Orion. (2026, July 21). Orion rockets past $6 trillion in assets and sets the AI-native standard for wealth management. Business Wire. https://www.businesswire.com/news/home/20260721058231/en/Orion-Rockets-Past-%246-Trillion-in-Assets-and-Sets-the-AI-Native-Standard-for-Wealth-Management Orion announced it has surpassed $6.6 trillion in assets under administration, a 29% increase since crossing $5 trillion one year earlier. The firm now supports more than 8.6 million technology accounts and has nearly doubled its wealth management assets year over year to $211 billion. Orion is expanding its Denali AI-native ecosystem into three options, with AI features included in every Orion product at no additional cost. The three tiers consist of Powered by Denali for built-in features, Denali Solutions for customized connected AI, and Denali AI for firm-wide orchestration launched in February. CEO Natalie Wolfsen stated that Orion clients grew nearly 40% faster in 2025 than non-Orion advisors and that AI-enabled time savings could support up to 40% more revenue capacity. Orion achieved ISO 42001 certification, described as the first international standard for artificial intelligence management systems. Orion reports a number one market share position in All-In-One Software, CRM, and Portfolio Management/Reporting, with 17 of the top 20 Barron's RIA firms relying on its technology.

Neo has emerged from stealth with $100m in funding to help enterprises manage and secure the rapid spread of AI agents across their software systems. The round was led by Andreessen Horowitz and Bessemer Venture Partners, with Craft Ventures and Merlin Ventures also participating. The company plans to use the capital to expand its engineering and go-to-market teams as businesses race to establish oversight of fast-growing agentic software. The firm argues that enterprise environments are changing faster than legacy security programs can handle, with staff adopting new AI tools from the ground up and incumbent vendors adding agentic features to already-approved applications. Neo offers a real-time control layer built around five capabilities, including an inventory of AI agents and applications, capability and risk intelligence, action-level attribution, granular policy controls, and native enforcement that can block dangerous activity. Its founding team includes former SentinelOne leaders, among them chief executive and co-founder Nick Warner. We feel that agentic tools that act on their own initiative, inherit permissions, and move through workflows raise clear governance questions for advisors, platforms, and integrators weighing where automation belongs. Neo reflects a wider recognition that as firms embed AI into regulated processes, the ability to monitor, attribute, and control that software becomes as important as the capabilities themselves. 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. https://www.thesaasnews.com/news/neo-raises-100m-other/

Rick Wurster discloses sweeping Schwab plan to flip up to 31% of its self-directed book of business into its RIA, Schwab Wealth Advisory, calling house retail clients 'unmatched conversion funnel'. (2026, July 22). RIABiz. https://riabiz.com/a/2026/7/22/rick-wurster-discloses-sweeping-schwab-plan-to-flip-up-to-31-of-its-self-directed-book-of-business-into-its-ria-schwab-wealth-advisory-calling-house-retail-clients-unmatched-conversion-funnel Charles Schwab is targeting up to 31% of its self-directed client base for conversion into its in-house RIA, Schwab Wealth Advisory. The initiative targets eight million or more self-directed clients holding more than $1 trillion in assets. CEO Rick Wurster described the firm's self-directed investor base as an unmatched conversion funnel into advice. Schwab anticipates approximately three times higher returns from clients converted into the RIA. The updated SEC ADV Part 2, filed June 30 and reviewed by RIABiz, reported $218 billion in assets under management as of December without providing revised figures. Wurster stated that the broader advised market, including users of Fidelity, Robinhood, Vanguard, the wirehouses, IBD reps, and bank brokers, remains 98% untapped by Schwab.

Snaylam, M. (2026, July 20). Can MoneySuperMarket turn savers into investors? FinTech Global. https://fintech.global/2026/07/20/can-moneysupermarket-turn-savers-into-investors/ MoneySuperMarket has entered the WealthTech market with an investment platform powered by Seccl, aiming to convert millions of UK non-investors into first-time market participants. The service, Investments by MoneySuperMarket, is integrated into the company's app and lets customers open a stocks and shares ISA or general investment account and invest from £1. The platform charges no trading fees and applies an annual platform fee of 0.34%. Company research found that around 70% of UK adults do not invest, while one in 10 investors cannot identify the product they hold. To simplify the experience, the platform offers a curated range of 40 funds and ETFs, including Vanguard LifeStrategy portfolios and self-directed options such as S&P 500 tracker funds. Customers automatically receive SuperSaveClub membership, with the first three months of platform fees credited back to their digital wallet alongside cashback rewards and discounts. The launch supports MoneySuperMarket's ambition to become a financial companion that combines comparison, savings, and investing within a single digital experience, building on a SuperSaveClub base of more than 2.5 million members.

