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Promotion or not? Episode 2: Regtec Consolidation

The wealth management industry has seen some recent consolidation in the regtech space, such as Market Council and Dynasty’s acquisition of SmartRIA and Complisys’ deal to acquire RIA in a Box. But is it good for consolidation advisors?

in the latest episode of’s Promotion or not? In the video series, Nexus Strategy President and CEO Tim Welsh and Senior Tech Editor Davis Janowski debate the same question. Janowski, who takes a more cynical view of wealth management technology, believes it bodes well for advisors, arguing that these compliance companies can provide them with better scale and a more complete suite, Past a step up to compliance from the piecemeal approach of consultants. And the technology in this space is getting better, he argues, giving advisory firms an internal solution to show regulators that they are tracking activity.

But Welsh warns of the danger of all client data from a compliance tech firm. They also argue that these systems are currently cookie-cutter, and require consultants to have their own policies and procedures that are custom to their individual businesses and what they deliver. It’s a slow, boring place, and there’s not much going on where you’d need a large cohesive platform, he argues.

Tune in for the lively debate.

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