New Lending Platforms Help Advisors Close Competitive Gap With Banks

Concerned about an AI bubble? Sign up for The Daily Upside for smart and actionable market news, built for investors. If you need a loan you go to the bank, right? Not so fast. Wealthtech firms are now offering lending products to close a competitive gap between RIAs and traditional banks and wirehouses, which have long used mortgage rate incentives to lure clients and assets away from independent advisors. The latest such firm, Flourish, added residential mortgage lending capabilities to its registered i ...