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/

Donachie, P. (2026, May 22). AI Creates Further Risk in the 'Wild West' of Finfluencers. WealthManagement.com. https://www.wealthmanagement.com/regulation-compliance/finra-warns-finfluencers-pose-growing-risk-to-investors The Financial Industry Regulatory Authority identifies financial influencers, or finfluencers, as a significant emerging threat to retail investor protection. Regulatory authorities are concerned that social media personalities often promote complex financial products without disclosing their compensation or underlying conflicts of interest. FINRA's 2025 Annual Oversight and Adversary Report highlights a sharp increase in aggressive marketing tactics that target younger and less experienced investors. The report notes that many finfluencers lack the professional licensing required to provide specific investment advice or recommendations to the public. Broker-dealers are being reminded of their responsibility to supervise any third-party communications that are conducted on their behalf by social media partners. The rise of digital engagement practices has prompted regulators to increase scrutiny on how gamification and social proof influence high-risk trading behavior. FINRA plans to enhance its surveillance and enforcement actions to address fraudulent schemes and misinformation spread through popular social media platforms.

WEALTHTECH SAFARI A Guided Tour of WealthTech News Week of May 22, 2026 SEC opens the door for mutual funds and ETFs to invest in private assets • The SEC Staff issued a transformative no-action letter on April 27, 2026, expanding exempt relief for private asset transactions—previously limited to closed-end funds—to now include open-end mutual funds and ETFs, reversing historical prohibitions under the Investment Company Act of 1940. • While open-end funds must still cap illiquid investments at 15% of total assets, this regulatory shift materially broadens retail investor access to alternative strategies and accelerates the convergence of public and private markets within mainstream investment vehicles. Knote: Mutual Funds and ETFs will still be limited to only 15% in illiquid assets, but it plays along the same theme of the SEC softening its stance on private investments, presumably because they see some value there, or at least utility -- a key driver of the Alts2Wealth thesis. Read More → Farther raises $150 million Series D, achieves unicorn status • Farther, a New York-based AI-native wealth management platform founded in 2019, raised $150 million in a Series D round led by General Atlantic, surpassing $23 billion in recruited assets and tripling its year-over-year growth since Q1 2025. • The round validates the thesis that tech-native, integrated platforms are pulling growth-minded advisors away from legacy institutions—and the 3x industry organic growth rate signals this isn’t just a niche trend but a structural shift in how advisory practices are built. Knote: If there are any RIA aggregators or PE firms not yet convinced about the value of technology in their thesis, look no further than Farther. 3x the industry organic growth rate. Read More → Moment secures $78 million Series C to scale AI operating system for investment management • Moment, founded by former Citadel Securities quants and traders, raised $78 million in a Series C led by Index Ventures with participation from Andreessen Horowitz, bringing total funding to $134 million—less than 10 months after its Series B. • The platform now powers firms managing over $10 trillion in client assets—including Edward Jones, LPL Financial, and Hightower—demonstrating that regulatory-grade AI agents for portfolio construction, compliance, and execution have moved well past the proof-of-concept stage. MMnote: Scaling from $300 billion to $10 trillion in client assets in just 18 months is absolutely wild. It is a clear sign that the industry is finally moving past the experimental chatbot phase and into serious, infrastructure-level automation. Read More → Bunch raises $35 million Series B to modernize private fund operations in Europe • bunch, a private market fund operations platform founded in 2021, secured $35 million in a Series B led by Portage with participation from Illuminate Financial and existing investors Motive Partners, Cherry Ventures, and Fintech Collective to expand its AI capabilities across Europe. • As ELTIF 2.0 opens European private wealth channels to alternative assets, the operational burden on fund managers is surging—and bunch’s automated onboarding, capital calls, and tax reporting infrastructure positions it to capture the plumbing layer of this structural shift. MMnote: ELTIF 2.0 is essentially the European equivalent to what we see in the US come out as interval funds and non-traded BDCs. The Alts2Wealth craze is not specific to the U.S. and some would argue that it's even moving faster in Europe. Read More → NEXT Investors backs Transient.AI in Series A to advance AI in regulated capital markets • NEXT Investors, a New York-based PE firm specializing in capital markets infrastructure, made a Series A investment in Transient.AI—the platform’s first institutional capital—to accelerate deployment of its AI operating system across front, middle, and back office trading operations at regulated financial institutions. • The platform’s emphasis on compliance-first AI—continuously scanning trading activity for anomalies and suspicious patterns—addresses a critical gap where institutional adoption of AI has been slowest due to regulatory complexity. Knote: I’m hoping they are leaving the AI to what AI does well and not the things that it does not do well (like doing the same thing the same way each time...for example, trade clearing and settlement). I love the idea of AI trade surveillance, though. Read More → Greenboard raises $20 million to make AI-native compliance accessible across financial firms • Greenboard, an AI-native securities compliance platform founded in 2023, secured $20 million in total funding including a $15.5 million Series A led by Base10 Partners, and now serves more than 500 firms with automated communications archiving, marketing reviews, and employee compliance workflows. • The launch of GreenboardGo—a conversational AI layer grounded in a firm’s own compliance books and records—signals a shift from compliance as a siloed cost center to compliance as a distributed, enterprise-wide capability, with early adopters reporting 60% reductions in onboarding time. CEnote: Compliance-related expenses are usually looked at as just that: expenses. It’s important though, and nobody talks about the potentially most impactful aspect of AI on wealth management: compliance. Read More → Envestnet and Orion deepen open-architecture integrations as TAMP competition heats up • Orion introduced an upgraded integration with Flourish that links held-away client cash account data directly into its reporting and planning workflows, while Envestnet announced a new partnership with fast-growing RIA firm Osaic to consolidate asset management onto a single platform. • These parallel moves reflect a broader structural trend in which TAMPs are competing less on proprietary product shelves and more on the depth and openness of their technology ecosystems—a shift that ultimately benefits advisors seeking unified, platform-based portfolio management. 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

