Jun 27, 2026
An RIA is stripping out software from $1 billion-plus of acquisitions -- with a new $48.5 million raise and sky-high praise -- but critics say Arca Wealth mostly has a new narrative for an existing business model
The New York City startup unveiled itself yesterday as an all-in, 'AI-native,' wunderkind that is in the process of 'removing' applications and shedding its old Schwab custody and robo-investing ties -- and gets ex-Schwab CFO Peter Crawford as backer.