WealthStack roundup: Bill Crager's ialta acquires Precept. The private markets startup makes another acquisition, with more news from OneVest, Jump, DeepVest and Advisor CRM. Davis Janowski, Senior Technology Editor, Wealth Management May 1, 2026 iAltA Founding Partner Bill Crager iAltA Holdings acquires wealth technology platform Precept. iAltA Holdings, the private markets infrastructure company, has acquired Precept, a wealth technology platform providing real-time system integrations for fintech and wealth management providers. "Precept solves one of the most persistent constraints in wealthtech: slow, expensive and brittle integrations," said Bill Crager, who joined iAltA as a founding partner in October, a year after he stepped down from his role as CEO of Envestnet. It's the second acquisition for iAltA's Wealth vertical, following its January purchase of BridgeFT. "By combining BridgeFT's market leadership and Precept's innovations, iAltA is in a strong position to unify the infrastructure that underpins public and private markets," Crager said. Precept's AI-powered platform allows product and engineering teams to access and deploy integrations across custodians, clearing firms, TAMPs, CRMs, portfolio management systems, analytics platforms and data providers in real-time without engineering support, according to the company. In a nutshell, the platform uses standardized Portable Data Mapping files that can be read, validated and shared, along with an AI agent that generates new integrations in real time using existing resources such as API documentation, according to the company. Launched in May 2025 with backing from Laurence Tosi's WestCap, iAltA Holdings has also acquired Verivend, Betterfront and Delio for its Private Markets vertical. Jump partners with Markel, Joseph Caruso & Associates to offer AI technology and insurance to Financial Advisors. Advisor AI provider Jump has partnered with Markel, a specialty insurer, and Joseph Caruso & Associates to expand access to AI-powered technology and insurance solutions for advisory firms. The collaboration will provide eligible firms with education, resources, risk-management support and access to insurance solutions offered by Markel and placed through Joseph Caruso & Associates as broker of record, subject to underwriting and applicable law. The collaboration combines Jump's automation capabilities with Markel's underwriting experience and Joseph Caruso & Associates' brokerage specialization to help firms reduce operational friction while ensuring risk management strategies keep pace with innovation, the companies said. The collaboration will include access to Errors & Omissions insurance solutions for advisory firms that use Jump, according to the announcement. It is already shaping up to be a busy year for Jump, which launched what it calls its AI Operating System for Advisors at the annual T3 conference in March. That launch comprises three products - Meet, Grow and Operate - built on a unified platform designed to manage client lifecycles. In February, Jump announced it had raised another $80 million in capital in a Series B funding round. The companies will host a webinar on May 11 at 1 p.m. ET to provide additional information about the new insurance collaboration. OneVest launches MCP Server for AI integration with Wealth Management workflows. The wealth technology platform provider OneVest, which considers its platform AI infrastructure, has launched another component in the continued buildout and expansion of its technology: its own iteration of a model context protocol server. MCP is an open-source standard that provides a universal, secure way for AI models and assistants to connect to external data sources, applications and tools. Simply put, OneVest's MCP Server enables wealth management firms to connect AI tools directly to live client data, portfolio positions and pipeline activity. The MCP server extends OneVest's Agentic Wealth OS (which officially launched in March) by allowing advisors to interact with their book of business through natural language in AI tools, including Anthropic's Claude and Cursor, according to the company. "The Agentic Wealth OS was built to eliminate the manual labor tax on advisors and operations teams," wrote Jakob Pizzera, chief operating officer of OneVest, in a prepared statement. "Now the AI our clients use every day, whatever tool that is, connects directly to live data and executes real wealth management work." The server provides authenticated access to CRM functions, allowing AI agents to query and update client records, contacts, accounts, positions and transactions in real time, according to the company. Each MCP session is scoped to individual users and firms with no cross-firm data access, according to OneVest. The open-standard integration works with any MCP-compatible AI tool and is intended to allow firms to avoid vendor lock-in. Along with the launch of its wealth OS in March, the company announced a strategic partnership with Merit Financial Advisors. DeepVest launches AI Tools for portfolio personalization. AI-powered investment platform DeepVest has launched two capabilities - Advisor Hierarchy and Behavioral Investment Suitability Analysis - to enable financial advisors to deliver personalized, context-aware portfolio analysis at scale. The features, built within DeepVest's AdvisorLab tool, allow advisors to structure client relationships across households, companies and trusts while incorporating behavioral risk insights into portfolio diagnostics and client proposals, according to the company. "DeepVest's mission