The firm anticipates expanding the technology to more funds on its platform later this year.

The digital-focused advisory recruits advisors from UBS, Farther and others, bringing its total assets to over $400 million.

The two firms announced an exclusive partnership focused on offering hybrid public-private investments across asset classes.

Financial advisors were split on the current state of the economy, while a majority held a positive view of the stock market in April, according to WealthManagement.com's Advisor Sentiment Index.

The United States has pushed back on a global minimum wealth tax on billionaires.

JPMorgan's asset-management unit, which handles money for wealthy people and institutions including endowments and pension funds, is seeking to grow its private credit offerings.

Gorman's decision to step down after giving up the CEO role in January is seen as a vote of confidence in Pick’s leadership.