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Guru Capital acquired London based ETX Capital. Morgan Stanley is to purchase Eaton Vance Corp. Charles Schwab acquired TD Ameritrade. Smartleaf partners with Alpha Vee. Larry Sprung will join Carson Group as a partner. Entreda finalized an agreement with Ameritas Investment Company, LLC. GreenState Credit Union will join LPL Financial. Oranj launches a new Investment Reporting feature on the Oranj platform. Lifeworks Advisors launches a complete and unified financial advisor technology platform. Advisor Group launched significant enhancements to its MyCMO platform.

Guru Capital

Guru Capital announced the closing of its acquisition of London based ETX Capital, one of the fastest growing international providers of multi-asset CFD products from UK private equity firm, JRJ Group. The transaction is closing after receiving approval from the UK’s Financial Conduct Authority (FCA). Additionally, Guru Capital partners Luca Merolla and Ryan Nettles have been appointed as non-executive directors to the ETX Capital Board of Directors.

Find details here.

SmartLeaf

Smartleaf is partnering with Alpha Vee to provide Smartleaf clients access to groundbreaking, low-cost direct index models. Prices start at 5 bps, lowering to 3 bps at volume. This offering enables Smartleaf clients to provide their clients with radically lower-priced alternatives to actively managed models and cost-competitive alternatives to ETFs and mutual funds.

Find details here.

Carson Group

Carson Group announced that Mitlin Financial, a financial planning and asset management firm led by advisor Lawrence “Larry” Sprung, is joining the firm.

Find details here.

Oranj

Oranj, a single platform for financial advisors to streamline portfolio management and client service, announced the launch of its new Investment Reporting feature on the Oranj platform. The Oranj Investment Reporting feature is designed to be straightforward, with easy-to-produce-and-explain investment reports that deliver the details that matter to clients.

Find details here.

Entreda

Entreda, an award-winning developer of integrated cybersecurity software and solutions for the wealth management and insurance industries, announced that it has finalized an agreement with Ameritas Investment Company, LLC (AIC), an independent Broker/Dealer and Registered Investment Adviser. Entreda will provide its comprehensive suite of cybersecurity solutions to the company’s network of national financial professionals.

Find details here.

Morgan Stanley

Morgan Stanley agreed to purchase Eaton Vance Corp. for about $7 billion in Chief Executive Officer James Gorman’s second major acquisition this year, both of which tilt the investment bank further toward the steadier business of money management.

Find details here.

Lifeworks Advisors

Lifeworks Advisors, a fast-growing independent RIA firm, announced the launch of a complete and unified financial advisor technology platform intentionally designed from the ground up to provide all of the financial planning, onboarding and digital marketing components needed to build a sustainable and fast-growing, fee-based financial planning practice.

Find details here.

Advisor Group

Advisor Group, the nation’s largest network of independent wealth management firms, announced the launch of significant enhancements to MyCMO, a multi-channel digital marketing platform that allows affiliated financial professionals to create, customize and execute targeted marketing campaigns on a streamlined and cost-efficient basis.

Find details here.

LPL Financial

The wealth management division of Iowa-based GreenState Credit Union will join LPL Financial, with five advisors coming from a previous affiliation with Cambridge Investment Research, and a sixth joining from Royal Alliance.

Find details here.

Charles Schwab

Charles Schwab said that it completed its $26 billion acquisition of TD Ameritrade, forming a brokerage firm with over $6 trillion in client assets.

Find details here.

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WealthTech Weekly July 19, 2021

WealthTech Weekly July 19, 2021

Daloopa announced that it has closed $20 million in Series A financing to accelerate its AI-driven data extraction offerings for financial institutions. Vanguard, which has $7.9tn worth of assets under management,…

WealthTech Weekly July 12, 2021

WealthTech Weekly July 12, 2021

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WealthTech Weekly July 5, 2021

WealthTech Weekly July 5, 2021

Marstone announces close of $5 million series A funding. CircleBlack launches major upgrade to wealth management platform. Northern Trust launches alternative asset servicing digitization initiative. Kestra launches new division under ex-United Capital CIO. 

WealthTech Weekly June 28, 2021

WealthTech Weekly June 28, 2021

Mercer Advisors Acquires AFI Wealth Strategies. SmartAsset, a marketplace that connects consumers to financial advisors, announced that it has raised $110 million in a Series D round of funding. Chalice Network partners…

WealthTech Weekly June 21, 2021

WealthTech Weekly June 21, 2021

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WealthTech Weekly June 14, 2021

WealthTech Weekly June 14, 2021

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WealthTech Weekly June 7, 2021

WealthTech Weekly June 7, 2021

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WealthTech Weekly May 31, 2021

WealthTech Weekly May 31, 2021

Investing app Acorns to go public through a blank-check merger valued at $2.2 billion. FreedomPay and JP Morgan support omnichannel solutions. Wealthify partners with Tink on payment initiation. Pipe, a fintech which…