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While known to date as a startup incubator, artificial intelligence developer, and AI consultancy to the wealth management industry, TIFIN has announced TIFIN.AI, an enterprise platform designed for wealth managers and product providers, featuring an agent library intended to streamline workflows across operations, investments and growth.
The development firm originally announced its generative AI platform using the same name in mid-2023. This revamp of the platform into an agentic offering supports multiple personas, including advisor support, advisors and end-clients, and offers firms the flexibility to start with single agents for specific personas before expanding to a unified system.
It joins a growing roster of custodians and other technology providers that have rolled out agentic platforms for wealth management firms over the last six months, including Advisor360°, Altruist, Anthropic, Apex Fintech Solutions, Datalign Advisory, Jump, Zeplyn and Zocks, among others.
This latest iteration of TIFIN.AI builds on the company’s history in wealth technology (it was founded in 2018), including the development of 55ip, which was sold to JPMorgan, and its successful exit from Paralel. The newly reformulated platform is already deployed across advisor, operations, investment and client-facing workflows.
“Things have really changed in the last six months or so—everyone is doing something in AI—but firms that had tried to do it themselves, whether a generative point solution or something more complex, have started to realize that it is often more difficult than they thought,” said Brooke Juniper, co-chief operating officer at TIFIN.
“Our clients were demanding something connected at more of an operating system level, and the market is demanding a solution that connects all those things together in the wealth manager’s workflow,” she added, noting that multi-agent workflows will be the future that connects everything.
According to Harshendu Bindal, CEO of TIFIN.AI, the platform is being used by more than 10 enterprise wealth clients.
“That traction reinforces where enterprise AI in wealth is headed,” Bindal said in a prepared statement.
While specific firms were not named in the announcement, many have previously acknowledged or announced that they were working with or investing in TIFIN, including AssetMark, Broadridge, Cetera, Franklin Templeton, Hamilton Lane, J.P. Morgan Asset Management, Morningstar, Motive Partners and SEI.
Juniper, who spent 16 years at BlackRock, where she co-founded and led the asset manager’s U.S. Wealth Portfolio Solutions group, before joining TIFIN in March 2024, said that Vinay Nair, TIFIN’s founder, recognized AI’s far-reaching potential years ago.
“Vinay has this vision where an RIA of the future, a solo advisor, can service 1,000 clients with an agentic workforce,” Juniper said.
She added that this will be a challenge for advisors or firms to attain without the right partner, as the technical aspects of development can be daunting for the uninitiated.
Building agentic AI and incorporating the necessary foundation, orchestration and mapping of knowledge, data and context that empower agents to work autonomously and hand off work to each other are keys to success, she said.
“This context layer and how the data comes in and how the agent is taught and what it uses in terms of context, and multiply that times hundreds of workflows, once you try to put multiple agents, speed becomes an issue, accuracy becomes an issue,” said Juniper. “Shared context and orchestration across all those agents is very difficult, and that is what many early-mover firms are now discovering.”
To be sure, competition in the agentic provider space is heating up with a plethora of providers vying to serve firms large and small.
“Their institutional roster remains hard to dismiss, with JPMorgan, Morningstar, Hamilton Lane, Franklin Templeton, SEI; that group does not stay on the cap table through three reorganizations out of inertia,” said Will Trout, director of securities and investments practices at the research and consulting firm Datos Insights. “There is either genuine IP at stake or a defensive play to maintain influence over a platform their clients will adopt, likely some of each,” he said when it comes to the many players already working with or invested in TIFIN. … The multi-workflow, multi-persona pitch lands well in the current environment.”
“TIFIN’s observation that most firms have a coordination problem, not a tool problem, meaning that too many systems remain disconnected, is an insight that maps to what we hear from bank, wealth, and brokerage clients, ourselves,” Trout added.
Alois Pirker, a longtime financial services industry analyst, researcher and founder of Pirker Partners, said that the verdict remains out for many, especially on the agentic AI front.
“There is a generational shift happening with a new breed of AI firms that have a clear mission and are homing in on a cleaner focus and are more aligned with the market than many technology providers in the past,” Pirker said. “The folks that will do really well are going to be the firms that can articulate and demonstrate the clearest value proposition.”
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