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Your weekly guide to interesting happenings in WealthTech globally. In this issue, commentary on the following: BondWave CEO Explores Tech Trends Shaping The Fixed Income Space Artificial Intelligence in Wealth Management: Opportunities, Risks, and the Path Forward Inside the 2026 T3 Conference and AI University Fourth Annual CAIS Mercer Survey Shows Alts Moving From Niche to Norm With Half of Advisors Now Allocating 10%+ to Alts IncomeConductor Aims to Boost Annuity Modeling with Updates Revolut to Recruit Team to Expand Wealth Management Services Q4 2025 US Evergreen Fund Landscape Preview InvestiFi joins ICBA ThinkTECH to expand Investing from Checking Introducing the Future View Toolkit 2025 Wealthfront Goes Public With 2.1 Billion Valuation Sequoia Financial Group Hired Arch to Automate Alts Data and Its ‘Pain’ Testimonial Led to a 1099 Integration with Schwab Advisor Services for Mutual Clients SEC 2026 Exam Priorities and Considerations FINNY Raises $17M Series A to Scale AI Prospecting for Advisors U.S. Retirement Markets 2025 (Cerulli) Advisor360° Launches Industry’s First AI-Native Advisory Experience for Firms of Every Size, Model and Stage Link to content:

Powerup Money recently closed a $12 million funding round led by Peak XV Partners to scale its digital wealth management operations in India. The company focuses on providing a technology-driven investment experience for retail investors and the mass affluent segment. This capital injection marks a significant milestone as the firm seeks to broaden its reach in one of the world's fastest-growing financial markets. The platform leverages sophisticated algorithms and a user-centric interface to streamline the investment process for individuals who have traditionally lacked access to high-quality advisory services. By automating portfolio construction and management, Powerup Money aims to lower the barrier to entry for professional wealth management. The startup intends to utilize the new funds to enhance its product suite and invest in proprietary technology. This development highlights the increasing interest from venture capital firms in the Indian fintech landscape, particularly in the wealth management vertical. As digital adoption continues to rise, platforms like Powerup Money are positioned to play a critical role for advisors and integrators looking for scalable solutions. The funding will also support hiring efforts as the company expands its engineering and customer success teams. Knote: If I were younger, I would be in India right now starting a direct-to-consumer savings and investment business. VC money is piling in and rightfully so, in our opinion. With the rapid growth of the mass affluent class in India far outstripping the human advice resources, WealthTech platforms are poised for rapid growth, almost whether they like it or not.

We believe that while the Great Wealth Transfer is widely discussed, it is too often misunderstood. While Millennials will ultimately inherit the most wealth over time, Generation X is positioned to capture the largest share of inherited assets over the next decade. Firms that align strategy, service models, and technology with this reality will be best positioned to capture near-term flows while building durable relationships with the next generation of clients.   Here are the topics we cover:   The true timing of the Great Wealth Transfer Why “next generation” clients are not who most firms think How demographic math reshapes inheritance expectations Why Generation X matters most over the next 5 to 10 years Why Millennials are still the most contested generation The cost of waiting too long to build Millennial relationships How scalable systems enable early engagement without over-servicing What it means to design for Gen X now and Millennials later   Read our full report here:

FINNY has secured 17 million USD in Series A funding to expand its machine learning platform designed to help registered investment advisors address the organic growth squeeze. The investment round was led by various investors to support the company in providing automated prospecting and marketing tools for the wealth management industry. By leveraging unstructured data, the platform identifies potential clients for advisors and automates multi-channel outreach campaigns to streamline the business development process.    The platform provides wealth managers with a suite of tools for content creation and client engagement while maintaining a focus on data cleaning and personalization. This technology allows advisors to move away from manual prospecting by using artificial intelligence to detect signals in the market that indicate money in motion. These capabilities are intended to help firms capture assets from the ongoing wealth transfer and the increasing number of individuals entering retirement.    The application of artificial intelligence for prospecting and content creation is currently considered one of the most effective uses of technology within wealth management. While AI is highly useful for managing massive unstructured data sets and client engagement, industry experts suggest it remains less suitable for regulated activities like specific investment advice or portfolio construction. FINNY aims to utilize these strengths to help advisors scale their businesses by focusing on the initial stages of the client acquisition lifecycle.

