YCharts to acquire Zephyr, expanding its advisor analytics platform YCharts, an advisor-facing analytics and research platform, is acquiring investment-analytics provider Zephyr in a deal framed as a partnership that broadens its toolset for financial advisors. Layering Zephyr’s portfolio analytics onto YCharts’ recent AI rollout deepens the platform’s push to become an all-in-one research and reporting hub for growth-minded advisory practices. Knote: I have not seen anything official from the Company yet, but it is being reported by some of the users. Read the full post Etico names wealthtech veteran Walter Gengarelly as its first CTO Etico Financial, an EOS Ventures-backed financial services and technology firm, appointed 25-year advisor-platform veteran Walter Gengarelly as its inaugural Chief Technology Officer. The hire signals Etico’s intent to build proprietary, advisor-facing technology from the ground up rather than assemble a stack from third-party vendors. Read the full post PureFacts embeds WealthTechs data technology into its revenue platform PureFacts Financial Solutions, a revenue performance management provider, will license and embed WealthTechs’ data aggregation and connectivity technology into its next-generation data ingestion capability. Positioning clean, trusted data as the foundation for agentic AI reflects a broader industry bet that automation across the revenue lifecycle only works on top of normalized, validated account data. Read the full post Morningstar’s sale of ByAllAccounts to Pello collapses Morningstar confirmed its planned sale of the ByAllAccounts aggregation unit to Salt Lake City startup Pello will not close, unwinding a deal first announced in April 2026. The failed exit is a setback for CEO Kunal Kapoor’s “capital-lite” Wealth strategy and underscores mounting turbulence in account aggregation as the CFPB weighs data fees and Plaid pursues a reduced $8 billion IPO. Knote: Well, I guess the whole thing ended even more confusingly than it began. We still don't know who actually owns Pello. Read the full post WealthAi and Flanks partner to fix fragmented wealth data WealthAi, an AI operating system for wealth managers, partnered with data-infrastructure provider Flanks to give users direct access to institution-grade data from more than 650 institutions worldwide. By promising a single source of truth across every asset class, the tie-up takes direct aim at the legacy aggregators that family offices and private banks still rely on for costly, manual reconciliation. Read the full post Salesforce launches ‘Agentic Advisor’ for RIAs amid a stock slide Salesforce launched Agentic Advisor, a suite of agentic AI capabilities built into Agentforce for Financial Services, as its stock trades down 41% year-to-date on fears it fell behind in AI. Experts flagged one-to-two-year implementations, six-figure setup costs, and a lack of turnkey wealth integrations, raising doubts about adoption among RIAs that already have their own AI strategies. Knote: This is definitely a step in the right direction for Salesforce given the new breed of AI-centric CRM challengers, but it remains to be seen if it really addresses the bigger issue: the database. Not that it really matters since, once you implement Salesforce, you really can't leave it. At least, until someone invents the magical ruby-red slippers that take you effortlessly to another provider. Read the full post Tiburon maps the WealthTech landscape across five eras and 20+ categories Tiburon Strategic Advisors released new written research on wealth and investment management technology and outsourcing, analyzing more than twenty categories by market size, leading competitors, and outlook. Its call that platform TAMPs will become the de facto standard while single-point solutions struggle sharpens the stakes for standalone WealthTech vendors heading into a predicted wave of IPOs and M&A. Read the full post Objectway acquires FNZ’s Swiss private banking technology business Objectway, a global WealthTech provider, agreed to acquire FNZ Switzerland SA (formerly New Access), adding 160-plus professionals and over 40 private-bank clients under the Objectway Switzerland brand. The deal extends Objectway’s core-to-digital platform into new wealth hubs and typifies the consolidation reshaping WealthTech providers as private banks demand standardized, scale-driven technology. Read the full post Wealth and retirement convergence heats up at the workplace Industry leaders from Creative Planning, LPL, and Edward Jones are racing to merge wealth and workplace-retirement services, with advisors who do both reportedly growing 2.1 times faster. With $74 trillion in wealth assets dwarfing defined-contribution pools, the workplace is emerging as a prime funnel for capturing rollovers and high-value wealth relationships. Read the full post FactSet partners with and invests in TIFIN.AI for advisor workflows FactSet announced a partnership and strategic investment in TIFIN.AI to deliver AI-powered advisor workflows, starting with a Meeting Prep Agent and a Book Intelligence Agent. By running TIFIN.AI’s engine entirely inside FactSet’s infrastructure with auditable, domain-specific answers, the pair pitches governance and hallucination control as the differentiator over generic LLMs. Read the full post Vestmark’s TAMP AUM leaps 5x to $50 billion on asset-manager referrals Vestmark Advisory Services now manages $50 billion of RIA portfolios, up from $10 billion 18 months ago, crediting referral relationships with major asset managers and its VAST tax-overlay and direct-indexing tool. The surge illustrates how tax management—cited by 76% of platforms as the top priority—has become the decisive feature winning standalone-RIA flows onto UMA platforms. Knote: Third-party models grew 46% last year, which is excellent growth. But, it seems Vestmark is growing even faster with smart technology use, courting relationships with the asset managers, and good targeting. Read the full post

