Bojarski, S. (2026, June 3). Robinhood launches forgivable loans for RIAs, preps wider referral rollout. Citywire. https://citywire.com/ria/news/robinhood-launches-forgivable-loans-for-rias-preps-wider-referral-rollout/a2491113?refea=2191876&link_id=2206813 Robinhood has introduced new offerings for RIAs on its TradePMR custody platform as the Robinhood Advisor Network referral program exits its pilot stage. The new offerings include forgivable loans on eligible net new assets and, subject to regulatory approval, access to IPOs for advisors. The forgivable loans generally span a three-year period and are intended to provide financial assistance for acquisitions, mergers, and advisor recruitment. The referral program connecting brokerage customers with RIAs will roll out next week to a small group of Robinhood customers following a pilot restricted to employees holding at least $250,000 in investable assets. Just over a dozen RIAs are currently active in the referral program, with 50 more in the queue to join, according to TradePMR vice president and general manager Robb Baldwin. A separate offer modeled on Robinhood's IPO Access product would allow RIA clients to invest at the IPO price, while a further pending offer would provide access to Robinhood Ventures fund public offerings. Robinhood serves over 27m brokerage customers, counts $345bn in platform assets, and reports an average customer age of 36.

BOSTON, MA, UNITED STATES, June 3, 2026 -- WealthTech Strategy Partners announced today that Steve Larson, a highly respected wealth management executive with more than 35 years of industry experience, has joined the firm as a Senior Advisor. Larson will help advance the firm's strategic advisory, partnership development, and growth initiatives across the wealth management and WealthTech landscape. Larson brings a distinguished career spanning leadership roles in wealth management, distribution, client service, and platform strategy. During his tenure at T. Rowe Price, he held numerous senior leadership positions, including Head of Wealth Management Platforms, Director of Third Party Distribution, General Manager of Wealth Management Services, Manager of Client Service for Third Party Distribution, Marketing Manager of Third Party Distribution, and Manager of Financial Institution Services. His experience has provided him with a deep understanding of advisor platforms, distribution strategy, client engagement, and the evolving needs of financial advisors and institutions. In addition to his corporate leadership experience, Larson serves as an Independent Advisor with YTS Wealth Management, further strengthening his perspective on the advisor experience and the challenges facing today's wealth management professionals. Beyond his professional accomplishments, Larson has demonstrated a longstanding commitment to advancing financial planning and consumer financial education. He recently served on the Board of Trustees and Executive Committee of the Foundation for Financial Planning, has served as a Board Member of the Financial Planning Association of Maryland, and has been a member of the Board of Trustees of the NAPFA Consumer Education Foundation. "Steve's extensive experience across wealth management platforms, distribution, advisor services, and industry leadership makes him an exceptional addition to our team," said Kendrick Wakeman, CEO and Co-Founder of WealthTech Strategy Partners. "Throughout his career, he has built a reputation for strategic thinking, operational excellence, and a deep commitment to serving advisors and investors. His perspective and relationships across the industry will be invaluable as we continue helping our clients navigate strategic transactions." "The wealth management industry continues to evolve at a rapid pace, creating exciting opportunities for firms that can effectively align technology, distribution, and advisor needs," said Larson. "WealthTech Strategy Partners has established itself as a trusted advisor to many of the industry's most innovative companies. I'm excited to join Kendrick and the team and contribute to helping clients achieve their strategic objectives and long-term success."

O'Connell, J. (2026, June 1). Your regulator isn't the SEC. Your risk is bigger than you think. The Oasis Group. https://theoasisgrp.com/peaks-perspective/your-regulator-isnt-the-sec-your-risk-is-bigger-than-you-think/ Trust organizations are deploying AI across investment analysis, beneficiary communications, and trust accounting without building the corresponding governance infrastructure. Trust companies are held to the prudent investor standard rather than a regulatory checklist, which raises the consequences of AI use that leaves no documentation trail. Federally chartered trust companies fall under the Office of the Comptroller of the Currency, whose model risk management guidance (Bulletin 2011-12, updated 2021) already applies to AI tools without new rulemaking. State-chartered trust companies face accelerating technology risk expectations, with New York issuing AI risk management guidance in 2026 and California and Massachusetts following. The prudent investor standard attaches to AI tool selection, model validation, and documentation, and a vendor's terms of service do not transfer the trustee's fiduciary liability. A trust-specific AI governance program must include an AI tool inventory, an acceptable use policy, decision documentation, vendor oversight, and trustee training. The trust industry has been largely absent from AI governance frameworks built for RIAs and broker-dealers, leaving firms exposed to liability that no insurance policy fully covers. Knote: I love the Trust bank angle here. The brainiacs over at Oasis are always thinking around the corner!

