WealthStack Roundup: Wells Fargo Launches AI Teammate Tool
Wells Fargo has launched AI Teammate, an artificial intelligence-powered capability embedded within the firm’s Advisor Gateway (launched in May) that is meant to help advisors, client associates and support teams access information and complete everyday work and administrative tasks.
The tool will be available to financial advisors across all Wealth & Investment Management advisor channels, including independent advisors who are part of Wells Fargo Advisors Financial Network.
“We are making significant investments in AI and technology to empower advisors, grow client relationships and gain market share,” said Sol Gindi, head of the WIM Client Relationship Group and Wells Fargo Advisors.
AI Teammate introduces a chat-based experience that enables users to ask questions in plain language, retrieve answers quickly and take action.
In its initial phase, AI Teammate helps teams search and summarize information from the firm’s core resource center to find answers faster with plain-language search. It quickly summarizes product and process information, moves work forward with guided workflows and allows advisors to spend less time navigating multiple pages, according to the company.
Over time, capabilities will be expanded to help advisors uncover new opportunities, prepare for client conversations with personalized insights and focus on actions that can strengthen client relationships and support practice growth, according to the company.
Envestnet Launches Research-Approved Interval Funds List
Envestnet has released its first list of research-approved interval funds that have completed the firm’s due diligence process by the manager research team at Envestnet PMC, expanding the company’s alternative investment capabilities.
The interval funds are available through Envestnet’s Unified Managed Account platform, where the firm’s manager research team covers and selectively expands an approved list of interval funds, just as it does for separately managed accounts, mutual funds, exchange traded funds and fund strategist portfolios, according to the company.
“Interval funds are a relatively new investment vehicle wrapper, and advisors and investors placing money into these products for private markets exposure understandably need assurances that everything looks good, and that risks or concerns are addressed,” said Todd Rais, head of investment products and services at Envestnet, in a statement.
Envestnet first announced the accessibility of interval funds through its UMA platform in March 2026.
The firm provides account administration, trading, rebalancing and tax management capabilities.
“It’s important you invest with the right manager if you’re going to invest in private markets, but most interval funds have short track records,” said Dana D’Auria, co-chief investment officer and group president at Envestnet Solutions.
Additional information can be accessed via Envestnet’s Alternatives Research Center.
In June, SUBSCRIBE, a fintech that provides an enterprise operating system for alternative investments, announced a strategic partnership with Envestnet meant to allow advisors to incorporate alternative investments made through SUBSCRIBE’s Altscape Marketplace within Envestnet’s UMA and Tamarac platforms.
Vanilla Launches Concierge Service for Estate Planning Support
Vanilla, the estate planning platform for wealth management firms, launched Vanilla Concierge, providing advisors with direct access to the company’s team of trust and estate professionals.
The service’s first category is Abstraction Services, which includes document abstraction work that Vanilla’s in-house team has performed since 2019, now expanded to include guided sessions where the firm walks an advisor through a client’s plan and multi-session training for practices building their own profiles.
“Advisors have always been able to call on our team, not just our software,” said Gene Farrell, chief executive officer of Vanilla. “Vanilla Concierge gives that a name and makes it easier to access. As more firms bring us more complex work, we’re building out the ways we can provide them with the support they need.”
Julia Santullano, director of abstraction services at Vanilla, leads the work, bringing more than two decades of trust and estate experience, including over 10 years as a practicing attorney and five years directing estate and tax planning for a national broker/dealer’s advanced planning team.
According to the company, Vanilla employs a team of more than 15 trust and estate professionals, including 10 non-practicing attorneys.
Vanilla Concierge is available to all Vanilla subscribers as an added service.
Vanilla was launched in 2019 by long-time advisor Steve Lockshin and has to date raised more than $80 million in funding, with the latest $35 million being an extension of its Series B round in late 2024.
BondWave Expands Trade Oversight Capabilities in Effi Platform
BondWave LLC released an updated version of its Effi platform that adds 14 configurable attributes to its Trade Oversight module and enhances its Transaction Quality Analysis capabilities, according to the company.
The company, which focuses on fixed income technology, now offers 23 total configurable reviews that firms can customize, including new attributes for Execution Yield, Base Price, Minimum Denomination, Increments, Muni Limited Offering, De Minimis and Sales Credit/Markup Variance.
“Fixed income compliance and trading teams are under constant pressure to do more with greater precision,” “With this release, we’re giving our clients deeper, more configurable tools to oversee trade activity along with richer insight into execution quality, helping teams pinpoint the exceptions that matter and better understand what’s driving their trading costs,” said Michael Ruvo, chief executive officer of BondWave, in a statement.
The new attributes can generate exceptions for internal review and resolution, according to the company.
Entitled users can now view trade information directly from their trade file, searchable by security ID and date.
The Transaction Quality Analysis solution now allows users to break out transaction cost and quality by side of the market.
The platform also upgraded to .NET 10 and expanded right-click context menu functionality across all pages.
SmartRIA Launches AI-Powered Communications Archiving Tool
Cloud-based compliance management platform SmartRIA has launched SmartArchive, an AI-powered digital communications archiving and surveillance capability that allows registered investment advisors and independent broker/dealers to capture, monitor and review business communications across multiple channels from a single platform.
SmartArchive is the third addition to SmartRIA’s AI-powered compliance suite, joining SmartReview and SmartAssist, both introduced earlier this year.
The new product is built on technology licensed from Presults, a specialized archiving technology provider and competitor.
Specifically, SmartArchive enables firms to archive text messages, social media messages, emails and websites from one centralized system.
Founded in 2015, the company has raised two rounds of seed funding from MarketCounsel and Dynasty Financial Partners in 2021 and 2023.
