The latest technology news in the wealth management sector from around the world.

TIFIN, Franklin Templeton
TIFIN, an artificial intelligence and wealth platform, and Franklin Templeton, are partnering to launch a “financial wellness” offering for employees.

Called TIFIN @Work, it helps individuals achieve their financial goals, reduce stress related to personal finance, and boost employee wellbeing, the firms said in a statement. The businesses already have a strategic relationship, which started during TIFIN’s Series D fundraising round in May 2022.

“Blending the deep investment expertise and digital capabilities of Franklin Templeton with the data-enriched TIFIN @Work platform is a game changer for advisors looking to expand their practice beyond retirement accounts to wealth solutions,'' Harshendu Bindal, managing director, digital strategy and wealth management, Franklin Templeton, said.

TIFIN will partner with Franklin Templeton’s Workplace Retirement Distribution Business.

“We believe every US worker and household has the right to experience financial wellbeing throughout each phase of life, and access to personalized advice is a critical step towards achieving that,” Yaqub Ahmed, head of retirement, insurance sub-advisory and 529 College Savings for Franklin Templeton, said.

TIFIN has been backed by JP Morgan, Morningstar, Hamilton Lane, Franklin Templeton, Motive Partners, and Broadridge among others. Another part of the TIFIN group, TIFIN AMP, an asset management distribution platform that uses artificial intelligence technology, in December said it was partnering with wealth management enterprise solutions provider BetaNXT.

As for Franklin Templeton, it had more than $1.4 trillion in assets under management as of November 30, 2023.