This edition of the Wealthtech Roundup features Envestnet’s 2025-26 strategic roadmap; Surge launching a three-in-one AI platform; Carson introducing an AI assistant; Raymond James rolling out a Zoom AI companion; Vestmark partnering with Corient on consolidated trading and portfolio management; Jump and Cetera partnering on AI meeting assistants; TIFIN launching a AI agent platform for the middle office; Amplify hiring Mark Fischer as its first COO; AdvisorEngine announcing integrations with Jump, Zeplyn, Zocks, Zapier and ByAllAccounts; Modern Wealth partnering with Visory on cybersecurity and compliance; Cetera appointing Keyur Desai as Chief Data and Analytics Officer; and Arete Wealth integrating with Orion.
Larry's Take
Do you remember the days when a car commercial would proudly declare that the advertised model featured front-wheel drive? Eventually front-wheel drive became so standardized that now auto manufacturers only mention when a car is not front-wheel drive. We’re quickly approaching that moment with AI. Half of the stories covered in this roundup feature AI-based tools helping advisors and firms with various aspects of work. Soon we will arrive at a point when AI is no longer a featured item, but is rather assumed to be baked into the tech.
That doesn’t mean we’re at the end or even the half-way point of the AI revolution. As AI developers continue to advance the foundational technology, more robust and sophisticated applied technology use cases will arrive on the scene. The term “AI” will soon be insufficient to fully describe what’s happening with the rapid change before us.
If you would like to discuss this Larry’s Take further, including how these trends might impact your business, please contact me at larry.roth@rlrstrategicpartners.com.
Envestnet Releases Strategic Roadmap For 2025 And 2026
Berwyn, Pennsylvania-based Envestnet introduces the next phase of its platform innovation strategy for 2025 and 2026 at Envestnet Elevate 2025. The updates to Envestnet’s enterprise platform and Envestnet | Tamarac solutions include tax-aware trading, advisor control, automation and ecosystem integrations.
For example, Envestnet’s tax management tools will have a new feature allowing advisors to choose specific tax lots for harvesting, as well as a two-in-one function for tax-loss harvesting and withdrawing proceeds. Another highlight is advisor-traded sleeves within unified managed account (UMA) technology that allow direct management of custom asset types within a single account, instead of requiring multiple accounts. Tamarac now has enhanced CRM features with Microsoft integrations and third-party tools like Dropbox, Calendly and Constant Contact.
“At a time when advisors are being asked to do more with less—serve more clients, deliver deeper value, and navigate greater complexity—our platform is stepping up to meet that challenge,” said Molly Weiss, Group President of Wealth Management Platform for Envestnet. “We’re building the tools to make personalized, tax-smart, and insight-driven advice not just possible, but scalable.”
Surge Ventures Launches Advisor AI Platform Combining Compliance, Cybersecurity And Data
Menlo Park, California-based Surge Ventures launches SurgeONE.ai, an AI-native platform that combines compliance, cybersecurity and data infrastructure into one unified system for broker-dealers, RIAs and other regulated financial firms. The new platform brings the capabilities of Surge portfolio companies RegVerse, Kovair and Security Snapshot into one modular, scalable system.
The platform’s compliance features provide AI-guided policy surveillance, written supervisory procedure gap testing, attestation workflows, trade oversight and marketing review, while the cybersecurity functions allow “real-time visibility across rep devices, vendors and networks, with risk scoring and compliance reporting aligned to SEC cybersecurity and ADV Part C requirements,” according to Surge. For data infrastructure, SurgeONE.ai provides “seamless integration across core WealthTech systems, automated data hygiene and a centralized AI-ready lakehouse for reporting, analytics and regulatory response,” the firm said.
“This isn’t a rebrand or another AI wrapper,” said Sid Yenamandra, Founder and CEO of Surge Ventures and CEO of SurgeONE.ai. “It’s a new architecture, built by practitioners who’ve lived compliance and cyber from the inside, that will give firms clarity, agility and control in a time of mounting oversight.”
Carson Group Launches New AI Assistant For Advisors
Carson Group launches a new AI assistant, Steve, describing it as an “intelligent, conversational assistant designed to save advisors time by analyzing vast amounts of data in real time and providing rapid answers to questions that create efficiency and drive business results.” The AI assistant, trained on proprietary information from Carson’s digital systems, is expected to save the average advisor about five minutes per search.
