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Salesforce, RightCapital, And YCharts Launch Their Own New AI Capabilities (And More Of The Latest In Financial #AdvisorTech – July 2026)

July 6, 2026 07:01 am 0 Comments CATEGORY: Technology & Advisor FinTech

Welcome to the July 2026 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors!

This month's edition kicks off with the news that Salesforce, RightCapital, and YCharts have all launched their own new AI capabilities, from internal notetakers to capture meeting notes, to analyzers that help to craft better planning recommendations and automatically solve for desired client goals, to document extraction tools that expedite the process of analyzing a prospect's existing portfolio and developing a proposal. Which marks a rising trend of "The Incumbents Strike Back" as standalone AI providers have threatened industry disruption, but the fact that advisors are slow to switch software means that now existing leaders in the major AdvisorTech categories are developing their own versions of the same AI capabilities to retain their advisor users and preempt their disruptors!

From there, the latest highlights also feature a number of other interesting advisor technology announcements, including:

AI Notetakers like Jump and Zocks are developing their own expanding capabilities, from Jump's new account onboarding automations (that can kick off directly from the client information and action items collected in a new-client meeting) to Zocks' rollout of Client Queries (that allow advisors to ask questions about their aggregate client base to spot new business opportunities)… capabilities that unto themselves represent useful incremental improvements, but in the long term appear to put the AI notetakers on a slow but steady collision course with traditional CRM systems (eventually forcing advisors to choose which they will stick with in the long run).
New roll-up Arca emerges from "stealth" mode with a $48M capital raise, while Farther raises another $150M to fuel its own growth, as the new generation of tech-enabled RIA platforms make the case that engineering talent can build internal proprietary all-in-one tech platforms good enough to materially improve their advisor productivity and margins (even as the past 20 years of AdvisorTech improvements have failed to produce any reduction in the typically-40% overhead expense ratio of large advisory firms!?).
WealthReach raises a $1M seed round to support the development of their "Living Sites" platform that leverages AI to create more dynamic SEO- and AEO-friendly websites, with content that can more continuously update to make the sites appear fresh and attractive to search engines, as the ongoing drive for organic growth shifts more advisory firms to finally pivot their websites from 'digital marketing brochures' to become differentiated websites that are actually findable by new prospects (at least for advisory firms that are differentiated enough in their own value proposition to support a differentiated website in the first place!?).

Read the analysis about these announcements in this month's column, and a discussion of more trends in advisor technology, including:

Edward Jones takes a minority stake in Quicken, as the firm seeks to delve deeper into financial planning and enable its advisors with more tools that support good financial planning conversations with clients… but raising the question of why Edward Jones felt the need to invest into Quicken rather than just leverage its existing MoneyGuide contract, or pursue more "modern" personal financial management solutions like Monarch Money (or simply purchase Mint.com before it was shut down)?
As advisory firms continue to invest into data warehousing solutions to create new AI orchestration layers, a deeper look at what they're actually building reveals solutions that are remarkably non-AI in their nature, from automating address updates across multiple systems to facilitating billing and advisor payouts and improving onboarding processes… raising the question of whether firms really need to be investing so much into centralized data to facilitate their AI initiatives, or whether their AI initiatives are simply becoming the impetus to finally establish more systematic processes and begin to better use the APIs of their existing providers to implement the deterministic non-AI workflows they needed all along?

And be certain to read to the end, where we have provided an update to our popular "Financial AdvisorTech Solutions Map" (and also added the changes to our AdvisorTech Directory) as well!

*To submit a request for inclusion or updates on the Financial Advisor FinTech Solutions Map and AdvisorTech Directory, please share information on the solution at the AdvisorTech Map submission form.

Weekend Reading For Financial Planners (July 4–5)

July 3, 2026 02:00 pm 0 Comments CATEGORY: Weekend Reading

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that on the eve of individuals being able to open and fund Section 530A "Trump" Accounts, the IRS has issued a revenue procedure that will significantly reduce the number of individuals who have to file gift tax returns as a result of making contributions to these accounts by establishing safe harbor rules including, among others, that taxpayers donating must be individuals and that such contributions must be made in cash. Which could reduce the administrative burden of making contributions to these accounts for parents, grandparents, and others, though these individuals might consider more broadly whether other savings vehicles for future generations (e.g., taxable custodial accounts or 529 plans) might better meet their objectives.

