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WealthTech Weekly: May 5, 2023

Welcome to the Wealthtech news highlights of this week. See how leaders in financial services are doing this week.

What’s going on:

  • Range nets $12m for the growth of its AI Wealthtech offering
  • Dynasty Financial Partners starts an investment bank
  • GBST purchases WealthConnect
  • Kidbrooke highlights key Fintech trends of Q1 2023
  • New research predicts the U.S. Fintech market will give way to APAC as the leading one.

Let’s explore them one by one.

Big moves

U.S. wealthtech Range secured $12 million in a round led by Google’s AI-backing venture fund Gradient Ventures. By expanding its engineering teams, the company will be better positioned to grow and speed up its software, taking wealth management for its family clients to a new level.

Read more here.


Dynasty Financial Partners, a leading platform for independent advisors, is launching its own investment bank to independent firms both inside and outside the Dynasty Network that need of independent strategic advice in the wealth and asset management industry.

Dynasty Investment Bank will offer a wide range of services, including expertise in mergers, acquisitions, sales, and divestitures and advice on strategic opportunities like recapitalizations, valuations, and succession planning. 

Read more here.


A leading global Wealthtech provider GBST has acquired digital adviser practice management and CRM system WealthConnect. In this move, GBST taps a complementary solution to its existing SaaS wealth management offerings, including Composer, and expands its client base. GBST also gains access to a growing adviser platform market, entry into new geographic regions, development resources, and a partnership with Salesforce. 

Robert DeDominicis, the global CEO of GBST, said the addition of WealthConnect broadens its suite of cloud-based technology offerings, driving better customer outcomes.

Read more here.


Bird’s eye view

Advice democratization and the expanding compliance outreach remained somewhat shaded in Q1 2023 by all the Chat GPT hype. However, these trends were among the key ones for the period. Learn how they continue to shape the industry.

Read more here.


Boston Consulting Group and QED Investors have debuted a report that deems it possible for APAC to overtake the U.S. title of the top Fintech market by 2030. The Economic Times shares this and other projections for the sector.

Read the full article here.

Next Read: Investment, Budgeting, and Banking: Best Fintech Apps of 2023
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Svietoslava Myloradovych avatar
Svietoslava Myloradovych
Content fairy. Verbing around the brightest moments in Fintech for INSART.
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