YCharts is acquiring Zephyr in a deal being described as a significant win for financial advisors. The announcement was shared publicly by Jay Coulter, a longtime YCharts user, who characterized the transaction as a meaningful expansion of the platform's capabilities for advisors and the clients they serve. YCharts operates as a technology platform that advisors use to scale their practices efficiently. Coulter noted that the platform has made it easy to build out and grow an advisory offering, and that its recent artificial intelligence rollout has notably strengthened the tools available to users. The Zephyr acquisition, framed as a partnership, is positioned to broaden that functionality even further for the firms and clients that depend on it. Knote: I have not seen anything official from the Company yet, but it is being reported by some of the users. https://www.linkedin.com/posts/sjaycoulter_this-is-big-news-i-just-learned-that-ycharts-activity-7481024306164953088-v-NS/

Etico Financial. (2026, July 8). Etico appoints wealthtech veteran Walter Gengarelly as inaugural chief technology officer. EIN Presswire. https://tech.einnews.com/pr_news/924792904/etico-appoints-wealthtech-veteran-walter-gengarelly-as-inaugural-chief-technology-officer Etico Financial, a new-generation financial services and technology firm backed by EOS Ventures, appointed Walter Gengarelly as its inaugural Chief Technology Officer. Gengarelly will lead the firm's technology strategy from the ground up as Etico advances a multi-year investment in proprietary technology designed to reimagine how advisors run their practices and how clients experience wealth management. He brings more than 25 years of hands-on experience designing, building, and scaling advisor-facing platforms across the wealthtech industry. Most recently he served as Vice President of Product Management at GeoWealth, where he led enterprise integration strategy and multi-account digital onboarding workflows for the TAMP platform. As Director of Technology at First Ascent Asset Management, he built the infrastructure that powered growth to more than 250 affiliated RIA firms and $17 billion in assets under management, earning top rankings in the T3 Software Survey in 2021 and 2023. Earlier in his career he founded the cloud-native SaaS platform Forward Financial Technology and held senior technology leadership roles at Envestnet and Prima Capital. Gengarelly holds a B.S. in Business Administration with concentrations in Information Systems and Accounting from the University of Colorado, Boulder, and carries PMP, PMI-ACP, and CSP certifications.

PureFacts Financial Solutions. (2026, July 8). PureFacts partners with WealthTechs to launch next-generation data aggregation and ingestion capability. Morningstar. https://www.morningstar.com/news/pr-newswire/20260708to99563/purefacts-partners-with-wealthtechs-to-launch-next-generation-data-aggregation-and-ingestion-capability PureFacts Financial Solutions announced a strategic partnership with WealthTechs on July 8, 2026, combining a Revenue Performance Management provider with a specialist in data aggregation and integration technology for financial services firms. Under the agreement, PureFacts will license and embed WealthTechs' data aggregation and connectivity technology into its next-generation data ingestion capability. The integration is designed to strengthen PureFacts' ability to connect, normalize, validate, and operationalize data across fee billing, advisor compensation, practice management, revenue intelligence, and future agentic AI capabilities. The new capability aims to reduce manual data handling, accelerate implementation timelines, improve data quality, and create a more scalable foundation for managing revenue with accuracy and control. Pete Hess, President of PureFacts, characterized trusted data as a strategic requirement rather than merely an implementation requirement as firms apply automation and agentic AI across the revenue lifecycle. Chris Casey, CEO of WealthTechs, stated that combining PureFacts' revenue management capability with WealthTechs' integrated client account data layer will help firms reduce manual effort and accelerate the path from implementation to measurable value. PureFacts will deliver the capability as a service within its PureRevenue portfolio, owning the customer experience, implementation, and service delivery while WealthTechs' technology is embedded in the underlying data aggregation and ingestion layer.

