Company
US provider of portfolio accounting, reporting and CRM technology for registered investment advisers.
Fidelity is giving advisory firms with less than $100 million on its custody platform until June 30 to move their accounts elsewhere. For firms that use Fidelity as their only custodian, the move means months of repapering client accounts, American Banker reported.
Reality
Orion Advisor Solutions is billing wealthtech vendors flat data-access fees of $2,000 to $20,000 a month, Wealth Management reported. Vendors now have to decide whether to absorb that cost or pass it on to the RIAs that buy their software.
Reality
SpaceX put Starship into orbit on its first orbital flight even after one of the upper stage's six Raptor engines shut down early. It sets up the orbital refuelling tests NASA's 2028 moon landing depends on, though those tests and an upper-stage catch are still ahead.
Reality
Anthropic's Claude for Financial Advisors went live with nine wealthtech partners feeding data into it, among them Charles Schwab and BlackRock. Each is now supplying a workflow surface Anthropic controls.
Perspective Coverage
5 publishersReality
Claude for Financial Advisors integrates 11 wealth and asset management platforms, with Schwab Advisor Services the only custodian among them. Advisors who adopt it pay Anthropic for licenses, and Schwab's connectors arrive in the fourth quarter.
Reality