fbpx

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.

Access the whole Fintech integrations ecosystem in one place

WealthTech Weekly May 3, 2021

WealthTech Weekly May 3, 2021

CogniCor announced the launch of three new digital assistant modules. Andes Wealth Technologies announced the release of an integrated, comprehensive, and powerful client onboarding and communication platform. 

PayTech Round-Up April 28, 2021

PayTech Round-Up April 28, 2021

Payment processing company Candex has raised a new $20 million Series A funding round. 121 Financial Credit Union Selects NCR Digital Banking for Consumers and NCR Digital Banking for Business. Read…

WealthTech Weekly April 26, 2021

WealthTech Weekly April 26, 2021

CircleBlack has teamed up with Robertson Stephens in the launch its wealth management digital hub. Sequoia Financial Group and WEALTHSTONE ADVISORS announced they have entered into a definitive agreement to merge their…

PayTech Round-Up April 21, 2021

PayTech Round-Up April 21, 2021

Payment Approved Technologies has acquired Optima Compass Group. Zilch, a London, UK-based Buy Now, Pay Later (BNPL) startup, raised $80M in series B funding round.

WealthTech Weekly April 19, 2021

WealthTech Weekly April 19, 2021

GCF Valuation announced the launch of FinVal. Skience appointed Chris Zuczek to the newly-created role of Chief Product Officer. Retail investing surged in Q1 according to new data released from DriveWealth. 

PayTech Round-Up April 14, 2021

PayTech Round-Up April 14, 2021

Gemini has selected ComplyAdvantage’s hyperscale platform for anti-money laundering risk management. DocuPhase acquires payments technology company, Clearwater Payments. Ziglu has launched Bitcoin Boost. Splitit partners with UnionPay to offer cardholders instalment payments.

WealthTech Weekly April 12, 2021

WealthTech Weekly April 12, 2021

Lifeworks Advisors launched a new thought leadership video podcast series – The Future of Advice™. Acorns has acquired Pillar, an AI-powered startup. Apella Capital announced that Calandra Financial has joined the firm.

PayTech Round-Up April 7, 2021

PayTech Round-Up April 7, 2021

CaptivateIQ has raised $46 million in a Series B round led by Accel. AdvicePay is launching Deliverables, a tool designed to centralize the financial planning payments and compliance review process. Dwolla releases access…