New York-based financial technology company Moment announced it has raised $78 million in a Series C funding round. The round was led by Index Ventures, with additional participation from Andreessen Horowitz, Avra, and other existing investors. This latest capital injection comes less than 10 months after the company secured its $36 million Series B round, bringing its total funding to $134 million. Moment provides an AI-powered operating system designed specifically for investment management infrastructure. Founded by former quants and traders from Citadel Securities, the platform replaces fragmented point solutions by unifying trading, portfolio management, and compliance into a single system. Its capabilities include specialized AI agents that handle portfolio construction from natural language, multi-asset portfolio optimization, real-time compliance surveillance, and automated order execution. This development highlights a major shift as major wealth management firms rapidly adopt artificial intelligence infrastructure to scale personalized services. Moment currently powers platforms for major institutions including Edward Jones, LPL Financial, and Hightower Advisors, collectively supporting firms that manage more than $10 trillion in client assets. For the broader wealth management industry, the platform demonstrates how secure, regulatory-grade AI agents can eliminate hours of manual labor and deliver custom client proposals in seconds. 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. Link to Press Release

The private market fund operations platform bunch has secured $35 million in a Series B funding round to accelerate its commercial growth and expand its artificial intelligence capabilities across Europe. Portage led the investment round, which also included participation from Illuminate Financial along with existing investors Motive Partners, Cherry Ventures, and Fintech Collective. Founded in 2021, the company provides an integrated digital operating layer that replaces legacy, spreadsheet-based fund administration processes for private equity and venture capital managers. This technology directly addresses the growing industry surge in alternatives to wealth initiatives , where alternative asset managers seek new pools of capital as traditional institutional demand becomes tapped out. By ingesting unstructured documentation and structuring key data, the platform helps reduce the transparency, research, and onboarding friction that typically persists when wealth management platforms adopt alternative investments. The platform helps financial firms manage the entire fund lifecycle by automating digital investor onboarding, capital calls, fund accounting, and tax reporting. As alternative assets grow, structures like ELTIF 2.0 are expanding private wealth access to these complex vehicles. This influx of capital places significant operational pressure on wealth managers who must serve more investors while delivering rigorous reporting. Modernizing financial infrastructure through automated systems allows platforms and advisory firms to scale their alternative investment processes consistently without relying on outdated manual workflows. 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. Link to Article

Farther announced it has raised $150 million in a Series D funding round led by General Atlantic, with participation from existing investors. The new capital injection officially establishes the wealth management firm as a unicorn company. Founded in 2019, the New York-based financial technology firm has experienced rapid momentum, surpassing $23 billion in recruited assets and tripling its year-over-year growth since the first quarter of 2025. The company operates an all-in-one ecosystem known as the Intelligent Wealth Platform, which is built from the ground up with artificial intelligence at its core. This modern solution serves a diverse client base ranging from high-earning individuals and small businesses to ultra-high-net-worth families through its dedicated family office infrastructure. The platform replaces fragmented legacy systems by delivering dynamic asset location, enhanced execution, high-quality data, risk management, personalized insights, and direct access to private markets. This funding allows the firm to continue scaling its platform capabilities and expanding its innovative tools to better support modern wealth managers. As the wealth management sector undergoes a structural shift, growth-minded advisors are increasingly seeking integrated, tech-native alternatives to traditional institutions that rely on outdated infrastructure. By eliminating operational complexities, the platform enables advisors to operate more efficiently and focus more time on serving their clients. 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.

NEXT Investors, a private equity firm based in New York, has announced a Series A investment in Transient.AI, an artificial intelligence platform built for institutional trading environments. Founded over 25 years ago, NEXT Investors specializes in financing critical capital markets infrastructure. This strategic partnership represents the first institutional capital for Transient.AI and aims to accelerate the platform's deployment within highly regulated financial institutions. Transient.AI provides an artificial intelligence operating system designed to streamline institutional trading workflows across front, middle, and back office operations. The platform integrates fragmented data into a unified interface accessible via desktop and mobile devices. While functioning as a comprehensive operating system, compliance seems to serve as a primary pillar of the technology by continuously scanning trading activity to detect anomalies or suspicious patterns. The capital injection will fund global expansion efforts as Transient.AI leverages institutional relationships across the Americas, Europe, the Middle East, Africa, and the Asia-Pacific region. Chief executive officer Sreej Menon noted that the collaboration strengthens the firm's capacity to scale responsibly in complex financial domains. Founding partner Greg Grimaldi highlighted that the platform addresses a major industry challenge by deploying artificial intelligence safely and at scale. 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. Link to Article

