Advisory & Brokerage

A study conducted by AutoRek and Worldwide Business Research has found up to 60% of asset and wealth managers view reconciliations as the biggest challenge to their company.

Responsive, a FinTech company that leverages machine learning to help financial advisors to better serve and engage investors, has raised C$3.5m in a Series A funding round led by Co-operators.

The Covid-19 pandemic transformed the wealth management sector and firms are looking to accelerate their digitalisation efforts to stay competitive. Wealth Dynamix has outlined an easy six step guide to support a firm’s digitalisation effort.

Kidbrooke has already helped several of Sweden’s largest banks and insurers to automate some of their wealth management services, but this WealthTech startup is just getting started.

Digitalisation in wealth management has rapidly accelerated over the past few years, but there are six key areas firms should be focusing their efforts.

Brightside, a financial care platform for employers, has closed its Series B funding round on $33m, as it looks to enhance its AI-powered solution.

WealthTech platform Addepar has closed its Series E funding round on $177m, as it looks to deepen its platform capabilities.

As we delve into the initial months of 2024, the wealth management sector stands at the cusp of transformation, propelled by technological advancements and a challenging economic landscape.

With the advent of technology people have become accustomed to improved experiences and better access to data. Digital distribution and reporting technology enables fund managers to transform their operations to be more collaborative with investors and be much more transparent.

Global stockbrokers, neobankers and financial institutions are all slowly onboarding crypto into their asset portfolio and it's probably a matter of time before WealthTechs do the same, according to analysts.