Also in industry news this week:

The SEC has advanced a proposal that would make electronic delivery of documents the default for RIAs and asset managers (while allowing clients and investors to opt in to receive paper copies)
A survey finds that wealthy families are increasingly looking beyond tax efficiency when it comes to estate planning to also create frameworks for the next generation that outline the purpose and meaning of their wealth

From there, we have several articles on retirement planning:

Updated research on retirees' spending trajectories finds that they could resemble a 'smile' or a 'smirk', with implications for initial withdrawal rates
The history of 'lost decades' in the stock market and how financial planners can help clients prepare for them
How historical visualizations can help clients better grasp abstract retirement income strategies (and how their portfolio and income strategy would have fared in different historical periods)

We also have a number of articles on advisor marketing:

Key metrics for measuring the success of a marketing strategy, including average new client revenue and the percentage of leads that are qualified
The pros and cons of keeping marketing in-house versus using an outsourced provider (and how a hybrid approach could offer the best of both worlds)
How having a marketing "point person" within an advisory firm can ensure that marketing tasks don't slip through the cracks

We wrap up with three final articles, all about enjoying the holiday weekend:

The science behind fireworks, from how different colors are produced to innovations in sound effects
Why controlling heat and moisture are key to successful grilling and how the 'best' fuel source can depend on a chef's priorities
How to choose and use sunscreen to avoid a nasty sunburn after a day at the beach or pool

Enjoy the 'light' reading!

Private Fund Due Diligence: A Checklist For Reviewing Governing Documents And Operational Controls

July 1, 2026 07:02 am 0 Comments CATEGORY: Investments

For most of our history, the domain of the financial advisor has been helping clients to invest their savings in publicly traded stocks and bonds that create opportunities for long-term growth, in order to achieve clients' retirement and other savings goals. While the particular vehicles have changed over time – from individual securities, to mutual funds, to exchange-traded funds – the underlying continuity has been that all of these issuers are registered with and are subject to the reporting standards of the Securities and Exchange Commission (SEC), which mandates detailed and extensive disclosures about the issuer, its business, and the securities being offered. More recently, as companies are staying private longer and issuing more private equity and debt, private investments and funds have proliferated, and more and more advisory firms are now exploring whether to add allocations of private funds into their client portfolios. However, without the rigorous disclosures required of issuers because of SEC registration and reporting, it is significantly harder for advisors to conduct due diligence on private funds, which present investment and legal risks not typical for most public investments.

In this guest post, Rich Chen, founder of Brightstar Law Group, explores the practical due diligence considerations that advisors must navigate when considering a private fund investment, with a particular focus on what to look for in governing documents and the operational systems of the private fund.

The starting point in due diligence is to recognize that what is stated in legal governing documents can differ quite significantly from a private fund's marketing materials, as the latter is written to attract investors to the fund by focusing on the opportunities, while the former is written to minimize the risks for the fund sponsor (and thus more clearly articulates the rights of investors who put dollars into the fund). Accordingly, a detailed review of governing documents can highlight conflicts of interest (e.g., between the fund sponsor and affiliated parties), reveal restrictions on an investor's ability to exit the fund investment (which can often be significant), identify red-flags regarding indemnification provisions, and detail how expenses will be allocated between investors and fund management. In addition, due diligence of governing documents provides an opportunity to ask about “side letters” to determine if other investors might have preferential or different rights or return opportunities.

Beyond due diligence of legal documents, it's also important to evaluate a private fund's operational systems, and how effectively they are built to protect investors. For instance, does the private fund segregate key functions, ensure dual authorizations for disbursements, use an outside custodian or separate accounting firm, and conduct annual audits? These measures can significantly mitigate risks of fraud or misappropriation by the manager or its personnel. Similarly, advisors can inquire about the firm's cybersecurity and client data protections, engage in background checks of the fund sponsor's history (to ensure no prior legal issues or enforcement actions!), and determine how the firm values its assets (especially in cases where it calculates carried interest or other management fees based on those valuations).

Ultimately, Chen provides a due diligence checklist to help support the process, though notably it's not enough to just 'mechanically' complete a checklist; instead, the SEC expects to see advisors showing contemporaneous documentation that they were thoughtful in their questions and evaluation of the answers provided, to demonstrate robustness of the process itself – for which advisors may even wish to engage outside providers to support in due diligence (especially if their internal resources are limited). The growth of companies in the private markets represents a significant opportunity for clients to invest, but those who are accustomed to the natural protections the SEC has built into public markets need to be cognizant that there are unique risks of private equity and debt funds that, at the least, require a substantive proactive due diligence process from financial advisors (with the SEC increasingly applying enforcement actions against advisory firms that “just” relied on the marketing materials and representations of the private fund sponsor alone).

