Chaos: overlapping roles between vendors, buyers and builders

2 articles, 1 podcast & 2 videos

READING

Max Klein, CEO and Co-founder of LEA (Fund V) argues that AI has collapsed the old buyer–vendor dynamic by creating a new “builder” role, where both vendors and users can rapidly build and customize solutions themselves. As a result, tasks like account opening and financial planning automation aren’t a future promise—they’re available now for firms willing to adopt AI-native tools or become builders, and success should be measured by real operational leverage, not feature lists.

What’s Changed?

Two weeks ago, an advisor posted a question on a LinkedIn comment thread: “How far away is a world where account opening and financial planning data entry is done with AI?” This is a perfectly rational question based on the fact that: There’s a new, exciting technology out there called AI; and, User

II. Inside a tax-smart borrowing tool for risk-tolerant clients

Joseph Wang from SyntheticFi (Fund V) explains how box-spread financing is emerging as a cheaper, more flexible, and tax-efficient borrowing tool for risk-tolerant clients, offering advantages over HELOCs, SBLOCs, and margin loans. Firms like SyntheticFi are using technology to make this historically complex Wall Street strategy accessible to advisors, while emphasizing that the key risk remains potential margin calls tied to underlying asset declines.

Inside a tax-smart borrowing tool for risk-tolerant clients

SyntheticFi co-founder Joseph Wang says his firm's investment and trading technology makes an options strategy long embraced by hedge funds more accessible to advisors and their clients.