The WSR Wealth Exemplar Awards Wealthtech Firm of the Year goes to the top three firms providing technology solutions for firms that operate within the non-institutional wealth management space. At minimum, winners must serve $250 million in assets.
San Francisco-based Kwanti is a web-based software provider aiding financial advisors and investment managers with prospect conversion, client acquisition and retention, model management and more by delivering portfolio analytics, investment performance data, stress testing and proposals. Kwanti helps users showcase portfolio recommendations, and leverage data integrations with custodians and portfolio management platforms. The firm, which was founded in 2008, serves more than 1,200 firms and has maintained a 92% retention rate during the past three years.
Last year, Kwanti released the Kwanti Screener for advisors to screen for best performing assets, Tax Drag Analysis for advisors to identify hidden portfolio expenses and tax liability, and Model Portfolio Tracking for advisors to add a model portfolio’s history of changes. It also announced a data-sharing integration with the RIA-focused custodian Altruist. The 2023 T3 / Inside Information Software Survey gave Kwanti the highest ratings in the Investment Data / Analytics Tools category and the Economic Analysis & Stress-Testing Tools category for firms with more than 0.4% market share.
San Francisco-based StratiFi is a financial technology platform for the wealth management space that seeks to provide a streamlined approach to risk profiling, IPS generation, portfolio building and compliance oversight. Founded in 2016, it serves financial advisors, investment managers and compliance officers at RIAs, independent broker-dealers, family offices and other institutions. StratiFi’s features include an analytics dashboard, advisor and team surveillance tools, firmwide analytics capabilities as well as spreadsheet data exports.
StratiFi prioritizes building software that enables advisors and their firms to ace their next regulatory audit without having to worry about the minutiae of how – or whether – the technology works. The firm monitors more than 130,000 accounts totaling over $55 billion in assets under risk supervision, across approximately 450 client relationships. Last year, StratiFi increased the number of assets under risk supervision by nearly 50% and investment accounts on the platform by approximately 75%. In July, StratiFi announced the hire of former eMoney Advisor executive Sarah Gribben as Director of Sales and Business Development.
Wakefield, Massachusetts-based Vestmark provides portfolio management / trading solutions as well as outsourced services for financial institutions and their advisors. Using automated workflows, Vestmark strives to enable firms and advisors to deliver personalized investment portfolios at scale, along with tax management across an entire multi-asset portfolio. Vestmark, which was founded in 2001, supports advisory programs at six of the top 10 managed account providers and has approximately 400 employees.
The company supports over $1.5 trillion in assets across more than 65,000 financial advisors and approximately 5 million accounts. Vestmark has over $200 billion in advisor managed assets on the platform, over $400 billion in unified managed account (UMA) assets and over $500 billion in separately managed account (SMA) assets. VestmarkONE has been supporting investing strategies at wealth and asset management firms for more than two decades. Vestmark VAST launched in April 2023 as a turnkey portfolio management solution that supports direct indexing, SMAs, pooled funds and individual securities.
Chris Latham, Managing Editor at Wealth Solutions Report, can be reached at firstname.lastname@example.org