If the wealth administration trade has a pulse, it was beating loud and clear in Tampa on the Advyzon Convention 2025. This yr’s theme, “A Convergence of Know-how, Innovation, and Partnership,” wasn’t only a tagline—it was the muse of a convention that has shortly change into a must-attend for RIAs and fintech professionals alike. With attendance doubling year-over-year, Advyzon has firmly established itself as a rising drive within the wealthtech area.
Morningstar’s Large Transfer and the Scramble for RIAs
One of many largest headlines of the occasion wasn’t on the official agenda. On February 13, Morningstar introduced it is going to retire Morningstar Workplace, its web-based funding analysis and portfolio accounting platform, by early 2026. The transfer despatched shockwaves by means of the trade, as 1000’s of RIAs who depend on the platform now discover themselves looking for a brand new dwelling. Morningstar’s answer? A cope with SS&C Applied sciences’ Black Diamond Wealth Platform, making it the primary to combine with Morningstar’s new Direct Advisory Suite.
However not everyone seems to be keen to observe Morningstar’s lead. Advyzon, whose management group consists of many former Morningstar workers, is positioning itself as a pure vacation spot for RIAs searching for a extra advisor-friendly various. Advyzon was based in 2012 by Hailin Li – former vp, Workplace Options at Morningstar. Li was the chief architect behind Morningstar Workplace from 2003 to 2010 when he broke away from Morningstar and began Advyzon.
Different main gamers are additionally actively courting these soon-to-be orphaned advisors. As Advyzon Chief Income Officer John Mackowiak put it, “They needed to decide a dance companion, they usually picked one. That doesn’t imply RIAs have to just accept the invitation.”
Key Business Themes: The place Wealth Administration is Heading
Past the headlines, a number of themes emerged from the convention that replicate broader trade shifts.
The Rise of Unified Platforms
Advisors are more and more searching for built-in know-how stacks that simplify operations, improve consumer engagement, and scale with their progress. Advyzon’s mission to be an all-in-one answer aligns with this pattern. Advyzon additionally highlighted its means to scale within the new partnership Advyzon Enterprise launched with StoneX, which brings Advyzon’s absolutely built-in wealthtech platform to StoneX’s dealer/sellers and monetary establishments.
AI, Automation and Information-Pushed Insights
From portfolio administration to consumer communication, AI-driven options have gotten desk stakes. RIAs are not simply exploring these instruments—they’re actively implementing them to drive effectivity and enhance consumer outcomes.
Advertising That Issues
One of many standout panels, Advertising in 2025: Slicing By means of the Hype and Getting Sensible, featured leaders from Altruist, Future Proof, Influence Communications and Advyzon’s personal Samantha Schwimmer sharing methods and concepts to spice up model recognition and natural progress.
The Energy of Partnership
The position of collaboration in monetary providers was entrance and middle, with a spotlight session that includes John Thiel, govt chairman of Indivisible Companions, who emphasised that know-how ought to improve—not change—the human component of wealth administration.
Thought Leaders on the Way forward for Wealthtech
World Market Outlook
Jeffrey Kleintop, chief world funding strategist at Charles Schwab, offered a macroeconomic view on what advisors ought to count on within the coming yr, bearing on inflation, market volatility, and geopolitical dangers.
Advyzon Government Management Panel
CEO Hailin Li, Chief Income Officer John Mackowiak, Chief Working Officer Dirk Pearson and different Advyzon executives shared insights on the corporate’s speedy progress, product roadmap and imaginative and prescient for the longer term.
Daymond John’s 5 Shark Factors
The Shark Tank star and FUBU founder delivered a high-energy keynote on entrepreneurship, resilience and constructing lasting success in enterprise and life.
Ultimate Ideas
With Morningstar Workplace set to vanish, advisors are at a crossroads. Some will take the trail of least resistance and migrate to Black Diamond, however many will discover options. Advyzon, Orion and others see this as a once-in-a-generation alternative to seize market share and show that RIAs deserve higher than a pressured transition.
The Advyzon convention made one factor clear: The way forward for wealth administration belongs to the platforms that supply advisors probably the most flexibility, the very best consumer expertise and the strongest partnerships. As companies navigate this shifting panorama, those who embrace innovation and put advisors first will emerge because the true winners.
For extra insights, take a look at the Wealthtech protection at WealthManagement.com or for extra movies head to WMTV however keep tuned—as a result of in wealthtech, the one fixed is change.