Lessons Learned From Building A $60B Advisory Enterprise: #FASuccess Ep 496 With Shannon Eusey

June 30, 2026 07:05 am 0 Comments CATEGORY: Financial Advisor Success Podcast

Shannon Eusey Podcast Featured Image FAS

Welcome everyone! Welcome to the 496th episode of the Financial Advisor Success Podcast!

My guest on today's podcast is Shannon Eusey. Shannon is the chairman and co-founder of Beacon Pointe Advisors, an RIA based in Newport Beach, California, that oversees $62 billion in assets under management for 25,000 client households.

What's unique about Shannon, though, is how she led Beacon Pointe throughout its path to becoming a large advisory enterprise, from starting out as an independent RIA to adding partners through M&A transactions to bringing on capital partners to now transitioning out of the CEO role.

In this episode, we talk in-depth about how Shannon started Beacon Pointe alongside her father with an eye towards eventually building a large advisory enterprise (at a time when large RIAs were much less common), how Shannon and her team decided to start adding partner firms to contribute to Beacon Pointe’s growth (and why her firm places culture fit near the top of the list of criteria when evaluating potential partners), and how Shannon decided that adding a private equity partner would both provide capital to support her firm’s acquisitions and serve as a source of business-building wisdom as her firm evolved over time.

We also talk about how Shannon decided to centralize operations at Beacon Pointe with the goal of allowing local offices to focus on providing advice to clients, how Shannon and Beacon Pointe develops content and partnerships to boost the firm’s organic growth (alongside assets brought in through acquisitions), and why Shannon has met one-on-one with every new employee at the firm (to better understand their journey to Beacon Pointe and to let them know she and the executive team care what employees think).

And be certain to listen to the end, where Shannon shares how she made the difficult decision to step out of the CEO role (though she will remain with the firm as chairman and continue to work on priority projects), how Shannon has led research into women and wealth that has revealed lessons for how the financial advice industry can better serve this group, and how Shannon has found value by keeping a certain amount of ‘white space’ on her calendar to ensure she has time to step back from day-to-day business and consider the big picture of her role and the business as a whole.

So, whether you’re interested in learning about what it takes to build a $62 billion advisory enterprise, considerations around making acquisitions and taking on outside capital, or the role of culture within a large advisory business, then we hope you enjoy this episode of the Financial Advisor Success podcast, with Shannon Eusey.

How I Built A Custom AI Agent For My RIA – And What It’s Changing About How We Work

June 29, 2026 07:03 am 0 Comments CATEGORY: Practice Management, Technology & Advisor FinTech

One of the biggest challenges in scaling up an advisory firm beyond the founder is figuring out how to ensure that all the new and future team members of the firm will deliver advice consistent with the founder's approach. Historically, this has meant training advisors largely through osmosis; associate advisors were expected to be part of client meetings alongside the founder, to not just capture notes for CRM, compliance, and follow-up purposes, but to be present and absorb and learn by seeing and hearing (and eventually, supervised doing). Yet with the arrival of AI notetakers, many advisory firms have begun to question whether it's even a good use of time for team members to still be in client meetings when notetaking can occur automatically. While at the same time, the question arises: if team members aren't in client meetings, how else can they possibly learn the founder's approach and planning philosophy? (Unless they go separately to the founder with each and every planning question, which ironically can take even more of the founder's time!)

In this guest post, Jake Northrup, founder of Experience Your Wealth, shares how his 3-person advisory firm built their own custom AI assistant, not as a means to replace team members but a way to teach, train, and support their advisors and ensure advice is delivered more deeply and consistently to clients… while reducing how often the team comes to Jake as the founder for direct input.

Of course, the starting point for any AI-related initiative in an advisory firm – especially when it involves client-specific situations and therefore client data – is how to do so securely. Which Jake ultimately solved for by transitioning to a new CRM system (Slant) that has securely integrated Claude directly into its own client database. Additionally, with support from the firm's outsourced IT and Cybersecurity provider, CyberSecureRIA, Jake was able to set up a secure private cloud environment – dubbed "Rocky" – where the firm's IP can be uploaded and utilized safely (after trying a smaller-scope setup with a contractor on Upwork that failed!).