is to give financial advisors the same analytical capabilities as institutional investment teams, without hallucination risk or manual data work," said Toby Wade, chief executive officer at DeepVest. Advisor Hierarchy is intended to allow client data and meeting notes to automatically roll up into a single view, incorporating objectives, constraints and life events without manual re-entry. Behavioral Investment Suitability Analysis is a 22-question psychometric risk tool grounded in Prospect Theory that calibrates questions to a client's actual portfolio value rather than abstract percentages, according to DeepVest. The tool generates five risk scores - Risk Tolerance, Capacity, Composure, Revealed Risk and Model Portfolio - and flags inconsistencies between stated preferences and actual holdings. Advisor CRM launches AI assistant with multi-platform integration. Advisor CRM, the Nashville, Tenn.-based CRM platform for RIAs, has launched Beacon, an AI assistant integrated with ChatGPT, Perplexity, Gemini and Claude that produces client-ready documents using advisor data without requiring separate subscriptions to the large language models. The tool, according to the company, addresses security concerns advisors face when copying sensitive information into public AI platforms by embedding AI functionality directly within the CRM's existing workflow and security infrastructure. Beacon generates client-ready PDFs, presentations, reports and communications customized to each advisor's brand and tone, the company said. The tool routes requests to different AI models and evaluates results without advisors needing to manually search for information, according to Leibel Sternbach, partner and chief technology officer of Advisor CRM. "Instead of the old method of searching manually, Beacon guides advisors to the information they need quickly and accurately, transforming their data from a static list into actionable deliverables," said Sternbach. In February, Advisor CRM announced the limited beta of Trove, an AI-native opportunity discovery platform for wealth management firms (it remains in testing). According to the company, Beacon will be connected to Trove in the coming months, though continued access Trove to trove will start at $89 per month. And in September 2025, the provider rolled out an AI-driven email assistant add-on for $59 per month, supporting up to 5 users. The company said that Beacon and the LLMs do not retain or use any data for training purposes. Senior Technology Editor, Wealth Management Davis Janowski is a New York-based technology journalist whose work spans consumer, business and the FinTech sectors. Prior to his six years with WM, Janowski worked for Forrester Research as an analyst covering Digital Wealth Management. In edition, he has worked for two FinTech startups, Wealthfront and New York-based FeeX, Inc. (now Pontera). His work covering the advisor tech space began in 2007 when he joined InvestmentNews as the advisor industry's first dedicated technology reporter. His start in tech journalism began as an editor with PC Magazine in 1999 where he later served as an analyst and reviewer. His work has appeared in The New York Times, Wealth Management., Financial Planning, RIABiz, InvestmentNews, PC Magazine, numerous blogs and several books, including Technology Tools for Today's High Margin Practice. He has also been a speaker and moderator at numerous industry conferences. Outside his day-to-day he is a senior guide for Manhattan Kayak Company in New York City.

OneVest, Mackenzie team up to power next-gen digital portals. OneVest has partnered with Mackenzie Investments to roll out new digital client and advisor portals, marking a significant step in the asset manager's broader platform modernization strategy. Under the agreement, Mackenzie will deploy OneVest's wealth management operating system to support a next-generation digital experience designed to streamline workflows and enhance engagement across its network of more than 40,000 financial advisors and their clients. The rollout is expected later this year. Mackenzie selected OneVest's platform for its configurable, white-labeled interface, aimed at reducing administrative friction while enabling advisors to deliver more personalized client experiences at scale. "Our technology doesn't force firms to change their business; it provides the flexible engine needed to accelerate it," said Amar Ahluwalia, CEO of OneVest. "By supporting Mackenzie's new digital experiences, we're providing the high-velocity infrastructure they need to deliver a refined, state-of-the-art experience for their clients." The collaboration will focus on several core capabilities, including next-generation digital portals, modular enterprise flexibility and a high-velocity data architecture designed to support real-time insights and scalability. "Delivering a seamless, high-quality experience for advisors and investors is central to our strategy," said Luke Gould, President and CEO of Mackenzie Investments. "As we continue to modernize our platforms, data, and service model, we are investing in flexible, scalable technology that enables us to move with greater speed and precision." Inside the story. About Joe Palmisano. Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

