Bobsguide’s Post

News like this doesn’t happen every day. SEI® announced today that it has acquired LifeYield. Together, we’re developing real-time, unified managed household (UMH) capabilities in a cost-effective, fully bundled solution for advisors and firms. Read the announcement to find out what we plan for our future together — and what it could mean for you.

News like this doesn’t happen every day. SEI announced today that it has acquired LifeYield. Together, we’re developing real-time, unified managed household (UMH) capabilities in a cost-effective, fully bundled solution for advisors and firms. Read the announcement to find out what we plan for our future together and what it could mean for you.

BIG NEWS! SEI snaps up tax-efficient rebalancing software provider SEI LifeYield. (As you can see they already updated their LinkedIn profile. Very efficient!) They managed to squeeze in one more M&A deal before the end of 2024. This is a solid pickup by SEI. LifeYield has been one of the industry leaders in tax-efficient rebalancing, and was the first to optimize the decumulation process. Of course, we have been following LifeYield since just after they launched. It is a terrific product that initially filled a valuable gap in retirement planning and has since expanded into a robust product offering. Many of the RIAs we talk to are either using LifeYield already or investigating tax efficient withdrawal strategies. It's a critical component of long-term financial planning. Their largest and oldest client relationship, Morgan Stanley, demonstrates a commitment to improvement and a vote of confidence in their technology. MS certainly has the capability to build a similar product, yet they have rented software from LifeYield for over a decade. I thought their idea of the Taxficient Score was super smart. Creating a new measurement that competitors wouldn't have access to. Also a form of gamification for a complex part of planning that simplifies what could be a confusing concept for clients. Plus, it's a great marketing tool! I was recently talking about how it's about time someone launched a new portfolio rebalancing startup as the number of point solutions have been reduced by recent acquisitions (RedBlack and AdvisorPeak to name a few). Now there's one less! Check out my podcast interview with Mark Hoffman below. Congrats to the entire team at LifeYield and to SEI for a great addition to their product suite.

🌟 Exciting News ➡ Abbove (PaxFamilia) has once again earned a spot on the prestigious #WealthTech100 list by FinTech Global, marking our third year in a row as a leader in transforming the global wealth management industry🌍 Securing a place on this list is an achievement in itself, but being recognized 3 years consecutively underscores our consistent dedication to excellence, innovation, and our commitment to revolutionizing wealth management. This achievement is a clear reflection of our team's hard work, relentless dedication, and innovative spirit 💪 Here's to forging ahead with unwavering innovation and setting new benchmarks in the industry! 💼🚀 #Abbove #Innovation #ExcellenceInWealthManagement #WeealthManagement

VCTA member firm Maven Capital Partners has recently completed four successful exits, achieving returns of up to 5.1x for investors.   Exits across the last month have included a 5.1x return on Maven’s initial investment in MirrorWeb, a Manchester-based digital archiving and surveillance specialist, a 2.85x return from its exit of electronics contract manufacturer CB Technology Ltd, an exit from Edinburgh-based digital commerce platform QikServe, and a partial exit from Novatus Global, a RegTech provider. These exits mark a continued display of VCTs providing investors with strong returns, while simultaneously supporting the UK’s most innovative scale-up companies.    Read more here: https://lnkd.in/eAgrq5-B #investment #vct #exits

Every week, we share a story about how human advice and evolving digital capabilities are charting the future of financial services. Today, we share some news: SEI® has acquired LifeYield. Together, they are developing real-time, unified managed household (UMH) capabilities in a cost-effective, fully bundled solution for advisors and institutions. Read the news release for more details on their future plans. 

Fidelity Investments is targeting smaller RIAs and “breakaway advisors” with new bundled pricing to two of its advisor platforms. The deals, which include their offerings through Advyzon and eMoney, are meant to create a lower pricing point for advisors to onboard. Here’s more from Noni Robinson, CIMA® at Fidelity Investments and John Mackowiak at Advyzon. #wealthtech #RIAs #wealthmanagement

GBST earns its fifth year in the Global WealthTech 100 list: 2023 was a huge year for growth and innovation, says CEO Robert De Dominicis #ukfintech #australianfintech #fintech #fintechnews #finance #technology #tech #technews #financialtechnology #wealthtech100 #wealthmanagement #growth #innovation

Recently formed RISR is moving forward with its new cloud-based platform aimed at helping advisors manage portfolios specifically for business owners. Here’s what RISR’s founder and CEO Jason Early had to say about the new platform, what it costs and where they’re going. #fintech #wealthmanagemnt #SMB #financialadvisors

Are you, as a wealth manager, adapting to ongoing changes in your industry? 💡 From tech stacks that provide more seamless workflows, to continued legislative changes. This recent article from NextWealth discusses how advisers must be prepared to adopt new technologies in order to sustain client relationships, as well as remain competitive. The landscape for wealth is now adapting and advisers need to act fast. At Curious Cat Digital, we understand that these emerging themes must now become a vital part of wealth manager's strategies, in order to stand out in a competitive market. Are you ready to embrace change? https://lnkd.in/eSEBHfv2 #wealthmanagement #financialadvisors #nextwealth