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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 September 16, 2019

WealthTech Weekly September 16, 2019

PEAK6 acquires Electronic Transaction Clearing. HiddenLevers was selected by Axxcess Wealth Management. A strategic alliance of Jackson National Life Insurance Company with eMoney Advisor. Guideline partnered with Stripe. 350 advisors have recently onboarded…

WealthTech Weekly September 9, 2019

WealthTech Weekly September 9, 2019

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WealthTech Weekly September 2, 2019

WealthTech Weekly September 2, 2019

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WealthTech Weekly August 26, 2019

WealthTech Weekly August 26, 2019

Blaze Portfolio partners with Itiviti. Artivest partners with WM Partners. FIDx partners with Ebix Inc. BridgeMark Strategies formed a strategic alliance with Chalice Financial Network. The Grove team joins Wealthfront. CAIS launches a new product with…

WealthTech Weekly August 19, 2019

WealthTech Weekly August 19, 2019

HiddenLevers will equip AGF's business development teams. RightCapital integrates with FinFolio's investment portfolio management software. CAIS partners with Schechter. LPL Financial includes Wealthbox in its Vendor Affinity Program. Chalice launches Cyber Security Protection…

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…