In this edition of the Wealthtech Roundup, Envestnet and Vanguard expanded their collaboration; Feathery raised funds; Mariner partnered with Humanity Labs; Smartria launched a communications archiving tool; d1g1t introduced an MCP server; Advyzon launched an agentic AI system; OneDigital selected JIFFYAI for investor onboarding; F2 Strategy released research; Wipro expanded its Databricks partnership; Orion launched an account opening tool; Arch disclosed additional Series B investors; and Mercer Advisors upgraded its family office platform.
Envestnet And Vanguard Expand Tax-Aware Portfolio Collaboration
Envestnet and Vanguard expanded their relationship by pairing Vanguard’s Advisor’s Alpha framework and model portfolios with tax-aware tools on Envestnet’s platform. The arrangement gives advisors access to tax-efficient retirement strategies, including tax-loss harvesting, alongside personalized portfolio management that considers clients’ tax sensitivity throughout the year, and Vanguard will participate in Envestnet’s Fund Strategist Tax Management Advantage program for use by participating advisors.
Through the program, advisors using eligible Fund Strategist Portfolios, including Vanguard Active-Passive model portfolios, can apply ongoing tax management based on client-specific tax sensitivity preferences. The service evaluates the tax impact of portfolio changes throughout the year and seeks to balance tax costs against alignment with the underlying investment strategy.
Dana D’Auria, Co-Chief Investment Officer and Group President of Solutions for Envestnet, said, “We’re proud to expand our relationship with Vanguard and build on how we support financial advisors together. Tax management is no longer a year-end exercise. Advisors increasingly need solutions that help them manage tax implications throughout the year while keeping their portfolios aligned with their clients’ long-term goals.”
Feathery Raises $30 Million In Total Funding
Feathery announced $30 million in total funding, including a recently completed Series A, from Portage Ventures, Index Ventures, Allstate Strategic Ventures, Clocktower Ventures, Erie Strategic Ventures and Bain Capital Ventures. The company, which provides an AI operating and decisioning system for financial services, said it serves more than 300 firms across insurance and wealth management and is hiring across engineering and go-to-market teams.
Feathery’s AI Operating System collects and structures client information, connects systems of record and normalizes data, while its AI Decisioning System analyzes business data and feeds recommendations back into workflows. The company said it currently processes tens of millions of monthly submissions. RIA and broker-dealer uses include client onboarding, proposal generation, M&A and transitions, account opening and account maintenance.
“Feathery has earned the trust of enterprises by solving the real operational and regulatory complexity that defines financial services,” said Stephanie Choo, General Partner and Co-Head of Portage Ventures. “Every workflow Feathery powers generates data that sharpens decision-making and automates more of the business, creating a compounding advantage that deepens over time. We’re proud to back the Feathery team as they define this category.”
Mariner Partners With Humanity Labs On AI Workforce
Mariner and Humanity Labs entered a five-year partnership to scale an AI workforce to more than 700 full-time equivalents inside Mariner. The system will operate within Mariner’s existing technology and workflows at enterprise scale across back-, middle- and front-office functions, including client onboarding, account opening, compliance reviews, client reporting, billing, prospect onboarding and identification of cross-serve opportunities.
The companies said completed work will feed a shared memory layer that Humanity Labs calls Organizational General Intelligence, while Mariner plans to shift routine processing to the system and leave client relationships, judgment and outcomes with employees. Mariner is introducing the system through firmwide employee sessions, published career paths and new roles focused on directing and quality-checking the AI workforce. Its affiliates advised on more than $629.7 billion as of May 31.
“Just about every firm in our industry has grown the same way: serve more clients, hire more people,” said Marty Bicknell, CEO and President of Mariner. “That model has a ceiling, and we decided to break it. For more than 20 years, Mariner has been guided by a simple belief: put clients first and positively impact the lives of many. This is the next evolution of that commitment.”
Smartria Adds Communications Archiving To Compliance Platform
Smartria launched SmartArchive, an AI-based digital communications archiving and surveillance capability for RIAs, broker-dealers and compliance consultants. The tool captures, retains, monitors and makes searchable business communications across multiple digital channels including text messages, social media messages, email and websites, giving compliance teams a centralized system for recordkeeping, supervisory reviews, audit preparation and responses to SEC and FINRA examinations.
SmartArchive is the third addition to Smartria’s AI compliance suite, following SmartReview, which pre-screens marketing content for potential compliance issues, and SmartAssist, a chat tool for questions about SEC and FINRA rules. SmartArchive uses technology licensed from Presults, while Smartria said its AI models are API-driven and built in-house. The company serves more than 1,000 firms.