MSCI Inc. (2026, July 21). MSCI reports financial results for second quarter and six months 2026. CapEdge. https://capedge.com/filing/1408198/0001408198-26-000044/8K/file/2 Second quarter 2026 operating revenues reached $867.0 million, a 12.2% increase over the prior-year quarter, with organic operating revenue growth also at 12.2%. Recurring subscription revenues rose 9.0% and asset-based fees rose 26.6%, while the operating margin reached 56.2% and the adjusted EBITDA margin reached 62.1%. Diluted EPS was $4.69, up 19.6%, and adjusted EPS was $4.94, up 18.5%, with net income of $342.0 million. Total Run Rate at June 30, 2026 was $3,479.7 million, up 12.0%, and the quarterly Retention Rate was 95.3% compared to 94.4% a year earlier. The company repurchased $147.2 million or 264,043 shares through July 20, 2026, paid approximately $149.2 million in dividends, and declared a third-quarter cash dividend of $2.05 per share. On June 24, 2026, MSCI agreed to acquire First Street Technology, Inc. for $120.0 million at closing plus contingent payments, with the transaction expected to close in the third quarter of 2026. MSCI raised its full-year 2026 operating expense guidance to $1,535 to $1,575 million and its adjusted EBITDA expense guidance to $1,340 to $1,370 million, reflecting recent acquisitions and stronger business performance. Knote: The report seems to show every needle in the green, so naturally the stock dropped 10%.

D1g1t Inc. (2026, July 20). d1g1t launches MCP server to bring AI-powered intelligence directly into financial advisor workflows. Newswire (CNW Group). https://www.newswire.ca/news-releases/d1g1t-launches-mcp-server-to-bring-ai-powered-intelligence-directly-into-financial-advisor-workflows-830673730.html d1g1t announced the launch of the d1g1t MCP server, a connector built on the open Model Context Protocol standard that links its enterprise wealth management platform to general-purpose AI tools including Anthropic's Claude, OpenAI's ChatGPT, and Microsoft's Copilot. The integration exposes the platform's core capabilities as tools that AI agents can call on an advisor's behalf to search, read, and reason over data using natural language rather than manual screen-by-screen navigation. Advisors can request live actions in plain language, such as pulling a household's holdings, summarizing year-to-date performance, flagging mandate breaches, or assembling a client report. The server supports high-impact functions including automated morning briefs, meeting preparation, ad-hoc client reporting, portfolio analysis, account intelligence, client onboarding, and compliance monitoring. Chief Product Officer and Co-founder Benoit Fleury stated that connecting AI agents to the platform gives advisors a personal Chief of Staff that reduces administrative work and enables personalization at scale. The company positioned the launch as the foundation for a broader AI roadmap spanning portfolio management, reporting, onboarding, and client engagement. d1g1t scheduled a live demonstration webinar titled How AI Is Reshaping the Advisor Workflow for Wednesday, July 22, at 1:00 p.m. ET. Knote: Perhaps MCPs are the answer to getting the operating efficiencies of a hard-coded solutions and the flexibility of AI?

Alpaca, a New York-based agent-first brokerage infrastructure company, has raised $135M in new funding. The round was led by Peak XV, with participation from Elefund, Opera Tech Ventures, and Unbound. The investment follows Alpaca's $150M Series D announced in January 2026, which valued the company at $1.15 billion. Alpaca is led by CEO Yoshi Yokokawa. A self-clearing broker-dealer, Alpaca provides API-first infrastructure that lets financial companies build and scale investing products across traditional and onchain markets. Its clients include fintechs, banks, broker-dealers, wealth managers, algorithmic trading firms, active traders, and crypto-native platforms. The company plans to use the funding to accelerate its agent-first brokerage and prime brokerage infrastructure. For platforms, integrators, and wealth managers, the raise signals continued investment in the connective technology that powers modern trading and investing experiences. The financing also touches a broader industry question about the best and worst uses of AI in wealth management. Alpaca's agent-first design places automated agents at the center of trade execution and market access, an approach that promises efficiency and scale while raising familiar considerations around oversight, transparency, and control in regulated activities such as trading. How firms weigh those tradeoffs may help determine which AI-driven infrastructure earns lasting adoption. https://www.finsmes.com/2026/07/alpaca-raises-135m-in-funding.html