The new chatbot is also expected to enable advisors to double their client load over the next five years, the firm said. Feedback from Carson Group-affiliated advisors during a test period was positive, with comments including, “When you open it for the first time, the quick walk through is super easy to understand and getting started is a breeze!” said Sarah Stormberg, Carson’s VP, Product Strategy.
“Advisors and their teams are amazed by the accuracy of the responses, saying it’s already saving them time searching for content,” Stormberg said, noting that the bot was named after Steve Synowicki, Director of Training at Carson Group. “Synowicki and his team have curated a robust training center that helps Partners navigate all the tools and resources available to Carson Partners.”
Raymond James Rolls Out Zoom AI Companion Meeting Summaries
Raymond James enhances its AI capabilities with the rollout of AI-generated meeting summaries for advisors and institutional businesses. Zoom AI Companion meeting summaries enable hosts to automatically generate and share detailed, AI-generated summaries of their meetings. The capability “strengthens Raymond James’ AI leadership by delivering significant time savings across business units and will integrate seamlessly with proprietary advisor applications, including RJ CRM and Opportunities,” the firm said.
Recent innovations by the firm included predictive machine learning in Advisor Access and AI Search, which it said “uses generative AI to provide quick, tailored answers from the firm’s internal knowledge base.” Raymond James invests $975 million each year to improve technology, it said. The firm’s total client assets are $1.54 trillion.
“In conjunction with our internally developed AI tools, innovations from strategic technology providers like Zoom enable us to deliver substantial value to financial advisors, institutional businesses, and their clients, expanding service capabilities and ultimately saving them time,” according to Andy Zolper, the firm’s Chief Information Officer. “AI Companion meeting summaries will be a game changer for capturing highlights and follow-up actions, empowering users to focus solely on meaningful conversation during meetings.”
Vestmark Partners With Corient On Consolidated Trading And Portfolio Management
Wakefield, Massachusetts-based Vestmark announces a strategic partnership with Corient to provide portfolio management and trading technology solutions for Corient’s advisors. With Vestmark’s technology, Corient can consolidate investment solutions on a single platform.
Founded in 2001, Vestmark says it supports six of the industry’s 10 largest managed account platforms and has $1.5 trillion in assets flowing through its platform. Miami-based Corient is a subsidiary of CI Financial of Toronto. Corient had more than 240 partners managing approximately $177.3 billion in client assets as of Dec. 31.
“We are extremely pleased to have been chosen as one of Corient’s key strategic partners. Our goal is to provide them with a robust and consistent technology foundation to power their continued growth,” said Karl Roessner, CEO of Vestmark. “At Vestmark, we understand the importance of flexibility; our solutions are designed to empower firms to effectively support their advisor base while seamlessly integrating the unique capabilities that arise from their growth and evolution.”
Jump And Cetera Partner On AI Platform For Advisors
Salt Lake City-based Jump, a provider of AI solutions for advisors, partners with San Diego-based Cetera Financial Group. Jump will provide its AI-based meeting assistant to Cetera’s approximately 12,000 advisors.
Jump’s AI platform is designed to free up advisors’ time by automating functions like meeting documentation, CRM updates, compliance logging and follow-up workflow. Advisors using the platform can save one to three hours per day by automating administrative tasks, the firm said.
"Advisors rely on Cetera for technology that helps their business function more efficiently while supporting growth and an exceptional client experience. Our size and scale allow us to identify solutions that can strengthen our enterprise infrastructure in service of our advisors,” said Garrett Beam, Head of Digital Solutions at Cetera. “With Jump, we’re not just enhancing advisor workflows – we’re investing in a more secure, efficient, and innovative future for the entire Cetera community.”
TIFIN Launches Productivity Platform Of AI Agents For Middle Office Operations
Boulder, Colorado-based AI solutions provider TIFIN launches a platform of AI agents to automate middle office operations. TIFIN AXIS combines TIFIN’s financial AI technology and Palantir’s data infrastructure in a collection of AI agents for middle office processes.
The project aims to increase efficiency in the middle office by taking on the challenges of manual workflows, siloed systems and legacy tech stacks. TIFIN AXIS will use multiple AI agents, organized beneath a central orchestrator, to automate tasks and streamline workflows.
“Frontier firms in financial services are using AI for growth and to enhance productivity,” said Vinay Nair, Founder and CEO of TIFIN. “Together, we will see a seismic shift in the delivery of advice and products to investors. TIFIN has built AI powered experiences and intelligence for growth, and is now adding AI powered agents to boost productivity and accelerate this shift.”