Southall, B., & Breen, O. (2026, July 8). Morningstar's sale of ByAllAccounts to Pello won't close -- the latest mishap in the 'aggregation' category as Plaid seeks IPO and CFPB mulls plan to allow data fees. RIABiz. https://riabiz.com/a/2026/7/9/morningstars-sale-of-byallaccounts-to-pello-wont-close-the-latest-mishap-in-the-aggregation-category-as-plaid-seeks-ipo-and-cfpb-mulls-plan-to-allow-data-fees Morningstar's planned sale of its ByAllAccounts account aggregation unit to Salt Lake City startup Pello Companies will not proceed to closing, the company confirmed, ending a transaction first announced in April 2026. Morningstar informed RIAs of the change by email on June 25, 2026. Morningstar said ByAllAccounts will continue to operate as a business within the company with consistent levels of operational support, noting that Morningstar is itself an internal client that depends on the service for its Direct Advisory Suite and Morningstar Investor offerings. Both Morningstar and Pello declined to disclose the reason for the termination, citing confidentiality obligations tied to a non-disclosure agreement. Morningstar declined to say whether it will seek a new buyer to replace Pello. The collapse is a setback for the "capital-lite" strategy that Morningstar CEO Kunal Kapoor is executing in the Wealth unit to exit capital-intensive parts of the business. Proposed CFPB changes that could let banks and brokerages charge fees after a set number of free data pulls would disadvantage smaller aggregators, according to Datos Insights director Will Trout, even as Plaid pursues an IPO at a reduced $8 billion valuation. Knote: Well, I guess the whole thing ended even more confusingly than it began. We still don't know who actually owns Pello.

jhaxell. (2026, July 7). WealthAi and Flanks unite to fix wealth data woes. FinTech Global. https://fintech.global/2026/07/07/wealthai-and-flanks-unite-to-fix-wealth-data-woes/ WealthAi, an AI operating system for wealth managers, has partnered with Flanks, a provider of AI-driven wealth data infrastructure, to address fragmented and costly industry data. WealthAi platform users will gain direct access to institution-grade information sourced from more than 650 institutions worldwide through Flanks' automated data infrastructure. The combined offering provides compliant portfolio data with full 360-degree visibility across every asset class and institution within a single platform. The partnership targets family offices, external asset managers, and private banks that rely on ageing data providers to connect with custodians, investment managers, and third parties. Firms currently face disjointed information and heavy manual work reconciling data across formats such as PDFs, bank statements, and spreadsheets while lacking a complete client view. The integrated system allows firms to replace multiple legacy vendors with one AI-powered platform that streamlines front, middle, and back office operations while reducing costs. WealthAi CEO Jason Nabi and Flanks CEO Joaquim de la Cruz framed the arrangement as a single source of truth that turns clean, connected data into automated action across the industry.