AngelList, a software platform building the financial system for private markets, has acquired Ark PES, a fund management software provider serving more than 500 general partners and fund administrators across venture capital and private equity. Ark supports more than $185 billion in assets. Terms of the transaction were not disclosed. AngelList CEO Avlok Kohli said the combination would enhance the company's AI capabilities and drive product development, while Ark CEO Bill Ward said joining AngelList would let his team accelerate its work building software that fits how fund administrators and managers operate. The combined platform pairs Ark's fund accounting, LP reporting, and fundraising tools with AngelList's banking network, payments infrastructure, and cap table software. The companies plan to extend AI across fund accounting, investor reporting, and fundraising workflows to reduce manual work and improve accuracy. AngelList's banking network, which counts more than 150,000 accredited investors, is expected to clear capital calls, distributions, and subscriptions in minutes rather than days. For advisors, platforms, and fund administrators, the deal reflects continued consolidation of the operational tooling behind private funds. It also connects to the WealthTech theme of rising interest in alternatives, where advisors increasingly seek differentiated access to private markets even as transparency, liquidity, and onboarding friction persist. By tightening the link between administration, banking, and reporting, the platform aims to make private-market operations more scalable. https://www.businesswire.com/news/home/20260716346747/en/AngelList-Acquires-Ark-Combining-Fund-Administration-Software-Banking-and-AI-in-One-Platform

Veriqus Group, an integrated wealth and asset management platform based in India, has raised about ₹387 crore, roughly $40 million, in a funding round led by Norwest Venture Partners. The firm was founded by Ashish Gumashta, former chairman and chief executive of Julius Baer India, and Roshi Jain, former senior fund manager at HDFC Asset Management. It serves high net worth individuals, family offices, entrepreneurs and institutions. Veriqus is positioning itself as a technology and AI-enabled platform that combines deep advisory relationships with portfolio analytics, risk monitoring, client reporting and decision support. Its asset management arm draws on fundamental research and disciplined investing, while its business advisory and lending verticals provide clients with strategic capital for growth, acquisitions and liquidity needs. Norwest principal Nikhil Kookada said India's wealth industry sits at an inflection point, driven by rapid wealth creation beyond the major metros and rising demand for holistic advice. The launch reflects a broader WealthTech shift toward Family Office as-a-Service, in which technology extends the high-touch, multi-service model of a family office to a wider client base. By bundling investing, advisory and lending on one platform and targeting first-generation entrepreneurs in Tier II cities, Veriqus aims to bring institutional-quality advice closer to India's next generation of wealth creators. For advisors, platforms and integrators, the deal signals growing demand for integrated offerings that sit at the center of a client's financial life. https://www.livemint.com/companies/news/wealthtech-firm-veriqus-group-funding-round-norwest-venture-managing-wealth-wealth-creators-ai-enabled-platform-11784528639700.html

