Latest news with #Addepar
Yahoo
4 days ago
- Business
- Yahoo
Fi3 Advisors, Opto partner to streamline private markets investing
Fi3 Advisors, a fee-only RIA and multi-family office, has teamed up with Opto Investments, a technology-driven platform aimed at simplifying private markets investing for independent advisors and family offices. This collaboration is expected to enhance Fi3's private markets programme by streamlining investment processes, consolidating performance data for client reporting, and creating a tailored annual vintage funds programme for its clients. Managing around $1bn in assets for approximately 130 families, Fi3 serves as a central hub for its clients' financial needs, employing an institutional approach to portfolio construction. The firm crafts customised portfolios that align with clients' financial plans while addressing liquidity requirements and tax considerations. Typically, private markets investments account for 15-25% of client portfolios, and the partnership with Opto will refine these offerings, according to the company. Through Opto's private markets solution, Fi3's advisors and clients will benefit from operational framework, including a single K-1, automated subscription document creation, digital signatures, and seamless integration with Fi3's reporting software, Addepar. Fi3 investments director Nathan Kinney said: 'A core part of our investment philosophy is meaningful integration of private markets, and Opto is helping us scale that thesis. 'Private markets investing has historically been resource-intensive for us, but Opto's platform gives us cleaner data and smoother operations, allowing us to focus on what actually matters: helping our clients achieve better outcomes.' Opto's portfolio construction tools are claimed to enhance Fi3's ability to optimise after-tax returns by aligning private and public market investments. Additionally, Opto's pacing solution will assist Fi3 in building private market allocations over time to complement public market exposures. Opto co-founder and chief solutions officer Jake Miller said: 'At Opto, we partner with firms at every stage of their private markets journey, from those just starting out to those with established programs seeking to grow using the right technology. 'We look forward to supporting Fi3's growth by streamlining operations and helping them efficiently expand their clients' access to private markets vehicles.' "Fi3 Advisors, Opto partner to streamline private markets investing" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
TFC Launches Truist Merchant Engage, Rides on Payment Innovation
Truist Financial TFC has introduced Truist Merchant Engage, an integrated merchant services platform aimed at helping small and mid-sized businesses (SMBs) simplify their operations, access real-time insights and grow launch marks a notable expansion of TFC's payments product suite, enabling greater revenue diversification and client base that SMBs represent 99% of U.S. businesses, Truist's ability to capture even a modest share of the $40 billion merchant acquiring market through the integrated, tech-enabled platform positions it well for substantial and recurring non-interest income growth. Truist Merchant Engage offers a more simplified approach to serve business clients by combining core financial services and merchant solutions into a seamless, user-friendly digital platform. It includes real-time dashboards, dynamic onboarding, product discovery and self-service tools that enhance operational efficiency and unlock aligns with Truist's ongoing investments to advance innovative payments technology customized to evolving client demands, aiming to solidify its position as a leader in digital financial services. Launched in late June and set to continue through early 2026, the rollout represents a key move in the company's strategy to modernize business banking with integrated, data-driven Ward, head of Enterprise Payments at Truist, stated, 'Truist Merchant Engage is more than a product — it's a reflection of our purpose-driven commitment to lead the industry with integrated solutions that help businesses thrive. By unifying business banking and merchant services into one seamless experience, we're enabling SMBs to operate more efficiently, make data-driven decisions and grow with confidence.'This April, Truist announced the successful completion of the initial testing phase of an innovative alias-based bill payment solution that allows businesses to offer faster, simpler, more secure and cost-effective bill payments. Shares of TFC have risen 15.6% in the past year, underperforming the industry's growth of 25.9%. Image Source: Zacks Investment Research Currently, Truist carries a Zacks Rank of 3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Last month, Goldman Sachs GS launched GS AI Assistant firmwide, a tool driven by generative AI, according to an internal memo seen by GS AI assistant will help Goldman employees in "summarizing complex documents and drafting initial content to perform data analysis."Similarly, HSBC UK Private Banking, a subsidiary of HSBC Holdings PLC HSBC, has adopted the Addepar platform, which is particularly designed for wealth managers. This move comes after its adoption in the U.S. Private Bank, with plans for rollouts in the Channel Islands and Luxembourg later in the UK Private Banking provides services to domestic and global ultra and high net worth clients alongside family Addepar platform offers a superior client reporting experience, handling complex aspects such as alternative investments and account aggregation. It allows relationship managers and investment advisers to smoothly deliver customized, comprehensive performance reports and investment insights. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Goldman Sachs Group, Inc. (GS) : Free Stock Analysis Report HSBC Holdings plc (HSBC) : Free Stock Analysis Report Truist Financial Corporation (TFC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Business Wire
5 days ago
- Business
- Business Wire