The Daily Upside. (2026, May 21). Envestnet, Orion partnerships add new advisor tools to competing TAMPs. The Daily Upside. https://www.thedailyupside.com/advisor/wealthtech/envestnet-orion-partnerships-add-new-advisor-tools-to-competing-tamps/ Established TAMPs are actively building interconnected technology ecosystems to provide financial planning professionals with better tools. Orion recently introduced an upgraded integration with Flourish that allows eligible client cash account data to be linked directly into its reporting and planning workflows. This inclusion of held-away cash assets enables advisors to have deeper, more comprehensive planning conversations regarding cash-flow management and excess cash. Concurrently, Envestnet announced a new partnership with the rapidly growing registered investment advisory firm Osaic to consolidate asset management onto a single platform. The Envestnet and Osaic collaboration is intended to help advisors manage client portfolios more efficiently while simultaneously growing their platform assets. Industry executives note that these partnerships reflect a larger structural trend toward unified, platform-based asset management and open-architecture software. Ultimately, these technological integrations and shifts away from proprietary, walled-off data systems are designed to enhance the overall wealth management experience for both advisors and clients.

Graber, S., Nowakowski, J. J., Edwards, A. L., & O'Brien, J. J. (2026, May 19). SEC Staff Permits Mutual Fund and ETF Joint Transactions. Morgan Lewis. https://www.morganlewis.com/pubs/2026/05/sec-staff-permits-mutual-fund-and-etf-joint-transactions The SEC Staff issued a transformative no-action letter on April 27, 2026, that expands exempt relief for closed-end fund private asset transactions to now include open-end mutual funds and ETFs. This regulatory relief reverses historical prohibitions under the Investment Company Act of 1940. By broadening the exemption, this action provides retail investors in Mutual Funds and ETFs with some access to alternative investment strategies previously restricted to closed-end funds. Fund governance is modernized by allowing a designated committee of at least three disinterested directors to authorize such transactions, rather than requiring approval from the full board. Despite this expanded flexibility, open-end funds must still strictly adhere to existing liquidity mandates, including the rule limiting illiquid investments to a maximum of 15% of total assets. Moving forward, advisers filing new exemptive applications or amendments after May 4, 2026, must explicitly name any open-end funds intending to rely on the regulatory order. Knote: Mutual Funds and ETFs will still be limited to only 15% in illiquid assets, but it plays along the same theme of the SEC softening its stance on private investments, presumably because they see some value there, or at least utility -- a key driver of the Alts2Wealth thesis.