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BlackRock’s iRetire integrates with eMoney Advisor. BlackRock partners with Microsoft to change how people plan and save for retirement. Tradier Inc. partners with Jellifin to enable and simplify development of active investor and digital advisory products. LPL’s CEO Dan Arnold lays out Integration Roadmap.

RIA in a Box launches the Audit Prep Tool to help compliance teams meet the requirements of SEC examinations. Vanguard Group is set to launch a Canadian robo-adviser service within the next 18 months. BNY Mellon’s Albridge was selected by Independent Financial Partners (IFP) to provide wealth reporting to its approximately 500 advisors nationwide.

Guideline lands $35 million in funding. Plaid raises $250M at a $2.65B valuation.

BlackRock

BlackRock’s iRetire to integrate with eMoney Advisor.

Staying in their lanes, BlackRock gets access to more advisors and eMoney streamlines its partnership with the asset manager.

Financial planning platform eMoney Advisor will have a new integration partner with BlackRock’s iRetire platform, starting tomorrow, the two companies confirmed. Users of eMoney will be able to access iRetire via a single sign-in on the financial planning platform’s Application page.

Find details here.

Microsoft and BlackRock aim to solve retirement planning crisis in new alliance between tech and finance giants. The companies are coming together in a new partnership focused on changing how people plan and save for retirement.

Find details here.

Guideline

Guideline lands additional $35 million in funding.

California-based 401(k) startup, Guideline, announced Wednesday that it has raised a $35 million Series C, led by Tiger Global Management. The almost-3-year-old technology startup’s existing investment partners also contributed to the round, which includes Felicis Ventures and Propel Ventures. This brings the company’s total financing to $59 million.

Find details here.

Plaid

Fintech startup Plaid raises $250M at a $2.65B valuation.

Plaid has emerged as one of the most critical contributors to financial technology’s evolution — and one of the most under the radar. The company announced a $250 million Series C investment led by famed venture capitalist and the author of the Internet Trends report Mary Meeker, who would join its board of directors as part of the deal. The funds were raised at a valuation of $2.65 billion, according to sources close to the company.

Plaid builds infrastructure that allows a consumer to interact with their bank account on the web through a number of third-party applications, like Venmo, Robinhood, Coinbase, Acorns and LendingClub.

Find details here.

RIA-in-a-Box

RIA in a Box, a leading provider of compliance, operations and registration software solutions for the wealth management industry, announced the launch of the Audit Prep Tool to help compliance teams meet the requirements of SEC examinations. The tool offers support for both clients who are actively involved in SEC examinations and compliance teams preparing for future audits.

Find details here.

LPL Financial

LPL’s CEO Dan Arnold lays out Integration Roadmap.

Arnold laid out a roadmap for the integration, designed to make ClientWorks Connected a more integral tool for LPL-associated professionals.

Find details here.

Vanguard

Global investment giant Vanguard Group is set to launch a Canadian robo-adviser service within the next 18 months in a move that will bring a formidable new competitor to the increasingly crowded field of digital portfolio management.

Vanguard Investments Canada Inc., the third largest provider of exchange-traded funds in the country by assets, will introduce a digital online advice platform for retail investors, according to three sources with knowledge of the plans.

Find details here.

bnymellon

BNY Mellon’s Albridge, an affiliate of Pershing and a leading provider of enterprise data management solutions, announced that it has been selected by Independent Financial Partners (IFP), a multi-custodial RIA and soon-to-be broker-dealer that specializes in wealth management and retirement plan consulting, to provide wealth reporting to its approximately 500 advisors nationwide.

Find details here.

Tradier

Tradier Inc. and Jellifin are happy to announce a partnership to enable and simplify development of active investor and digital advisory products on Tradier. Jellifin brings deep technical experience, design expertise and pre-developed technology assets that can tremendously reduce the need for large and small companies to create solutions from the ground-up.

Find details here.

Swanest

Swanest, a robo-adviser that makes intelligent investing simple, today launched Risk & Return Scanner, an investment calculator for financial media that automates risk and expected return analysis through the use of algorithms.

Find details here.

Investcloud

A survey conducted by InvestCloud Inc., a global FinTech firm, has found that the investment management industry is drastically under-prepared to cater to the digital needs of the next generation of investors – not only in the US, but also in the UK.

Key findings from the survey reveal that:

  • The vast majority of wealth managers (68%) know they need to improve their digital technology to survive;
  • Nearly half of investors right now (49%) use mobile apps to manage their investments, and this is only going to increase, and yet wealth managers are by and large very behind on mobile offerings; and
  • Investors are now using the digital proposition as one of the key determining factors in selecting a wealth manager (48%).

Find details here.

WealthTech Weekly January 20, 2020

WealthTech Weekly January 20, 2020

Visa buys Plaid. Truelytics partners SkyView Partners. Envestnet partners Dynasty Financial Partners. Independent Financial Partners partners a Galileo Money+. Flourish partners Buckingham Strategic Wealth. Apex Clearing integrated with Singapore-based Bambu.…

WealthTech Weekly January 13, 2020

WealthTech Weekly January 13, 2020

Asset-Map integrates with Black Diamond. LPL makes MoneyGuide available in ClientWorks. Goldman Sachs creates consumer & wealth management arm. UBS cuts up to 500 jobs. BBVA Wealth Solutions names its new Chief…

WealthTech Weekly January 6, 2020

WealthTech Weekly January 6, 2020

Hearsay Systems has added an automated compliance supervision component to its Relate platform. SigFig's director of quality assurance has left the robo-advice provider. Personal Capital hit a milestone of $12 billion in…

WealthTech Weekly December 23, 2019

WealthTech Weekly December 23, 2019

Moody’s Analytics is named the Data Provider of the Year. FinancialForce was named a Leader in G2’s latest reports for Professional Services Automation. MacKay will use Artivest's open-architecture digital platform. Totum Risk™…

WealthTech Weekly December 16, 2019

WealthTech Weekly December 16, 2019

James A. Combs Jr. is appointed to the Chalice Advisory Board. d1g1t will provide BBR's clients with its analytics, reporting and performance management software solution. Envestnet Yodlee will improve the visibility…

WealthTech Weekly December 9, 2019

WealthTech Weekly December 9, 2019

STASH partners with WeAre8. AdvisorEngine's Junxure CRM will integrate with the Schwab's new digital account opening workflow. LifeYield integrates with Schwab Advisor Services. LPL introduced New Account Opening 2.0 tool.

WealthTech Weekly December 2, 2019

WealthTech Weekly December 2, 2019

Wellington Management will use Artivest's open-architecture digital platform. eToro's new global investment portfolio is focused on foodtech. Interactive Brokers Group offers fractional shares of almost any US stock. Robinhood withdraws its bank charter…

WealthTech Weekly November 25, 2019

WealthTech Weekly November 25, 2019

Pro.com partners with SoFi. RedBlack will provide Evoke Wealth with portfolio rebalancing and trading solutions. iCapital Network partners with PIMCO. Broadridge Financial Solutions purchased ClearStructure Financial Technology. Alchemy Technologies partners with Plaid. Wellington Management chose Artivest's…