The big news in technology executive changes was the announcement (in an exclusive to our very own Diana Britton) that Brian McLaughlin, president of advisor tech at Orion Advisor Solutions and co-founder of customer relationship management software Redtail Technology, would be stepping down at the end of September.
In Tech People Moves This Week
AJ Boury, who has held various roles at the AI- and data-science-focused startup incubator and holding company TIFIN for the last four and a half years, has joined MSCI Inc. as head of marketing for wealth management.
At TIFIN, he most recently served as COO for the TIFIN Wealth unit and as the head of marketing and communications for the company as a whole.
The summer doldrums have been a busy time for technology consultancy and tech provider AlphaTrAI. Just last week, it announced the acquisition of Anchor Advisory Services.
This week, AlphaTrAI announced the hiring of two executives and additions to its advisory council. Robert Marsh has joined to lead asset management technology services, and Matthew Higgins will head compliance consulting technology. Marsh most recently served as CIO and advisor to independent research nonprofit Just Capital. Higgins spent almost 24 years with Putnam Investments, most recently as CCO of Putnam Retail Management and director of global distribution compliance.
AlphaTrAI also announced that John L. (Launny) Steffens, Catherine A. Saunders and Larry Anders have joined its executive advisory council.
Surge Ventures Expands Avery with Fusion1
Surge Ventures, a FinTech studio and incubator focused on AI, data and compliance, announced this week that its first startup, RegVerse, has expanded its Avery platform by launching the Fusion1 product suite.
This new add-on to Avery (an artificial intelligence-powered regulatory copilot for RIAs and independent broker/dealers) provides wealth management firms with a comprehensive suite of AI-enabled compliance and surveillance tools, including audits, advertisement reviews, attestations, a code of ethics and more.
According to the announcement, the expanded technology helps streamline data and file management by creating a single hub for all compliance-related materials. It also provides real-time progress tracking capabilities for monitoring compliance progress and enables firms to set up alerts and tailored notifications to make reporting more efficient.
In particular, three of the more important functions Fusion1 provides are AI-enabled automated audits, simplified attestation processing with real-time insights into compliance status, and a code of ethics system for reporting personal trading, gifts and entertainment, political contributions, outside business activities, and more.
YCharts Announces Integration with Broadridge’s Wealth Aggregation Platform
YCharts, a cloud-based investment research and client communications platform has completed a new integration with Broadridge’s Wealth Aggregation platform.
With the integration, users of both platforms get easier access to client account data by merging YCharts visual and proposal generation tools with Broadridge’s client data.
Key features include seamless uploading of financial statements and portfolio positions within Broadridge’s Wealth Aggregation platform for direct import into YCharts, which reduces manual entry; portfolio and comparison reports that simplify complex data; and comprehensive analysis for client portfolios across performance metrics and asset allocations.
