WealthTech Today Ep. 313: October WealthTech News: AI Note-Takers, Platform Power Plays, and a Fidelity Fallout
Oct 31, 2025
The conversation kicks off with escalating battles in wealth management, particularly Fidelity’s clash with Pontera. Focal secures $5M to develop AI tools aimed at enhancing advisor productivity. Innovations continue with Wealthbox launching a native AI note-taker, while Jump acquires Mobile Assistant to capitalize on transcription services. Holistaplan and Zox are automating tax workflows with fresh integrations, and Nitrogen introduces an AI Tax Center. Lastly, the market sees AdviseOn's software debut and Snappy Kraken's real-time CRM syncing.
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AI Note-Takers Are Becoming Advisor OS
- AI meeting assistants are evolving into full advisor operating systems that span front- and back-office workflows.
- Craig Iskowitz notes these platforms claim to reclaim dozens of advisor hours monthly and enable serving many more clients.
Jump Buys Mobile Assistant, Not The Tech
- Jump acquired Mobile Assistant and plans to wind down the acquired tech while converting its clients to Jump's AI platform.
- Craig recounts Mobile Assistant's legacy human transcription business and Jump's plan to onboard those clients with credits and onboarding support.
CRMs Fight Back With Built-In AI
- CRMs launching native AI note-takers (Wealthbox example) aim to keep advisors inside their platform and speed workflows.
- Craig warns these features can disintermediate standalone note-takers and reshape advisor desktop usage.