Fi3 Advisors Selects Opto Investments to Scale and Streamline Private Markets Offerings for High-Net-Worth Families
INDIANAPOLIS--(BUSINESS WIRE)-- Fi3 Advisors ('Fi3'), an independent, fee-only Registered Investment Advisor (RIA) and multi-family office serving high-net-worth ('HNW') families, executives, and business owners nationwide, today announced its strategic partnership with Opto Investments ('Opto'), a comprehensive, technology-led solution to simplify private markets investing and servicing for independent investment advisors and family offices. Opto will enhance Fi3's longstanding private markets program by simplifying private investment workflows, centralizing performance data for end-client reporting, and helping establish an annual vintage funds program customized to the needs of Fi3's clients. Fi3 manages approximately $1 billion in assets for around 130 families, serving as a single point of contact for all areas of their financial affairs. Through an institutional portfolio construction process, Fi3 integrates their clients' investments with their financial plan, building bespoke portfolios that balance liquidity needs and tax circumstances. The partnership with Opto will further modernize and institutionalize Fi3's private markets offerings, which typically represent 15-25% of client portfolios. 'Our goal at Fi3 is to 'Empower Families to Create a Generational Impact.' We do that by delivering a family-office experience to families who typically don't have access to that level of support,' said Nathan Kinney, Director of Investments at Fi3. 'A core part of our investment philosophy is meaningful integration of private markets, and Opto is helping us scale that thesis. Private markets investing has historically been resource-intensive for us, but Opto's platform gives us cleaner data and smoother operations, allowing us to focus on what actually matters: helping our clients achieve better outcomes.' Leveraging Opto's end-to-end private markets solution, Fi3's advisors and clients will benefit from a streamlined operational experience with a single K-1, automated subdoc creation, digital signatures and smooth integration with its reporting software, Addepar. Further, Opto's advanced portfolio construction tools strengthen Fi3's ability to align private and public markets investments to optimize after-tax returns, while its robust pacing solution enables Fi3 to more thoughtfully build private markets allocations over time that complement public market exposures. 'At Opto, we partner with firms at every stage of their private markets journey, from those just starting out to those with established programs seeking to grow using the right technology,' said Jake Miller, co-founder and chief solutions officer at Opto. 'We look forward to supporting Fi3's growth by streamlining operations and helping them efficiently expand their clients' access to private markets vehicles.' Since its founding in 2013, Fi3's assets have organically increased approximately 36 percent year-over-year. This momentum is underpinned by a comprehensive financial planning approach combined with a family office service model designed to meet the modern needs of today's HNW investors and families. By personalizing the client experience and focusing investment decisions within the context of a total portfolio, Fi3 has been able to achieve rapid growth powered by client referrals. To learn more about Fi3's fiduciary-oriented approach to providing financial planning and investment management services to HNW families, please visit For advisors and investors interested in learning more about how a partnership with Opto Investments can streamline building, fundraising for, and managing private markets programs, please visit About Fi3 Advisors Founded in 2013, Fi3 Advisors ('Fi3') is an independent, fee-only Registered Investment Advisor (RIA) and multi-family office based in Indianapolis, Indiana. Serving as a fiduciary, Fi3 delivers a family-office experience to high-net-worth families by providing comprehensive financial planning and robust investment management services. Fi3 Advisors is an investment advisory firm registered with the Securities and Exchange Commission ('SEC'). SEC registration does not imply a certain level of skill and or expertise. The firm's team of CPAs and CERTIFIED FINANCIAL PLANNER™ practitioners offers personalized solutions encompassing wealth planning, investment consulting, tax strategy, estate planning, and private market access. Fi3's integrated approach ensures clients receive proactive counsel and coordinated strategies tailored to their unique financial goals and family dynamics. For more information, please visit About Opto Investments Opto Investments ('Opto') are engineering the future of private markets, offering the solution for wealth managers to efficiently build and manage differentiated private investment programs. Opto's end-to-end technology solution dramatically streamlines building, fundraising for, and managing a bespoke private markets fund or program, allowing independent investment advisors, family offices, and private banks to scale their offerings without scaling their team. Founded by Joe Lonsdale, the entrepreneur behind Palantir and Addepar, and backed by investors including 8VC and Michael Dell's DFO Management, Opto set out to forge a business free from the faulty legacy incentives on which private markets investing is built. Opto are not compensated by fund managers to offer funds, which enables an undiluted focus on quality. When Opto recommends an investment, it's with purpose. When they pass, it's with conviction. Clients can combine their best ideas with Opto's in a bespoke partnership tailored to their needs. Opto's platform automates admin processes across the entire private markets investment journey, saving advisors hours of time inputting client data, creating compelling proposals, completing subscription documents, managing capital calls, and delivering client communications. For additional information, please visit our website and LinkedIn.
