AssetMark has begun to offer its advisors the ability to incorporate a number of philanthropic services as a result of a collaboration with AI wealth platform TIFIN .

With this new relationship , Concord , Calif . -based AssetMark can offer TIFIN Give to its advisors through its main platform . TIFIN Give , an AI-powered turnkey philanthropy platform , gives advisors access to education , a donor-advised-fund opening process , as well as a grant-making section .

AssetMark ’ s integration of TIFIN Give will give advisors seamless access to philanthropic services along with other tools . It will be easier for advisors to set up and manage charitable donations across generations , the firm said .

Dimensional Launches First-Ever Unified Managed Account

Austin , Texas-based Dimensional Fund Advisors has introduced its first-ever unified managed account ( UMA ) platform to grant financial advisors access to a variety of different investment vehicles , including its separately managed accounts and exchange-traded funds .

A unified managed account differs from a separately managed account in that the latter holds only securities while a UMA can hold different types of investment vehicles .

The Dimensional Fund Advisors unified managed account includes nine of the firm ’ s separately managed accounts as well as 38 Dimensional ETFs and more than 1,000 non-Dimensional ETFs . It will provide integrated , multifaceted tax management and operational efficiency and can help advisors build personalized asset allocations . It rebalances daily to return to the initial target allocation , the firm says .

Advisor360 ° Launches New Bulk Onboarding Capabilities

Wealth management fintech company Advisor360 °, based in Weston , Mass ., has introduced its newest digital onboarding service , Account Transitions . It will reduce the time it takes to repaper thousands of client accounts , helping advisors in transition .

Advisors repaper their clients when a significant change occurs , such as when the advisor switches firms or there is a major regulatory change .

Account Transitions speeds up the process it takes to collect and transfer client information during the onboarding process . It will help support the setup of up to 6,000 accounts in 90 seconds , according to the firm .

The new system collects and standardizes client and account data while detecting errors automatically . It also creates contacts for the customer relationship management program and drafts new account information .

Oasis Group Publishes AI Map For Advisors

The Oasis Group , a Monroe Township , N . J . -based consultant , has published an “ AI WealthTech Map ” that identifies 55 technology firms advisors can use throughout the life of a client relationship .

Interest in artificial intelligence is on the rise among advisors and many want to utilize it but don ’ t know how best to begin . The map highlights artificial intelligence solutions and AI-focused firms that work with the wealth management industry , the firm said .

It provides solutions for prospecting , note-taking , proposal generation , AI assistants , investment research and compliance solutions . It lays out the tools advisors need to convert leads into clients quickly .

The Oasis Group will regularly update the map to reflect the latest list of tech companies , the firm said .

Advyzon Partners With FINIAT To Help Advisors

Advyzon Investment Management , a Chicago-based turnkey asset management program , has forged a partnership with wealth management software provider FIN- IAT to provide advisors with turnkey trading for their client ’ s portfolios .

FINIAT will integrate its solutions with Advyzon ’ s trading abilities to offer advisors several benefits , including the ability to automate and personalize the portfolio management for each client , according to the firms .

Advisors will also have access to an intricate portfolio management solution that will consolidate the investment strategies and aim to improve the outcome for investors , the firms said .

The partnership is meant to help advisors scale their businesses , prioritizing client interactions while the system handles portfolio maintenance , the firms said .

Smarsh Launches Communication Capture Tool For ChatGPT Enterprise

Smarsh , a Portland , Ore . -based technology firm that captures and retains communications , has announced a partnership with OpenAI to bring its capture technology to ChatGPT Enterprise .

ChatGPT Enterprise is the business version of OpenAI ’ s ChatGPT , focusing on areas of interest to businesses . The communication between firms and ChatGPT Enterprise could be considered outside communication . Regulators do not require firms to monitor and maintain records of those conversations , but many believe they eventually will .

Advisors want to get ahead of that and put a system in place now to begin capturing and securing those communications , according to the firm . To accommodate them , Smarsh ’ s partnership with OpenAI will allow it to begin offering that communication technology service for those firms that use ChatGPT Enterprise .

14 | FINANCIAL ADVISOR MAGAZINE | SEPTEMBER 2024 WWW . FA-MAG . COM