Orion Integration Fees and November 2026 AdvisorTech Trends
New vendor fees and regulatory shifts reshape the financial advisor technology landscape.
1Orion Implements Integration Fees
Orion has introduced a new fee structure for technology vendors accessing data through its integration platform. This move forces third-party providers to either absorb the costs, increase their own pricing, or terminate existing integrations. The industry now faces uncertainty regarding whether other major platforms will follow this model, potentially inflating technology costs for advisors.
2Nevis Secures Series B Funding
Nevis raised $70 million to develop an AI-powered operating system for financial advisors. While the goal is to eliminate the swivel-chair problem by unifying disparate software, the firm faces intense competition. Established players like Jump and Hazel already hold significant market share, making it difficult for Nevis to achieve the necessary scale for investors.
3BNY/Pershing Shuts Down Wove
BNY/Pershing has officially wound down its Wove platform, a multi-custodial wealth management solution launched three years ago. The failure suggests that while RIA custodians often attempt to build proprietary technology, Wove struggled by attempting to be an all-in-one solution rather than focusing on a specific, narrow range of services for a broader advisor base.
4Milemarker Integrates MCP Server
Milemarker has added a Model Context Protocol server to its data warehousing solution, enabling firms to connect AI assistants directly to centralized data. This development raises questions about the long-term necessity of centralized warehouses as off-the-shelf AI tools increasingly gain the capability to establish direct data connections with various advisor software applications independently.
5Missouri Regulatory Stance on Credential-Sharing
The state of Missouri has declared the use of credential-sharing technology, such as Pontera, for managing held-away accounts as an unethical business practice. This decision deepens the fragmented regulatory landscape across states. It highlights an urgent need for 401(k) plan providers to develop more secure, standardized methods for advisors to access client data.
6SEC 2027 Examination Priorities
The SEC has released its 2027 examination priorities, specifically targeting RIA preparedness for AI-driven threats. Regulators are focusing on deepfakes and sophisticated phishing attempts that mimic client voices or images. Advisory firms are now expected to implement more robust multi-factor authentication protocols, particularly for workflows involving sensitive client money movement and transaction requests.
7The Competitive Tech Stack Hub
The race to become the central hub of an advisor's technology stack remains highly competitive. With platforms like Orion charging for data access and others like Wove exiting the market, vendors are under pressure to prove their value. Firms must carefully evaluate which integrations are essential for operational efficiency versus those that add unnecessary costs.
8Future of AdvisorTech Infrastructure
The November 2026 landscape reflects a shift toward tighter data control and increased security requirements. As AI tools become standard, the focus is moving from simple integration to secure, compliant data access. Advisors must navigate these rising costs and regulatory hurdles while maintaining the technological agility required to serve their clients effectively in 2027.