Southall, B. (2026, June 24). Salesforce tries to catch up on AI -- and halt precipitous stock slide -- with launch of 'Agentic Advisor' for RIAs, but experts are raising a litany of concerns from costs, to benefits and the hassle of implentation. RIABiz. https://riabiz.com/a/2026/6/24/salesforce-tries-to-catch-up-on-ai-and-halt-precipitous-stock-slide-with-launch-of-agentic-advisor-for-rias-but-experts-are-raising-a-litany-of-concerns-from-costs-to-benefits-and-the-hassle-of-implentation Salesforce launched Agentic Advisor, a suite of agentic AI capabilities for financial advisors built natively into its Agentforce for Financial Services, automating administrative and customer-facing tasks across banking, wealth management and insurance. The launch comes as Salesforce (CRM) stock has lost 41% of its value year-to-date, trading at $153, a 58% decline from its late-2024 peak, amid fears the company fell behind in the AI revolution. Nine days earlier, on June 15, Salesforce closed a $3.6 billion acquisition of Fin, an autonomous AI customer service platform, which CEO Marc Benioff framed as a way for clients to accelerate "time to value." Franklin Tsung of Salesforce reseller AppCrown warned that implementation can take one to two years and cost $150,000 to $350,000 in one-time fees, excluding license and AI usage-based pricing, with AI costs potentially reaching millions. Justin Mikhalevsky, CTO of the roughly $40 billion EP Wealth Advisors, said an initial Agentforce deployment reduced administrative friction and left him willing to explore additional use cases. Critics including Tsung said the offering "remains an island," lacking turnkey integrations with the critical systems that support wealth management and likely to meet adoption hurdles from RIAs that already have their own AI strategies. T3 producer Joel Bruckenstein called the release a mixed bag, saying most of the touted capabilities are things "everybody is doing, or about to," while the most potentially significant feature does not yet exist. Knote: This is definitely a step in the right direction for Salesforce given the new breed of AI-centric CRM challengers, but it remains to be seen if it really addresses the bigger issue: the database. Not that it really matters since, once you implement Salesforce, you really can't leave it. At least, until someone invents the magical ruby-red slippers that take you effortlessly to another provider.

Tiburon Strategic Advisors. (2026). Wealth & investment management technology & outsourcing strategies. Tiburon Strategic Advisors. Tiburon Strategic Advisors released a new Tiburon Written Research topic on wealth and investment management technology and outsourcing strategies, with additional basic coverage of banking technology (deposits, lending, and payments) and insurance technology (InsurTech). The report frames the subject through five historical phases: portfolio accounting and reporting, product TAMPs, platform TAMPs, comprehensive platforms with mobile and client-facing collaborative technology, and a current phase of new entrants, consolidation, and pending IPOs. It provides a category-by-category analysis of more than twenty technology and outsourcing categories, covering their market sizes, leading competitors, and expected developments across banking, insurance, brokerage, independent advisor, and investment management technology. Advisor-facing categories analyzed include CRM, proposal generation and risk technology, account aggregation and financial planning, document management and eSignature, portfolio accounting and reporting, rebalancing, trade order management, compliance, billing, and TAMPs, model marketplaces, and OCIOs. Tiburon predicts substantial overall growth with the fastest growth in wealth management technology (WealthTech), and expects wealth management firm platform TAMPs to become the defacto platforms while single point solutions struggle to survive. Further predictions include the growing importance of mobile and virtual delivery, continued dominance of core systems providers, substantial growth in robotic process automation, and third-party development of modules leveraging APIs, artificial intelligence and machine learning, and workflow technology. Tiburon also forecasts mid-term potential in blockchain and a coming wave of WealthTech IPOs alongside continued venture capital investment and mergers and acquisitions, part of a research library now covering over 2,400 topics and company profiles.

