WealthTech Weekly: December 30, 2022

The last release of 2022

A premier wealth management platform Addepar has dropped a couple of improvements to its platform amid the holidays. Now the users can better track performance, utilize individual table and chart filters in Analysis views, and get fresh Investor Sentiment Index data. The updates will help Addepar clients take advantage of data-driven investing and advice. 

Read more here. 

Top Wealthtech achievers of 2022

The biggest funding round of the year

This February, international wealth management platform FNZ netted $1.4 billion to fuel its expansion plans.

Read more here.

The most awarded Wealthtech company

DriveWealth, a pioneer of embedded investing, has received immense recognition this year. Among its backers this year are Deloitte, CB Insights, and Forbes. The company’s rapid growth and innovativeness may point to a new Wealthtech premier league player.

Read more here.

Next read:  See how Fintech changed in 2022.
→ Read the roundup

The most active companies 

Addepar, FNZ, and Docupace have been one of the most actively developing and expanding companies in the Wealthtech market this year.

While Docupace grew its team of executives, integrated with Envestnet, and launched a Productivity suite for RIAs, FNZ acquired DIAMOS and New Access and scooped the largest funding sum, as I mentioned before. Addepar opened a new office in the U.K. and partnered with UBS and HSBC U.S. Private Banking.

The outlook for 2023

• Wealth management will be one of the main areas of disruption in 2023. 
• Continuous scanning of the job market for talent can help Wealthtechs gain a competitive edge amid the economic slumps.
• The rise of mobile and artificial intelligence will define financial advice in the next years.
• We see more tech options to achieve tax alpha and optimize retirement amid inflation, and the number will rise.

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