Bengaluru-based WealthTech platform Rovia secured $1 million in a pre-seed funding round to expand its cross-border equity management services. Venture capital firm Antler India led the investment round. Additional participation came from CDM Capital, AC Ventures, Operators Studio, and several angel investors from both the United States and India. Founded in 2025 by Shivang Badaya and Arnav Grover, Rovia provides a unified global wealth platform tailored for international technology professionals who receive equity compensation. The platform addresses specific cross-border challenges, including high foreign exchange rates, remittance costs, complex international tax laws, and single-employer asset concentration. By enabling users to transfer, manage, and diversify assets like restricted stock units through a single interface, the company reduces traditional financial friction. The startup will utilize the newly acquired capital to expand its engineering and product teams. Funds will also support deepening integrations with brokerage and financial infrastructure providers alongside strengthening regulatory and compliance capabilities. Rovia, which has achieved registration as an SEC-registered investment adviser in the United States, currently tracks more than $60 million in equity compensation assets across its growing user base. Link to press release

Chowdhry, A. (2026, May 29). FMG: AI-Based Marketing Intelligence System Launched To Better Serve 80,000+ Advisors And Insurance Professionals. Pulse 2.0. https://pulse2.com/fmg-ai-based-marketing-intelligence-system-launched-to-better-serve-80000-advisors-and-insurance-professionals/ FMG launched an internal AI-powered Marketing Intelligence System to help teams access approved sales materials and support over 80,000 advisors and insurance professionals with improved speed and consistency. The platform operates on a unified repository of institutional knowledge to embed AI throughout the organization, creating a feedback loop between execution and product development. A sales enablement workflow allows teams to quickly assemble customized collateral for specific scenarios, while content creation tools facilitate the efficient generation of personalized, branded materials. An "Ask It Anything" feature grants employees instant access to answers regarding products, positioning, and customers directly from FMG's internal knowledge base. FMG leadership views this new platform as a continuous learning engine designed to reduce operational friction while improving product quality and overall customer outcomes.

Fintech News Singapore. (2026, June 1). DBS to Open 18 Wealth Centres Across Asia as Affluent Demand Grows. Fintech Singapore. https://fintechnews.sg/132334/wealthtech/dbs-wealth-centres/ DBS, a Singapore-based bank and wealth manager, announced plans to open 18 new wealth centers and upgrade 36 existing locations across Asia by the end of 2027 to accommodate growing demand for wealth management services. The expansion will encompass strategic locations across Singapore, Hong Kong, mainland China, India, Indonesia, and Taiwan, representing the largest physical growth of the bank's wealth franchise to date. This initiative aligns with projections estimating Asia's affluent wealth pool will reach US$4.7 trillion in 2026, coupled with persistent client preferences for face-to-face advisory services alongside digital tools. The newly established and upgraded facilities will be dedicated to portfolio advisory, investment and insurance discussions, cross-border wealth planning, and succession conversations. Group Head of Consumer Banking at DBS, Sanjoy Sen, noted that this physical expansion is strategically designed to bring relationship managers closer to clients within their daily environments. The bank's wealth assets under management recently surpassed the SGD 500 billion target more than a year ahead of schedule, driven significantly by existing clients upgrading across wealth segments. The first phase of these new wealth centers is scheduled to launch in the third quarter of 2026, with the rollout continuing progressively through 2027. Knote: The mass affluent class in South Asia is growing like a well fed teenager. DBS is reporting that 40% of their wealth clients have come up from <$100,000. Average age in India is about 30 and are probably starting to save money for the first time.