AI-native securities compliance platform Greenboard announced it has secured $20 million in total funding, including a previously undisclosed $15.5 million Series A round led by Base10 Partners. Founded in 2023 by Dave Feldman and Ed Schembor, the company provides a unified technology system that replaces outdated, fragmented compliance tools across financial institutions. The platform currently serves more than 500 firms, automating key workflows such as communications archiving, marketing reviews, and employee compliance. In tandem with the funding announcement, Greenboard unveiled GreenboardGo, a conversational artificial intelligence layer built directly on top of a firm's compliance books and records. Unlike generic models, this system provides answers grounded in an organization's specific policies and automatically prepares tasks for human review. This architecture aims to distribute compliance support across the entire enterprise, turning regulatory adherence into a shared responsibility rather than a localized operational bottleneck. This technological shift matters for wealth management firms facing expanding workloads and increased regulatory scrutiny. Wealth managers like Root Financial and JMG Financial Group have reported significant time savings, with the latter reducing onboarding time by 60 percent. The company intends to utilize the newly acquired capital to expand its country coverage, simplify integration and deployment processes, and build out its product, engineering, and go-to-market teams. 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. Source Links: https://www.businesswire.com/news/home/20260512170224/en/Greenboard-Raises-%2420M-to-Make-Everyone-a-Compliance-Champion https://ventureburn.com/greenboard-raises-20m-to-simplify-compliance/

WEALTHTECH SAFARI A Guided Tour of WealthTech News Week of May 15, 2026 Acuity Trading Invests in MarketReader to Build a More Complete Al Market Intelligence Offering • Acuity Trading has completed a strategic growth investment in MarketReader to integrate real-time market movement attribution into its financial intelligence ecosystem. • This partnership enables advisors to provide more defensible market analysis by combining alternative data with explainable AI that identifies specific market drivers. MMnote: To me, this is a great use of Al, although I'm sure these agents are expensive. They are constantly running to determine why stocks are moving a certain direction. Read More → Marloo Raises $10M to Evolve Beyond Transcription and into a Comprehensive Advisory Partner • Marloo secured $10 million in seed funding to transition from a meeting notetaker into an AI partner that automates complex document creation and administrative tasks. • The shift allows wealth management firms to scale operations and manage larger books of business without increasing headcount by streamlining manual workflows. Read More → Bullish to Acquire Equinity for $4.2 Billion to Drive Tokenized Securities Adoption • Digital asset exchange Bullish is acquiring traditional transfer agent Equiniti for $4.2 billion to establish a global infrastructure for tokenized securities. • This acquisition accelerates the availability of digital investment products by bridging the gap between traditional capital markets and blockchain-based systems. Read More → Wealth.com raises $65 million to scale AI-driven estate and tax planning • Franklin Templeton has collaborated with digital platform Corastone to launch multi-asset private market model portfolios providing diversified exposure to private equity, credit, real estate, and infrastructure. • This partnership utilizes distributed ledger technology for monthly rebalancing, offering an SMA-style structure that simplifies advisor access to multiple private asset classes through a single subscription. Read More → Centricity Seeks $30M in Funding • Indian wealthtech startup Centricity is in negotiations to secure approximately $30 million in a new funding round led by MUFG and SIG, potentially doubling its valuation to $250 million. • The capital injection will be used to advance technology and scale Centricity's digital infrastructure and portfolio management tools for financial advisors and private wealth management. Read More → Orion Recruits AssetMark’s Yi-Ching Wu to Lead Wealth Platform Integration • Orion has hired former AssetMark executive Yi-Ching Wu as Executive Vice President of Wealth Management Product and Platform to oversee the integration of its tech and investment businesses • This strategic hire aims to unify Orion's $5.9 trillion in administered assets with its TAMP to provide advisors a simplified "one-stop shop" for technology and investment management. Read More → Wells Fargo Launches 'Advisor Gateway' AI Platform • Wells Fargo introduced Advisor Gateway, a unified desktop platform that integrates applications and AI-powered tools like BlackRock’s Aladdin Wealth to streamline financial advisor workflows. • By automating administrative tasks and synthesizing portfolio risk data through generative AI, the platform enables advisors to deliver more personalized and proactive client communication. Read More → Trouble in Alts Paradise as Anthropic declares Tokenized Shares Invalid • Anthropic issued a warning that unauthorized transfers of its private shares via tokenized products or secondary marketplaces are void and carry no legal value. • The move caused tokenized share prices to plunge by nearly 50% on certain platforms, highlighting significant regulatory and transfer restriction risks inherent in pooling retail capital for private equity. MMnote: It's not that the tokenization technology is not ready yet, rather, that anthropic has share transfer restrictions that don't allow them to be re-sold. Read More → New BlackRock and RedBlack Technologies Target Alt Gaps • BlackRock and RedBlack launched technology integrations to enhance data analytics and trading workflows from alternative investments, including private credit benchmarks and direct CAIS integration. • These updates address critical infrastructure gaps by allowing advisors to trade and monitor alternatives within existing rebalancing engines, making private funds feel like a standard part of 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

