It’s been quite a year in wealth management and technology. Big names changed roles, a lot of new technology launched, companies merged, and new players entered the market. This month’s headlines show the industry is ending 2024 strong and we have a lot to look forward to in 2025. Here are five December headlines we are the most interested in.
Zeplyn, AI Note-Taking Assistant for Advisors, Announces $3M in Seed Funding
This category of application is one of the new branches of AI that help advisors take client conversations and incorporate them as follow-up actions, tasks and integration into CRM, a client communication co-pilot if you will. The type of technology that Zeplyn represents is the most obvious near-term tangible benefit that F2 has seen advisors extract from artificial intelligence. So, if you’re looking for an AI project, this one works very well. It's been proven in our industry and by accounts of top RIAs we’ve spoken to, saving very expensive resources many hours per week.
Pontera Integrates With Envestnet BillFin
Through this new integration, advisors who use Pontera to manage their clients’ 401(k) accounts can streamline their billing. We think this enhancement and integration show Pontera’s resiliency and ability to pivot, expand its usefulness for advisors, and integrate into other sources of data.
RISR Announces Strategic Partnership With Citadel Wealth Management, Expands Team to Accelerate Growth
News of RISR’s growth is very positive for advisors. RISR gives them the tools to value a client’s business as an asset and part of their total wealth. This is useful for serving wealth creators and business owners and can help advisors grow this area of their business.
Ryan Beach Takes Helm at F2 Strategy
Ryan Beach, former president of Orion Wealth Management, will succeed co-founder Doug Fritz as CEO, who will transition to the role of executive chairman and focus on strategic initiatives and client engagements. Beach’s experience driving strategic growth and expanding service offerings while emphasizing team development and fostering a culture of empowerment, collaboration, and accountability is exactly what F2 needs during its next stage of evolution.
SEI Acquires LifeYield
Through this acquisition, SEI will provide real-time, automated unified managed household capabilities in a cost-effective, fully bundled overlay solution, providing the industry with the ability to look across all account registrations and implement a holistic financial plan to best optimize after-tax returns.The acquisition will accelerate its competitiveness by at least a decade. It follows a trend of custody players partnering with UMA providers. Fidelity and Envestnet announced a deal to partner earlier this year.
We wish you a Happy New Year, and we look forward to sharing more of our industry perspectives with you in 2025.