Once the client and firm data was secured in a safe environment, Jake shares how he utilized Claude to develop a "Standard Operating Procedure" (SOP) document that could be used to teach their AI-assistant Rocky how the firm handles any particular planning situation based on the AI-generated notes and transcripts of various internal firm and client meetings (already held safely in their Slant CRM or secure private server), along with other firm data.

Once trained, Rocky is now able to act like a thinking partner for the firm, allowing them to more consistently create the deep advice that Experience Your Wealth provides to its clients while reducing how often the team needs to come back to Jake for input. With the caveat that Rocky isn't expected to be (and isn't) perfect, and some issues will still need to be escalated for input from the founder. Which means that from the team perspective, the focus can shift from memorizing what the firm's standard approach is for certain client scenarios (since Rocky can quickly make those connections), to exercising judgment about when to trust Rocky's output, when to push back, and when to bring it to the founder for further (albeit still less frequent and time-saving) input.

An interesting side-effect of Jake's efforts is to find that 'just' consolidating the firm's information into their CRM system has been enough to apply Rocky as their own AI assistant "lens" through which client scenarios can be analyzed. In other words, it wasn't necessary for them to go through the complexity of creating their own "data warehouse" as some larger firms have done; instead, Jake's firm achieved their AI unlock by switching to a new CRM system (Slant) that was able to bring together all of their client relationship and meeting data (e.g., AI notes and transcripts) into one central CRM location.

Ultimately, the key point is that building an AI assistant tool, trained on your firm's individual data, is something that can be accomplished even in a solo advisor or small team environment, as long as some outside help is used for the initial technical setup. And doing so is arguably especially helpful for smaller/solo advisors, where training team members – who otherwise crave the founder's input and time – can create growth bottlenecks that an AI trained on the firm's planning approaches can help to solve. Which in the long run doesn't only help the firm to train and develop team faster, but also helps them more quickly go deeper with each client, supporting the firm's ability to continue to grow without needing to hire additional team as rapidly, thanks to the technology support!

Weekend Reading For Financial Planners (June 27–28)

June 26, 2026 02:00 pm 0 Comments CATEGORY: Weekend Reading

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that a recent study from The Ensemble Practice finds that while surveyed advisory firms posted profit margins in excess of 38% for fiscal year 2025 (a figure up nearly 15 percentage points over the past decade), organic growth rates have lagged, with strong market performance being a key contributor to both (serving as a revenue driver for AUM-based firms, but also leading some consumers to continue managing their own investments). Which suggests that during a future market downturn, firms that do invest in pursuing organic growth (e.g., by engaging in multiple tactics and creating a structured marketing and sales process) could be better positioned to reach consumers who are newly incentivized to seek out an advisor, ultimately weather the storm that could otherwise significantly erode their revenue, and emerge even stronger when the market eventually recovers.

Also in industry news this week:

NAPFA announced a new fiduciary standard for its registered advisors this week, going beyond SEC and CFP Board fiduciary requirements, particularly when it comes to advisor compensation
A recent survey indicates that financial advisors on the whole are largely upbeat when it comes to their growth prospects over the next few years and are leaning into the human element of advice as they prepare for greater competition from AI-powered self-directed advice tools

From there, we have several articles on retirement planning:

A rule from "SECURE Act 2.0" restricts the type of catch-up contributions that can be made to workplace retirement plans for certain high-income earners, though these contributions could still be valuable despite the absence of an immediate tax deduction
How individuals can gain early retirement flexibility using the "Rule of 55" to make penalty-free withdrawals from their workplace retirement plans
A study finds that married couples sometimes don't maximize the employer matches available to them, in part because of concerns about how workplace retirement plans would be treated in a potential divorce

We also have a number of articles on insurance planning:

When long-term care insurance might (and might not) make sense for clients in the current challenging environment for the product
How financial advisors have responded when clients face sharp premium hikes on their long-term care policies
Why individuals might want to seek out insurance policies that are expected to lose them money (on average)

We wrap up with three final articles, all about the future of content in a "Zero-Click" world:

17 types of content that could continue to perform well at a time when fewer individuals are actually clicking through to websites from Google searches
Why nurturing a highly tailored audience could help content creators (including financial advisors) succeed amidst the centralization of information
While "how-to" books have experienced a sharp decline in sales amidst the growing popularity of AI chatbots, those dedicated to consuming long-form content (and/or who have an accountability partner) might be more likely to succeed in their fitness, financial, or other goals

Enjoy the 'light' reading!