Wealthfront made its public debut today, raising $485 million and achieving a market valuation of $2.1 billion. The Palo Alto-based fintech, known for its automated investing portfolios, saw its stock trade relatively flat, closing up just 1% on its first day. The company now serves 1.3 million customers and manages approximately $90 billion in assets, solidifying its position as a major independent player in the digital wealth space following a shelved acquisition attempt by UBS in 2022. Financial disclosures reveal that the company has reached profitability, a significant milestone for standalone robo-advisors. For the fiscal year ended July 31, 2025, Wealthfront reported $339 million in revenue—a 26% increase year-over-year—and $123 million in net profits. Much of this recent success is attributed to its high-yield cash accounts, which have attracted substantial assets. Moving beyond automated investing, the firm recently announced plans to expand into the mortgage market to broaden its service offering. The successful listing turns a failed $1.4 billion buyout into a larger exit for long-time backers like Tiger Global, DAG Ventures, Index Ventures, and Ribbit Capital. CEO David Fortunato, who took the helm in 2021, emphasized a focus on product development immediately following the listing. With nearly half a billion dollars in fresh capital and a profitable business model, Wealthfront is now positioned to compete more aggressively against both traditional incumbents and fellow fintech challengers in the race to serve mass affluent investors. Knote: It wasn't a 90s-style "big pop" affair, but it was priced a good 50% above the 2022 UBS bid, so backers can't be complaining. What remains to be seen is if this will help encourage people to start investing in VC funds again, the relative absence of which has been a drag on the early-stage funding markets. In theory, we could perhaps see some return boosts from early Wealthfront backers, including DAG, which invested way back in 2009 when the company was called "kaChing".

Your weekly guide to interesting happenings in WealthTech globally. In this issue, commentary on the following: With Biden-Era Fiduciary Rule Dropped, What Comes Next? Syfe Hits Profitability in Singapore and Secures New Funding Global WealthTech Market to Hit USD 21 Billion by 2031 FINRA Cautions Broker-Dealers to Catch 'Hallucinations' When Using Gen AI Affluent Investors Increasingly Turn to Robo-Advisors Airwallex lands $330 million - Backers might signify WealthTech rollout in US Alternative Managers Tighten Grip on US Life Assets Envestnet Announces Final 2025 Platform Enhancements How EverydayInvest is making investing universal Grantd Launches Equity Compensation Advice Platform Link to content:

401GO, a Utah-based fintech modernizing small-business retirement plans, has raised thirty-three million dollars in Series B funding. The round introduced Centana Growth Partners as a new investor, while Next Frontier Capital, Rally Ventures, and Impression Ventures returned after backing earlier rounds. The company plans to use the capital to expand embedded partnerships with human capital management providers, financial institutions, and financial advisors while continuing to scale its technology, product lineup, and team. 401GO develops a fully owned 401(k) platform built to serve both financial advisors and employers. Advisors use the firm’s portal, dashboards, pricing tools, proposal builder, automated invoicing, and reporting capabilities to monitor plans and manage client relationships more efficiently. Employers rely on the platform’s streamlined setup, automated compliance, intuitive mobile experience, and customer support to deliver affordable retirement plans without the friction of legacy systems. The technology enables processes such as plan creation, maintenance, and participant onboarding to be completed in minutes, supported by dedicated service teams. The company now serves over five thousand employer clients and fifty thousand participants and manages more than one billion dollars in assets. As 401GO invests in expanded partnerships and product development, its advisor-led distribution model and employer-focused efficiency aims to broaden access to modernized retirement plans for small businesses seeking simplicity and advisors seeking scalable plan management. Link to Article

The Beans has secured a $5.4 million seed round to accelerate the expansion of its financial operating system for frontline workers in healthcare, education, and nonprofit sectors. Investors in the round include Alloy Alchemist Fund, Commerce Ventures, Impulsum Ventures, Precursor Ventures, Swing Ventures, Techstars, TruStage Ventures, Esther Dyson, Coyote Ventures, and Fabric VC. The company plans to use the capital to scale its reach among employers aiming to address financial stress that contributes to absenteeism, turnover, and reduced productivity. Founded to improve financial stability for care-based professionals, The Beans offers a platform that automates and optimizes employee cash flow while supporting savings, debt management, and spending decisions. Its approach blends workforce development with intelligent software, aiming to reduce the financial strain common in care-centered roles. According to company data, employers using the platform have seen a 12 percent improvement in employee wellbeing and retention. The platform’s AI capabilities allow it to execute financial tasks, manage cash flows, and simplify complex decisions for users. With its new funding, The Beans plans to extend its services across more healthcare networks, educational institutions, and nonprofits. Founder and CEO Melissa Pancoast said the investment validates the company’s mission, while investors highlighted the firm’s execution and focus on addressing financial stress among frontline workers. Link to Article

