Product & Service Launches – 10/29/26

Savvy Wealth Launches Private Markets Program for Advisers

Savvy Wealth Inc., an artificial-intelligence-powered registered investment adviser, has launched a proprietary private markets program for independent financial advisers on its platform.

The multi-vintage program will initially focus on a select group of assets from venture and growth managers. Advisers on the Savvy platform will be able to provide a variety of private assets classes to qualified-purchaser clients.

Savvy partnered with Allocate, a $5.8 billion private markets platform, for the program.

Vestmark, Allspring Collaborate on Adviser-Built Model Portfolios

Vestmark Inc., a provider of wealth management technology and services, and Allspring Global Investments, a global asset management firm, have partnered to help registered investment advisers build and implement personalized, tax-aware model portfolios at scale while maintaining control over asset allocation and portfolio construction.

Advisers can incorporate Allspring’s institutional-quality, actively managed solutions alongside other investments within open-architecture portfolios.

Built on Vestmark’s unified managed account infrastructure, the offering provides access to outsourced investment management, trading, rebalancing, tax-aware transitions and ongoing tax management through Vestmark Advisory Solutions and its VAST tax-overlay solution.

Vestmark supported more than $2 trillion in assets and more than five million investor accounts as of June 30. Allspring Global Investments had more than $603 billion in assets under advisement as of September 30.

Envestnet Releases Custom Model Portfolios for RIAs

Envestnet, a wealth technology company, launched its Custom Model Solutions for registered investment advisers and Institutional Partner Models for broker/dealers.

Asset managers participating in the programs include BlackRock, Envestnet PMC, Fidelity Investments and T. Rowe Price. Trading, billing and reporting for the programs will be handled by Envestnet.

Managers may cover all or part of the platform fee and, depending on the program, there may be no tax-overly fee to the RIA. Custom Model Solutions combines advisory firms’ brand and investment preferences with third-party investment management capabilities.

Institutional Partner Models can be offered to select financial professionals within a broker/dealer firm. Each engagement requires its own Envestnet committee review and legal contract.

SEI Introduces Pathfinder Portal for Adviser Planning

SEI has launched SEI Pathfinder Portal, which is expected to help advisers assess their firms’ capabilities, identify opportunities and translate long-term goals into actionable business plans on their terms.

According to the announcement, the solution will help advisers understand their firm’s estimated value, identify key value drivers and evaluate future options. It will also assist in succession planning and help conduct sensitive research.

Healthspan Wealth Launches Early Access to Platform for Advisers

Healthspan Wealth opened early access to an advisory platform designed to follow compliance while moving sensitive medical and financial information among advisers, families and care teams.

The platform can automatically redact and replace protected health information and personally identifiable information and uses multi-agent architecture to transfer information between parts of the platform. Its capabilities include guidance of participants through next steps, visual mapping of households, dependents, healthcare proxies and professional team members and recommendations for decisionmaking.

Jiko, BlackRock Introduce Direct T-Bill Ownership

Jiko, a San Francisco-based national bank, partnered with BlackRock Cachematrix, a cash management portal, to offer a liquid U.S. Treasury bill investment vehicle.

BlackRock Cachematrix users will have the ability to access direct U.S. Treasury bill ownership through the Jiko platform.

Jiko will be among several products available within Cachematrix’s marketplace to meet client demand for low-risk, short-term investments.