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Founders Investment Services, offered at Founders Federal Credit Union, has joined LPL Financial’s broker-dealer and corporate RIA platforms. LPL Financial acquires AdvisoryWorld. Facet Wealth announced its partnership with Vestmark to enhance Facet’s investment management capabilities. Bank of New York Mellon partners with Vestwell to give the bank a technological boost as it embarks on a foray into service offerings for state-sponsored retirement plans.

IRESS allows third-party software providers to directly access and integrate with XPLAN. DriveWealth has selected Scivantage’s Maxit E2E to provide automated cost basis reporting.

SmartAsset launched SmartAdvisorMatch.com, an extension that will include free profiles of advisors. Western will launch their integrated client portal and financial planning tools powered by eMoney’s wealth management technology. Folio Financial announced the launch of the Digital Wealth Platform.

RBC InvestEase is now available across Canada.

LPL Financial

LPL Financial LLC, a leading retail investment advisory firm and independent broker-dealer, announced that Founders Investment Services, offered at Founders Federal Credit Union, has joined LPL Financial’s broker-dealer and corporate registered investment advisor (RIA) platforms. Founders Investment Services reported that its advisors served approximately $300 million of client brokerage and advisory assets. The team joins from Cetera Advisor Networks.

More information is here.

LPL Financial acquires AdvisoryWorld, a family-owned asset allocation software firm for $28 million, as the largest independent broker-dealer seeks to ramp up technology for its 16,000 advisors.

CEO Dan Arnold has pledged to spend $125 million on tech this year, under what he has described as a transformation of the firm’s culture and a quarter of a billion dollars in total investments into tech, recruiting and organic growth for advisors. LPL’s full move onto a new operating platform took about four years.

More information is here.

RBC InvestEase

RBC InvestEase is now available across Canada. Canadians who are sitting on the sidelines – unsure how to invest or what to invest in – today have a new digital investment advice service to help them build their financial futures: RBC InvestEase, that combines the best of digital automation and RBC expert advice.

More information is here.

SmartAsset

SmartAsset announced that it launched SmartAdvisorMatch.com, an extension of its online advisor-prospect matchmaking service SmartAdvisor that will eventually include free profiles of about 300,000 advisors.

At its launch in late October, the database included 400-word profiles of 50,000 advisors, with plans to increase that number to 100,000 by year-end and to 300,000 by year-end 2019. The company said in late November that it was ahead of schedule in achieving that 100,000-profile goal by the end of December.

More information is here.

Iress

IRESS has said that XPLAN clients will be able to easily allow third-party software providers to directly access and integrate with XPLAN.

The announcement was part of IRESS Open, which will see IRESS expand the number of integrations available to clients by making access to IRESS’ existing APIs “simpler and easier.”

More information is here.

Facet Wealth

Facet Wealth (“Facet”), a next-generation financial services company, announces its partnership with Vestmark, a leading provider of portfolio management and trading solutions for financial institutions and advisors, to enhance Facet’s investment management capabilities.

Vestmark’s platform will provide scale to Facet Wealth’s investment process, further driving Facet’s growth as it uses its proprietary advances in machine learning and artificial intelligence to provide high-touch, human-first financial planning to mass-affluent households.

More information is here.

Western International Securities

Western will launch their integrated client portal and financial planning tools, which will be powered by eMoney’s industry-leading wealth management technology.

eMoney’s industry-leading client portal offers the clients of Western advisors a real-time, on-demand financial experience that strengthens relationships and keeps advisors at the forefront of digital trends. Features of the platform include self-registration and onboarding, mobile web access, account aggregation and organization, and unlimited, secure document storage.

More information is here.

Scivantage

Scivantage®, a leading SaaS provider of Cost Basis, Information Reporting and Digital Wealth Management solutions announced that DriveWealth, LLC, an innovator in digital broker solutions, has selected Scivantage’s Maxit E2E to provide automated cost basis reporting and complete end-to-end tax reporting to its brokerage clients.

More information is here.

Vestwell

Bank of New York Mellon and Vestwell are entering a partnership that will give the bank a technological boost as it embarks on a foray into service offerings for state-sponsored retirement plans. The bank signed Vestwell as an affiliate, meaning several of the banking behemoth’s units, including BNY Mellon Custody, Pershing brokerage services, Lockwood asset management and retirement plan management solution, Sumday, will all have access to the newly signed firms’ homegrown retirement plan-focused interface.

