The big news in the technology executive changes was the announcement (in a exclusive to our Diana Britton) that Brian McLaughlin, president of advisor technology at Orion Advisor Solutions and co-founder of customer relationship management software Redtail Technology, would be leaving at the end of September.
In Tech People move this week
AJ Boury, who has held various roles in AI and data science focused startup incubator and holding company TIFIN for the past four and a half years, it has joined MSCI Inc. as head of marketing for Wealth Management.
At TIFIN, he most recently served as COO for the TIFIN Wealth unit and as head of marketing and communications for the company as a whole.
The summer has been a busy time for technology consultancy and technology provider AlphaTrAI. Just last week, she announced the acquisition of Anchor Advisory Services.
This week, AlphaTrAI announced the hiring of two executives and additions to its advisory board. Robert Marsh has joined to lead asset management technology services and Matthew Higgins will lead compliance consulting technology. Marsh most recently served as CIO and advisor to the independent research nonprofit Just Capital. Higgins spent almost 24 years with Putnam Investments, most recently as CCO of Putnam Retail Management and director of global distribution compliance.
AlphaTrAI also announced that John L. (Launny) Steffens, Catherine A. Saunders and Larry Anders have joined its executive advisory board.
Surge Ventures expands Avery with Fusion 1
Surge Ventures, a FinTech studio and incubator focused on AI, data and compliance, announced this week that her first startup, RegVersehas expanded its Avery platform by launching the Fusion1 product suite.
This new addition to Avery (which is an AI-powered regulatory co-pilot for RIAs and independent broker/dealers) offers wealth management firms a comprehensive suite of AI-enabled compliance and oversight tools, including audits, ad reviews, certifications, codes of ethics and more.
According to the release, the enhanced technology helps simplify data and file management by creating a single hub for all compliance-related materials. It also provides real-time progress tracking capabilities for monitoring compliance progress and enables firms to set up customized alerts and notifications to make reporting more efficient.
In particular, three of the most important functions that Fusion1 offers are automated AI-enabled audits, simplified authentication processing with real-time knowledge of compliance status, and a code of conduct system for reporting personal commerce, gifts and entertainment, political contributions, foreign businesses. activities, and more.
YCharts announces integration with Broadridge's wealth aggregation platform
YCharts, a cloud-based investment research and client communications platform, has completed a new integration with Broadridge's wealth aggregation platform.
With the integration, users of both platforms have easier access to customer account data by merging YCharts' visual and proposal generation tools with Broadridge's customer data.
Key features include seamless uploading of financial statements and portfolio positions within Broadridge's Wealth Aggregation platform for direct import into YCharts, which reduces manual entry; portfolio and benchmarking reports that simplify complex data; and comprehensive analysis for client portfolios across performance metrics and asset allocations.