AssetMark, a prominent financial services firm based in Concord, California, is expanding its offerings to advisors by integrating philanthropic services through a collaboration with the AI-powered wealth platform, TIFIN. This partnership introduces TIFIN Give, an innovative platform designed to simplify and streamline the process of charitable giving.

Through AssetMark’s platform, advisors can now access TIFIN Give, a turnkey philanthropy solution that offers comprehensive services including educational resources, donor-advised fund setup, and grant management. This integration allows advisors to effortlessly manage charitable contributions across generations, enhancing their ability to support clients’ philanthropic goals.

Dimensional Introduces First Unified Managed Account Platform

Dimensional Fund Advisors, based in Austin, Texas, has launched its first-ever Unified Managed Account (UMA) platform. This new offering provides financial advisors with access to a broad range of investment options, including Dimensional’s separately managed accounts and exchange-traded funds (ETFs).

A UMA differs from a separately managed account (SMA) by holding multiple types of investment vehicles, allowing for greater diversification and flexibility. Dimensional’s UMA platform includes nine SMAs, 38 Dimensional ETFs, and over 1,000 non-Dimensional ETFs. This comprehensive solution offers integrated tax management, operational efficiency, and the ability to create personalized asset allocations with daily rebalancing.

Advisor360° Introduces Bulk Onboarding Feature

Advisor360°, a fintech company specializing in wealth management solutions, has unveiled its latest digital onboarding tool, Account Transitions. This feature is designed to expedite the process of updating and transitioning thousands of client accounts, especially during significant changes such as firm transitions or regulatory updates.

The Account Transitions service dramatically reduces the time needed to gather and transfer client information, supporting the setup of up to 6,000 accounts in just 90 seconds. It automates data collection, detects errors, and streamlines the onboarding process, making it a powerful tool for advisors looking to enhance efficiency and accuracy.

Oasis Group Launches AI WealthTech Map for Advisors

Oasis Group, a consulting firm based in Monroe Township, New Jersey, has published an AI WealthTech Map that highlights 55 technology firms offering AI solutions to the wealth management industry. With growing interest in artificial intelligence among financial advisors, the map serves as a valuable resource for those seeking to incorporate AI into their practice.

The AI WealthTech Map provides a comprehensive overview of tools available for various stages of the client relationship, including prospecting, note-taking, proposal generation, AI-driven investment research, and compliance. Oasis Group plans to regularly update the map to reflect the latest developments in the AI landscape.

Advyzon and FINIAT Partner to Enhance Advisor Services

Advyzon Investment Management, a Chicago-based turnkey asset management provider, has partnered with FINIAT, a wealth management software firm, to offer enhanced trading solutions to advisors. This collaboration will allow advisors to automate and personalize portfolio management for their clients, ultimately improving investment outcomes.

The integration of FINIAT’s technology with Advyzon’s platform aims to help advisors scale their businesses by streamlining portfolio management and allowing them to focus more on client interactions. The partnership is expected to deliver significant benefits by consolidating investment strategies and enhancing overall efficiency.

Smarsh Partners with OpenAI to Capture ChatGPT Enterprise Communications

Smarsh, a technology company based in Portland, Oregon, has announced a collaboration with OpenAI to bring its communication capture technology to ChatGPT Enterprise. ChatGPT Enterprise is the business-focused version of OpenAI’s popular AI chatbot, ChatGPT.

While regulatory requirements for monitoring communications with AI systems like ChatGPT Enterprise are still evolving, Smarsh’s partnership with OpenAI enables firms to proactively capture and secure these interactions. This service is designed to help businesses stay ahead of potential regulatory changes and ensure compliance in their use of AI-driven communication tools.