processing occurs, how hallucinations and bias are handled, whether temperature or confidence settings are configurable, and whether the system has ever produced incorrect output affecting client communications. Level 3 is the "turn it off" test, asking what functionality remains without the AI, for a side by side workflow comparison, what the system does that a rules based engine could not, and where the human sits in the loop, with Advisor360 research cited finding that 93% of advisors want final human review authority over any AI influenced output. Levels 4 and 5 require AI specific performance data rather than platform metrics, a measured error rate, third party validation, a reference client running the feature in production for at least twelve months, and a clear split between production, beta, and planned capabilities as well as between contractually guaranteed and aspirational roadmap items. Knote: There you have it from The Oasis Group, which is rapidly becoming an authority on WealthTech AI. Note that Level 1 is all about governance. If that level does not pass, no need to proceed any further. It may be a long read but it is a very short masterclass.

WEALTHTECH SAFARI A Guided Tour of WealthTech News Week of July 24, 2026 Neo Exits Stealth with $100M to Govern Agentic AI Neo emerged from stealth with $100M to help enterprises manage and secure the spread of AI agents across their software, in a round led by Andreessen Horowitz and Bessemer Venture Partners, with Craft Ventures and Merlin Ventures participating. Its real-time control layer spans agent and app inventory, risk intelligence, action-level attribution, granular policy controls, and native enforcement; the founding team includes former SentinelOne leaders, led by CEO and co-founder Nick Warner. Knote: I would go as far as to argue that establishing a good governance infrastructure for AI will be one of the top roadmap items for 2027. As firms move from "magic box" mode to real enterprise implementation, governance and control is rapidly becoming a serious issue. Read the full post Alpaca Raises $135M to Expand Agent-First Brokerage Infrastructure Alpaca, a New York-based self-clearing broker-dealer, raised $135M led by Peak XV, with Elefund, Opera Tech Ventures, and Unbound joining, following its $150M Series D in January 2026 at a $1.15 billion valuation. Its API-first infrastructure lets fintechs, banks, wealth managers, and crypto platforms build investing products across traditional and onchain markets; the new capital accelerates its agent-first and prime-brokerage build-out. Read the full post AngelList Acquires Ark to Build an End-to-End Private Markets Platform AngelList acquired Ark PES, a fund management software provider serving 500+ general partners and administrators and supporting more than $185 billion in assets; terms were not disclosed. The combined platform pairs Ark's fund accounting, LP reporting, and fundraising tools with AngelList's banking network, payments, and cap-table software, with AI extended across those workflows to cut manual work. Read the full post Veriqus Group Raises $40 Million for AI-Enabled Wealth Platform Veriqus Group, an integrated wealth and asset management platform in India, raised about ₹387 crore (~$40M) led by Norwest Venture Partners; it was founded by ex–Julius Baer India chief Ashish Gumashta and ex–HDFC AMC fund manager Roshi Jain. The AI-enabled platform bundles advisory, portfolio analytics, risk monitoring, reporting, and lending for HNWIs and Tier II entrepreneurs, a push toward the "Family Office as-a-Service" model. Read the full post The New AI Governance Certification Quick Intro ISO/IEC 42001 is the first international standard for governing how an organization builds and uses AI, requiring firms to run an AI Management System of policies, risk and impact assessments, and controls that cover each system from development through retirement across four layers: a governance foundation, an assessment engine, controls justified in a Statement of Applicability, and an operating loop of metrics and audits. ISO does not certify firms directly; accredited bodies (such as ANAB or UKAS) run a two-stage external audit for a three-year certificate with annual surveillance, with most firms certifying in four to twelve months at audit fees of roughly $20,000 to $50,000, giving WealthTech firms a documented, auditable AI program before regulators or clients demand one. Read the full post Advyzon Debuts Native AI System for Advisers Advyzon has launched Advyzon AI, a built-in artificial intelligence system embedded within its wealth management technology and data platform for financial advisers and investment managers, following an "All-in AI" model in which intelligence is integrated across a single platform, one data model and a shared architecture rather than attached through separate tools or integrations. The system draws on shared workflows and platform data to locate relevant information, link connected activities across a firm and prepare proposed next actions for adviser review, with functionality extending across client relationships, financial planning, portfolios, reporting, billing, compliance, documents, operations and team collaboration. Core features include client intelligence and meeting preparation, document classification and data extraction, and planning tools covering cashflow modelling, scenario analysis and portfolio optimisation. Read the full post KSA Digital WealthTech Platforms Market Surpasses USD 1.9 Billion Milestone The KSA digital WealthTech platforms market is valued at USD 1.9 billion based on a five-year historical analysis, with growth driven by Vision 2030 financial-sector digitalization, accelerating robo-advisory and online investment adoption, rising demand for Shariah-compliant wealth management, and growing fintech and open-banking infrastructure. In March 2026, the Saudi Central Bank began licensing fintech companies to provide open-banking services following completion of its regulatory sandbox phase, and the underlying report benchmarks more than 15 regional and international players, including Al Rajhi Bank, stc pay, NCB Capital, Riyad Bank, and EFG Hermes. Read the full post

