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Interactive Brokers releases a new product aimed to reduce the administrative burden of participating in a securities class action lawsuit. iCapital will become the exclusive feeder fund-service provider for the wealth-management alternative investments group of Morgan Stanley. Wealthsimple partners with H&R Block to provide Canadians with a solution to grow their tax refund chance. Empower Retirement will deliver customized advisory services to workers saving for retirement. Envestnet acquires PIEtech for $500 million. Broadridge Financial Solutions integrated SWIFT global payments innovation for its corporate clients. Redtail integrates with Snappy Kraken.

Interactive Brokers

Online trading major Interactive Brokers has announced the release of a new product which has the purpose of reducing the administrative burden of participating in a securities class action lawsuit.

Find details here.

Morgan Stanley

Morgan Stanley recently entered into an agreement with iCapital — a financial technology firm (FinTech platform). According to the agreement, iCapital will become the exclusive feeder fund-service provider for the wealth-management alternative investments group of Morgan Stanley.

Find details here.

Wealthsimple

Wealthsimple and tax prep company H&R Block have announced a partnership to provide Canadians with a solution to grow their tax refund chance. Through the offering, H&R Block customers will be able to contribute to a Wealthsimple portfolio with no management fees for the first year when they open their first account.

Find details here.

Empower Retirement

Empower Retirement announced a new means of delivering customized advisory services to workers saving for retirement through close collaboration with the skills and expertise of financial advisors.

Find details here.

Envestnet

Envestnet acquires PIEtech for $500 Million. Wealthtech innovator Envestnet announced earlier this month plans for its tenth acquisition. The Chicago-based company will bolster its existing advisor offerings with the purchase of PIEtech, a deal expected to close mid-year 2019.

Find details here.

Broadridge Financial Solutions

Broadridge Financial Solutions has integrated SWIFT global payments innovation (gpi) for its corporate clients and is now on-boarding users. The solution, introduced to enhance the speed, transparency and end-to-end tracking of cross-border payments, is now available through Broadridge’s financial messaging application (FinMApp) to all SWIFT members.

Find details here.

Redtail

Redtail Technology (“Redtail”), a leading provider of client relationship management (CRM) solutions for financial services firms, integrates with Snappy Kraken, a MarTech company focused on helping financial professionals automate their marketing and business processes.

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 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.