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Artivest will offer product structuring and fund distribution solutions. Thomson Reuters Elite officially launches 3E in the Cloud for large and mid-sized law firms. SelfWealth will launch a new ETF targeting self-managed super funds.

Wealthsimple and TurboTax have announced a new partnership. Entreda partners with Docupace. Envestnet will provide research and due diligence services for the private wealth platform of Rockefeller Capital Management. Advyzon announced an integration with Riskalyze.

Nutmeg raised $58.2 million in funding. XY Planning founders crowdfunded $2 million for a new payment system to large financial institutions.

Betterment offers free financial advice to government employees affected by the shutdown.

Artivest

Artivest expands alternative investment platform to offer product structuring and fund distribution solutions.

Artivest’s new advisory solutions include Product Structuring: Consisting of investment research and product structuring, this capability is provided by our expanded 15-person alternative investment research team.

Find details here.

nutmeg

U.K.-based online wealth manager Nutmeg said on Tuesday it raised $58.2 million in funding from investors, including Goldman Sachs Group Inc, proceeds of which will be used mainly for international expansion.

Find details here.

Thomson Reuters

Thomson Reuters Elite officially launches 3E in the cloud for large and mid-sized firms

Thomson Reuters Elite, part of the Legal business of Thomson Reuters, announced the launch of 3E® 2.8.2, the latest version of its flagship financial and practice management solution utilized by more than 260 firms around the globe. Along with a number of product enhancements, 3E 2.8.2 enables the wide availability of 3E in the Cloud, the first Software as a Service (SaaS) financial management solution for large and mid-sized law firms.

Find details here.

Wealthsimple

Wealthsimple and online tax filing service TurboTax have announced a new partnership in time for tax season, offering a new way to save for retirement and open RRSPs.

The partnership will allow TurboTax users to asses their taxes and open an RRSP account in the same process. TurboTax users will be able to look over their tax filings to see the affect RRSPs would have on their taxable income and then have access to the Toronto-based online investment platform to open an RRSP account.

Find details here.

Entreda

Entreda, an industry-leading developer of integrated cybersecurity software and solutions for the retail wealth management industry, announced the kickoff of a series of major industry strategic alliances, starting with its new partnership with Docupace, the premiere digital operations platform for digitizing front and back office financial advisory workflows to reduce paperwork and increase productivity.

Find details here.

Envestnet

Rockefeller Capital Management has hired Envestnet to provide research and due diligence services for its newly launched private wealth platform.

Rockefeller advisors will now have access to Envestnet’s platform of 1,400 SMA strategies from 91 of the 100 largest SMA managers as well as 2,900 portfolio strategies from 180 third-party managers.

Find details here.

SelfWealth

Online broker SelfWealth will launch a new ETF targeting self-managed super funds.

The SelfWealth SMSF Leaders ETF is due to launch on the ASX this financial year and listed under the ticker code SELF. It is pending regulatory ASX approval.

ETF Securities Australia and its parent company ETFS Capital are backing SELF by providing $100 million in seed funding. ETF Securities Australia will act as the responsible entity.

Find details here.

XY Planning Network

XY Planning founders Alan Moore and Michael Kitces crowdfunded $2 million in seed money for a new venture to offer a payment system to large financial institutions, according to the firm, which was fully funded by members of the financial planning community.

Find details here.

Advyzon

Advyzon, an all-in-one, cloud-based financial advisor technology platform, announced an integration with Riskalyze, the industry-leading risk assessment tool and creator of the Risk Number®. This integration allows for Advyzon users to log in to their Riskalyze account through Advyzon’s CRM and view their client’s Risk Numbers within the Advyzon portal.

Find details here.

Betterment

Betterment joins XYPN in offering free financial advice to government employees.

As the economic impact of the shutdown grows, Betterment is offering affected federal employees free financial consultations. The 15-minute consultation calls with Betterment’s certified financial planners come after the platform saw an average withdrawal of $2,000 from Betterment customers who are also government employees or whose spouses are government employees.

Find details here.

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 21, 2019

WealthTech Weekly January 21, 2019

Bridge raised a Series A funding of undisclosed amount. 55ip partners with FinFolio. MoneyGuide announced the expansion of its financial planning platform to meet the individual needs of all advisors. Fiserv acquires First…

WealthTech Weekly January 14, 2019

WealthTech Weekly January 14, 2019

Interactive Brokers is going to launch a new turnkey wealth management solution with Martsone. Mobile banking startup N26 raised $300 million in a Series D funding round. United Capital Financial Advisers introduced…

WealthTech Weekly December 31, 2018

WealthTech Weekly December 31, 2018

iCapital Network has partnered with Rockefeller Capital Management. Wealthfront Advisers agreed to settle SEC’s claims for a $250,000 fine. Bank Of America improves the cash handling processes with a new blockchain patent. Advizr…

WealthTech Weekly December 24, 2018

WealthTech Weekly December 24, 2018

A majority stake in WealthBar Financial Services to be acquired by CI Financial. DriveWealth partners with Avenue Securities. Lincoln Financial Group partners with eMoney Advisor and Redtail Technology. LifeYield provides its Social Security Advantage solution…

WealthTech Weekly December 17, 2018

WealthTech Weekly December 17, 2018

BlackRock’s iRetire integrates with eMoney Advisor. BlackRock partners with Microsoft. Tradier Inc. partners with Jellifin. LPL’s CEO Dan Arnold lays out Integration Roadmap. RIA in a Box launches the Audit…

WealthTech Weekly December 10, 2018

WealthTech Weekly December 10, 2018

LPL Financial acquires AdvisoryWorld. Facet Wealth partners with Vestmark. Bank of New York Mellon partners with Vestwell. SmartAsset launched SmartAdvisorMatch.com. Western will launch their integrated tools powered by eMoney’s technology. Folio Financial announced the launch…