Southall, B. (2026, May 13). Orion headhunts Yi-Ching Wu from AssetMark -- its second attempt in 14 months to fill a crucial role -- 'to put a phone book onto a postage stamp' and weave together its tech and investment businesses. RIABiz. https://riabiz.com/a/2026/5/14/orion-headhunts-yi-ching-wu-from-assetmark-its-second-attempt-in-14-months-to-fill-a-crucial-role-to-put-a-phone-book-onto-a-postage-stamp-and-weave-together-its-tech-and-investment-businesses Orion has hired Yi-Ching Wu, a former AssetMark and Schwab executive, as the new Executive Vice President of Wealth Management Product and Platform. The hire represents Orion's second attempt in 14 months to fill this critical leadership position following the departure of Michael Mandelos. Wu is tasked with integrating Orion’s $5.9 trillion in administered assets with its $185 billion turnkey asset management program (TAMP). This strategic move aims to simplify complex investment data into an intuitive interface for Registered Investment Advisors. The leadership team at Orion now features several former AssetMark executives, including CEO Natalie Wolfsen and Chairman Charles Goldman. Orion seeks to capitalize on a growing demand among advisors for "one-stop shopping" that combines technology infrastructure with outsourced investment management. The firm is making significant investments in AI-native workflows and research to further unify its wealth management capabilities throughout 2026.

Acuity Trading recently announced a strategic growth investment in MarketReader to enhance its financial intelligence ecosystem. Acuity Trading provides market and trade intelligence solutions for global brokers and financial institutions while MarketReader specializes in explaining real time market price movements. The partnership combines the alternative data capabilities and global distribution of Acuity Trading with the specialist market move attribution technology developed by MarketReader. The investment reflects a broader industry focus on the best and worst uses of artificial intelligence. Effective applications of this technology involve cleaning massive unstructured data sets to provide nuances and inference for client engagement. MarketReader uses a rules based framework and controlled workflows to identify abnormal price movements and connect them with relevant macro and sentiment data. This approach provides consistent and explainable outputs which are critical for professional environments where transparency and human oversight are required. MarketReader serves institutional investment teams and wealth firms by answering why specific market moves occur. This capability helps professional market participants move beyond simple headlines toward clearer market context and faster explanations of activity. The investment supports closer commercial alignment between the two companies as they build a stronger workflow for users to identify and validate market drivers. By adding an explanation layer to its suite of intelligence solutions Acuity Trading helps advisors and platforms provide more defensible market analysis to their end users. MMnote: To me, this is a great use of AI, although I’m sure these agents are expensive. They are constantly running to determine why stocks are moving a certain direction. Original Article Here

