Tech leaders at a variety of firms also discussed cybersecurity, artificial intelligence and the benefits of competition during a panel discussion in conjunction with the annual WealthManagement.com Industry Awards.
Stich, the former chief operating officer of NaviPlan, will join as Chief Revenue Officer; Velugula, former tech executive at UBS and AQR, will head up technology for the new custodian.
Publicly-traded REIT funds from operations hit a new record at $19.6 billion in the second quarter and are now 22 percent higher than pre-COVID levels.
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