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WEALTHTECH SAFARI A Guided Tour of WealthTech News Week of June 5, 2026 DBS to Open 18 Wealth Centers Across Asia as Affluent Demand Grows DBS will open 18 new wealth centers across Asia to capture rising affluent demand. Signals intensifying competition for Asia's expanding high-net-worth client base. Read More: WealthTech Strategy Partners Blog FMG: AI-Based Marketing Intelligence System Launched To Better Serve 80,000+ Advisors And Insurance Professionals FMG launched an AI-based marketing intelligence system serving over 80,000 advisors and insurance professionals. Advances AI-driven personalization in advisor marketing technology. Read More: WealthTech Strategy Partners Blog Antler India Leads Pre-Seed Funding for Global WealthTech Startup Rovia Antler India led a pre-seed funding round for global WealthTech startup Rovia. Highlights growing early-stage investor appetite for cross-border WealthTech. Read More: WealthTech Strategy Partners Blog WealthTech Strategy Partners Welcomes Former T. Rowe Price Executive Steve Larson as Senior Advisor WealthTech Strategy Partners appointed former T. Rowe Price executive Steve Larson as senior advisor. Strengthens the firm's strategic advisory depth with seasoned industry leadership. Read More: WealthTech Strategy Partners Blog Your Regulator Isn't the SEC. Your Risk Is Bigger Than You Think. The article argues advisors face regulatory risks extending well beyond the SEC. Reframes compliance strategy around broader, often-overlooked oversight exposure. Read More: WealthTech Strategy Partners Blog Robinhood launches forgivable loans for RIAs, preps wider referral rollout Robinhood launched forgivable loans for RIAs while preparing a wider referral rollout. Escalates Robinhood's aggressive push into the independent advisor market. Read More: WealthTech Strategy Partners Blog Epiris Acquires Winterflood Business Services in UK Wealth Infrastructure Carve-Out Epiris acquired Winterflood Business Services in a UK wealth infrastructure carve-out. Reshapes ownership of critical UK wealth back-office infrastructure. Read More: WealthTech Strategy Partners Blog Schwab elicits strong RIA reactions about planned wealth office expansion into local communities Schwab's planned wealth office expansion into local communities drew strong reactions from RIAs. Raises channel-conflict tensions between custodians and independent advisors. Read More: WealthTech Strategy Partners Blog Larry Roth joins JIFFY AI advisory board as wealth tech race heats up Larry Roth joined JIFFY AI's advisory board as the wealth tech race intensifies. Lends industry credibility to JIFFY AI amid heightened competition. Read More: WealthTech Strategy Partners Blog Robinhood, TradePMR Launch RIA Referral Program Robinhood and TradePMR launched a joint RIA referral program. Deepens Robinhood's distribution reach into the RIA channel. Read More: WealthTech Strategy Partners Blog AlphaSense Raises $350M at $7.5B Valuation to Expand AI Market Intelligence Platform AlphaSense raised $350M at a $7.5B valuation to expand its AI market intelligence platform. Reinforces strong investor conviction in AI-powered financial research. 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 WealthTech Safari

AlphaSense, an AI-powered market intelligence platform, has raised $350 million in a funding round led by Vitruvian Partners, Accenture Ventures, and J.P. Morgan Asset Management. The investment values the New York-based company at $7.5 billion, up sharply from the $4 billion valuation set during its $650 million round in 2024, and brings total funding past $1 billion. Existing backers including CapitalG, Goldman Sachs Alternatives, and Viking Global Investors joined the round, alongside new shareholders D. E. Shaw Ventures and Pinegrove Opportunity Partners. Sophie Bower-Straziota of Vitruvian Partners has joined the board. The company serves more than 7,000 enterprises worldwide, including Adobe, Amazon, Nvidia, and Pfizer. Its platform applies AI to a content library of more than 500 million business documents, spanning equity research, earnings calls, and regulatory filings, to surface insights for financial services and consulting users. Alongside the raise, AlphaSense launched SuperAnalyst, an AI agent built to autonomously run complex financial and strategic workflows. The capital is earmarked for platform enhancement, content library growth, international expansion, and customer support infrastructure. For wealth managers, advisors, and platforms, the news illustrates a high-value use of AI. The strongest deployments involve massive, unstructured data sets where nuance and inference matter, exactly the territory AlphaSense occupies, rather than regulated activities such as direct investment advice. As firms weigh where AI delivers real returns, research, content synthesis, and analyst support stand out as clear wins. https://www.fintechfutures.com/venture-capital-funding/alphasense-bags-350m-funding-round

