Industry

Hamers, 58, is an external senior adviser at Arta Finance, a digital-wealth platform leveraging artificial intelligence in an attempt to bring family office-style investing to the masses.

Those advisors in the UHNW space without philanthropic planning services and understanding could be "left behind" by 2030, according to Daylight Advisors CEO Dien Yuen.

Technology enables better human interactions; it does not replace them, writes the head of Axos Clearing.

According to Baird, Robert Sargent is joining the firm's Fairfax office after leaving Edelman Financial Engines, where he managed about $245 million in client assets.

The funding round values Farther at $542 million.

Charles Monat is working with a financial advisor on a potential disposal that could value it at $400 million to $500 million.

Opto is aiming to capture the RIA segment serving high-net-worth and ultra-high-net-worth investors.

The Multi-Investment Workflow tool is aimed at accelerating the adoption of the firm’s model portfolio feature.

The bad news is, AI will further commoditize the work advisors do. But it won’t take over the advisor’s role as a guide.

Synapse Financial's collapse has caused a ripple effect within the fintech industry, due to the roughly 20 banks and 100 fintechs with which it had partnerships.