WEALTHTECH SAFARI A Guided Tour of WealthTech News Week of July 3, 2026 2026 US Model Portfolio Landscape — Model portfolio market research • Third-party model portfolio assets reached $934 billion at the end of March 2026, up 46% year-over-year and closing in on the $1 trillion mark, per new Morningstar research. • With ETFs now capturing 55% of model allocations and nearly 70% of firms planning private-asset exposure, TAMPs and model providers are increasingly positioned as the gatekeepers of alternatives distribution in wealth management.. Knote: Tremendous growth continues in the model portfolio market but we expect that growth to increase with the democratization of alternatives since we believe TAMPs and model portfolios will be the gatekeepers of alternatives distribution in wealth management. Read More → Oxyfinz Unveils Free Software Initiative to Bridge the UAE Wealth Management Technology Gap • Oxyfinz has launched a free, 12-month enterprise software program giving 20 qualifying UAE boutique wealth managers and EAMs full access to its portfolio management and data infrastructure suite. • The move targets a widening tech gap between large institutions and boutique firms as DIFC and ADGM assets under management continue to surge, positioning Oxyfinz as an infrastructure gateway in a fast-growing regional market. Knote: This is an interesting go-to-market strategy. Probably worth watching if you are a startfup founder. Read More → Maybank Equips Relationship Managers with AI-Driven Advisory Platform • Maybank is rolling out Advisor Assist, an AI-driven advisory platform built by Evooq, giving relationship managers consolidated portfolio insights, risk analytics, and next-best-action recommendations. • The deployment extends Maybank's broader digital push, including a tokenized ringgit pilot, as the bank leans on technology to support advisors amid recent profit pressure. Read More → Orion Among the First in Wealthtech to Earn ISO 42001, the International AI Management System Standard • Orion has become one of the first wealthtech firms, and the first known portfolio accounting provider, to earn ISO/IEC 42001 certification for its AI management systems following an independent audit. • The certification validates governance controls behind Orion's Denali AI layer at a moment when the firm's own survey shows most advisors still lack advanced AI tools, positioning Orion as a trust leader as adoption accelerates. Knote: I thinkn havbing an AI governance certification process is a fantastic idea. I'm not convinced best practices have been fully established yet, but it's too important to put off. Read More → Product Win: WealthFeed × The Mather Group • The Mather Group, a $17 billion RIA with roughly 100 advisors, has named WealthFeed its exclusive enterprise-wide prospecting platform for surfacing money-in-motion opportunities. • The mandate deepens WealthFeed's penetration into large, acquisitive RIAs and builds on its 2025 minority investment from Broadridge, reinforcing its money-in-motion model at enterprise scale. Knote: This is a solid win for WealthFeed and these sorts of exclusive agreements are not as common as one might think. Read More → Thurston Capital Expands Advisor Technology Ecosystem • Thurston Capital has deepened partnerships with technology providers including Wealth.com, Zocks, Jump, and EPIC to strengthen its advisor ecosystem across resources, engagement, and efficiency. • The expansion reinforces Thurston's hybrid model, pairing Wells Fargo's enterprise desktop technology with independent RIA customization as the firm signals further investment in AI-driven advisor productivity. Read More → MDOTM Raises $27M Growth Equity Round Led by Expedition Growth Capital • MDOTM has closed a $27 million growth round led by Expedition Growth Capital, bringing total funding to $36.5 million to expand its AI-driven Sphere platform internationally. • Sphere already supports more than $100 billion in assets across 60-plus institutions, including Morgan Stanley and Amundi, underscoring investor appetite for AI tools that move portfolio orchestration and client commentary out of spreadsheets. Knote: I was on a panel with Adrianna Colombo from MDOTM in London last spring as we are both on a mission to upgrade the managed portfolio market in the UK. They have the tech to help make it happen. In case you were wondering, the name comes from the fact that the two founders both have the last initial "M". Read More → Acorns Establishes "Kids Advisory Board" to (Reportedly) Help Steal Trump Accounts away from Robinhood • Acorns has named four children to a new "Kid Advisory Board" to guide its Acorns Early product as it competes for Trump Account rollovers that default to Robinhood. • Industry reaction is split, with observers calling the family-finance strategy sound but the board itself a largely symbolic move for a company managing $13.4 billion versus Betterment's $70 billion and Wealthfront's $95 billion. Knote: It's not clear to me that this will help attract Trump Accounts away from Robinhood, but I am all for starting financial education early. If anyone wants a copy of the one and only children's book I ever wrote, "Mia Meets the Interest Fairy," let me know. Read More → LemFi Acquires Wealth8 in the UK • LemFi has received approval to acquire UK investing platform Wealth8, extending the remittance and payments company into wealth management for the first time. • The deal reflects a broader pattern of payments and savings platforms using existing customer relationships as a pipeline into higher-value investing products, with LemFi planning to scale Wealth8 across its 2-million-plus user base. Read More → 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

