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Morgan Stanley launches a new advisory technology platform to provide financial advisors with one dashboard for all services. DriveWealth has formed a strategic partnership with Trading Central to leverage common elements of both businesses. Acorns is looking to raise more than $100 million in the new round.

Morgan Stanley

Morgan Stanley launches a new advisory technology platform.

Morgan Stanley is ramping up its fight to distinguish its wealth management business in one key area: technology. The firm on Monday launched WealthDesk, a new platform for its army of 15,000-plus financial advisors. The idea of the platform is that it will provide financial advisors with one dashboard where they can go for all of their financial planning, advice and implementation tasks.

Find details here.

DriveWealth

DriveWealth, LLC, an innovative global digital trading technology providing access to US markets has formed a strategic partnership with Trading Central, a leading investment research provider. The partnership will enable both the companies to leverage common elements of their businesses: seamless, digital, mobile-first transaction capabilities and sophisticated, accessible and actionable financial content.

Find details here.

Acorns

Acorns Grow Inc. is in talks with investors for a new funding round that would give it a valuation north of $700 million, according to people familiar with the matter.

Acorns, which is part of a growing list of startups offering digital wealth management services, is looking to raise more than $100 million in the new round, though that number could change, said one of the people, who all asked not to be identified because the deal is private.

Find details here.

WealthTech Weekly December 3, 2018

WealthTech Weekly December 3, 2018

Redtail published the results from a survey entitled "Gen Tech". Robinhood goes on filling key jobs. TD Ameritrade Institutional holds its first advisory-focused FinTech competition. BlackRock announced a strategic partnership with Envestnet. Nutmeg has…

WealthTech Weekly November 19, 2018

WealthTech Weekly November 19, 2018

New and expanded partnerships: BlackRock with CleanCapital, RightCapital with Commonwealth, Brinker Capital with AdvisoryWorld, SEI with Fusion Wealth. Addepar was honored by Morgan Stanley. Evestor is to launch a new brand ‘OpenMoney’. Betterment redesigns Advisor…

WealthTech Weekly November 12, 2018

WealthTech Weekly November 12, 2018

Empower Retirement plans to launch a new platform. GPS Wealth Management implemented Riskalyze. iCapital Network has got a strategic investment from JPMorgan Chase & Co.  AlphaCore Technologies releases a FinTech tool for intelligent investing.…

WealthTech Weekly November 5, 2018

WealthTech Weekly November 5, 2018

Australian IRESS launches a new client portal to improve client engagement. SigFig launches new advisor-focused platform with “coaching” tools. Marstone announced the launch of BlackRock Model Portfolio Solutions on its platform. eMoney Advisor…

WealthTech Weekly October 29, 2018

WealthTech Weekly October 29, 2018

DriveWealth partners with Verrency. Vestmark partners with Oranj. SS&C Technologies integrates ERS with its TRAC. SEI integrates with Advizr's financial planning tool. Advyzon integrates with Schwab OpenView Gateway. Riskalyze integrates with MyRepChat. Wealthfront offers retirement…

WealthTech Weekly October 22, 2018

WealthTech Weekly October 22, 2018

Fidelity launches a new company conceived to trade cryptos and a new digital marketplace to help advisors deepen existing integrations. Envestnet | Yodlee Risk Insight Solutions will be integrated with Freddie…

WealthTech Weekly October 15, 2018

WealthTech Weekly October 15, 2018

Last week, we saw many announcements of partnerships and integrations. TD Ameritrade introduced a new platform for financial investors. Robinhood launched its own trade-clearing system. Interactive Brokers now offers its PortfolioAnalyst tool…

WealthTech Weekly October 8, 2018

WealthTech Weekly October 8, 2018

DriveWealth has entered new business. Apex Clearing enables commission-free trading.  Finicity will share customer information with financial apps and services. The Wealthsimple Pension will help people to save for the future. Trustee Partners has rebranded…