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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 March 18, 2019

WealthTech Weekly March 18, 2019

Itiviti launches unified offering following merger with Ullink. Stash launches a rewards program to bridge banking and investing. Entreda launches Unify 360 Concierge Service for cybersecurity. Wealthsimple launched a commission-free stock-trading mobile app. Oranj…

WealthTech Weekly March 11, 2019

WealthTech Weekly March 11, 2019

Chalice Financial Network forms a strategic partnership with Orion Advisor Services. TS collaborates with BIDS Trading and releases the QUO platform for managing investments. Axos Securities acquired WiseBanyan Holding and its subsidiaries. AssetMark…

WealthTech Weekly March 4, 2019

WealthTech Weekly March 4, 2019

AdvisorBid launches public profiles for all registered investment advisors. Envestnet Insurance Exchange is entering its pilot phase with financial advisors. AssetMark integrates Redtail data with its platform to simplify the client onboarding…

WealthTech Weekly February 25, 2019

WealthTech Weekly February 25, 2019

Portfolio Pathway partners with Shareholders Service Group. Vestwell partnered with OnPay. United Capital’s FinLife Partners has now 85 firms nationwide. Broadridge Financial Solutions released a study about communications with advisors.…

WealthTech Weekly February 18, 2019

WealthTech Weekly February 18, 2019

Thomson Reuters launched a new product to improve risk analysis. Wealthfront is expanding its suite of financial products. SoFi plans new lending products and move into stock trading.

WealthTech Weekly February 11, 2019

WealthTech Weekly February 11, 2019

Personal Capital raised $50 million in a Series F funding. Fidelity plans March launch of its Bitcoin custody service. 55ip's investment strategy engine is now available on the CircleBlack platform.  iCapital Network is…

WealthTech Weekly February 4, 2019

WealthTech Weekly February 4, 2019

Acorns raised $105 million in Series E funding. AdvicePay raised $2 million in seed extension funding. AdvisorEngine integrates with BNY Mellon's Pershing. Axos Financial acquires COR Clearing LLC. DriveWealth will expand its partnership…

WealthTech Weekly January 28, 2019

WealthTech Weekly January 28, 2019

Artivest expands alternative investment platform. Thomson Reuters Elite launches 3E in the Cloud. SelfWealth launches a new ETF targeting self-managed super funds. Wealthsimple partners with TurboTax. Entreda partners with Docupace. Advyzon integrates with Riskalyze. Nutmeg raised $58.2 million…