Welcome to the September 2025 concern of the Newest Information in Monetary #AdvisorTech – the place we take a look at the large information, bulletins, and underlying tendencies and developments which are rising on this planet of know-how options for monetary advisors!
This month’s version kicks off with the information that RightCapital has launched RightExpress, a characteristic of its monetary planning software program that permits advisors to create narrower single-topic monetary plans for potential purchasers as a technique to reveal their worth with out constructing a full complete plan – which on the one hand might be an efficient manner for advisors to extra effectively present their worth by specializing in the one or two matters that their prospects care about probably the most, however alternatively may wrestle (as comparable ‘simplified’ planning instruments have prior to now) if it streamlines the planning a lot that it loses its skill to reveal the advisor’s worth.
From there, the most recent highlights additionally characteristic quite a few different attention-grabbing advisor know-how bulletins, together with:
- Altruist has introduced the launch of a brand new subscription mannequin the place purchasers can get elevated money charges, tax loss harvesting, and discounted mannequin market funds in trade for a 12 bps per 12 months payment – which whereas being a step in direction of a extra clear payment mannequin for custody, would not fairly embrace a ‘pure’ fee-for-custody mannequin that may keep away from the opacity and unevenness of the standard custodial income mannequin
- Tax planning platform TaxStatus has unveiled a brand new lead technology resolution for enterprise corporations, giving advisors entry to a trove of tax data instantly from the IRS to higher perceive potential purchasers’ monetary scenario – although the query stays what number of potential purchasers will probably be snug sharing their IRS tax information with a monetary advisor earlier than they’ve even began working with them?
- “All-In-One” digital advertising and marketing platform FMG Suite has been acquired by personal fairness agency GTCR, signaling that FMG Suite may use its contemporary capital to proceed its lengthy stretch of progress by acquisition by snapping up smaller digital advertising and marketing platforms (regardless that it is nonetheless determining the best way to combine all its present items in a manner that satisfies its customers)
Learn the evaluation about these bulletins on this month’s column, and a dialogue of extra tendencies in advisor know-how, together with:
- AI-driven prospecting supplier FINNY has introduced a number of new instruments to ease the method of figuring out, qualifying, and contacting potential purchasers – though it is an open query as to what number of advisors are actually searching for a greater prospecting expertise, when most advisors are centered on attending to the purpose the place they need not do outbound prospecting to start with?
- As enterprise advisory corporations which have grown and merged over time have an growing want to handle their “technical debt”, an rising use case of AI is in making significant effectivity enhancements with out the price of rebuilding techniques from scratch – though the persistence of the underlying technical points signifies that AI may merely function a short-term patch for a longer-term drawback
And be sure to learn to the tip, the place we have now supplied an replace to our in style “Monetary AdvisorTech Options Map” (and likewise added the adjustments to our AdvisorTech Listing) as properly!
*To submit a request for inclusion or updates on the Monetary Advisor FinTech Options Map and AdvisorTech Listing, please share data on the answer on the AdvisorTech Map submission type.