“Our vision has always been to simplify compliance for advisory firms,” said Patrick Hunt, CEO of Smartria. “The success of our AI-powered offerings made it clear that clients value an integrated approach, and adding archiving is a natural evolution of that strategy. SmartReview’s AI-powered-review capability already works this way, helping employees catch potential issues early while leaving the decision to approve with a person.”
d1g1t Launches MCP Server For Advisor AI Workflows
d1g1t launched an MCP server connecting its enterprise wealth management platform with general-purpose AI tools including Anthropic’s Claude, OpenAI’s ChatGPT and Microsoft’s Copilot. Built on the open Model Context Protocol standard, the connector lets advisors use natural-language prompts to retrieve live platform data and perform tasks such as reviewing household holdings, summarizing performance, flagging mandate breaches and assembling client reports.
The MCP server also supports morning briefings, meeting preparation, ad hoc client reporting, portfolio analysis, account intelligence, onboarding and compliance monitoring. Advisors can use it to review communications and pending trades, examine drift, exposures, risk, rebalancing and tax-loss harvesting, or request performance and compliance information. d1g1t said the launch establishes a foundation for further agentic AI development across its platform.
Benoit Fleury, Chief Product Officer and Co-Founder of d1g1t, said, “They are augmenting the mechanical work of meeting prep and reporting so advisors can spend less time on administration and more time with their clients. By connecting AI agents directly to our enterprise wealth management platform where trusted data actually lives, we’re giving advisors their own personal Chief of Staff that works across every household, every workflow, every day to deliver personalization at scale.”
Advyzon Launches Embedded Agentic AI System
Advyzon launched Advyzon AI, an agentic intelligence system embedded in its wealth management platform and built around the platform’s existing data model, permissions and workflows. The system draws on client relationships, workflow history, operational patterns and governance settings to retrieve information, connect activities and prepare actions for advisor review across functions including planning, portfolios, reporting, billing, compliance, documents and operations.
Advyzon AI can synthesize household data for meeting preparation, structure meeting notes and follow-up work, classify documents and extract data fields, and support cash-flow modeling, scenario analysis, portfolio optimization and tax strategy evaluation. The company also said the system can identify anomalies, generate tasks or alerts and help users navigate the platform, with permission-based access, human review and auditability built into its controls.
Hailin Li, Founder and CEO of Advyzon, said, “The future of AI in wealth management demands more than disconnected copilots, narrow task automations, or retrofitted intelligence. It requires AI that understands how advisors actually work, fits natively into each firm’s operating model, and becomes a natural part of daily operations.”
OneDigital Selects JIFFYAI For Investor Onboarding
OneDigital selected JIFFYAI’s Unified Onboarding solution for its wealth management client onboarding process. The platform is designed to handle multi-custodial onboarding, including integrations with Schwab and IWS, while synchronizing information with Salesforce. OneDigital plans to use it to reduce manual handoffs, consolidate data and support a digital onboarding workflow for clients and advisors across the firm’s wealth business and supporting systems.
JIFFYAI’s onboarding system combines document digitization, workflow automation, compliance processes, account opening, funding and data orchestration. It also supports multi-product and multi-account onboarding, advisor transitions and large client migrations, while connecting with custodians, CRMs and processing systems.
Babu Sivadasan, CEO of JIFFYAI, said, “Manual handoffs, fragmented systems, and compliance complexity are creating friction at the very moment firms should be building trust and deepening relationships. We’re excited to work with OneDigital as they continue executing their growth vision. Our Unified Onboarding solution has helped leading financial institutions transform onboarding from an operational bottleneck into a strategic advantage, enabling them to deliver exceptional experiences at scale while creating capacity for future growth.”
F2 Strategy Finds AI Spending Outpaces ROI Measurement
F2 Strategy’s Q2 2026 Trend Report found that wealth management firms are increasing AI budgets while many lack formal methods for measuring returns on those investments. Its May survey covered 40 RIAs, wealth management firms and broker-dealers representing $8.6 trillion in assets, drawn from F2’s national cohort of 116 firms representing $31 trillion. F2 said AI spending has risen over the past three years.
F2 found that 64% of wealth management firms and 83% of bank and trust respondents lacked a unified data layer to support AI projects, while most firms surveyed had no formal method for measuring their AI. Among the firms that do measure results, 68% reported 25% greater efficiency in targeted workflows. F2 also found that firms are directing AI efforts toward operational efficiency, advisor productivity and headcount-neutral scale rather than revenue.
