BetaNXT Partners With Pave Finance to Bring AI Portfolio Management to Advisors

What the partnership covers

According to the announcement, Pave's software platform uses AI to let registered investment advisors (RIAs) and wealth management firms build highly tailored automated portfolios. Those portfolios are constructed around client goals, risk parameters, tax considerations, existing holdings, investment restrictions and preferences.

Under the partnership, BetaNXT clients will gain access to Pave Finance's portfolio management and workflow automation software. BetaNXT says this widens its offering to financial advisors and RIAs and strengthens its wealth management suite with advanced portfolio construction, personalization and optimization capabilities.

The release was issued as a correction to an earlier version. The corrected headline refers to bringing AI-powered portfolio management capabilities to wealth management firms and financial advisors.

Automation from construction to execution

The companies say the combination of BetaNXT's scale and market presence with Pave's portfolio management and optimization tools will allow firms to deliver more personalized investment experiences for clients at scale.

By upgrading firms' technology, the partnership is meant to improve workflow efficiency through automation, from portfolio construction to execution. The stated aim is to let managers and advisors spend more time on high-value investment decisions, improving client relationships and expanding their businesses.

Tim Rutka, President of Trading and Settlement at BetaNXT, said: "Portfolio planning is increasingly important as advisors look to provide more customized investment solutions while operating efficiently and at scale." He added that the partnership gives clients access to sophisticated technology that can help advisors address investors' individual needs.

Edward Tedeschi, Head of Strategic Partnerships at Pave, pointed to BetaNXT's reach. He said its presence across the wealth management ecosystem creates "a clear opportunity to bring Pave's software to more firms and advisors." He listed optimization, personalization, transition management and tax-aware portfolio management as areas the software can strengthen across client rosters.

About the two companies

BetaNXT describes itself as a leading provider of wealth management enterprise solutions powered by real-time data capabilities. It supports broker-dealers, advisors, wealth managers, issuers and asset managers, with services spanning trading and settlement, asset servicing, regulatory-compliant investor communications, and data management and analytics.

Pave Finance, founded in 2021 and based in New York, offers a platform for investment advisors to customize, personalize and automate portfolio construction and management. Its business units include Pave Labs, LLC, which provides the Pave Pro software platform; Pave Securities, LLC, a fully-disclosed introducing broker-dealer; and Pave Investment Advisors, LLC, an SEC-registered investment adviser.

Pave says it earns revenue from three streams: software licensing priced on a SaaS model with a monthly license fee, broker-dealer revenues, and investment advisory fees for automated asset management.

What it means for advisors and firms

For BetaNXT clients, the deal adds an AI-driven portfolio construction option inside the provider's existing technology offering. The companies frame it as a way for firms to personalize portfolios across larger client bases without a matching rise in manual work.

BetaNXT describes the partnership as another step in its strategy to give wealth management firms an integrated ecosystem of technology and solutions spanning the investment and client lifecycle. The release does not give pricing, rollout timing or availability details.