T3 Conference 2024: Unveiling Technological Innovations in the Wealth Management Industry
Introduction
In the heart of Las Vegas, Nevada, the Technology Tools for Today (T3) conference unfolded its 20th edition, bringing together financial advisors, wealth management experts, and technology providers to explore the latest advancements shaping the industry. This year’s T3 marked a milestone, showcasing groundbreaking innovations that promise to revolutionize the way wealth is managed and invested.
Technology Innovations and Announcements
AdvisorEngine and Ritholtz Wealth Forge a Path to the Future
AdvisorEngine, a leading wealth management platform provider, joined forces with Ritholtz Wealth Management, a renowned registered investment advisor (RIA), to enhance the Good Advice offering. This collaboration aims to leverage technology seamlessly while maintaining a human-centric advisory approach. Josh Brown, CEO of Ritholtz Wealth, expressed his belief that this partnership represents the industry’s future, emphasizing the need for digital-first services and reaching new client segments. AdvisorEngine’s technology has also integrated with Charles Schwab’s iRebal platform, expanding its capabilities and reach.
Alphathena Secures Investment to Empower Advisors with AI-Driven Direct Indexing
Alphathena, a provider of an AI-powered direct indexing platform for RIAs, secured a $4 million investment led by ETFS Capital. This strategic investment will fuel the company’s mission to empower advisors with personalized investment strategies for their clients. Alphathena’s technology allows advisors to create tailored investment portfolios leveraging direct indexing and tax-loss harvesting. This approach enables advisors to stand out in a competitive market and cater to their clients’ unique needs.
Amplify Unveils Enhanced UMA Trading Solution for Efficient Portfolio Management
Amplify, a leading provider of unified managed account (UMA) trading solutions, introduced an updated version of its UMA trading capability. This enhancement empowers users to queue trades for uniform execution at a later time, providing greater flexibility in managing global and precision portfolio updates. The updated platform also ensures adherence to fiduciary requirements for uniform execution across client accounts.
Other Notable Developments
Orion Enhances Platform to Streamline Advisor Workflows
Orion, a prominent provider of wealthtech solutions, unveiled several updates to its platform. These enhancements focus on improving the client portal, portfolio management tools, and reporting capabilities. Orion’s goal is to streamline the user experience, enhance efficiency, and provide advisors with the tools they need to deliver exceptional service to their clients.
Morningstar Introduces Advisor Workstation for Integrated Wealth Management
Morningstar, a global provider of investment research and data, launched Morningstar Advisor Workstation. This integrated platform combines Morningstar’s comprehensive data and analytics with powerful portfolio management and client engagement tools. The solution is designed to help advisors make informed investment decisions, create personalized client portfolios, and enhance their overall productivity.
CAIS Empowers Advisors with CAIS IQ Alternative Investment Platform
CAIS, a leading provider of alternative investment solutions, launched CAIS IQ, a digital investment platform tailored for financial advisors. CAIS IQ offers a curated selection of alternative investment products, seamless portfolio construction tools, and comprehensive reporting capabilities. The platform aims to empower advisors to efficiently allocate client assets into alternative investments and access institutional-quality investment opportunities.
Conclusion
The 2024 T3 conference served as a testament to the rapid pace of innovation in the wealth management industry. From AI-powered direct indexing platforms to unified managed account trading solutions and integrated wealthtech platforms, the conference showcased the industry’s commitment to leveraging technology for enhanced client service, improved efficiency, and sustainable growth. As the industry continues to evolve, technology will undoubtedly play an increasingly critical role in empowering advisors to deliver exceptional client experiences and achieve long-term success.