fbpx

AdvisorEngine integrates with BNY Mellon’s Pershing. Axos Financial closed its acquisition of COR Clearing LLC of Omaha, Nebraska. DriveWealth will expand its partnership with Stake. Independent Financial Partners will partner with eMoney Advisor. LifeYield will integrate with Envestnet|Yodlee. Data aggregator PCR integrates with Schwab. Orion Advisor Services is integrating with BizEquity and Experian.

Acorns raised $105 million in Series E funding. AdvicePay raised $2 million in seed extension funding.

Docupace Technologies announced new advancements of the Docupace Platform in terms of user experience and the client onboarding and account opening process. Stockspot Savings will give clients access to competitive interest rates and leverage the BetaShares High-Interest Cash ETF. Wealthsimple launched Wealthsimple Generation for clients who deposit $500,000 or more in their portfolio. LPL advisors gain access to AdvisoryWorld’s proposal tool. Riskalyze announced that Timeline is live and available for all Riskalyze Premier users.

AdvisorEngine

AdvisorEngine, the financial experience company that provides a digital wealth management platform for financial advisors and their clients, announced the production rollout of its expansive integration with BNY Mellon’s Pershing. The integration will enable broker-dealers and RIAs that custody with Pershing to take advantage of AdvisorEngine technology.

Find details here.

acorns

Mobile app-based savings and investment platform, Acorns has raised $105 million in Series E funding, led by NBC Universal and Comcast Ventures.

The round was backed by other investors including TPG, DST, BlackRock, Bain Capital Ventures and Michael Dell’s MSD Capital. With the new funding, the company’s valuation has reached to $860 million.

Find details here.

DriveWealth

DriveWealth, LLC, a leader in global digital trading technology, announced the expansion of its partnership with Stake, the first non-U.S. company to offer commission-free trading in U.S. stocks, Exchange-Traded Funds (ETFs) and American Depositary Receipts (ADRs). The DriveWealth platform is fueling the new offering, giving South American users their first zero-commission digital access to the U.S. equity markets, beginning in Brazil in early March.

Find details here.

Docupace Technologies

Docupace Technologies, Inc., a leading provider of digital operations software for the wealth management industry, announced new advancements of the Docupace Platform with the delivery of its Winter Product Release that results in a better user experience and dramatically streamlines the client onboarding and account opening process for our customers. With the secure, cloud-based Docupace Platform, the Docupace team provides a suite of solutions that helps broker-dealers, RIAs, and their advisors digitize client onboarding, document management, advisor transitions, and other critical workflows while maintaining SEC and FINRA compliance.

Find details here.

Axos Financial

Axos Financial Inc. said on Jan. 29 that it closed its acquisition of COR Clearing LLC of Omaha, Nebraska. Final terms of the deal were not disclosed; however, Axos told investors in October that it expected a purchase price of $76 million and debt payments of $9 million.

Find details here.

AdvicePay

AdvicePay, a Bozeman, Montana-based fee-payment-processing platform designed for financial advisors has raised $2 million in seed extension funding. Rather than raising the funding from venture capital firms, AdvicePay crowdfunded the seed round through an advisor community.

Find details here.

eMoney Advisor

Independent Financial Partners (IFP), a multi-custodial RIA and soon-to-be broker-dealer with nearly 500 advisors specializing in wealth management and retirement plan consulting, announced that it will partner with eMoney Advisor, a provider of planning-centric wealth management tools.

Find details here.

stockspot

A robo-adviser and fund manager is launching a savings option that would see money invested in a high-interest cash exchange-traded fund.

Stockspot is offering Stockspot Savings, giving clients access to competitive interest rates and leveraging the BetaShares High Interest Cash ETF. The ETF is currently offering 2.02%.

Find details here.

LifeYield

LifeYield, a leading cloud-based solution that facilitates tax-smart, risk-smart management of an investor’s entire household portfolio, announced a new integration with Envestnet | Yodlee, a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services. This integration will help financial advisors identify, optimize and quantify the benefits to investors by managing multiple account registration types in a coordinated way to minimize taxes, maximize after-tax returns and be in a better position to achieve their goals.

Find details here.

Wealthsimple

Wealthsimple launched Wealthsimple Generation, a service specifically for clients who deposit $500,000 or more in their portfolio. Generation assists clients with planning for retirement, managing investments, and protecting their wealth for a 0.4 percent management fee.

Find details here.

LPL Financial

LPL advisors gain access to AdvisoryWorld’s proposal tool.

Advisors at LPL Financial can now access an investment proposal tool that the largest independent broker/dealer promised to them following a strategic acquisition.

Find details here.

Charles Schwab

Data aggregator PCR integrates with Schwab.

The integration will help Schwab better serve its institutional and family office businesses, while PCR will benefit from a tighter connection to the data it’s relied on from Schwab for over a decade. PCR serves advisors working with ultra-high-net-worth families, private banks and multifamily offices.

Find details here.

Orion

Orion Advisor Services is integrating with business valuation company BizEquity and consumer credit reporting agency Experian, in addition to providing features around event-based notifications and compliance-related maintenance of advisors’ code of ethics.

Find details here.

Finance Logix

Finance Logix CEO Oleg Tishkevich’s latest venture, an advisor-focused cloud-native software development firm called Invent.us, officially launched at T3 in Denton, Texas.

A well-known tech expert from the advisory world has returned to independence, launching a new consultancy to serve the needs of big incumbents and smaller fintech firms alike in reinventing themselves as cloud natives. Oleg Tishkevich has launched a new software development consulting firm called Invent.us.

Find details here.

Riskalyze

Riskalyze announced that Timeline, a powerful new way for advisors to visualize a client’s capacity for risk, is live and available for all Riskalyze Premier users. The firm made the announcement at the T3 Advisor Conference, taking place at the Denton Convention Center in Denton, Texas.

Find details here.

WealthTech Weekly April 15, 2019

WealthTech Weekly April 15, 2019

Broadridge launches Broadridge Securities Lending Board Insights. PIEtech launches MoneyGuideElite. Betterment partners with Goldman Sachs and BlackRock. YCharts partners WealthManagement.com. Finicity partners with Pulte Mortgage. iCapital Network was recognized in…

WealthTech Weekly April 8, 2019

WealthTech Weekly April 8, 2019

Additional Tamarac services to the users of PortfolioCenter after Envestnet | Tamarac® acquires it. LifeYield's asset location technology will be available to Mercer Advisors' 40 regional offices and centralized investment team. Vestwell Holdings raised…

WealthTech Weekly April 1, 2019

WealthTech Weekly April 1, 2019

SoFi collaborates with Delos to give homeowners access to Delos' home wellness solutions. Robinhood acquired MarketSnacks, a financial news podcast and newsletter. SigFig launched SigFig Atlas, a platform for banks and…

WealthTech Weekly March 25, 2019

WealthTech Weekly March 25, 2019

Interactive Brokers releases a new product. Morgan Stanley partners with iCapital. Wealthsimple partners with H&R Block. Empower Retirement will deliver advisory services to workers. Envestnet acquires PIEtech. Broadridge Financial Solutions…

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.…