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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 August 12, 2019

WealthTech Weekly August 12, 2019

Apex Clearing releases its inaugural Apex Millennial 100 report. Moody’s Analytics won Wholesale Modelling Software of the Year. DriveWealth partners Revolut. SPS Family will be deploying the XtivaCloud SPM platform. Envestnet is running…

WealthTech Weekly August 5, 2019

WealthTech Weekly August 5, 2019

Chalice launches the Reg-BI Readiness Platform. AdvicePay launches a fee calculator. Northern Trust Asset Management acquires Belvedere Advisors. Moody’s acquired RiskFirst. Wealthsimple selected Xignite to power its Wealthsimple Trade app. Interactive Brokers joins Tradesocio’s liquidity…

WealthTech Weekly July 29, 2019

WealthTech Weekly July 29, 2019

Betterment launched its own fee-free, high-yield savings account with one of the best rates on the market. Envestnet announces improvements to MoneyGuide's MyBlocks. Moody’s Analytics won the award for Best Reporting…

WealthTech Weekly July 22, 2019

WealthTech Weekly July 22, 2019

DriveWealth launches WealthSeed, an alternative platform to traditional employer-sponsored plans. TradingScreen's EMS has been certified for integration with thinkFolio. Birch Grove Capital selected ClearStructure's Sentry PM as its portfolio management solution. Advisor Group introduced…

WealthTech Weekly July 15, 2019

WealthTech Weekly July 15, 2019

Xtiva launches Xtiva Connect integration service. Voya Financial Advisors launches a new digital advice platform. Chalice Financial Network has launched Succession Link 2.0. Cetera Financial Group launched a retirement income-focused tool. DriveWealth with IPJukebox…

WealthTech Weekly July 8, 2019

WealthTech Weekly July 8, 2019

Xignite, Inc. joined the Snowflake Data Exchange data marketplace. DriveWealth is launching a new digital U.S. equities trading product for retail investors in Nigeria. Personal Capital surpassed $10 billion in AUM. Analytics: Advisors who…

WealthTech Weekly July 1, 2019

WealthTech Weekly July 1, 2019

Broadridge partners with Preqin. Shareholders Service Group (SSG) partners with Blueleaf. People’s United Bank has chosen Xtiva as its Incentive Compensation Management solution. Apex Clearing Corporation partners Apex Crypto. RightCapital integrates with the CircleBlack's…

WealthTech Weekly June 24, 2019

WealthTech Weekly June 24, 2019

CAIS is partnering with Private Client Resources (PCR). Addepar entered into a reseller partnership with Mirador, LLC. Insurance Technologies partners with Fiduciary Exchange (FIDx) to deliver annuity illustration and e-application sales capabilities within…