NewEdge Capital Group’s Post

John O'Connell, MBA was quoted in this article in Family Wealth Report discussing the future of Envestnet, Inc after being purchased by Bain Capital, how they'll review Envestnet’s various software products, and more: “They will make strategic decisions to sell the highest performing assets to capture their appreciation. They will also sell or close their lowest performing products to reduce expenses.” Read more here: https://lnkd.in/gQ6Q_kqb

This latest article in Family Wealth Report discusses the future of Envestnet. It's worth a read!

Vestmark CEO, Karl Roessner, engaged in a discussion with William Hortz, Founder of the Institute for Innovation Development, to explore the evolving landscape of technology and services in the wealth management market. "We are constantly looking at our core technology to be sure we are always moving forward with the times, keeping pace with what customers need as their businesses evolve." Read the full interview: https://hubs.ly/Q02t0Rr70 #WealthManagement #FinancialTechnology

What is our approach to #AlternativeInvestments? At Raintree Financial Solutions, we understand the importance of selecting alternative investments that align with your unique investment objectives. Our team of experienced analysts reviews a wide range of alternative opportunities, rigorously assessing their potential for growth, risk factors, and suitability. We offer a diverse orange of alternative investments, including: •Private Equity - Participate in the growth of promising private companies across various industries. •Real Estate - Unlock opportunities in the dynamic world of real estate, from residential and commercial properties to development projects. •Private Debt - Support the growth of businesses by providing capital through structured debt instruments. Interested in learning more? Reach out to our team at https://lnkd.in/gHeK77k. #Alternatives #AlternativeInvesting #PrivateEqutiy #PrivateCapital #PrivateDebt #RealEstate

🚨 TOMORROW 🚨 is our #technology and #wealthmanagement Forum! Join us virtually from 1-2 pm ET for an hour packed with insights from top #financialplanning pros as they share how #tech is transforming #financialplanning —both client-facing and behind the scenes. The best part? It’s free and open to everyone! Don’t miss out—secure your spot now before it’s too late! By clicking the link! https://loom.ly/WUeVjw4

The latest RIA M&A Deal Report by ECHELON Partners found that 104 wealthtech deals occurred in 2023, up from 96 deals in 2022 but below the 108 deals in 2021. Last year’s deal flow was still much higher than the 48 wealthtech M&A deals in 2020 and the 31 deals in 2019. When wealthtech firms combine, complementary platforms can gain not only scale but knowhow that can lead to breakthroughs. This in turn can fuel financial advisors’ ability to serve more clients with greater efficiency and safety. Consolidation can only limit competition for so long in this sector, since that opens the door for new rivals to emerge with disruptive innovations. Today’s roundup includes M&A involving consultancies and financial wellness solutions. Future wealthtech M&A is likely to accelerate useful applications of artificial intelligence. But wealthtech M&A deal participants should always remember that most advisors would prefer providers simply release products that help them save time and money, or better yet make them money. #wealthtech #financialadvisors #wealthmanagement

What are the latest trends in the wealth tech stack? Check out this article from Warren Seubel, Managing Director of CAIS Solutions, on the evolution of tech for wealth firms as they consolidate their infrastructure for improved efficiencies across their full alternative investment lifecycle. Read here: https://lnkd.in/gsxm4Hux #alternatives #investments #wealthtech

🚀 Exciting news! interVal and FusionIQ have joined forces to revolutionize wealthtech solutions for financial advisors. This partnership empowers advisors to grow AUM and capitalize on the great wealth transfer with cutting-edge technology and insights. 🌐 Read More: https://hubs.la/Q02L4spn0 #WealthTech #FinancialAdvisors #Innovation #Growth

🗞️ Arch today announced it has passed more than $100 billion in private markets assets on the platform. To keep up with the rapidly growing universe of alternative investments, Arch has more than doubled its headcount, adding a key new hire, Zach Smith, to lead sales and partnerships. In addition, Arch added several product enhancements to support investors and advisors in their quest for higher returns and the diversification of private markets. These strategic moves emphasize Arch’s commitment to building the digital infrastructure required for seamless private markets investing, delivering on its plans for expansion and product development following its recent $20 million Series A funding. “After six years of investing in our clients and product, the demand we’re experiencing for Arch is exciting, with potential new clients reaching out to us daily. As the industry comes to understand the role private markets can play in enhancing portfolio outcomes, digital client experiences are needed to minimize the work and complexity of alternative investments like private equity. We built Arch to help our clients streamline operations and efficiently manage private markets investments. Since then, we’ve gone one step further, introducing new solutions to provide unique data-driven insights that empower our clients and their advisors to make smarter financial decisions.” - Ryan Eisenman, co-founder and CEO #news #growth #privatemarkets #wealthmanagement https://lnkd.in/g25QU8jq

This week, Wealth Solutions Report rings in the new year with a look back at 2023, explores where wealthtech will take us in the future and more: • Our Weekly Recruitment Roundup covers UBS, Raymond James, Cetera Financial Group, Wealth Enhancement Group, Wedbush Securities and more • We review our top 10 stories of the past year, ranging across Pathfinder Awards, custodians, industry conferences, tax, AI and more • Joel Bruckenstein asks Kendrick Wakeman, Craig Iskowitz and Tim Welsh, CFP how technology has improved financial services and how it will change the industry over the next two decades https://lnkd.in/gPz5Gpp8 #WealthSolutionsReport #FinancialAdvisors #WealthManagement