More information is here.

Folio Financial

Folio Financial, a leading brokerage, custody and financial technology company, announced the launch of their latest innovation, the Digital Wealth Platform (DWP)—a modern, digital wealth management platform that is leading the next evolution of digital advice.

More information is here.

Envestnet|Yodlee

Envestnet | Yodlee, a data aggregation and analytics platform powering dynamic, cloud-based innovation for digital financial services, announced on Thursday the members of the newest Envestnet | Yodlee Incubator class.

According to Envestnet | Yodlee, the incubator connects disruptive data-driven startups with the mentorship, strategic guidance, and continuous guidance on all aspects of growing a business, while also providing free access to the Envestnet | Yodlee Data Platform.

More information is here.

Financial Planning Tech Survey

Tech Survey: How advisors restock toolkits amid fintech’s ‘Wild West’

Mobile is No. 1. The fervor for robo advice is cooling. Cost concerns abound. And FOMO paralysis is holding firms back from big purchases. Those are just some of the major findings of this year’s Financial Planning Tech Survey.

More information is here.

2018 Millennial Saving & Investing Habits survey

YCharts’ research: Millennials are saving, but hesitate to use financial advisors.

YCharts, a modern investment research platform that enables smarter investments, announced the results of the company’s 2018 Millennial Saving & Investing Habits survey, revealing that millennials aren’t convinced of the value provided by financial advisors, opting instead for self-directed brokerage accounts, yet are more financially responsible than they get credit for.

More information is here.

WealthTech Weekly June 10, 2019

WealthTech Weekly June 10, 2019

FinMason partnered with Silver Wealth Technologies. Panoramix integrates with Wealthbox. Docupace and WalkMe announced a strategic partnership. Broadridge launches a new blockchain-based shareholder disclosure platform in Europe. Advisor Group completed its 4th annual Wealth…

WealthTech Weekly June 3, 2019

WealthTech Weekly June 3, 2019

Aegon Growth Capital Fund purchased 25 percent of the shares in RISK Verzekeringen. Social Finance (SoFi) is in the final stages of securing $500 million from the Qatar Investment Authorit.…

WealthTech Weekly May 27, 2019

WealthTech Weekly May 27, 2019

Asset-Map integrates with Orion. Broadridge acquires Canadian RPM Technologies. Capitect integrates with RightCapital. Wealthsimple raised $75 million. Vestmark's Adhesion Wealth connects advisors and asset managers. Waddell & Reed launched WaddellONE technology to its advisors.

WealthTech Weekly May 20, 2019

WealthTech Weekly May 20, 2019

Chalice partners with Riskalyze, NRS and WeWork. BlackRock acquired eFront. Wealthbox CRM integrates with the Black Diamond Wealth Platform. Nest Wealth acquires Alberta-based Razor Logic Systems. North Capital builds free financial planning platform. Atria…

WealthTech Weekly May 13, 2019

WealthTech Weekly May 13, 2019

Jemstep launches the Jemstep Advisor Pro App on Salesforce AppExchange. SoFi announced a new ETF product focused on the gig economy. OpenInvest launches a new tool for financial advisors. BlackRock and Envestnet…

WealthTech Weekly May 6, 2019

WealthTech Weekly May 6, 2019

E*TRADE's customers will trade Bitcoin and Ethereum. Interactive Brokers combines Watchlists & Scanners. Envestnet announced new analytical tools. AdvisorEngine announced deeper Junxure integrations. Broadridge acquires Rockall Technologies. IBM collaborates with Thomson Reuters. Guideline…

WealthTech Weekly April 29, 2019

WealthTech Weekly April 29, 2019

Xignite partnered with StockCharts.com. SmartRIA integrates with SS&C’s Black Diamond Wealth Platform. 55ip partnered with Shareholders Service Group. Docupace integrates with FundKeeper. TradePMR is rolling out new augmented reality technology. Wealthfront is increasing…

WealthTech Weekly April 22, 2019

WealthTech Weekly April 22, 2019

United Capital launches an advice and planning platform for independent advisers. Betterment adds Dimensional Fund Advisors to its platform for advisers. Vestwell combines 3(38) fiduciary line-up services with target date model portfolios from Morningstar.
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