OneStream, a leading enterprise finance management platform, has announced the release of four SensibleAI ™ capabilities at its Splash 2025 user conference. These solutions are incorporated into the OneStream platform across planning & forecasting, close & consolidations, and reporting & analytics processes. These tools help finance leaders navigate uncertainty, identify risks, run what-if scenarios, uncover more insights, and drive confident decisions in a shorter amount of time. The developments come after OneStream’s Finance Talent Crunch Survey found that while 89% of finance students have enough experience with AI, only 54% of senior professionals do. SensibleAI delivers embedded tools to help automate manual work and free up time for higher-value analysis and decision-making. SensibleAI Agents are AI-powered chat assistants that retrieve data, perform deep analysis, visualize data, and execute tasks. They are embedded directly into the platform, allowing users to use natural language to gain actionable insights across their data and workflows. SensibleAI Studio is a growing library of 30+ plug-and-play, quantitative, and generative AI routines that enable finance teams to detect anomalies, summarize variances, and optimize system performance. SensibleAI Account Reconciliations automate a critical close process, reducing manual effort and improving compliance.
Betterment to integrate Rowboat Advisors’ portfolio management tech with its custodial platform to enable offering direct indexing, tax optimization, expanded single stock support and personalized investing capabilities to RIAs
Betterment, the largest independent digital investment advisor in the U.S., announced the acquisition of Rowboat Advisors, a leading provider of portfolio management software with advanced capabilities in direct indexing, tax optimization, and personalized investing. The acquisition strengthens Betterment’s technology platform and accelerates its roadmap for delivering sophisticated tools to RIAs through Betterment Advisor Solutions. Rowboat Advisors developed a suite of portfolio optimization software purpose-built for investors seeking greater control, transparency, and tax efficiency. Its solutions will be integrated into Betterment Advisor Solutions, the company’s all-in-one custodial platform for modern RIAs, beginning in the second half of 2025. The deal reflects Betterment’s strategic focus on expanding product capabilities for advisor clients and follows a series of product launches earlier this year, including Solo 401(k) plans and securities-backed lines of credit (SBLOCs). Following the acquisition, Kourtidis will join Betterment’s engineering leadership team as Vice President of Portfolio Management, reporting to Chief Technology Officer John Mileham. Advisors can expect the following portfolio management enhancements this year, as well as direct indexing in 2026:
- Expanded single stock support: Manage portfolios across a wider range of securities, building on Betterment’s growing ETF and mutual fund universe.
- Tools for more control and transparency: Run sophisticated simulations and use critical data to trade portfolios.
- Powerful automation and tax management: Optimize portfolios with enhanced rebalancing, tax-loss harvesting, tax-smart portfolio transitions, asset location and intelligent withdrawals.
UBS is using OpenAI and Synthesia’s AI models to create virtual avatars of its analysts, and turning AI-generated script from the analyst’s reports into a realistic, short-form video; expects to scale 5,000 videos from 1,000 per year now
UBS is using AI models to create video avatars of its analysts to share with clients. Tapping models from OpenAI and Synthesia, UBS has already built virtual versions of around 35 of its 720 analysts, with plans for a wider deployment. The analysts visit a studio where Synthesia captures their likeness and voices. Then, a language model reads the analyst’s reports, generates a script, and turns it into a realistic AI-generated video. The avatars are being deployed to help save analysts time and in response to the rising popularity of short-form videos driven by the likes of TikTok. “There are two drivers for it: the client driver and the efficiency driver…It is helping you scale your video capabilities in a way that clients are asking you for, and ultimately saving you time to do your research and meet with clients,” says Scott Solomon, head, global research technology, UBS. Signing up for an avatar is optional for analysts, while Solomon concedes the technology is not yet perfect, struggling with some accents. However, the bank is looking to ramp up production and put out 5,000 videos a year. “We publish about 50,000 documents a year, [but video production] has been fixed at about 1,000 a year, because that’s basically our studio capacity. But the number of views on those videos has gone up dramatically,” Solomon said.
