The start of 2024 brings the annual Technology Tools for Today, or T3, conference for financial advisors and other players in the independent wealth space, and with it, a slew of technology innovations and updates.
This year's event, led by producer Joel Bruckenstein, marks T3′s 20th anniversary. It's being held this week at the Cosmopolitan Resort & Hotel in Las Vegas. Speakers and participants include Josh Brown of Ritholtz Wealth Management, Natalie Wolfsen of Orion, Kunal Kapoor of Morningstar and Abby Salameh of CAIS.
Like at some other tech-focused gatherings, participants at T3 will get an in-depth look at the latest in advisor-focused innovation — including software tools, platforms, applications and emerging technologies, such as those tied to artificial intelligence and machine learning.
Here's a rundown of what's been announced so far from technology and other firms in early 2024 — in alphabetical order. ThinkAdvisor will update this list as we become aware of new developments in the fintech space:
AdvisorEngine & Ritholtz Wealth
Platform provider AdvisorEngine and RIA Ritholtz Wealth Management shared more details recently about Good Advice, an offering launched by Ritholtz last year after it bought the digital advice service FutureAdvisor and tapped AdvisorEngine technology for the service; Good Advice is designed to serve mass affluent clients (with $250,000 to $1 million in assets).
"We're using technology where technology is warranted but it's a human-driven advisory service that I think represents the future of the industry," according to Ritholtz Wealth CEO Josh Brown. The partners say their collaboration is focused on "where the wealth management industry is headed — a future where firms must be able to deliver digital-first service and reach new client segments." (AdvisorEngine also has been integrated with Charles Schwab's iRebal platform.)
Alphathena
The firm, a maker of an AI-powered direct indexing platform for RIAs, said it has secured a $4 million investment led by ETFS Capital, with Hyde Park Angels also participating. The technology is intended to help advisors build "greater personalization strategies for their clients leveraging direct indexing and tax-loss harvesting … [in order to] differentiate themselves in a competitive marketplace."
Amplify
Amplify has updated its unified managed account, or UMA, trading capability, so that users can queue trades for uniform execution at a later point in time, for instance. "This means greater flexibility around both global and precision portfolio updates with the ability to adhere to fiduciary requirements for uniform execution across client accounts," according to the firm.
