Welcome to the November 2026 challenge of the Newest Information in Monetary #AdvisorTech – the place we have a look at the massive information, bulletins, and underlying developments and developments which might be rising on the planet of expertise options for monetary advisors!
This month’s version kicks off with the information that Orion has introduced a brand new price on expertise distributors that entry Orion information by way of integration, forcing suppliers to determine whether or not to eat the price, increase their very own costs, or cease integrating with Orion – and elevating the query of whether or not different platforms will begin charging their very own information entry charges and probably set off a wave of rising expertise prices that might unfold to advisors (and finally their purchasers).
From there, the newest highlights additionally function a lot of different fascinating advisor expertise bulletins, together with:
- Nevis has raised $70M in Sequence B funding because it builds its advisor AI ‘working system’ – however regardless of the attraction of 1 system that may unite all of an advisor’s disparate software program instruments (and remedy the so-called ‘swivel chair’ downside), the truth that so many different suppliers are competing to be the hub of the advisor’s tech stack (together with ones like Bounce and Hazel that have already got a considerable head begin in adoption) implies that it might be laborious for instruments like Nevis to scale in a manner that makes the mathematics work for its buyers
- BNY/Pershing has wound down its Wove platform, which was launched as a multi-custodial all-in-one wealth administration platform three years in the past – highlighting that whereas despite the fact that it’d make enterprise sense for an RIA custodian to construct its personal expertise providing (as evidenced by the rise of Altruist lately), Wove may need suffered from attempting to be every part to everybody as an alternative of specializing in a slim vary of options for a broader set of advisors
- Milemarker has added a Mannequin Context Protocol (MCP) server to its information warehousing resolution, permitting advisory corporations to plug their AI assistant of alternative into their centralized agency information – however as AI instruments more and more change into the primary manner that advisory corporations work together with their agency information, and change into built-in with a bigger number of advisor-specific software program, it is value questioning how a lot a centralized information warehouse is even wanted (when off-the-shelf AI instruments can simply make the info connections to the advisor’s different software program themselves)?
Learn the evaluation about these bulletins on this month’s column, and a dialogue of extra developments in advisor expertise, together with:
- The state of Missouri has accredited a rule declaring the observe of utilizing credential-sharing expertise (equivalent to Pontera) to view and make trades in a shopper’s held-away account to be an unethical enterprise observe, additional including to the divided state regulatory panorama and highlighting the necessity for 401(okay) plan suppliers themselves to offer safer technique of accessing shopper information
- The SEC introduced its 2027 examination priorities, which notably embody assessments of RIAs’ skill to organize for and reply to AI-driven deepfakes and phishing threats – suggesting that, as AI makes it simpler for fraudsters to mimic a shopper’s voice and even video picture, advisory corporations might want to step up their efforts to include safer multi-factor authentication (MFA) of their workflows for shopper cash motion requests
And be sure to learn to the top, the place we now have offered an replace to our in style “Monetary AdvisorTech Options Map” (and in addition added the modifications to our AdvisorTech Listing) as properly!
*To submit a request for inclusion or updates on the Monetary Advisor FinTech Options Map and AdvisorTech Listing, please share data on the answer on the AdvisorTech Map submission type.