BlackRock’s Aladdin integrates Passthrough’s digital onboarding—featuring standardized investor questionnaires, automated data collection, and embedded compliance checks—to streamline private market workflows and enhance investor experience on eFront
Passthrough and Aladdin, BlackRock’s technology business, announced a partnership that integrates Passthrough’s digital subscription technology within the eFront platform to offer a unified investor experience. The collaboration enables common clients – from general partners to asset servicers – to digitize their investor onboarding process and deliver scalable investor relations solutions for their clients. Now live, the integration enables eFront users to streamline and automate onboarding and fund closings for their investors. Using Passthrough’s technology, it’s now easier to distribute and execute subscription documents electronically, accelerating subscription workflow and reporting. Over time, the two companies will collaborate further to embed Passthrough’s full onboarding flow – including subscription agreements, tax forms, and AML requests – within eFront’s investor experience. Through this partnership, BlackRock will also leverage Passthrough’s technology to streamline onboarding for clients in its private markets business. Passthrough automates investor onboarding and compliance workflows for private funds. From subscription documents and tax forms to AML and KYC processes, Passthrough eliminates friction for both investors and fund managers. The platform connects directly to CRMs, investor portals, and fund admin systems to provide a seamless, API-first experience across the investor lifecycle.
BNP Paribas Asset Management issues natively tokenized money market fund on the Allfunds private permissioned blockchain for carrying out a cross-border transactions
BNP Paribas Asset Management (BNPP AM) has issued a natively digital share class of a money market fund (MMF) on the Allfunds blockchain. The vast majority of tokenized funds are based on existing funds and tend to tokenize current share classes rather than creating a new natively digital share class. The new shares were then used in a cross-border transaction with a French counterparty. BNP Paribas AM acted as transfer agent and dealing services provider, with Allfunds Blockchain as the technology partner. The appeal of the solution is the efficiencies and the ability to move away from batch subscription and redemption to on-demand transactions based on NAV valuations. Plus, there’s potential for faster settlement once the European Central Bank rolls out its wholesale DLT settlement solution. BNP Paribas took part in the ECB’s wholesale DLT trials last year. Currently there’s significant interest around the potential of tokenized money market funds beyond traditional institutional investors to include crypto-native institutions and retail investors. With this step, BNPP AM is exploring that potential as well. However, the retail-focused solutions tend to be on permissionless blockchains, whereas the Allfunds Blockchain appears to be a private permissioned one.
Silicon Data’s index tracks the hourly cost of renting a GPU by sourcing its pricing data across markets from hyperscalers and neoclouds and normalizing it using factors such as GPU types, platforms and hardware configurations
Silicon Data, a market-intelligence firm that focuses on the cost of GPUs, created what it says is the first daily index to track the specialized chips vital to powering AI. The company’s Silicon Data H100 Rental Index tracks the hourly cost of renting a GPU, according to founder and Chief Executive Officer Carmen Li. “There is zero transparency now for GPU costs,” Li said. “This is the first step, to help market participants gain transparency into the convoluted world of AI costs.” The goal is to turn GPUs into a benchmarked asset class that can be traded like any other financial instrument, Li said. The firm sources its pricing data across markets and technology companies, including so-called hyperscalers and neoclouds, according to Li. The index is normalized based on a variety of factors including GPU types, platforms and hardware configuration. That’s because GPU prices can be affected by a wide range of factors, including their brand, performance metrics, and hardware and software specifications. Silicon Data’s index is also based on historical data. It re-calibrates based on the importance of each factor at the time. The primary users of the index are banks that license and distribute it for internal risk management, hedge funds that license the underlying data, and asset managers or private equity firms that are financing or building out data centers where GPUs are used. Though the index itself can’t be traded yet, it provides a benchmark for traders and others to follow as they would a stock index. It also gives insight into the cost of goods for those building AI products or in need of GPU computing power.
