iAltA Holdings Acquires Wealth Technology Platform Precept
iAltA Holdings, the private markets infrastructure company, has acquired Precept, a wealth technology platform providing real-time system integrations for fintech and wealth management providers.
“Precept solves one of the most persistent constraints in wealthtech: slow, expensive and brittle integrations,” said Bill Crager, who joined iAltA as a founding partner in October, a year after he stepped down from his role as CEO of Envestnet.
It’s the second acquisition for iAltA’s Wealth vertical, following its January purchase of BridgeFT.
“By combining BridgeFT’s market leadership and Precept’s innovations, iAltA is in a strong position to unify the infrastructure that underpins public and private markets,” Crager said.
Precept’s AI-powered platform allows product and engineering teams to access and deploy integrations across custodians, clearing firms, TAMPs, CRMs, portfolio management systems, analytics platforms and data providers in real-time without engineering support, according to the company.
In a nutshell, the platform uses standardized Portable Data Mapping files that can be read, validated and shared, along with an AI agent that generates new integrations in real time using existing resources such as API documentation, according to the company.
Launched in May 2025 with backing from Laurence Tosi’s WestCap, iAltA Holdings has also acquired Verivend, Betterfront and Delio for its Private Markets vertical.
Jump Partners with Markel, Joseph Caruso & Associates to Offer AI Technology and Insurance to Financial Advisors
Advisor AI provider Jump has partnered with Markel, a specialty insurer, and Joseph Caruso & Associates to expand access to AI-powered technology and insurance solutions for advisory firms.
The collaboration will provide eligible firms with education, resources, risk-management support and access to insurance solutions offered by Markel and placed through Joseph Caruso & Associates as broker of record, subject to underwriting and applicable law.
The collaboration combines Jump’s automation capabilities with Markel’s underwriting experience and Joseph Caruso & Associates’ brokerage specialization to help firms reduce operational friction while ensuring risk management strategies keep pace with innovation, the companies said.
The collaboration will include access to Errors & Omissions insurance solutions for advisory firms that use Jump, according to the announcement.
It is already shaping up to be a busy year for Jump, which launched what it calls its AI Operating System for Advisors at the annual T3 conference in March. That launch comprises three products—Meet, Grow and Operate—built on a unified platform designed to manage client lifecycles. In February, Jump announced it had raised another $80 million in capital in a Series B funding round.
The companies will host a webinar on May 11 at 1 p.m. ET to provide additional information about the new insurance collaboration.
OneVest Launches MCP Server for AI Integration with Wealth Management Workflows
The wealth technology platform provider OneVest, which considers its platform AI infrastructure, has launched another component in the continued buildout and expansion of its technology: its own iteration of a model context protocol server. MCP is an open-source standard that provides a universal, secure way for AI models and assistants to connect to external data sources, applications and tools.
Simply put, OneVest’s MCP Server enables wealth management firms to connect AI tools directly to live client data, portfolio positions and pipeline activity.
The MCP server extends OneVest’s Agentic Wealth OS (which officially launched in March) by allowing advisors to interact with their book of business through natural language in AI tools, including Anthropic’s Claude and Cursor, according to the company.
“The Agentic Wealth OS was built to eliminate the manual labor tax on advisors and operations teams,” wrote Jakob Pizzera, chief operating officer of OneVest, in a prepared statement. “Now the AI our clients use every day, whatever tool that is, connects directly to live data and executes real wealth management work.”
The server provides authenticated access to CRM functions, allowing AI agents to query and update client records, contacts, accounts, positions and transactions in real time, according to the company.
Each MCP session is scoped to individual users and firms with no cross-firm data access, according to OneVest.
The open-standard integration works with any MCP-compatible AI tool and is intended to allow firms to avoid vendor lock-in.
Along with the launch of its wealth OS in March, the company announced a strategic partnership with Merit Financial Advisors.
DeepVest Launches AI Tools for Portfolio Personalization
AI-powered investment platform DeepVest has launched two capabilities—Advisor Hierarchy and Behavioral Investment Suitability Analysis—to enable financial advisors to deliver personalized, context-aware portfolio analysis at scale.
The features, built within DeepVest’s AdvisorLab tool, allow advisors to structure client relationships across households, companies and trusts while incorporating behavioral risk insights into portfolio diagnostics and client proposals, according to the company.
“DeepVest’s mission is to give financial advisors the same analytical capabilities as institutional investment teams, without hallucination risk or manual data work,” said Toby Wade, chief executive officer at DeepVest.
Advisor Hierarchy is intended to allow client data and meeting notes to automatically roll up into a single view, incorporating objectives, constraints and life events without manual re-entry.
Behavioral Investment Suitability Analysis is a 22-question psychometric risk tool grounded in Prospect Theory that calibrates questions to a client’s actual portfolio value rather than abstract percentages, according to DeepVest.
The tool generates five risk scores—Risk Tolerance, Capacity, Composure, Revealed Risk and Model Portfolio—and flags inconsistencies between stated preferences and actual holdings.
Advisor CRM Launches AI Assistant with Multi-Platform Integration
Advisor CRM, the Nashville, Tenn.-based CRM platform for RIAs, has launched Beacon, an AI assistant integrated with ChatGPT, Perplexity, Gemini and Claude that produces client-ready documents using advisor data without requiring separate subscriptions to the large language models.
The tool, according to the company, addresses security concerns advisors face when copying sensitive information into public AI platforms by embedding AI functionality directly within the CRM’s existing workflow and security infrastructure.
Beacon generates client-ready PDFs, presentations, reports and communications customized to each advisor’s brand and tone, the company said.
The tool routes requests to different AI models and evaluates results without advisors needing to manually search for information, according to Leibel Sternbach, partner and chief technology officer of Advisor CRM.
“Instead of the old method of searching manually, Beacon guides advisors to the information they need quickly and accurately, transforming their data from a static list into actionable deliverables,” said Sternbach.
In February, Advisor CRM announced the limited beta of Trove, an AI-native opportunity discovery platform for wealth management firms (it remains in testing). According to the company, Beacon will be connected to Trove in the coming months, though continued access Trove to trove will start at $89 per month.
And in September 2025, the provider rolled out an AI-driven email assistant add-on for $59 per month, supporting up to 5 users.
The company said that Beacon and the LLMs do not retain or use any data for training purposes.