ISO/IEC 42001 is the first international standard for governing how an organization builds and uses artificial intelligence. It requires a firm to establish an AI Management System, a defined set of policies, risk and impact assessments, and controls that cover each AI system from development through implementation to retirement. The standard breaks into four layers: a governance foundation with a named accountable owner and an AI inventory, an assessment engine documenting what could go wrong and who is affected, controls drawn from a reference set of thirty-eight and justified in a Statement of Applicability, and an operating loop of metrics, internal audits, and management reviews. ISO itself does not certify anyone. Independent bodies accredited by national accreditation bodies such as ANAB or UKAS conduct the audits. A firm first runs an internal audit, then undergoes a two-stage external audit, and passing the second stage earns a certificate valid for three years with a shorter surveillance audit each year. Most firms reach certification in four to twelve months, and audit fees typically run from $20,000 to $50,000, though total cost depends on size and scope. For WealthTech firms, the standard converts ad hoc oversight of AI-driven advice and client tools into a documented, auditable program before regulators or clients demand it. The real ongoing cost is the shift it locks in, running AI as a governed process indefinitely. ISO 42001 does not capture shadow AI, so firms should treat binding regimes as the floor, including the EU AI Act and existing SEC, FINRA, and Reg BI obligations. Knote: I think AI Governance could be one of the top roadmap items for 2027 at financial services firms. It will take a while before a true standard of practice solidifies, in my opinion, but participants need to get onboard now. Download the full analysis:

Nasdaq, Inc. (2026, July 23). Nasdaq, Inc. second quarter 2026 financial results. Nasdaq. https://ir.nasdaq.com/static-files/1abf8435-c8d4-4bc4-bdca-646d629334e2 Second quarter 2026 net revenue was $1.5 billion, an increase of 15% year over year on both a reported and adjusted basis. Solutions revenue rose 17% to $1.2 billion, while Annualized Recurring Revenue reached $3.3 billion, an 11% increase on a reported basis. GAAP diluted earnings per share was $0.89, up 14%, and non-GAAP diluted earnings per share was $1.07, up 25%. Index exchange-traded product assets under management surpassed $1 trillion for the first time, ending the quarter at $1.114 trillion with $51 billion of net inflows. Listings set a quarterly record for total proceeds raised, led by the SpaceX listing at $86 billion, the largest IPO in exchange history. The company returned $174 million to shareholders through dividends and $356 million through share repurchases while net repaying $162 million of debt. Nasdaq updated its 2026 non-GAAP operating expense guidance to a range of $2.530 billion to $2.570 billion and maintained its non-GAAP tax rate guidance of 22.5% to 24.5%.

SEI Investments Company. (2026, July 22). SEI reports second-quarter 2026 financial results. SEI Investments Company. https://ir.seic.com/press-releases/detail/1041/sei-reports-second-quarter-2026-financial-results Second-quarter 2026 revenues rose 15% year over year to $641.6 million, while income from operations increased 33% to $197.0 million and operating margin expanded to 31%. Diluted earnings per share declined 11% to $1.59, whereas adjusted diluted earnings per share increased 38% to $1.66 following the prior-year gain on the Family Office Services sale. Total net sales events reached $43.5 million for the quarter and $110.6 million year to date, with recurring sales events of $32.6 million. Investment Managers led segment performance with 17% revenue growth and a 40% operating margin, while Private Banks operating profit rose 39% on continued sales conversion momentum. Ending assets under management increased 9.5% to $606.7 billion and total assets managed, advised, or administered reached approximately $2.1 trillion as of June 30, 2026. LSV Asset Management generated $2.0 billion of net inflows and contributed approximately $6.5 million of performance fees attributable to SEI during the quarter. SEI repurchased 1.3 million shares for $112.4 million at an average price of $86.92 per share during the quarter.

Ezra Group. (2026, July 21). Ezra Group launches AI agents directory for financial advisors. EIN Presswire. https://www.northjersey.com/press-release/story/215341/ezra-group-launches-ai-agents-directory-for-financial-advisors/ Ezra Group launched the AI Agents Directory for Financial Advisors, an independent catalog designed to help wealth management firms discover, compare, and evaluate AI agents. The directory addresses a rapidly emerging software category in which vendors offer specialized agents for advisor, operations, compliance, client service, marketing, and investment management workflows. AI agents are distinguished from AI assistants by their ability to autonomously execute multi-step workflows, interact with business systems, and complete tasks with minimal human intervention. The searchable catalog includes agents from both established wealthtech providers and emerging startups, with each listing classified by business function, target audience, and a standardized capability description. The directory is free to use and permits vendors to submit new agents at no cost, with no listing fees, paid placement, or rankings based on commercial relationships. Founder and CEO Craig Iskowitz stated that the resource was created to provide firms an independent view of the market so they can identify available solutions and compare them side by side. The directory is available at https://ezragroup.com/ai-agents-directory/, follows the vendor-neutral principles of the AdvisorTech Map co-published with Michael Kitces, and will be updated continuously as the market evolves.