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Australian IRESS launches a new client portal to improve client engagement. SigFig launches new advisor-focused platform with “coaching” tools. Marstone announced the launch of BlackRock Model Portfolio Solutions on its platform. eMoney Advisor launches the eMoney Voice Assistant, one of the first solutions for advisors that utilizes conversational AI.

YChart integrates with Schwab Advisor Services to provide advisors with key YCharts’ capabilities. SEI partners with the Association of Governing Boards of Universities and Colleges (AGB) to have the opportunity to share thought leadership and expertise on important higher education issues. Vestwell partners with Lake Road Advisors to enable the firm to provide new-quality retirement plans for small business owners and their employees. Envestnet | Tamarac announced a new integration with Wealth Access: data will be integrated into the Wealth Access client portal via the Tamarac open API. Wealthify partners with Yolt to enable its customers to view their investments within the Yolt money app.

Fidelity will continue to use VestmarkONE, which provides rebalancing and trading capabilities. RedBlack announced a multi-year extension of its alliance agreement with SS&C Advent, a division of SS&C Technologies.

Backstop Solutions Group has completed a $20 million round of financing.

Iress

IRESS has launched its new client portal, available through XPLAN, to provide a front-end solution for client engagement.

The new portal offers portfolio asset allocation and performance data, assets and liabilities breakdown, secure messages and documents, digital signatures, and a range of templated website designs.

IRESS product executive, Emily Chen, said today’s financial services businesses need to deliver a professional and personalized digital experience to their clients that offers an accurate perspective of their investments and financial life.

Find more information here.

YCharts

YCharts, a modern investment research platform that enables smarter investments, announced that its data, tools, and analytics have been integrated into Schwab Performance Technologies® PortfolioCenter®, the multi-custodial portfolio management and accounting tool from Schwab Advisor Services. This new integration is centered on allowing wealth advisors who use the multi-custodial platform to seamlessly access key YCharts’ capabilities to benchmark, analyze, and communicate investment performance data to their customers.

Find more information here.

Vestmark

Vestmark, a leading provider of portfolio management and trading software and services, announced that Fidelity Investments’ Personal Investing unit will continue to use the firm’s award-winning technology, VestmarkONE.

VestmarkONE, which was selected by Fidelity for its retail unified managed account (UMA) offering in 2009, now provides the firm with highly scalable, true sleeve lot accounting functionality, model-based rebalancing, and efficient trading capabilities for several of its retail wealth management programs.

Find more information here.

SEI

SEI, a leading provider of outsourced chief investment officer (OCIO) services, announced its strategic partnership with the Association of Governing Boards of Universities and Colleges (AGB), an organization centered on governance in higher education. AGB’s membership boasts 1,300 boards, representing 1,900 colleges, universities and institutionally-related foundations.

As a Sustaining Sponsor of AGB, SEI gains a new discussion forum with board members of colleges and universities, as well as the opportunity to share thought leadership and expertise on important higher education issues, specifically surrounding endowment investment management.

Find more information here.

Vestwell

Vestwell has partnered with Lake Road Advisors, a fee-only financial planning firm in Upstate New York, to enable the firm to provide comprehensive, customizable, and more affordable retirement plans for small business owners and their employees. This partnership brings a new investment solution to clients of Lake Road Advisors, who are often young professionals and entrepreneurs looking for financial security.

Find more information here.

RedBlack

RedBlack, LLC, the independent market leader in investment management solutions for rebalancing, order management, and trading, announced a multi-year extension of its alliance agreement with SS&C Advent, a division of SS&C Technologies.

Find more information here.

Envestnet | Tamarac

Envestnet | Tamarac announced a new integration on its Tamarac platform with Wealth Access, a wealth management technology firm that provides aggregation and reporting for firms in addition to a client portal solution. The integration uses the Tamarac open API to integrate data into the Wealth Access client portal solution while still allowing RIAs to take advantage of Tamarac’s portfolio management solutions.

Find more information here.

Backstop Solutions Group

Backstop Solutions, the leading cloud-based productivity suite provider to the institutional investment industry, announced it has completed a $20 million round of financing. Existing and new investors participating in the round include Roger Kafker, a 30-year veteran investor in the asset management space, Tao Huang, former COO of Morningstar, David Bradley, President of Huizenga Capital Management, and Vistara Capital Partners. Financial Technology Partners (“FT Partners”) served as exclusive strategic and financial advisor to Backstop Solutions on this transaction.

Find more information here.

SigFig

SigFig launches new advisor-focused platform with “coaching” tools.

Financial technology firm SigFig is unveiling a new digital wealth platform for advisors called CoPilot. The tool, built on the firm’s existing technology, is able to handle more investing strategies than other SigFig products and will let advisors onboard, track and monitor client behavior more easily, the company said. Initially planned for advisors at Citizens Bank, CoPilot is designed for firms with widely distributed teams, as it will let home offices more easily monitor and report on their advisors’ activity.

Find more information here.

Marstone

Marstone, Inc., a leading digital wealth management platform,  announced the launch of BlackRock Model Portfolio Solutions on its platform. This partnership with BlackRock, one of the world’s largest asset management and financial services organizations, enables strategies such as the Target Allocation ETF to be accessed by and offered to Marstone’s broad client base efficiently, and at scale.

Find more information here.

Wealthify

UK-based online investment service Wealthify has announced a partnership with Yolt, an ING created smart thinking money app, for an in-app integration.

According to Wealthify, the integration will enable its customers to view their investments within the Yolt money app. This will enable users to have one overview of their money in one place. Wealthify also claimed the app will be able to show users investment balance along with other financial accounts including their bank account, credit card, and savings accounts and even pensions.

Find more information here.

eMoney Advisor

eMoney Advisor, a leading provider of scalable wealth management technology, announced the launch of the eMoney Voice Assistant, one of the first solutions for advisors that utilizes conversational artificial intelligence (AI). Available now to all eMoney clients, the Voice Assistant provides a seamless, efficient and hands-off way to search for client information and data. Advisors can navigate to areas of the platform that conventionally take a few clicks in just one step, using one voice command.

Find more informaion here.

WealthTech Weekly May 25, 2020

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