Self-directed IRAs could allow retail investors to benefit from upfront tax deduction, portfolio diversification through access to private market assets, long-term growth potential and protection against inflation
Self-directed individual retirement accounts (IRAs) allow investors to put their retirement savings in private market assets like real estate, private equity, venture capital and crypto. The demand for self-directed IRAs has steadily grown as it has become easier for retail investors to open these accounts and tap into alternative markets. Anticipated major economic shifts will likely accelerate this trend in investor preferences. Investors concerned about the 2025 economic trends could benefit in several ways by opening a self-directed IRA (SDIRA) for their retirement savings. Tax Advantages: An SDIRA offers the same tax benefits as a traditional IRA: tax-deferred growth and an upfront tax deduction on contributions. Investors can tap into alternative markets while saving on taxes. Diversification: Investors reduce risk and the chance of significant losses by adding uncorrelated assets to a portfolio. A self-directed IRA with alternative assets does so by not having all eggs in the traditional market basket. Long-Term Growth: Many alternative investments offer higher growth potential. While these investments require a long-term focus, they can outperform the stock market over time. Inflation Protection: Alternative assets perform especially well when inflation is high. An SDIRA provides this protection for retirement investors. The coming months will force investors to manage inflation, uncertainty and interest rate risk, a painful combination. Fortunately, modern investment strategies and capabilities are up to the task. Through an SDIRA, investors can tap into alternative markets previously only available to high-net-worth individuals. These other assets provide further diversification and are another hedge against economic risks.
Blackstone and Vanguard’s interval fund to expand alt investments access to retail investors by blending low-cost, passive strategies in public markets with high-cost, higher return-yielding private assets
Blackstone, Wellington Management and Vanguard Group this month filed to launch a multi-asset interval fund, called the WVB All Markets Fund, aimed at bringing private markets exposure to a wider base of retail investors. The fund now faces the typical scrutiny of alternative investments that offer investors some exposure to investments that don’t trade on a daily basis and cost more than low-priced exchange-traded funds pegged to stock and bond indices. According to a filing with the Securities and Exchange Commission (SEC) dated May 7, the WVB Fund will be structured as an interval fund – an investment vehicle that allows limited quarterly redemptions of between 5% and one-fourth of the fund’s net asset value. Wellington will act as the fund’s investment advisor. “Vanguard and Blackstone stand at opposite ends of the asset-management spectrum,” noted Jason Kephart and Bridget Hughes, both senior principals for Morningstar, in a research note. “Vanguard champions low-cost, predominantly passive strategies in public markets, while Blackstone leads in private-market investing, offering access to less liquid, often less transparent opportunities that come with the potential for higher returns, albeit at a much steeper cost than Vanguard’s razor-thin fees,” they wrote. There are benefits to such public and private investment partnerships, the Morningstar analysts noted. “For public-market asset managers, partnering with private-markets specialists, rather than acquiring them or building in-house capabilities, offers several advantages,” according to Morningstar. “First, it‘s faster: Partnerships can be negotiated quickly and come with built-in implied credibility. They’re also typically less expensive upfront and help preserve a firm’s culture and identity. Add potential broader distribution benefits from both sides, and the appeal grows stronger. And if things don’t work out, partnerships are easier to unwind than acquisitions.” But, the Morningstar analysts asked, is any such investment partnership greater than the sum of its parts? The ratings agency noted other high-profile investment managers have recently announced similar funds. “The biggest question for investors is whether these high-profile partnerships deserve a place in their portfolios,” they wrote. “Despite the brand-name pedigree of the asset managers involved, most of these strategies are untested.” “Some have only recently launched; others, like the WVB All Markets Fund, won’t debut until late 2025,” according to Kephart and Hughes. “Even the partnerships themselves are new. Their promise of seamless collaboration is more aspiration than a proven advantage.” “What is known is that private assets bring added complexity, reduced liquidity, and higher fees,” they wrote. “Investors must weigh whether the potential benefits of private-market exposure are enough to clear those hurdles.”