Amplify Hires Schwab Veteran Mark Fischer As First COO
Scottsdale, Arizona-based Amplify Platform announces the hiring of Mark Fischer as Chief Operations Officer, a newly created position. Fischer is a veteran of Charles Schwab Asset Management, where he served as COO and Chief Financial Officer. During his 11-year tenure, he led key functions for Schwab Asset Management, which has approximately $1.2 trillion in discretionary assets under management (AUM).
Amplify’s unified platform focuses on maximizing advisor efficiency, improving client outcomes and driving growth by integrating wealth management functions “onto a single pane of glass,” the firm says. The platform provides functions like client onboarding, an institutional model marketplace, UMA trading and client lifecycle tracking.
“Amplify’s recent growth has been impressive to watch,” said Fischer. “But what impressed me even more is the obvious commitment to helping financial advisors work smarter, grow faster and prepare for the future with confidence. I look forward to helping elevate our operations to support that mission and consistently deliver exceptional value for our clients and partners.”
AdvisorEngine Announces Integrations With Jump, Zeplyn, Zocks, ByAllAccounts And Zapier
AdvisorEngine announces several platform integrations with AI-powered wealth management tools. The tech provider shared that it is working with Jump, Zeplyn and Zocks, all AI meeting assistants that take notes and create client service actions.
AdvisorEngine is also working with Zapier, an automation platform with over 7,000 productivity applications. The integration is expected to improve advisor workflows by enhancing client communication, compliance and documentation, smart task and appointment scheduling, and workflow creation. In addition, AdvisorEngine’s integration with Morningstar Wealth’s ByAllAccounts is designed to expand access to portfolio data insights.
“AI Note Takers integrated into AdvisorEngine generate meeting prep documents, pulling in past notes, tasks, and key client insights so advisors can show up prepared and lead more impactful conversations,” said Rich Cancro, Founder and CEO of AdvisorEngine. “The AI Note Takers also accurately transcribe calls, generate structured notes, create next steps and automate workflows, significantly slashing administrative work for advisors and their team members while bolstering compliance.”
Modern Wealth Partners With Visory For Cybersecurity And Compliance
RIA and wealth management platform provider Modern Wealth Management selects Chesterfield, Missouri-based Visory for cybersecurity and compliance solutions. Visory is deploying its AI-powered SecureCompliance platform, which it described as a “scalable, proactive cybersecurity program designed to evolve alongside the firm.”
The cybersecurity platform is designed to protect client data as Modern Wealth grows, acting like a virtual Chief Information Security Officer, the company said. Key features include real-time visibility into vulnerabilities and remediation plans, multi-factor authentication throughout the firm and custom risk assessments. Modern Wealth manages over $7.5 billion in assets.
“SecureCompliance was very convenient, very timely, and it has been working out pretty well,” said Mike Capelle, Co-Founder and Co-CEO of Modern Wealth. “It provided a lot of transparency on how we’re doing, where we have gaps, and where we need to focus our attention.”
Cetera Appoints Keyur Desai As Chief Data And Analytics Officer
Cetera announces the appointment of Keyur Desai as Chief Data and Analytics Officer, a newly created role. He reports to Christian Mitchell, the company’s Chief Solutions Officer.
Desai will lead enterprise data strategy, including scaling advisor intelligence, platforms, enhancing proactive analytics and embedding data insights through the Cetera end-to-end lifecycle. He previously served as Chief Data Officer at TD Ameritrade.
“Cetera is building something bold and differentiated – an ecosystem where advisors don’t just access data, they act on it,” said Desai. “I’m excited to join a firm that sees data not as an output, but as an engine for advisor confidence and client outcomes.”
Arete Wealth Integrates With Orion To Enhance Advisory Capabilities
Chicago-based Arete Wealth announces integrations with Orion to enhance its advisor platform. Orion’s fiduciary tools drive advisor efficiencies in portfolio management, reporting, trading, compliance and client engagement.
The deal comes as Arete Wealth has nearly doubled its assets under management (AUM) since 2022 and expanded its outsourced services for independent RIAs, the firm said. Arete Wealth Advisors had over $3.1 billion in AUM according to its April Form ADV filing. Orion says it services $4.7 trillion in assets under administration and $98.6 billion of wealth management platform assets as of March 31.
“Our focus at Arete Wealth is to continuously evolve our advisory platform with best-in-class technology that empowers financial professionals,” said Joshua Rogers, Founder and CEO of Arete Wealth. “Our new partnership with Orion represents another significant step in our strategy to provide advisors with the most innovative tools available, ensuring they can optimize their practices and better serve their clients.”
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