Hardware and software

The wealth manager recently introduced monthly fees. But, it's not for everyone.

The deal combines two giants: the leading financial planning provider by market share with the leading TAMP by client assets.

The transaction means the TAMP will own software that serves tens of thousands of financial advisors.

An example of outdated industry practices, says the chief product officer, is how some brokers still need a canceled check from a client to transfer money.

Industry veterans and newcomers provide insight on the year’s leading challenges in regulations, technology and operations.

The move comes as competitors cut prices to entice RIAs to leave the platform.

The firm expects to add $10 million in revenue once the deal closes later this year.

The new standalone firm’s first licensing agreement would bring MassMutual’s 9,000 reps on to the platform developed by the No. 4 IBD.

If advisors aren’t present in their clients’ phones, warns the head of the RIA services platform, "they are going to become irrelevant."

Are these companies really able to disrupt the current market? And which tech giant is closer to customers?