After shaking up the summer last year, the Future Proof Festival returned to Huntington Beach this week for the second running of the only annual wealth conference that mashes up practice management with 18-wheeler In-N-Out foot trucks.

There's too much to jam into this newsletter alone to sum up the experience in Surf City, but I was on the ground again this year to host a panel a RIA custody alongside Richard Lofgren of Goldman Sachs and Mazi Bahadori of Altruist that kicked off day two.

More importantly, Financial Planning Managing Editor Cat Auer made both her Future Proof and FP byline debut this week with a look at the event that attracted 3,000 attendees. Check out the piece that includes interviews with Joe Duran breaking the news of his next venture, and Advisor Circle CEO Matt Middleton explaining how he wanted to blow the mind of everyone who took part in the experience. 

And while everyone followed the old advice of not bringing sand to the beach, they brought plenty of wealthtech and tech-focused insights. Some of the highlights include Caribou CEO and Co-Founder Christine Simone giving advisors practical advice on generative AI; Orion CEO Eric Clarke and Chief Behavioral Officer Daniel Crosby announcing an AI meets BeFi collaboration; and Envestnet loading up its platform with dozens of upgrades.

Check out all the insight from Future Proof 2023 and much more, only at Financial Planning. 

Anything else on your mind? Drop me a line at [email protected]. Have a great weekend!

Regards,
Justin

Orion debuts AI-powered portfolio comparison tool at Future Proof 2023

By Justin L. Mack       3 min read

Leaders from the wealthtech firm hit the Future Proof stage to bring AI and BeFi together in a new solution for advisors Read story →

Envestnet debuts slew of platform enhancements during Future Proof 2023

By Justin L. Mack      

Upgrades include tweaks to the user experience, client portal, trading capabilities and the Envestnet Insights Engine. Read story →

Future Proof 2023: a 'trade fair for financial planners' — but fun

By Cat Auer       7 min read

Swapping spreadsheets for sunblock, thousands in wealth management descended on SoCal for big ideas and for big fun — but mostly for business. Plus, what you need to know about the smaller Future Proof event coming next March.  Read story →

Financial Planners Face More Opportunity than Ever Before

Deutsche Bank tests out AI to detect rogue traders' phonecalls

By William Shaw and Aisha S Gana       3 min read

Firms have paid out more than $2.5 billion since December 2021 for the misuse of unofficial communications channels like WhatsApp. Read story →