10 fintechs selected to demo innovations at upcoming Future Proof Festival

Here are the 10 fintechs that will take part in the inaugural Future Proof FinTechX Demo Drop: Wealthtech Weekly

July 28, 2022 5:10 PM

Ten fintechs will get the opportunity to present their latest breakthroughs to a crowd of thousands this fall at a beach-based wealth management festival with a Grammy Award-winning headliner.

Advisor Circle and Ritholtz Wealth Management have announced the participants of the first Future Proof FinTechX Demo Drop, part of the Future Proof Festival slated to take place Sept. 11-14 on a half mile of Huntington Beach, California, beachfront.

Selected by a committee of industry experts from a pool of more than 100 applicants, Future Proof’s FintechX presenters were graded on creativity, outside-the-box thinking and the ability to create a real impact for attendees of the festival.

The honorees will represent bootstrapped start-ups, new products from established firms and enhancements for widely adopted technologies. Officials said winners all demonstrated to the committee that they are taking novel approaches to chronic issues facing the financial services industry and the investors it serves.

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“I’ve never been more excited about the future of the wealth management industry,” said Matt Middleton, CEO of Advisor Circle. “Those attending the FintechX demos presentations will have a front-row seat to the technologies and trends reshaping our industry.”

Here are the 10 fintechs that will take part in the show.

DFD Partners: an AI-based distribution platform enabling diverse fund managers to scale efficiently.
Entrustody: a new asset custodian platform for financial advisors.
Hubly: A practice management technology platform that allows growing financial advisory firms to deliver a better client experience.
Intellifo’s RedBlack: A portfolio rebalancing and trading platform.
Onramp Invest: A digital asset platform for financial professionals.
Practifi’s Propel: A data analytics platform built specifically for wealth management executives.
Skience’s Surveillance: A highly configurable self-service compliance solution for enterprise wealth management firms.
Venn By Two Sigma: A cloud-based risk analysis tool and workspace solving for the increased demand for digital assets within multi-asset portfolios.
VRGL: Vertical SaaS technology that offers institutional-grade analytics and automated data extraction to help wealth managers accelerate the client acquisition, proposal management and retention processes.
WealthAccess: A unified digital experience platform for enterprise wealth companies and their clients.

“Our inaugural FintechX honorees clearly demonstrated the caliber of their businesses and technologies, re-imagining how our industry will serve clients in the future,” Michael Batnick, managing partner at Ritholtz Wealth Management, said in a statement. “These new tools and services will empower their users to become future-proof.”
In May, it was announced that Future Proof had surpassed 1,000 registered attendees and that hip-hop legend Big Boi from Outkast will perform during the show.

Scroll down to get caught up on more recent fintech news you might have missed in our Wealthtech Weekly recap. And check out last week’s recap here.

Riskalyze appoints 3 new executive leaders

The California-based company that provides portfolio risk assessment software to financial advisors tapped two new hires and a veteran employee to take on three leadership roles at the company.

New hires Craig Clark and Josh Gray will serve as the firm’s chief marketing and chief technology officers, respectively, and Riskalyze’s Justin Boatman has been named chief product officer.

These new appointments follow an investment by Hg Capital, a global investor in software and services, which partnered with the Riskalyze’s management team to recapitalize the firm last year.

The move enabled Riskalyze to accelerate its investment in serving advisors and wealth management enterprises with risk, portfolio analytics, proposal, trading and compliance solutions.

“At every step in a company’s journey, you have to make sure you have the right people in the right seats, and I could not be more thrilled with the caliber of the leadership team we’ve assembled to take Riskalyze and its innovative platform to the next level,” Riskalyze CEO Aaron Klein said in a statement. “With our recent recapitalization by Hg, the launch of Command Center and our expanded leadership team, you can feel an incredible sense of enthusiasm and excitement about our momentum for advisors and enterprises.”

In his role as chief marketing officer, Clark will lead the team responsible for all marketing activities while also developing the firm’s brand positioning and strategic value to the marketplace. Prior to joining Riskalyze, Clark was the chief marketing officer of PDFTron Systems, which was acquired by Thoma Bravo.

As Riskalyze’s chief technology officer, Gray looks to build on Riskalyze’s reputation as a tech leader. Before coming to Riskalyze, Gray was chief technology officer at Apex Clearing.

Boatman, who has spent nearly seven years at the intersection of “product meets market” for Riskalyze, will assume the new role of chief product officer with a mandate to innovate and execute on the company’s product vision.

This week’s executive appointments follow Riskalyze announcing Shari Hensrud as its vice president of risk and analytics and adding Tricia Rothschild to the board of directors at the start of the year.

Riskalyze’s new leaders will share their expertise with clients at the upcoming Fearless Investing Summit from Oct. 19 to 21 in Salt Lake City.

TIFIN Wealth announces strategic partnership with Chalice Network

TIFIN, a fintech platform that uses artificial intelligence and investment-driven personalization to shape investor experiences, has joined forces with a network of more than 60,000 financial advisors.

TIFIN is now a partner to the Chalice Network, a professional network of advisors that provides education, networking and a marketplace of tools at a discount to help financial advisors grow their businesses.

Going forward, TIFIN will provide preferred pricing to Chalice advisors, and the Chalice team will promote TIFIN Wealth's investment personalization and digital marketing capabilities in their network marketplace.

"Keith Gregg and the Chalice Network team have built an amazing community and truly understand the needs of today's independent financial advisors," Jack Swift, president and chief revenue officer of TIFIN, said in a statement. "Our wealthtech solutions are designed to help wealth management firms of all sizes grow and scale their business. This is very much aligned with Chalice's core mission, and we are delighted to have them as our latest strategic partner."

Gregg, founder and CEO of Chalice Network, said he is always excited when the opportunity to extend discounts on products and services that enhance the work of advisors comes around.

"Because our forward-thinking members are eager to embrace new solutions, we anticipate TIFIN's offering will be attractive to our network and affiliates," Gregg said.