Business Wire
5 days ago
- Business
- Business Wire
The Oasis Group Releases Research Report Analyzing Wealth Platforms
FORT MILL, S.C.--(BUSINESS WIRE)-- The Oasis Group, a leading consultancy for the wealth management industry, recently released a new research report on Wealth Platforms serving the wealth management industry. The comprehensive study evaluates the role of wealth technology platforms in how wealth management firms serve clients and examines 10 of the top platforms serving the wealth management community: Addepar, Advisor360°, AdvisorEngine, Advyzon, d1g1t, Envestnet, Masttro, Orion, Private Wealth Systems, and SS&C Black Diamond. Collectively, these platforms represent over $25 trillion in assets under administration. The wealth platforms that serve wealth management firms are integral to the smooth functioning of investment operations, offering services ranging from account opening, trading, rebalancing, fee billing, unified web-based and mobile app client experience. Share 'Wealth management firms play a crucial role in the investment management landscape, providing tailored financial advice to clients,' said John O'Connell, founder and CEO of The Oasis Group. 'The wealth platforms that serve these wealth management firms are integral to the smooth functioning of investment operations, offering services ranging from digital account opening, trading, rebalancing, fee billing, to a unified web-based and mobile app client experience.' The goal of the Peaks Research for Wealth Platforms, which is the third research report in The Oasis Group's Peaks Research series, is to review the leading wealth management platforms based on The Oasis Group's experience working with Registered Investment Advisor, Broker Dealer, and Family Office firms, with the intent being to educate the wealth management buyer. The study compares each platform based on their observable capabilities across 11 focus areas and scores each platform using a standard scoring method. This in-depth and fact-based analysis provides wealth management firms with a comprehensive analysis of each platform's capabilities that cannot be found elsewhere. Wealth management firms reviewing wealth platform options in the marketplace can use this research to create a short list of providers based on their requirements. In addition to providing in-depth reports on each of the 10 providers, The Oasis Group created a Peaks Perspective Chart, similar to the firm's Peaks Research for Custodian Platforms and Peaks Research for AI Note Takers. The Peaks Perspective Chart for wealth platforms can only be found within the full Peaks Research for Wealth Platforms report. The Peaks Perspective Chart positions each of the 10 wealthtech providers on a scale of Current Product Offering vs. Ability to Execute. The Oasis Group compiled the service provider's self-reported scores to create the Current Product Offering axis. The Ability to Execute axis leveraged a variety of data, including the leadership team's experience in the wealth management industry, the firm's funding, the application's integrations with other applications in the wealth management ecosystem, and the application's ease of use in demonstrations. In addition, each service provider is categorized as a Summiteer, representing the leading firms in the space that other market participants are pursuing, a Mountaineer, which have solid solutions that may lack some of the features of the market leaders, or a Climber, which offer solid products but lack the breadth of features to compete effectively for the business of large or enterprise firms. Full research methodology – including inclusion and exclusion criteria, approach to collecting data, demonstration process, customer reference validation, and evaluation criteria – can be found within the report. The third entry into The Oasis Group's Peaks Research series comes on the heels of the Peaks Research for AI Note Takers, released in April 2025, which evaluates the role of AI Note Takers in the wealth management sector – specifically analyzing their impact on financial advisors and their teams – and provides an in-depth analysis on six leading AI Note Takers serving the wealth management industry. To learn more about the Peaks Research series, please click here. To purchase the full Peaks Research for Wealth Platforms report, please click here. THE OASIS GROUP RELEASES NEW EXPANDED EDITION OF AI WEALTHTECH MAP In 2024, The Oasis Group launched their AI WealthTech Map, an industry-leading resource that financial advisors and wealth management firms can use to find leading artificial intelligence solutions and AI-focused firms serving the financial services industry. As the list expands with every edition, the June 2025 map features a new multipage workbook format that follows the sales cycle of a wealth manager, identifying and categorizing 83 leading firms into three overarching categories: 1. Lead Generation/Sales (prospecting, writing assistants, note takers, proposal generation); 2. Practice Management (AI assistants/co-pilots, next best action, video communication, portfolio creation, investment management and research); and 3. Financial Planning (specialty planning, philanthropy), Back Office (compliance solutions, data aggregation), and Firm Growth (M&A). To access the latest edition of the interactive AI WealthTech Map, please click here. In the 2025 Industry Awards, often referred to as the Wealthies, The Oasis