RIA Ritholtz Wealth Management’s affiliated venture capital fund has made a strategic investment in SmartRIA and its cloud-based compliance software platform, the companies said. The Compound Capital Fund I, managed by AngelList Advisors, typically invests directly in technology companies serving RIAs. Ritholtz is the sub-advisor for the fund, while Michael Batnick, Ritholtz managing partner, serves as the fund lead. This collaboration between SmartRIA and Ritholtz “will drive innovation in the wealth management industry by combining RWM’s investment management expertise with SmartRIA’s innovative compliance technology,” the companies said in a joint news release.