Range has raised a $60 million Series C round led by Scale Venture Partners, with participation from Gradient Ventures, Cathay Innovation, and several new investors including 53 Stations. The financing brings the company’s total capital raised to more than $100 million. As part of the round, Rocket Money CEO Haroon Mokhtarzada and Scale Venture Partners’ Alex Niehenke will join the company’s board of advisors, adding experience in consumer finance, product scaling, and venture-backed operational growth.    The company plans to use the new capital to expand hiring across AI, product, and go-to-market functions while advancing its AI wealth manager, Rai, to deliver predictive planning and proactive tax optimization. Range also intends to grow its enterprise partnerships and broaden its investment solutions by adding broker-dealer services. The platform currently oversees $400 million in AUM and $9.5 billion in AUA, serving more than 5,000 high-net-worth customers across all 50 states.    Range reports 300 percent year-over-year revenue growth, citing demand from households priced out of traditional advisory models. Its AI-driven advisor handles thousands of financial inquiries monthly and has reduced messaging to human advisors by half. With its latest funding, Range aims to expand its national footprint, particularly on the West Coast, and continue redefining wealth management accessibility through technology.

Flex has raised $60 million in Series B financing led by Portage, bringing its total equity funding to $105 million as it accelerates its mission to build an AI-native private bank for mid-market business owners. The company positions itself as a unified financial platform that supports owners across personal and business needs, addressing the long-standing gap between small-business tools and enterprise-level financial infrastructure. Flex reported rapid growth over the past year, including a fourfold revenue increase, expanded private credit offerings, and the launch of new AI-driven capabilities. Central to Flex’s strategy is an intelligent agent architecture designed to replicate the functions of a complete finance team. These agents power underwriting, payment workflows, treasury optimization, and multi-entity financial management, creating a single operating system for owners who would otherwise rely on fragmented solutions. Flex’s expansion aligns with emerging Family Office as-a-Service trends, where technology brings traditionally high-touch financial management to a wider market. By combining banking-as-a-service infrastructure with AI-native orchestration, Flex aims to deliver the type of holistic visibility, cash-flow coordination, and personal–business integration that owner-operators typically access only through bespoke family office setups. Link to Article

First Rate Ventures has led the seed investment in bQuest, a Denver-based Care Intelligence Platform designed for financial advisors supporting clients through aging, end-of-life, and after-loss transitions. The partnership will embed bQuest’s AI Care Agents directly into advisor workflows, combining automated guidance with human concierge support. Marshall Smith, Managing Director at First Rate Ventures, said the platform addresses a widening advisory need: “The days of picking stocks and retaining clients with performance are gone. Advisors must adapt and add value across a broader spectrum of their clients’ financial lives. bQuest does this by enabling advisors to engage and add value during the end-of-life care of a loved one.”    bQuest provides firms with an integrated digital platform, a vetted national care-services network, and personalized assistance. Its tools help advisors maintain client relationships during moments when assets and loyalty are most at risk. The company’s collaboration with First Rate Ventures will accelerate the evolution of its explainable AI Care Agents, expand provider coverage nationally, and scale the concierge team that supports families during critical life transitions.    This investment reflects the growing importance of advisor readiness for the demographic surge associated with Peak 65 as well as the broader shift toward Family Office as-a-Service. As more Americans reach retirement age, advisors are being asked to support complex care, estate, and family-coordination challenges. By integrating bQuest’s capabilities into advisory workflows, First Rate Ventures aims to bring traditionally high-touch services down-market and strengthen the advisor’s role at the center of the client’s financial life.

Nevis formally launched its unified AI platform for wealth management and disclosed $35 million in Series A funding from Sequoia Capital, ICONIQ and Ribbit Capital, bringing total investment to $40 million in under a year. The company aims to remove administrative work that slows advisory firms, positioning its system as an engine for meeting preparation, client follow-ups, account openings and service tasks. Nevis reports that it already supports RIAs overseeing more than $50 billion in assets and is onboarding new customers quickly. The firm was founded by Mark Swan, Philipp Burda and Ivan Chalov, who built the platform around the view that advisors are limited by fragmented tools and manual workflows. Swan says many advisors spend most of their day on administrative or operational obligations, restricting capacity and making it harder for firms to meet rising demand for professional advice. Nevis is designed to address these bottlenecks by automating process-heavy tasks and stitching together information that typically lives across dozens of systems. Early customers include national RIAs, multi-family offices and firms focused on ultra-high-net-worth households. Leaders at GC Wealth, United Capital, Apollon Wealth Management and Dodds Wealth cited workflow automation, system integration and operational efficiency as primary reasons for choosing the platform. While not positioned as a compliance solution, firms also pointed to its potential to reduce risk created by inconsistent manual processes. With new funding and backing from well-known venture investors, Nevis plans to expand its platform and accelerate growth. Link to Article