Ripple-acquisition crypto prime broker Hidden Road’s new service to allow U.S.-based institutional clients to trade cash-settled OTC swaps across a wide range of prominent digital assets
Crypto prime broker Hidden Road launched a new digital asset swaps prime brokerage offering specifically for the U.S. market. The new service allows U.S.-based institutional clients to trade cash-settled over-the-counter (OTC) swaps across a wide range of prominent digital assets. These transactions will be handled through Hidden Road Partners CIV UK Ltd, the firm’s FCA-regulated entity. In addition to execution, the brokerage will provide cross-margining and financing services, expanding the trading and capital efficiency options available to institutional players. Michael Higgins, Hidden Road’s International CEO and Global Head of Corporate Development, pointed to a persistent gap in the U.S. digital asset market. Hidden Road’s move comes as institutional demand for complex crypto instruments continues to rise. The firm’s entry into the U.S. swaps space signals a broader industry trend toward maturing infrastructure and more sophisticated financial products in crypto markets. Michael Higgins, International CEO and Global Head of Corporate Development for Hidden Road said, “With the launch of our swap prime brokerage capabilities for the United States market, we can provide clients with access to an expanded range of products and solutions. By partnering with Ripple,” he added, “we can immediately solve the supply and demand issue for Hidden Road’s existing clients, expand our capacity to service our pipeline, and continue to scale.”
AI meeting summarization tool Jump AI frees up about 10 hours per week for each advisors
Artificial intelligence-powered offerings in wealth management regularly hammer home one benefit they provide in particular: saved time. “Advisors are saving 10-plus hours per week on average by leveraging AI to streamline their client meeting process,” said Startup Zeplyn CEO Era Jain. “That’s about 500-plus hours per year or 20 new clients they can service per year.” These time savings are primarily spent on business development and relationship building. Solo advisor Kelly Klingaman, founder of Kelly Klingaman Financial Planning, said she wanted to utilize an AI notetaker in her business so she could be more present during client meetings. Having tried out a few AI notetaking tools so far, Klingaman said Fathom is “affordable, easy to use and dynamic” — and it saves her between five and eight hours per week. For Gregory Furer, the founder and CEO of Beratung Advisors, one of the biggest game changers has been the integration of Holistiplan tax planning software. “With AI, we can now analyze a client’s tax return and generate insights in just three minutes — a process that used to take an hour and was prone to human error,” he said. From there, Furer said they create tax modeling for clients in 20 to 30 minutes, compared to the two to three hours it used to take. He said his firm is also leveraging AI within eMoney, its financial planning software, “to instantly calculate the amount of life insurance needed to maintain client-defined success rates and goals.” “This real-time decision support enhances the accuracy and speed of our recommendations,” he said. Like Klingaman, Furer has been utilizing AI for meeting notes; he uses Jump. “As the tool continues to learn our systems and language, it could eventually save five to 10 hours per week of high-value planner time, potentially becoming our most cost-effective AI tool.” Rob Schultz, senior partner and wealth manager at NWF Advisory said he also uses Jump for meeting summarization. “The quality of the notes was significantly better than I ever wrote down during a meeting and it allows me to focus solely on the client in front of me. It saves me time in the post-meeting review, probably 30 minutes per client interaction.” Samuel Flaten, co-founder of Narrow Road Financial Planning said he mainly uses ChatGPT, which he calls a “total game-changer.” In addition to the writing assistance, Flaten said he has also trained a custom GPT with “everything I know as a CFP” to workshop ideas, stress-test strategies and pull in creative alternatives he might not have considered. Across his average weekly schedule of 20 meetings, Schultz said his use of Jump AI frees up about 10 hours. Jain of Zeplyn recommends that firms optimize their scheduling by identifying advisors who successfully use AI to save time, establishing their best practices and training or coaching other advisors.