WealthTech safari mar 13, 2026. Your guided tour of the interesting events in WealthTech for the week. Robinhood's $658 million private markets fund for retail investors goes public * Robinhood Markets has listed its flagship venture fund on the NYSE, allowing non-accredited retail investors to trade shares of pre-IPO technology companies like Databricks and Stripe. * The move demonstrates a significant shift in democratizing institutional-grade alternative investments through mass-market distribution and a traditional closed-end fund structure. Knote: On paper, this is a fine idea. But I don't think a closed-end fund structure is the best way to trade illiquid securities and I'm not a huge fan of the way this was marketed. Still, it shows the power of mass distribution encountering demand for alternatives, for good or evil, as $650 million is not a shabby figure to raise on light analysis and market chaos. However, it is possible that at least some of those purchases were based on the trust of the Robinhood brand, which may be on probation at the moment since the investment declined 16% on the first day. Granted, there were market forces at play, but they may need to wait a bit for their next effort. Fidelity(R) Q4 2025 Retirement Analysis: Average Annual 401(k) Account Balances Increase by Double Digits for Third Year in a Row * Average 401(k) balances reached a record $146,400 at the end of 2025, driven by steady savings rates and double-digit annual growth across multiple account types. * The surge in million-dollar retirement accounts and high Gen Z engagement highlights a massive opportunity for advisors to capture the accelerating rollover market. Knote: With more people turning 65 in the US this year than ever has done, growth-minded advisors should triple-down on the 401k rollover market or Fidelity will have all the fun. OneVest and Merit Financial Advisors Forge Strategic Partnership to Fuel Next-Gen Growth and Advisor Innovation * OneVest and Merit Financial Advisors have partnered to create a unified operating model designed to streamline the acquisition and onboarding of 15 advisory firms in 2026. * This alliance underscores the critical role of agile technological architecture in executing successful RIA rollup strategies by eliminating manual labor and data fragmentation. Knote: One look at Farther and even the least imaginative realize that technology is a big factor in the growth of RIA rollup platforms. This is just Merit being smart and intentional around its growth goals this year after doubling assets last year. The AI pension advisers are already here * A significant portion of UK adults are now using generative AI platforms for financial advice, prompting warnings from regulators regarding data accuracy and "hallucinations." * While AI offers accessible scenario planning, wealth managers emphasize that current models lack the deep reasoning and tax-specific nuances required for full advisory replacement. Knote: At least WealthTech Strategy Partners LLC know that the AI scare is hitting the UK as well. I will point out that, in the article, they cite a study by "Which?" where they "Put leading AI platforms to the test on personal finance." Perplexity was ranked the highest for "accuracy" but they only scored 73%. I'm not sure what that score is exactly, but if it means 27% of what you get back is not accurate, I would consider that a problem. ChatGPT, the most popular platform for financial advice according to the FT, had an accuracy rating of 65%. I hope I am misinterpreting that stat and look forward to being corrected. U.S. Bank's RIA Arm Launches Service for Mass Affluent Clients * U.S. Bancorp Advisors is launching a wealth management suite with a $25,000 minimum to transition retail banking customers into managed investment relationships. * This initiative reflects a broader industry trend of major banks scaling professional advice to mid-tier clients to capture emerging wealth and build long-term loyalty. Knote: If you want to capture Millennials, self-directed trading seems like a good way to go. Trading, investing, and banking all in one app can be an attractive package for folks who like to control their financial lives (and all other aspects of their lives) through one app. If you capture them now, you have a chance to keep them later. That's how Schwab got started. WealthStream Launches Advice Intelligence Platform to Develop and Retain the Next Generation of Advisors * WealthStream debuted an AI-native advice intelligence platform at T3 designed to standardize expert-level planning and provide advisors with digital paraplanner capabilities. * By integrating specialist AI agents into existing tech stacks, the platform aims to supplement emerging advisor expertise and ensure consistent quality across organizations. Knote: WealthStream is taking the approach of partnering with the advisor vs replacing. As WealthTech Strategy Partners LLC (hopefully) bring new advisors into the ecosystem to replace retiring advisors, having a dedicated digital paraplanner can go a long way to supplementing emerging expertise and standardizing quality of care across an organization. AdvisorEngine Portfolio Solutions re-imagines TAMP experience to deliver a fully-connected practice platform * AdvisorEngine Portfolio Solutions has launched a unified TAMP that integrates a marketplace of 1,500 strategies directly into its wealth management technology ecosystem. * The platform enables RIAs to scale through automated onboarding and tax-smart investing while allowing them to maintain personalized investment approaches for high-net-worth clients. Knote: This is just plain smart. TAMPs are a great business about to get even better when they become the gatekeepers for alternatives distribution into the wealth channel. And, if Orion is anything of an indication, advisors appreciate having their models tightly integrated into their advisorOS.