WEALTHTECH SAFARI A Guided Tour of WealthTech News Week of May 29, 2026 FINRA Warns ‘Finfluencers’ Pose Growing Risk to Investors FINRA identifies financial influencers as a significant threat to retail investors due to aggressive marketing and undisclosed conflicts of interest. This regulatory focus signals an impending crackdown on social media-driven investment advice and increased supervision requirements for traditional broker-dealers. Read More: WealthTech Strategy Partners Blog Oxyzo Acquires GoldenPi to Expand Into Retail Fixed Income Market Oxyzo (Fintech lending unicorn) acquired digital bond platform GoldenPi for $4.4 million to expand its footprint in the retail fixed-income market. The acquisition highlights the ongoing trend of democratizing alternative assets by providing retail investors with direct access to institutional-grade fixed-income products. Read More: WealthTech Strategy Partners Blog Novelty Wealth Raises $1.4 Million in Seed Funding Round Novelty Wealth (AI wealth platform) secured $1.4 million in seed funding to scale its transparent, subscription-based advisory infrastructure and proprietary AI assistant. This capital injection validates the industry shift toward data-driven, fee-only advisory models that leverage AI to solve complex data fragmentation challenges. Read More: WealthTech Strategy Partners Blog Robinhood Launches AI Agent Trading and Credit Card Tools Robinhood (Digital brokerage platform) launched agentic trading features that permit third-party AI agents to autonomously manage portfolios and execute transactions. The move toward agentic finance marks a transition toward fully autonomous wealth management, introducing new complexities regarding account security and user oversight. Read More: WealthTech Strategy Partners Blog Former Envestnet CEO, Bill Crager, Launches AI-Driven Data Integration Platform, Field Field (AI data layer) is a new data integration platform launched by former Envestnet CEO Bill Crager to unify RIA technology systems. Field addresses critical infrastructure gaps in wealthtech by providing a normalized data layer that enables firms to scale without manual integration efforts. Read More: WealthTech Strategy Partners Blog Broadridge 2026 Digital Transformation & Next-Gen Technology Study Broadridge (Global fintech provider) released a study revealing that generative AI has surpassed cloud computing as the technology delivering the greatest business impact. The shift toward agentic AI and tokenization suggests that future industry winners will be those who successfully modernize their foundational data environments. Read More: WealthTech Strategy Partners Blog Feel free to reach out if you want to discuss any of the above or if you just want to chat about WealthTech. We love talking WealthTech! Subscribe and receive these insights directly: wealthtechstrategy.com

Source: Broadridge https://share.google/EM4jzAERajenw3UoK **Headline shift: AI overtakes cloud** - GenAI surpassed cloud as the technology firms say delivers the greatest business impact (28% vs. 21%), a +17pp jump for GenAI year-over-year. - AI usage hit critical mass: 80% of firms now use GenAI or predictive AI, up from 31% in 2025 (+49pp), with 27% already realizing financial benefits (up from 14%). - Firms now allocate roughly one-third of technology budgets to innovation versus "lights on." **Agentic AI — early but accelerating** - 26% of firms currently use agentic AI; of those, 51% have moved past pilots into active production. - 57% are making moderate-to-large investments, and 15% plan to increase investment over the next two years. - Adoption skews to scale: $250B+ AUM firms (32%) are nearly twice as likely as $1–5B firms (17%) to be in active production. **Tokenization reshaping market structure** - 54% of firms are making moderate-to-large investments in tokenization/digital asset infrastructure; 55% expect blockchain/DLT to unlock new capital markets opportunities. - Firms expect material tokenization within ~4–5.5 years across money markets (4 yrs), private/alts (4.5), equities and funds/ETFs (5), and private companies (5.5). - Real-world momentum (Robinhood, Kraken, DTCC, exchange filings) is moving tokenized securities from speculation toward reality. **Foundational gaps: data & tech stack** - 84% say integrating front-, middle-, and back-office into a unified platform is important, but 43% believe they need an entirely new tech stack to thrive in the AI age. - The hardest part is data ontology and synchronization — one firm cited 12 Microsoft tenants and nine CRMs across a 500-person org. - Winners prioritize scalable cloud-native infrastructure, unified interfaces, and embedded AI/analytics. **Talent as a make-or-break factor** - 38% cite lack of skilled talent as the top barrier to GenAI adoption (up from 28%); 37% say the same for agentic AI. - 65% have no formal mandate or incentive to use AI; 61% encourage training but set no formal targets. - Some firms frame AI itself as a way to bridge the talent gap and boost productivity. **The winner's playbook** - Agility beats size — smaller firms close the gap faster thanks to less legacy debt, though scale still aids early adoption. - Success is multidisciplinary: leaning into AI and tokenization without easing up on cloud, data, and cybersecurity. - Top "magic wand" wishes were cyber-resilience, unified/single-source data, and AI with proven business impact. *Methodology: 947 respondents across wealth management, capital markets, and asset management; $77B average AUM; fielded Sept–Nov 2025.*

Janowski, D. (2026, May 27). Bill Crager to lead new company, Field. Wealth Management. https://www.wealthmanagement.com/advisor-support-platforms/bill-crager-to-lead-new-company-field Former Envestnet CEO Bill Crager has returned to a leadership role as the CEO of a new wealthtech firm named Field. The company was established through the integration of two strategic acquisitions, BridgeFT and Precept, made via the investment firm iAltA. Field is designed to serve as a foundational data and intelligence layer that unifies disparate technology systems used by Registered Investment Advisors. The platform utilizes an AI-powered integration layer to connect various tools including custodians, CRMs, and financial planning software in real-time. Crager emphasizes that the firm addresses the historical lack of a properly built infrastructure beneath the industry's existing software tools. The venture aims to scale data normalization and integration to a level that previously required manual effort or expensive custom services. Field positions itself as a structural solution for firms looking to leverage their datasets for enhanced growth and operational value.