Ortolani, A. (2026, June 3). Robinhood, TradePMR launch RIA referral program. Wealth Management. https://www.wealthmanagement.com/ria-news/robinhood-and-custodian-tradepmr-launch-ria-referral-program Robinhood and TradePMR's financial advisor referral network has gone live with a select group of registered investment advisors and clients, announced at the firm's Synergy26 conference in Washington, D.C. The Robinhood Advisor Network began as a pilot in March and was refined with approximately 17 advisory firms following Robinhood's acquisition of TradePMR at the end of 2024. The program is available to RIA firms with at least $500 million in assets and a TradePMR relationship, while clients access it through a phone app that lets them browse advisory firms by swiping. The network targets customers with $250,000 in assets, though operational efficiencies are expected to make lower-balance relationships profitable for advisors over time. TradePMR extended its contract with custody and clearing partner Wells Fargo through 2032, allowing RIAs to remain with Wells Fargo or move clients to Robinhood. The company introduced Robinhood Cortex for Advisors, an AI tool built into TradePMR's Fusion platform that provides no-cost AI-generated summaries of client portfolios, including holdings, performance, and tax insights. TradePMR has filed with FINRA to give RIAs and their clients access to Robinhood Ventures funds and IPOs, subject to regulatory approval.

Almazora, L. (2026, June 3). Larry Roth joins JIFFY AI advisory board as wealth tech race heats up. InvestmentNews. https://www.investmentnews.com/fintech/larry-roth-joins-jiffy-ai-advisory-board-as-wealth-tech-race-heats-up/266852 Larry Roth, a veteran independent broker-dealer executive, has joined the advisory board of Milpitas, California-based artificial intelligence company JIFFY AI, which focuses on wealth management technology. Roth brings over three decades of leadership experience, including roles as chief executive of Advisor Group from 2006 to 2013 and Cetera Financial Group from 2014 to 2016. Roth's operational record includes guiding Advisor Group through the 2008 financial crisis amid parent company AIG's instability and steering Cetera through the Chapter 11 restructuring of parent RCS Capital Corp. He currently serves as founder and CEO of consulting firm Ascentix Partners, formerly RLR Strategic Partners, advising wealth management firms, fintech companies, and investors on growth and mergers and acquisitions. Roth contends that competitive advantage in wealth management will increasingly stem from industry-specific AI capabilities rather than generic technology built for general workflows. JIFFY AI launched its AI Advisor Companion in March at the T3 Technology Conference, a tool that prepares advisors for meetings, automates note-taking, and generates compliance-ready documentation while claiming up to 40 percent efficiency gains. JIFFY AI's existing client base includes Cetera Financial Group, Roth's former network, which partnered with the company in 2022 to expand its automation capabilities.

Breen, O. (2026, June 3). Schwab elicits strong RIA reactions about planned wealth office expansion into local communities with many advisors saying 'bring it on' but smaller RIAs could find out they're 'building on rented land,' analyst says. RIABiz. https://riabiz.com/a/2026/6/3/schwab-elicits-strong-ria-reactions-about-planned-wealth-office-expansion-into-local-communities-with-many-advisors-saying-bring-it-on-but-smaller-rias-could-find-out-theyre-building-on-rented-land-analyst-says Schwab is expanding its Wealth Advisory network with 30 new local community offices, creating a potential source of direct competition for independent advisory firms. Smaller advisory firms that historically relied on Schwab’s referral network for client acquisition face significant growth challenges as the custodian shifts to keeping more assets in-house. Industry analysts describe reliance on custodial referral programs as "building on rented land," suggesting that smaller firms are increasingly vulnerable to Schwab's internal profit strategies. The expansion complicates the dynamic between custodians and advisors, as Schwab’s shift toward centralizing its wealth management incentives creates clear conflicts of interest. While some large firms claim to be unaffected, smaller RIAs may struggle to maintain their independent status while operating within constraints shaped by a primary custodial partner. Schwab has increased the asset threshold for its client referral program to $2 million, effectively diverting prospective leads away from smaller independent RIAs toward its internal wealth management solutions. The competitive landscape is evolving as Schwab scales its direct wealth business, which may result in a permanent reduction of new client leads previously available to independent advisors.

UK private equity firm Epiris has acquired Winterflood Business Services (WBS) from Marex Group plc, establishing the trading and custody specialist as a standalone, technology-led financial infrastructure business. GP Bullhound acted as financial advisor to Epiris on the transaction, which completed on June 1, 2026. Terms were not disclosed. Founded within Winterflood Securities in 2010, WBS provides execution, custody, and reporting to UK wealth and retail investment platforms through its proprietary EOS technology platform, with clients including Fidelity, Transact, and Vanguard. The business administers more than $23 billion in assets across institutional wealth managers, retail platforms, and brokerage firms. The deal was structured alongside Marex's purchase of Winterflood Securities from Close Brothers; Marex retains the Winterflood market-making, corporate broking activities, and brand, while WBS becomes a dedicated wealth infrastructure platform under Epiris Fund III. The carve-out positions WBS to deepen its product offering and expand beyond its current UK client base, supported by structural tailwinds including the shift from mutual funds toward exchange-traded products and growing demand to outsource trading and custody. Alex Kerry will remain Chief Executive Officer alongside the existing management team. For advisors and platforms, the transaction signals continued investor appetite for the operational plumbing that underpins modern wealth management. https://www.gpbullhound.com/articles/gp-bullhound-advised-epiris-on-its-acquisition-of-winterflood-business-services/

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.