GIM raises $20M to scale agentic AI investing Grace Investment Machine (GIM), an AI-native investment tech company, closed a $20M Series A co-led by a US VC firm and Hony Capital, with IDG Capital and existing backer Monolith Capital participating, its third round in year one. The system builds foundation models for capital markets and multi-agent architectures that validate trading signals through layered reasoning; its CogAlpha paper was accepted at ACL 2026 with an oral recommendation. Read the full post SS&C to enable digital cash settlement for tokenized funds SS&C will let tokenized investment transactions settle through regulated digital cash instruments, including stablecoins and tokenized bank deposits. Builds on its 2026 tokenized-fund issuance rollout, itself built on the 2025 Calastone acquisition. Read the full post Feathery raises $30M to scale its AI operating and decisioning system Feathery, an AI operating/decisioning system for financial services, raised $30M total (including a recent Series A) from Portage Ventures, Index Ventures, Allstate Strategic Ventures, Clocktower Ventures, Erie Strategic Ventures, and Bain Capital Ventures. Serves 300+ insurance and wealth firms, including Sequoia Financial, Allworth Financial, and Mission Wealth, processing tens of millions of submissions monthly for onboarding, proposals, and account opening. Read the full post Wealthtech drives Indian fintech profits in FY25: Jefferies India's fintech sector posted its first-ever aggregate profit in FY25, on ₹1.03 trillion in industry revenue; wealthtech was the biggest earnings driver at ₹22,600 crore revenue / ₹7,400 crore profit, while payments (₹51,200 crore revenue) posted a net loss. Jefferies projects a 29% wealthtech revenue CAGR through FY28, even as overall fintech growth cools from a 49% CAGR (FY21–25) to 18%. Read the full post Russell Investments names new long-term owners in B Capital-led deal A B Capital-led consortium, including CalPERS, agreed to acquire Russell Investments ($416B+ AUM) from TA Associates and Reverence Capital Partners; expected to close Q1 2027. CEO Zach Buchwald and CIO Kate El-Hillow stay in place; firm keeps its open-architecture, multi-asset model. Read the full post Olomon closes $2.6M pre-seed to build a financial system of record Olomon, founded by Jeremy Bolls (previously founder/exit of Kindful), closed a $2.6M pre-seed from entrepreneurs, fintech investors, and financial-services pros. Several already users of the product. Building a permissioned, client-owned data layer for complex households, accounts, entities, insurance, private investments, estate structure, sitting beneath existing dashboards/CRMs; GA targeted for early Q3 2026. Read the full post

Olomon, a WealthTech startup founded by serial entrepreneur Jeremy Bolls, has closed a $2.6M pre-seed funding round. The round drew entrepreneurs, fintech investors, and financial-services professionals, several of whom already use the product. Bolls, who previously founded and exited the nonprofit software firm Kindful, said he is personally and substantially invested in the company. Olomon is building what it calls a financial System of Record for complex households and their advisors. The platform is designed to serve as a structured, permissioned, client-owned record that sits beneath the dashboards, planning tools, and CRMs that families and advisors already use, holding accounts, entities, insurance policies, private investments, and estate structure in one canonical layer. That approach reflects a broader industry theme, Family Office as-a-Service, in which technology brings the holistic, high-touch coordination once reserved for family offices down-market and places clients and advisors at the center of a household's financial life. The capital will fund three priorities: deepening the product so it captures everything a complex household's finances contain, strengthening the permissioned-collaboration model that lets advisors, attorneys, and CPAs read from the same client-owned record, and moving toward general availability, targeted for early Q3 2026. For advisors, platforms, and integrators, the effort points to a shared data layer that could reduce fragmentation across existing tools, and durable, family-owned financial records could reshape how households and professionals collaborate for years to come. https://lnkd.in/g4g6zCuH

Russell Investments said on July 9, 2026 that an investor consortium led by B Capital and including the California Public Employees' Retirement System has agreed to acquire the firm from TA Associates and Reverence Capital Partners. The global investment solutions provider manages more than $416 billion in assets and has posted organic growth above 15% over the past two years. The transaction is expected to close in the first quarter of 2027, subject to regulatory approvals and customary conditions. An independent partner to its clients for more than 90 years, Russell Investments runs an open-architecture model that sources portfolio solutions across public and private markets. The new owners bring long-term capital, technology expertise, and experience scaling next-generation businesses. The firm plans to widen access to that model through technology, greater customization, and analytics, spanning institutional outsourcing, portfolio implementation, personalized solutions, model portfolios, tax-managed investing, and self-directed investing. Russell will continue to operate independently under Chairman and CEO Zach Buchwald and President and Chief Investment Officer Kate El-Hillow. The deal speaks to the future of turnkey asset management platforms, where providers increasingly compete on technology, alternatives, and mass personalization rather than portfolio management alone. Russell's model portfolios and personalized solutions place it at the center of that shift. For advisors, platforms, and asset managers, the arrival of technology-focused capital signals how outsourced investment and model-portfolio businesses may evolve as scale and customization become the differentiators. https://russellinvestments.com/content/ri/us/en/about-us/newsroom/2026/russell-investments-announces-new-long-term-owners.html