Inabinet, J., & Sun, Y. (2026, May 13). Anthropic slams tokenized equity instruments, tanks onchain pre-IPO share prices. Yahoo Finance / Bloomberg. https://finance.yahoo.com/news/anthropic-slams-tokenized-equity-instruments-190547070.html Anthropic has officially warned investors that any unauthorized transfers of its private shares through tokenized products or secondary marketplaces are void and carry no legal value. The company updated its investor warning to explicitly name eight secondary platforms, including Hiive and Forge Global, as unauthorized sellers operating in violation of share transfer restrictions. This regulatory crackdown caused tokenized Anthropic shares on the PreStocks platform to plunge by nearly 50% as the market reacted to the risk of invalid share certificates. While crypto-linked tokens saw significant volatility, other synthetic exposure markets and perpetual futures on platforms like Hyperliquid experienced more rapid recoveries. Several named platforms, such as Forge and Hiive, have contested Anthropic's claims by stating that they strictly facilitate transfers only with explicit issuer approval. Anthropic maintains a particularly stringent stance against the use of Special Purpose Vehicles (SPVs), which are common tools used to pool retail capital for private equity access. The company advised the public to remain vigilant against fraudulent offers and specifically cautioned against any secondary market solicitations requiring cryptocurrency payments. MMnote: It's not that the tokenization technology is not ready yet, rather, that anthropic has share transfer restrictions that don't allow them to be re-sold. That being said, these SPV's have not gone immediately to zero. The market is still valuing the SPV's even though Anthropic disclosed that these shares carry "no value".

Misonzhnik, E. (2026, May 11). Franklin Templeton Launches New Private Markets Models with Corastone. Wealth Management. https://www.wealthmanagement.com/alternative-investments/franklin-templeton-corastone-team-up-on-private-market-models Franklin Templeton has collaborated with digital platform Corastone to launch multi-asset private market model portfolios. These models provide investors with diversified exposure to private equity, private credit, private real estate, and private infrastructure. The private equity component of the portfolios specifically incorporates access to venture and growth equity strategies. Corastone utilizes Distributed Ledger Technology to facilitate monthly rebalancing, a frequency that exceeds the traditional quarterly industry standard. The partnership offers an SMA-style structure that allows advisors to access multiple private asset classes through a single subscription. Franklin Templeton Investment Solutions is responsible for the daily management and oversight of these new model portfolios. This initiative follows the firm's broader expansion into private markets, including previous model launches on the CAIS Models Marketplace.

Marloo has announced a significant shift in its product strategy to move beyond its origins as a meeting notetaker for financial advisers. The company is repositioning itself as a broader artificial intelligence partner that integrates deeply into the adviser workflow by automating document creation and administrative tasks. This transition aims to address the growing demand for efficiency within wealth management firms that need to scale their operations while maintaining high service standards for clients. To support this evolution, Marloo recently secured $10 million in seed funding led by Blackbird Ventures, with participation from Icehouse Ventures. This latest round brings the company's total funding to $12.7 million within its first year of operation. The capital will be used to accelerate product development, expand the company’s presence in the UK and Australia, and support its upcoming entry into the US market. The updated platform focuses on assisting wealth managers by capturing essential meeting data and transforming it into actionable business intelligence. By automating the production of complex documents and streamlining follow-up processes, the solution helps professionals reduce the time spent on manual data entry. These enhancements are designed to meet the technical needs of the modern wealth management industry as firms look for ways to leverage automation for sustainable growth and manage larger books of business without increasing headcount. https://www.marloo.com/us/blog/beyond-the-notetaker

Bullish To Acquire Equiniti For $4.2 Billion To Drive Tokenized Securities Adoption Bullish, a regulated digital asset exchange, has entered into an agreement to acquire Equiniti from Siris Capital Group in a transaction valued at $4.2 billion. This strategic move unites a high growth digital finance platform with a leading provider of shareholder and transfer agency services. Equiniti currently supports approximately 70 percent of the companies listed on the FTSE 100 and manages millions of investor records across the United Kingdom and United States. The primary objective of the acquisition is to establish a global transfer agent for tokenized securities. By leveraging the technological capabilities of Bullish alongside the regulatory and operational scale of Equiniti, the combined entity plans to modernize capital market infrastructure. This integration is expected to facilitate the transition of traditional financial assets onto blockchain based systems while providing the necessary compliance and security for institutional participants. For WealthTech providers and wealth managers, this acquisition signals an acceleration in the availability of tokenized investment products. It addresses a critical infrastructure gap by providing a regulated pathway for the issuance and management of digital securities. As firms look to streamline operations and expand asset access, this deal provides a robust framework for integrating digital asset technology into the existing wealth management ecosystem. https://www.bullish.com/us/news-insights/bullish-to-acquire-equiniti-from-siris-in-4-2-billion-transaction-creating-the-global-transfer-agent-for-tokenized-securities MMnote: Equiniti may not be the full alts2wealth infrastructure that we need but being the transfer agent of tokenized assets is going to seriously commoditize access to alternative investments.