You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. iAltA Holdings, the WestCap-backed private markets startup, has announced the acquisition of BridgeFT, a wealth management technology infrastructure company. Terms of the deal were not disclosed. Founded in May 2025, iAlta’s biggest news to date was when Envesnet co-founder and former CEO Bill Crager joined the firm as a founding partner in October. BridgeFT, founded in 2015, and initially kn ...

Core Insights - BetaNXT is expanding its investment in AI-driven wealth management innovation to enhance product development and modernization, although the scale of the investment has not been disclosed [1] - The company has implemented advanced AI models over the past year to improve the processing of regulatory and investor-facing materials, which has led to reduced manual review and faster workflows [2] - The chief technology officer emphasized the company's mission to support clients in modernizing and innovating, focusing on strategic applications of AI across the wealth management lifecycle [3] Investment Focus Areas - The AI-driven innovation will concentrate on four main areas: data aggregation, workflow automation, business intelligence, and predictive analytics [4] - In data aggregation, AI will be utilized to streamline the processing of complex information, addressing issues related to disparate sources and manual errors, thereby enhancing user experiences [4] - Workflow automation aims to reduce the time spent on routine tasks, allowing clients and internal teams to focus on higher-value activities [5] - Business intelligence initiatives will enhance the DataXChange platform with AI insights, enabling clients to measure performance and identify new opportunities more effectively [6] - Predictive analytics will deploy forecasting models to identify patterns and predict future outcomes, with an initial focus on mitigating advisor attrition risk [7]

Core Insights - FNZ has secured $650 million in new equity funding from institutional shareholders to support its growth strategy and technology investments [1][2] Group 1: Funding Details - The funding round included contributions from notable investors such as La Caisse, Generation Investment Management, Canada Pension Plan Investment Board (CPP Investments), and Motive Partners, along with key clients like Aberdeen Group PLC, Aviva PLC, FirstCape, Ninety One, and Nucleus Financial Platforms [2] - The specific contributions from each investor were not disclosed in the announcement [2] Group 2: Strategic Moves - FNZ is actively expanding its presence in North America, with significant client implementations that have required substantial resources [3] - The funding is viewed as a defensive strategy, particularly in light of FNZ's partnership with the Canadian arm of Raymond James [4] Group 3: Future Plans - The funding will be directed towards FNZ's strategy for sustainable growth, focusing on technology, personnel, and product development, while also supporting its credit ratings [5] - FNZ has established a five-year innovation partnership with Microsoft to develop AI-driven solutions aimed at transforming the wealth management industry [5] Group 4: Current Position - FNZ currently manages or advises on $2.1 trillion in assets on its platform [6]

Group 1: Orion's Denali AI Platform - Orion has announced Denali AI, a new enterprise intelligence platform aimed at creating an AI-first ecosystem, with full availability expected in 2026 [1][2] - The technology is currently in beta with select advisory firm clients and will connect all systems and workflows within the Orion technology ecosystem [2] - Denali AI is designed to serve as an "AI Command Center" for firms, providing administrators with control and visibility into their AI environment, including usage data and activity logs [3] Group 2: Strategic Importance and Features - Denali AI is positioned as the cornerstone of Orion's future, combining automation, insights, and intelligence to enhance decision-making and client service [4] - Orion showcased AI assistants and features at the Future Proof conference, highlighting the platform's capabilities [4] Group 3: Envestnet's Managed Model Portfolios - Envestnet launched two managed model portfolios that integrate interval funds, available through its Strategist UMA platform [5] - The portfolios include options from Franklin Templeton and BlackRock, with additional offerings expected in 2026 from Fidelity Investments and State Street [6] - The Franklin Templeton fund offers five risk-based options with a 10% allocation to alternatives, while the BlackRock fund focuses on multi-asset income strategies [6] Group 4: Operational Developments - Both Envestnet funds will not require subscription documents and will simplify tax reporting for investors [7] - Envestnet appointed Bhaskar Peddhapati as chief technology officer, overseeing technology, engineering, and information security [7]

Core Insights - FNZ and AJ Bell have extended their technology partnership for another decade, originally starting in 2009, to support AJ Bell's dual-channel platform for advised clients and direct-to-consumer customers [1][2][3] Group 1: Partnership Details - The collaboration will see FNZ continue to provide essential technology for AJ Bell, including market connectivity, trading, settlement, custody, and management of books and records [2] - As of June 30, 2025, AJ Bell's platform managed assets exceeding £96 billion ($130 billion) [2] - The long-term partnership reflects the strength of the relationship and supports AJ Bell's growth strategy, emphasizing a user-friendly, low-cost platform for investment management [3] Group 2: Strategic Goals - AJ Bell aims to enhance operations and resolve operational issues by incorporating Amundi Technology's portfolio management system, which replaces labor-intensive methods with automation [4][5] - The new system is designed to improve efficiency and provide the flexibility needed to scale operations, meeting evolving client needs as AJ Bell expands [5] - FNZ expresses pride in the continued relationship and shared ambition with AJ Bell, focusing on making investing accessible and transparent for more people [4]