Doug Fritz, Co-Founder and Executive Chairman of F2 Strategy, said, “For many, private equity-backed, modern business models are driving the idea that the future existence of the firm is the ROI of AI initiatives, but we’re showing firms how to connect AI spend to ROI and impact on the business, and it’s important for the industry to understand how to make an authentic business case.”
Wipro Expands Databricks Partnership For Data And AI
Wipro expanded its partnership with Databricks and created a dedicated Databricks business practice focused on data modernization and enterprise AI deployment. The initiative will combine Databricks capabilities in agentic AI, analytics, application development and data modernization with Wipro Intelligence, and will use Databricks Genie and Wipro’s WEGA platform to help clients interact with enterprise data and move from legacy systems to AI-ready data architectures.
Wipro said the practice builds on more than 300 agentic AI and data use cases delivered across banking and financial services, healthcare, telecommunications, manufacturing and energy. Planned applications for banking and financial services include end-to-end wealth management, portfolio performance optimization and client experience.
Kanwar Singh, Managing Partner - Technology Services at Wipro, said, “Our long-standing collaboration with Databricks reflects a shared commitment to help enterprises move from AI experimentation to measurable value. The business practice will bring together platform specialists, consulting expertise, and industry teams to co-create solutions that accelerate data transformation and enterprise-wide AI adoption.”
Orion Launches Dynamic New Account Opening
Orion launched Dynamic New Account Opening within the Orion Advisor Portal, with Goldman Sachs Custody Solutions serving as the first custodian integrated into the digital account-opening process. The tool is available to Orion Advisor Technology clients that custody with Goldman Sachs, is scheduled for Orion Portfolio Solutions clients later this summer and is expected to expand to additional custodians later this year.
The tool uses a workflow that changes according to account type, household structure and custodian, with centralized data capture intended to reduce duplicate entry. Advisors can choose DocuSign or a fully digital process, and direct custodian API integrations support real-time account opening. Orion said it developed the workflow with Goldman Sachs Custody Solutions through two hackathons in 2025 that used AI to streamline and automate parts of account opening.
Todd Bertucci, Executive Vice President of Orion Advisor Technology, said, “Orion collaborated closely with Goldman Sachs Custody Solutions through two hackathons in 2025 with one goal: streamlining the account-opening process and improving efficiency for advisors. By leveraging AI at the hackathons, we were able to quickly streamline the account-opening process and automate key workflows. This is a meaningful step toward modernizing account onboarding and reducing friction where it matters most.”
Arch Discloses Series B Investors, Tops $500 Billion
Arch said private market assets on its platform reached $539 billion, double the level a year earlier, and disclosed additional investors from its $52 million Series B. The previously undisclosed investors include MUFG Innovation Partners, Franklin Templeton and Layer Global Founder Anton Levy, joining backers Oak HC/FT, Menlo Ventures, Craft Ventures and Quiet Capital as of the announcement.
Arch plans to use Series B capital for product development, data and AI infrastructure, and go-to-market expansion, including CIO tools, its client portal and automated data pipelines. The platform supports document collection, capital calls and reporting across private equity, venture capital, hedge funds and real estate for more than 650 allocators. MUFG Innovation Partners is also a client, while Franklin Templeton uses Arch in its alternatives operations.
Ryan Eisenman, Co-Founder and CEO of Arch, said, “Private markets have increasingly become an essential component of investor portfolios, but turning the data behind those investments into actionable intelligence remains an outdated and manually intensive process. Crossing $500 billion in assets on our platform is a reflection of how many of the industry’s most sophisticated allocators are turning to Arch to solve that problem.”
Mercer Advisors Rolls Out Second-Generation Aspen Platform
Mercer Advisors rolled out the second generation of Aspen, its proprietary AI-enabled family office platform, to more than 1,100 wealth professionals. The system brings client data, workflows and specialist systems into one environment for planning, investing, tax, estate, insurance and financial administration work, and allows the firm to place supervised AI tools within employee workflows. Mercer reported $110 billion in client assets as of May 31.
Aspen maps relationships among clients, employees and services through a unified knowledge graph and acts as a system of record for work performed across the firm. The platform handles hundreds of thousands of actions annually for more than 42,000 clients and integrates with providers including Orion, Box, eMoney, Salesforce, Zoom and Microsoft, as well as custodians including Charles Schwab, Fidelity Investments, Raymond James Financial and Goldman Sachs.
Daniel Gourvitch, President of Mercer Advisors, said, “For our teams, it is the engine that simplifies the coordination and execution of work, so they can spend more time with clients while also doing more for them. And at the firm level, Aspen supports consistent delivery, rapid innovation, and the integration of innovative technology partners directly into advisory workflows.”
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