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DriveWealth announced a $56.7 million Series C round. BNY Mellon announces pricing of public offering of $582.5 million of depositary shares representing interests in preferred stock. Park Avenue Securities selected AdvicePay to help financial professionals transition to a fee-for-service, financial planning model. Wealthcare announced a new integration with SS&C’s Black Diamond® Wealth Platform. NFP announced the acquisition of Insurance Specialty Group. Advisors using LifeYield’s Social Security Advantage® tool in Q3 have added an average of $130,000 per client household in potential lifetime Social Security benefits. SoFi launched its first-ever credit card. Fidelity will roll out a new program designed for women.

DriveWealth

DriveWealth, LLC, a U.S.-based leader in global digital trading technology, announced a $56.7 million Series C round to strengthen its current technology stack, make strategic acquisitions, and grow the organization to scale its business.

Find details here.

AdvicePay

AdvicePay, the leading fee-payment-processing platform designed exclusively for financial advisors, announced that Park Avenue Securities, a wholly-owned subsidiary of The Guardian Life Company, has selected AdvicePay to help financial professionals who are transitioning their advice strategy to a fee-for-service, financial planning model.

Find details here.

BNY Mellon

BNY Mellon announced that it priced an underwritten public offering of 582,500 depositary shares, each representing a 1/100th interest in a share of its Series H Noncumulative Perpetual Preferred Stock, with a liquidation preference of $100,000 per share (equivalent to $1,000 per depositary share), at a public offering price of $1,000 per depositary share ($582.5 million aggregate public offering price).

Find details here.

LifeYield

LifeYield LLC, the market leader in cloud-based solutions helping advisors maximize retirement income for their clients, reports that advisors using LifeYield’s Social Security Advantage® tool between July 1, 2020, and Sept. 30, 2020, have added an average of $130,000 per client household in potential lifetime Social Security benefits.

Find details here.

SoFi

SoFi, the digital personal finance company, announced that it has launched its first-ever credit card, which incentivizes healthy financial habits and delivers on its mission to help people get their money right.

Find details here.

Wealthcare

Wealthcare, an innovator in wealth management, tech-enabled advisor solutions, and a business unit of Financeware, a NewSpring Holdings platform company, announced a new integration with SS&C’s Black Diamond® Wealth Platform. Through this integration, Black Diamond clients will have access to Wealthcare’s groundbreaking GDX360® goals-driven planning and investment management platform.

Find details here.

Fidelity Investments

Fidelity Investments is teaming up with employers across the country to roll out a new program designed to help more women get financially engaged and connect with the guidance they need to address personal finance decisions.

Find details here.

NFP

NFP, a leading insurance broker and consultant providing employee benefits, property and casualty, retirement, and individual solutions, announced the acquisition of Insurance Specialty Group, LLC (ISG).

Find details here.

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WealthTech Weekly November 30, 2020

WealthTech Weekly November 30, 2020

Beacon Pointe Advisors mergers with CBD Wealth Management. CI Financial acquires majority interest in RGT Wealth Advisors. Meridian Capital acquires the Seattle division of Moss Adams Capital. Fiduciary Exchange partners with American Equity…

PayTech Round-Up November 25, 2020

PayTech Round-Up November 25, 2020

Chargebee partners with Pipe. Visa partnered with Conferma Pay. Nayax and Yuansfer partnered with Alipay. PCI Pal collaborates with Oracle. Sezzle partners with Wix. Credit Key raised $33.85 million towards its BNPL model. XTM Inc.…

WealthTech Weekly November 23, 2020

WealthTech Weekly November 23, 2020

AdvicePay partners with Cambridge. Smarsh announced support for T-Mobile for Business. Veater Financial Group joined SagePoint Financial. Adam Innerst joined BNY Mellon Wealth Management as Market President. John Gallagher and Mark Levin join LPL. Chad Roope…

PayTech Round-Up November 18, 2020

PayTech Round-Up November 18, 2020

Boost Payment Solutions is partnering with Global Healthcare Exchange. Douugh launched its app in the US. Payability partnered with Newegg. Third Coast Bank SSB adds Zelle® to its platforms. Radius Bank and Treasury…

WealthTech Weekly November 16, 2020

WealthTech Weekly November 16, 2020

Discovery Data launched its next-generation market intelligence platform. Captrust acquires Shine Wealth Partners. RiskPro integrates with Envestnet. CI Financial acquired The Roosevelt Investment Group. TradePMR adds Adhesion Wealth® to its Fusion platform. Smarsh® acquired…

PayTech Round-Up November 11, 2020

PayTech Round-Up November 11, 2020

The Hydrogen Technology Corporation received an investment from EML Payments. Cross River acquires Northern Dominion Metals. Shift4 Payments acquires 3dcart. NerdWallet acquires Fundera. PayPoint plans a double acquisition worth £70 million. Blackhawk Network acquired National…

WealthTech Weekly November 9, 2020

WealthTech Weekly November 9, 2020

Foreside Financial Group acquired Integrated Compliance Solutions Group. Eaton Vance Investment Counsel acquired WaterOak Advisors’ assets. Skience launched a virtual roundtable series. Confluence Wealth Management will join Buckingham Strategic Wealth. Ben Welch joined LPL…

PayTech Round-Up November 4, 2020

PayTech Round-Up November 4, 2020

Ibanera partners with Elavon. N2Xpress partners with Paykii. Radius Bank teamed up with Treasury Prime. APS Payments integrates with Sage X3. Repay Holdings Corporation acquired CPS Payment Services. Celero Commerce acquires TransNational Payments. Paxful…