Objectway, a global WealthTech provider serving banking, wealth, and asset management firms, has agreed to acquire the Swiss private banking technology business of FNZ, known as FNZ Switzerland SA and formerly operating as New Access. The unit will run under the Objectway Switzerland brand and brings more than 160 professionals and over 40 private-bank clients into the group. Vincent Jeunet, who led FNZ's Swiss operations for over five years, will become CEO of Objectway Switzerland. Financial terms were not disclosed. The acquired suite combines portfolio management, client relationship management, and back-office banking systems built for mid-sized to large private banks running cross-border and offshore operations. The deal extends Objectway's core-to-digital platform and adds an operational footprint across Switzerland, Singapore, and Tunisia, while broadening its reach into wealth hubs including Liechtenstein, Luxembourg, Monaco, and the Bahamas. For advisors and private banks, the combination promises a more unified relationship management and digital banking offering, with a fuller client view spanning advisory and operations. The transaction underscores the consolidation reshaping WealthTech platform providers, who are pursuing scale to lower costs and differentiate through technology. As private banks face rising regulatory expectations, legacy constraints, and operational complexity, standardized core-to-digital platforms have become a competitive necessity, prompting providers to combine capabilities. Objectway, which reported roughly $148 million in revenue for fiscal 2025 and serves 250-plus institutions, frames the deal as another step in its pan-European expansion. https://ffnews.com/news/objectway-expands-european-wealthtech-footprint-with-acquisition-of-fnz-switzerland

Barstein, F. (2026, June 29). Why convergence of wealth and retirement is heating up now. Wealth Management. https://www.wealthmanagement.com/rpa-news/why-convergence-of-wealth-and-retirement-is-heating-up-now Creative Planning CEO Peter Mallouk called the convergence of wealth and retirement at the workplace his firm's biggest opportunity over the next couple of years. LPL retirement leader Michael Doshier noted that advisors who also handle retirement plans grow 2.1 times faster than those who focus on retirement plans alone. Edward Jones is investing in a tech-first TPA, Aboon, and expanding its roster of record keepers to include JPMorgan Chase and T. Rowe Price to help small business owners access both wealth and retirement services. A recent NMG Consulting survey found that 70% of retirement plan advisors and aggregators now offer wealth services, though Captrust maintains a 10-year head start in the space. Creative Planning's acquisitions of Lockton's retirement division, with over $100 billion in assets, and Sageview, with $285 billion, have drawn competitor attention alongside Hightower's purchase of NEPC, Cerity's acquisition of Veras, and Mariner's purchase of Andco. Wealth assets total $74 trillion, more than five times the size of defined contribution assets, giving wealth management revenue opportunities that can be up to 40 times greater than retirement plan fees. Morgan Stanley captured $300 billion in wealth from the workplace between 2020 and 2025, and Edelman Financial Engines is revisiting workplace opportunities under new CEO Ralph Haberli.

FactSet. (2026, June 29). FactSet expands wealth management workflow AI capabilities through partnership with TIFIN.AI. FactSet. https://investor.factset.com/news-releases/news-release-details/factset-expands-wealth-management-workflow-ai-capabilities FactSet announced a partnership with TIFIN.AI to accelerate the delivery of next-generation, AI-powered workflows for wealth management firms. FactSet has made a strategic investment in TIFIN.AI to reinforce the long-term collaboration and support broader adoption of AI-powered advisor workflows. The initial offering includes a Meeting Prep Agent that generates client-ready summaries, action items, portfolio insights, and personalized talking points in minutes. The offering also includes a Book Intelligence Agent that surfaces actionable insights across an advisor's book of business to identify opportunities and prioritize outreach. The solutions combine FactSet's institutional-grade market data and analytics with TIFIN.AI's agentic workflow technology and embed directly into existing advisor workflows. TIFIN.AI's engine operates entirely within FactSet's infrastructure, ensuring client portfolio data remains inside FactSet's environment. The solution uses FactSet's domain-specific answers engine and auditable workflows to provide traceability and mitigate the hallucination risks associated with generic large language models.