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A new partnership between BlackRock and CleanCapital. Financial planning tech firm RightCapital partners with Commonwealth. Brinker Capital expands its partnership with AdvisoryWorld. SEI and Fusion Wealth have also extended their existing long-term relationship. Addepar was honored for making a significant impact on Morgan Stanley’s mission of continuous innovation. Evestor is to separate its financial advice service from its non-advised service with the launch of a new brand ‘OpenMoney’. Betterment redesigns Advisor Dashboard with more tools, analytics.

BlackRock

BlackRock Inc. and CleanCapital LLC bought a 46.9-megawatt portfolio of U.S. solar power from ATN International Inc. subsidiary, Ahana Renewables. The portfolio consists of 60 operating solar projects located in California, Massachusetts and New Jersey. The acquisition is part of a new partnership between BlackRock and CleanCapital, and is CleanCapital’s largest to date.

For details, read here.

RightCapital

Financial planning tech firm RightCapital partners with Commonwealth. Commonwealth Financial Network’s choice to partner with the startup demonstrates there is still room to innovate in financial planning software.

The announcement makes RightCapital the sixth financial planning program available to Commonwealth’s 1,800 advisors, alongside popular options like MoneyGuidePro and eMoney.

For details, read here.

Addepar

Addepar has been honored with Morgan Stanley’s FinTech award at the financial service firm’s third annual Fintech Summit in New York. The award recognizes a fintech company that has had a significant impact on Morgan Stanley’s mission to continuously innovate for its clients and business. Addepar’s CEO, Eric Poirier accepted the award from Rob Rooney, Head of Morgan Stanley Technology and Sal Cucchiara, Head of Wealth Management Technology, during the Summit’s evening reception.

For details, read here.

Evestor

Evestor launches OpenMoney to help further plug advice gap.

“For our customers who are comfortable with investment and don’t want to take advice, the evestor non-advised proposition will continue to provide a low-cost investment management solution for their money.”

For details, read here.

Brinker Capital

Brinker Capital, a leading investment management company focused on multi-asset class investing, announced the expansion of its partnership with AdvisoryWorld, a leading software provider for financial advisors. Brinker Capital utilizes AdvisoryWorld as its technology partner for two comprehensive digital reporting applications, namely the Portfolio Observations and its Wealth Advisory proposal.

For details, read here.

SEI

SEI, a publicly owned asset management holding company, and Fusion Wealth, the bespoke platform solutions provider for wealth managers and large-scale financial planners, have extended their existing long-term relationship through a new deal that will see the pair work together until at least 2025.

Fusion Wealth first appointed the SEI Wealth PlatformSM in 2011 to provide an integrated wealth-management infrastructure for its growing client base. Since then, the business has expanded considerably and now provides a core solution for some of the leading Wealth Management and Financial Planning firms in the UK.

For details, read here.

Betterment

Betterment redesigns Advisor Dashboard with more tools, analytics.

Betterment, the automated advice platform that manages more than $13.5 billion, has redesigned the dashboard that financial advisors use to manage investors’ money with the company. The changes are rolling out to users of Betterment for Advisors today.

For details, read here.

WealthTech Weekly February 11, 2019

WealthTech Weekly February 11, 2019

Personal Capital raised $50 million in a Series F funding. Fidelity plans March launch of its Bitcoin custody service. 55ip's investment strategy engine is now available on the CircleBlack platform.  iCapital Network is…

WealthTech Weekly February 4, 2019

WealthTech Weekly February 4, 2019

Acorns raised $105 million in Series E funding. AdvicePay raised $2 million in seed extension funding. AdvisorEngine integrates with BNY Mellon's Pershing. Axos Financial acquires COR Clearing LLC. DriveWealth will expand its partnership…

WealthTech Weekly January 28, 2019

WealthTech Weekly January 28, 2019

Artivest expands alternative investment platform. Thomson Reuters Elite launches 3E in the Cloud. SelfWealth launches a new ETF targeting self-managed super funds. Wealthsimple partners with TurboTax. Entreda partners with Docupace. Advyzon integrates with Riskalyze. Nutmeg raised $58.2 million…

WealthTech Weekly January 21, 2019

WealthTech Weekly January 21, 2019

Bridge raised a Series A funding of undisclosed amount. 55ip partners with FinFolio. MoneyGuide announced the expansion of its financial planning platform to meet the individual needs of all advisors. Fiserv acquires First…

WealthTech Weekly January 14, 2019

WealthTech Weekly January 14, 2019

Interactive Brokers is going to launch a new turnkey wealth management solution with Martsone. Mobile banking startup N26 raised $300 million in a Series D funding round. United Capital Financial Advisers introduced…

WealthTech Weekly December 31, 2018

WealthTech Weekly December 31, 2018

iCapital Network has partnered with Rockefeller Capital Management. Wealthfront Advisers agreed to settle SEC’s claims for a $250,000 fine. Bank Of America improves the cash handling processes with a new blockchain patent. Advizr…

WealthTech Weekly December 24, 2018

WealthTech Weekly December 24, 2018

A majority stake in WealthBar Financial Services to be acquired by CI Financial. DriveWealth partners with Avenue Securities. Lincoln Financial Group partners with eMoney Advisor and Redtail Technology. LifeYield provides its Social Security Advantage solution…

WealthTech Weekly December 17, 2018

WealthTech Weekly December 17, 2018

BlackRock’s iRetire integrates with eMoney Advisor. BlackRock partners with Microsoft. Tradier Inc. partners with Jellifin. LPL’s CEO Dan Arnold lays out Integration Roadmap. RIA in a Box launches the Audit…