What a busy week in advisor technology news, with a lot of important headlines to share.
Perhaps no story was more important than the news from Orion that it had completed work stitching together several of its major acquisitions of recent years together into a coherent, integrated whole. Creating a more streamlined user experience for advisors has long been the end-goal of Orion’s efforts to build a greater wealth technology stack for the financial services industry.
Elsewhere, we have big banks making deals with wealthtech providers like SigFig, a new asset manager signing on to CAIS’s ever-growing alternatives platform, and Yieldstreet signing its first official RIA partner.
There’s a lot to chew on in the advisor tech news this week—we’ll let you get to it:
AIMR Analytics, a fintech corporation dedicated to promoting financial literacy and transparency between investors and their financial advisors, released a user interface update to its marquis product, AdvisorCheck.com. New features include a first-of-its-kind fully comprehensive “compare” function which allows for a side-by-side comparison between advisors and the ability to share advisor profiles with others. The new tool, also groundbreaking within the industry allows users to pull information on up to three financial advisors, side-by-side, to get a detailed comparison at their physical location, disclosures (if any), years of experience, firm history, certifications, exam history, average account size (at their firm), assets under management (at the firm), number of employees at their firm, the total number of clients, the ratio of clients to employees, and more pertinent metrics.
Dynasty Financial Partners has chosen BridgeFT’s WealthTech API as its primary custodial data partner to power Dynasty’s integrated wealth technology offerings across the Dynasty Network. BridgeFT is a cloud-native, API-first wealth infrastructure software company that enables financial institutions, FinTech innovators, and registered investment advisors to deliver better, data-driven outcomes for their clients.
BY Cindy Taylor