Welcome to the June 2026 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors!
This month’s edition kicks off with the news that Altruist is planning to launch a corporate RIA for advisors who want some level of compliance and technology support while remaining functionally independent – which is a first for a major RIA custodian that isn’t in the business of actually being an RIA, but may make sense given that the economics of RIA custody are so favorable compared to technology and services that the corporate RIA doesn’t actually have to be that profitable as long as it can draw a significant amount of advisors (and their client assets) onto Altruist’s custody platform?
From there, the latest highlights also feature a number of other interesting advisor technology announcements, including:
Flourish has debuted a platform where advisory clients can compare and obtain mortgages – and by eliminating some layers of costs, is actually able to offer better interest rates than can normally be found on the retail market, creating an opportunity for advisors to add tangible value for clients in a planning area they don’t often focus on
TaxStatus has announced a new embedded tax planning function, powered Advice.ai, which generates planning recommendations based on the client’s tax data piped directly from the IRS – marking one of TaxStatus’s first ventures into forward-looking planning (ironically at the same time as many similar features are rising up to compete with the longtime market leader Holistiplan)
RISR, which makes software for advisors who work with business owner clients to help them grow and protect the value of their business, has released a new AI document analysis tool to expedite review of business tax forms and buy-sell agreements – showing how the use cases for AI document analysis are starting to trickle down from broad-based applications like review of personal tax returns and investment statements into more niche client types
Read the analysis about these announcements in this month’s column, and a discussion of more trends in advisor technology, including:
A new survey of high-net-worth investors suggests that although clients feel neutral to positive about whether or not their advisors use AI in general, they are more wary about specific use cases that get in the way of the client-advisor relationship (such as AI-generated recommendations and client communication), and strongly disapprove of advisors not disclosing their use of AI
Despite many claims that expanded access to inexpensive ‘vibe coding’ tools will collapse the AdvisorTech landscape as advisors drop their software subscriptions in favor of custom homemade solutions, the reality is that the number of technology options is increasing even faster than before – because in reality, advisors don’t want to build their own software, but the lower bar to building and developing technology means that a greater number of narrower-purpose point solutions are starting to emerge, solving problems for advisors that previously didn’t have a large enough market to support a dedicated tech solution
And be certain to read to the end, where we have provided an update to our popular “Financial AdvisorTech Solutions Map” (and also added the changes to our AdvisorTech Directory) as well!
*To submit a request for inclusion or updates on the Financial Advisor FinTech Solutions Map and AdvisorTech Directory, please share information on the solution at the AdvisorTech Map submission form.
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