Robinhood Newsroom. (2026, May 27). Robinhood is Now Open to Agents. Robinhood Newsroom. https://robinhood.com/us/en/newsroom/robinhood-is-now-open-to-agents/ Robinhood has launched Agentic Trading and the Agentic Credit Card, allowing customers to connect third-party AI agents directly to the platform via Model Context Protocol (MCP) servers. The Agentic Trading feature allows users to establish a dedicated brokerage account separate from their main portfolio, ensuring the AI agent only has access to explicitly deposited funds. Connected AI agents can autonomously execute stock trades, analyze portfolios for sector exposure, and run rule-based strategies without requiring confirmation for every individual transaction. Users retain full oversight and can track agent activity via a real-time feed, receive immediate push notifications for trades, and disconnect the agent at any moment. The Agentic Credit Card links third-party AI agents to a dedicated virtual Robinhood Gold Card, enabling autonomous purchases such as booking restaurant reservations or purchasing business inventory. Customers maintain control over autonomous spending by setting custom monthly limits and configuring optional manual approval requirements for transactions. Once account data is shared with a third-party AI provider, it leaves Robinhood's security environment and is governed entirely by that provider's terms.

Bangalore-based wealth management platform Novelty Wealth has successfully raised $1.4 million in a seed funding round led by venture capital firm IndiaQuotient. The regulatory-licensed firm, which holds a SEBI-RIA license, operates on a zero-commission, fee-only model designed to provide transparent financial guidance. This capital injection occurs during a major structural shift in the Indian retail market toward digital and data-driven investment advice. The startup provides an AI-driven platform that aggregates fragmented financial data across various banks, brokerages, and mutual fund platforms to give investors a unified view of their net worth. Its core offering includes NovaAI, a purpose-trained artificial intelligence assistant that provides real-time insights on portfolio performance, risk tracking, asset concentration, and tax optimization. Co-founded by Naveen Changoiwala, Sajal Gupta, and Apurva Agarwal, the firm intends to use the capital to expand its digital advisory services and enhance its technological infrastructure. This development underscores the growing importance of integrated wealth intelligence platforms in rapidly evolving financial markets. For the broader wealth technology industry, platforms, and integrators, Novelty Wealth demonstrates how proprietary AI layers can be effectively deployed to handle data fragmentation and deliver scalable, unbiased advisory tools. By shifting away from traditional commission-based distribution toward subscription-based software models, the firm provides a template for how technology can institutionalize trust and transparency for retail investors. Link to Press Release

Oxyzo Acquires GoldenPi to Expand Into Retail Fixed Income Market Gurugram-based fintech unicorn Oxyzo Financial Services, the lending arm of OfBusiness, has acquired a 100% stake in GoldenPi Technologies for approximately $4.4 million. The transaction was structured as a share-swap agreement, marking a major strategic expansion for Oxyzo. GoldenPi operates as a prominent digital bond distribution platform that specializes in providing retail investors with direct access to corporate bonds, non-convertible debentures, and government securities. Through this acquisition, Oxyzo officially enters the fast-growing retail fixed-income and wealth management market. While Oxyzo has traditionally focused on business-to-business credit solutions and small-to-medium enterprise financing, this acquisition provides an established digital gateway to serve individual investors. GoldenPi simplifies debt investing by offering fixed-income assets with relatively low entry thresholds, transforming a space that was historically restricted to institutional buyers. For the broader wealth management industry, this integration illustrates how technology continues to democratize alternative asset classes for retail clients. Wealth platforms and financial integrators can leverage these digital distribution capabilities to offer diversified fixed-income options to advisors and independent investors seeking reliable yields. By combining institutional credit underwriting with a retail wealthtech platform, Oxyzo aims to scale its fee-income lines and broaden its digital financial services ecosystem. https://economictimes.indiatimes.com/tech/technology/ofbusiness-lending-arm-oxyzo-to-acquire-goldenpi-tech-enter-retail-fixed-income-market/articleshow/131216535.cms?from=mdr https://inc42.com/buzz/oxyzo-to-buy-debt-investment-platform-goldenpi-for-%E2%82%B942-cr/