Product & Service Launches – 6/25/2026

Betterment at Work Expands Benefits for 401(k) Plan Sponsors, Participants 

Betterment at Work, a 401(k) plan provider, enhanced its 401(k) plan administration tools and expanded its broader financial tools for participants. Updates include a redesigned plan sponsor dashboard with artificial-intelligence-powered benchmarking, mobile contribution improvements and a new OnPay payroll integration. 

The redesigned dashboard centralizes administrative tasks, payroll integration status, action items and support. The AI-powered benchmarking tool compares plan participation and contribution rates to national averages. 

Participants can now manage traditional and Roth deferrals in a single mobile workflow, and eligible participants can receive a 25-basis-point boost to the variable annual percentage yield on cash. 

Fidelity Adds Trump Account Rollovers 

Fidelity Investments announced plans to introduce rollover functionality for Trump Accounts—also known as 530(A) accounts—allowing eligible assets to be transferred into the tax-advantaged retirement accounts for children following final guidance from the Department of the Treasury. The accounts will become part of Fidelity’s broader lineup of savings and investment products designed to help families build long-term financial security.  

According to the firm, the new rollover feature will complement existing offerings such as 529 plans, custodial accounts, Roth IRAs for kids, and youth accounts, giving families another option for saving and investing for future generations. The addition is intended to reflect Fidelity’s continued focus on providing tax-advantaged savings solutions across different life stages.  

Morningstar Partners On Public-Private Model Portfolios 

Morningstar Wealth is partnering with Apollo, Franklin Templeton and J.P. Morgan Asset Management to launch a suite of public-private model portfolios designed to help financial advisers incorporate private market investments into client portfolios. Expected to launch later this year, the portfolios will combine public market strategies with private credit and real estate investments through a single, research-driven framework.  

The offering will include six risk-based portfolios with allocations to private markets through interval funds, alongside ETFs and other public investments. According to Morningstar, the models are intended to simplify implementation by providing manager selection, due diligence and portfolio construction in one solution, while expanding access to private markets for a broader range of investors.  

SEI Unveils AI-Powered Investment Platform 

SEI Investments Co. introduced an enhanced technology platform that combines its SEI Data Cloud with the SEI Scope manager portal to improve operations for public and private market investment managers. The platform is designed to centralize data, automate workflows and provide near real-time analytics to support fund administration and operational decision-making.  

The new capabilities include automated NAV reporting, workflow tracking, AI-enabled insights and expanded automation tools aimed at reducing manual processes. According to SEI, the technology builds on its broader investments in AI and automation to help managers improve efficiency, strengthen oversight and scale their operations.  

StepStone, PitchBook Launch Deal Benchmarking Tool 

StepStone Group L.P. and PitchBook Data Inc. launched SPI Deal Benchmarking, a deal-level analytics solution that integrates StepStone’s institutional private markets performance data into the PitchBook platform. The product provides investors, fund managers and service providers with detailed benchmarking across private equity buyout, venture capital, growth equity and infrastructure investments.  

The platform combines deal-level performance metrics with PitchBook’s research and market intelligence, allowing users to compare investments across sectors, geographies and strategies while maintaining data confidentiality through aggregated and anonymized reporting. According to the companies, the tool is intended to improve underwriting, fundraising and investment analysis.  

Clearwater Launches Private Markets Analytics Platform 

Clearwater Analytics LLC launched Fund Analytics, a private markets intelligence platform that provides institutional investors with performance benchmarking, portfolio monitoring and liquidity forecasting using validated investment data. The product is built on the company’s existing private markets accounting and data validation technology, which supports more than $10 trillion in assets globally.  

Fund Analytics combines standardized performance data, portfolio look-through analysis, document processing and cash-flow forecasting in a single platform. According to Clearwater, the offering is designed to reduce reliance on manual data collection while giving investors more reliable insights into private market performance, exposures and future capital needs.  

State Street Launches Nasdaq-100 ETF 

State Street Investment Management launched the SPDR Portfolio Nasdaq 100 ETF (QNDX), an exchange-traded fund that tracks the Nasdaq-100 Index. The ETF is designed to provide investors with a core allocation to large-cap growth companies and expands the firm’s SPDR Portfolio ETF lineup.  

The fund offers exposure to 100 of the largest nonfinancial companies listed on the Nasdaq Stock Market, including many of the market’s leading technology and consumer businesses. According to State Street, the ETF is intended to serve as a long-term portfolio building block for investors seeking diversified, growth-oriented equity exposure at a low cost.