Group CEO John O'Connell was named a finalist for Professional Services Firms CEO of the Year, and The Oasis Group was named a finalist for Industry Research Providers – thanks to the Peaks Research series and AI WealthTech Map. An industry leading awards program, the Wealthies honor the best companies, people, and organizations supporting financial advisor success. A record-breaking number of nominations were submitted for the 11 th Annual Industry Awards – 1,209 entries from more than 400 companies. Nearly 300 organizations were selected as finalists in one or more of the firm or individual categories in this year's awards program, and only 120 companies distinguished themselves with multiple finalist submissions – including The Oasis Group. Winners will be selected by an independent panel of industry judges and announced at the Wealthies Awards Ceremony, which will be held at the Cipriani 42 nd Street in New York City on September 4 th. To learn more and see the full list of finalists, please click here. ABOUT THE OASIS GROUP The Oasis Group is a leading consultancy in the wealth management industry, helping wealth management and financial technology firms create and focus on their unique value proposition to attract advisors and clients, and ultimately generate higher revenue. The Oasis Group offers award-winning consulting services, industry-leading research, and compelling on-demand training for wealth management firms and the service providers who serve the wealth management industry. With extensive leadership experience in both emerging businesses and mature, established organizations, founder John O'Connell and his team are passionate about helping financial services and technology firms solve their most complex technology and sales challenges, helping clients stay focused on their growth, generate more revenue through great sales processes, build fantastic products by understanding the market and competition, and provide amazing service to their customers and clients. To learn more about The Oasis Group, visit
Yahoo
05-06-2025
- Business
- Yahoo
HSBC UK Private Banking Introduces Addepar Platform, Boosts Offerings
HSBC UK Private Banking, a subsidiary of HSBC Holdings PLC HSBC, has adopted the Addepar platform, which is particularly designed for wealth managers. This move comes after its adoption in the US Private Bank, with plans for rollouts in the Channel Islands and Luxembourg later in the year. HSBC UK Private Banking provides services to domestic and global ultra and high net worth clients alongside family Addepar platform offers a superior client reporting experience, handling complex aspects such as alternative investments and account aggregation. It allows relationship managers and investment advisers to smoothly deliver customized, comprehensive performance reports and investment the platform can consolidate performance data for clients with assets managed by other wealth firms, allowing them to view a full picture of their complete investment portfolio in one Boulton, head of Private Banking, HSBC UK, said, 'Addepar's platform will mean that our clients have the best possible insights at their fingertips to manage an increasingly complex financial landscape. Being able to present a client's entire portfolio to them so they have a holistic view of their wealth across multiple currencies and multiple wealth managers will be a big step forward for us.'James Thomson, head of investment counselling, HSBC UK Private Banking, stated, 'As a leader in the alternatives space, with more and more private banking clients wanting to have a proportion of their portfolio in this asset class, Addepar's advanced alternatives reporting capabilities was [sic] an important selling point.' HSBC's move aligns with an increased focus on high-net-worth and ultra-high-net-worth clients. In mainland China, the bank is growing its wealth business through lifestyle-focused centers and acquisitions like Citigroup's retail wealth arm in June 2024, digital upgrades and hiring HSBC has been boosting its presence through initiatives like launching Global Private Banking, acquiring L&T Investment Management, and enhancing Premier Banking. Over the past six months, shares of HSBC have rallied 24.6%, outperforming the industry's growth of 21.6%. Image Source: Zacks Investment Research Currently, HSBC carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Last month, Deutsche Bank DB collaborated with International Business Machines IBM and finaXai, a Singapore-based AI leveraging IBM's innovative technologies, Deutsche Bank aims to streamline workflows, reduce operational costs and improve efficiency across all areas of its business. The transition from legacy systems to IBM's advanced cloud and AI solutions will allow DB to develop a more agile, scalable, and secure technology Citigroup Inc. C unveiled Citi AI, a range of artificial intelligence tools aimed at enhancing internal processes for Hong Kong employees. Citi AI aims to maximize efficiency in operations by offering support in information retrieval, document summarization, and writing electronic communications for employees. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Citigroup Inc. (C) : Free Stock Analysis Report International Business Machines Corporation (IBM) : Free Stock Analysis Report Deutsche Bank Aktiengesellschaft (DB) : Free Stock Analysis Report HSBC Holdings plc (HSBC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
