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United Capital launches an advice and planning platform for independent advisers. Betterment adds Dimensional Fund Advisors to its platform for advisers. Vestwell combines 3(38) fiduciary line-up services with target date model portfolios from Morningstar. An automated investing platform Titan is launching retirement accounts this summer.

Envestnet announced a partnership with Invent.us to help WealthTech companies connect in the cloud. RightCapital has joined LPL Financial’s Vendor Affinity Program. TD Ameritrade is offloading its retirement plan custody and trust assets to Broadridge Financial Solutions.

STASH has fulfilled half a million Stock-Back™ rewards just one month post launch. Objectway has been included in the inaugural top 100 WealthTech.

Research: Where should RIAs with low AUM turn for technology?

United Capital

United Capital Financial Advisers, LLC (“United Capital”), a Financial Life Management firm, announces the launch of FinLife Partners, a turnkey advice and planning platform that allows independent advisers access to the firm’s proprietary Financial Life Management system, including adviser-branded client experience tools, digital workflow technology and personalized on-demand coaching.

Find details here.

Betterment

Popular fund provider Dimensional Fund Advisors will soon make its mutual funds available on the Betterment for Advisors platform.

Betterment CEO Jon Stein said the move is part of a number of enhancements designed to broaden the appeal of its digital-advice platform for advisers, and one current customers have requested for years.

Find details here.

Stash

STASH, one of the fastest growing financial platforms in the U.S., simplifying how millions of Americans save and invest, announced it has fulfilled half a million Stock-Back™ rewards just one month post launch.

STASH is the only financial platform with an investment account and a debit card that work together to turn every American into an investor. Customers earn fractional shares of stock every time they use their STASH debit card. Customers automatically and instantly build investment portfolios that can reflect their spending habits by earning stock rewards directly in the companies they shop, eat, watch, listen and live with.

Find details here.

Objectway, a specialist in the digital wealth, investment & asset management sector, has been included in the inaugural top 100 WealthTech, a list of the most influential and promising wealth tech companies complied by FinTech Global, a research firm in the financial services industry. The criteria assessed by the Advisory Board and FinTech Global team included industry significance of the problem being solved, company growth, and innovation of the technology solutions in terms of potential cost savings, efficiency improvement, impact on the value chain and/or revenue enhancements generated for clients.

Find details here.

Vestwell

Vestwell, a digital retirement platform, announced the launch of a service combining 3(38) fiduciary line-up services with target date model portfolios from Morningstar Investment Management LLC, a provider of discretionary investment management and advisory services. This series of target date model portfolios, built from one of the line-ups created by Morningstar Investment Management, will give Vestwell advisors exclusive access to a new set of target-date strategies.

Find details here.

Titan

Robo quasi-hedgie Titan plans a retirement account offering to launch this summer.

Y Combinator graduate and automated investing platform Titan, which has a product similar to a hedge fund, is launching retirement accounts “this summer,” confirmed co-founder Clayton Gardner. The robo investing app functions similar to a hedge fund, offering its clients varying degrees of downside protection in the form of cash equivalents and inverse ETFs, for example, and currently offers taxable investing accounts. Its retirement offerings will include traditional, Roth and rollover IRAs.

Find details here.

Envestnet

Envestnet-veteran Oleg Tishkevich reunites with his former firm through a new partnership to help wealthtech companies connect in the cloud.

Former Finance Logix CEO Oleg Tishkevich is forming a strategic partnership with Envestnet as his new company, Invent.us, works to become the wealthtech firm’s de facto API whisperer. The two firms announced a partnership that will see Invent.us supporting Envestnet’s enterprise clients as they weigh moving cloud-based platform solutions to a new cloud-native architecture.

Find details here.

LPL Financial

Scale has its benefits, and LPL Financial, now with some 16,000 advisors, is taking advantage of it. RightCapital, which provides a financial planning software to advisors, has joined LPL Financial’s Vendor Affinity Program, a centralized repository of vendors who offer their tools to LPL advisors at a discount.

Find details here.

TD Ameritrade

In a bid to focus on its core goal of helping affiliated RIAs grow, TD Ameritrade is offloading its retirement plan custody and trust assets to a fast-growing FinTech firm.

Broadridge Financial Solutions expects to have about $420 billion in assets under administration and over 118,000 plan accounts through its mutual fund and ETF trade processing platform, Matrix Financial Solutions, after the deal closes as expected in June. The number of those assets and accounts coming from TD was not disclosed, nor was the purchase price.

Find details here.

Research

Are you big enough for the custodians?

Independent advisors rely on custodians for technology, products and support. But RIAs with low AUM don’t always have access to them. Where should these firms turn? Seek out smaller custodians. Check out TAMPs. Or plead your case to the big guys, industry insiders say.

Find details here.

WealthTech Weekly October 14, 2019

WealthTech Weekly October 14, 2019

UPS, Mastercard, Etsy, Brightside, Arizona State University, and Acorns join BlackRock’s Emergency Savings Initiative. Tradeweb Markets is collaborating with Cassini Systems and OpenGamma. Broadridge is to acquire Fi360. RetireUp is part of LPL…

WealthTech Weekly October 7, 2019

WealthTech Weekly October 7, 2019

AssetMark Financial Holdings with Canandaigua National Corporation will acquire OBS Financial. RIA in a Box expands the partnership with Riskalyze. Refinitiv partners with SigFig. Rockfleet and ActiveAllocator announce alliance. LPL Financial LLC was named a…

WealthTech Weekly September 30, 2019

WealthTech Weekly September 30, 2019

Broadridge Financial Solutions launches the Data Control Solution suite. Wealthsimple acquired a Canadian tax software company. SoFi partners with Coinbase. Titan Invest launched its retirement account offering. Fidelity Investments expands the partnership with Ethic.

WealthTech Weekly September 23, 2019

WealthTech Weekly September 23, 2019

WealthBar partners with Assante Wealth Management. HiddenLevers increase integration ties with SS&C's Black Diamond Wealth Platform. Envestnet | Tamarac partners with Syracuse. St. James’s Place Wealth Management migrated to SS&C’s solutions. Northern Trust launched…

WealthTech Weekly September 16, 2019

WealthTech Weekly September 16, 2019

PEAK6 acquires Electronic Transaction Clearing. HiddenLevers was selected by Axxcess Wealth Management. A strategic alliance of Jackson National Life Insurance Company with eMoney Advisor. Guideline partnered with Stripe. 350 advisors have recently onboarded…

WealthTech Weekly September 9, 2019

WealthTech Weekly September 9, 2019

Broadridge acquires Financial Database Services. AdvicePay integrates with Wealthbox. eMoney with Benzinga starts producing podcasts. Vestmark redesigned its website. Envestnet is working on a new feature. Trizic is rebranding and launching two new products. ScratchWorks launches…

WealthTech Weekly September 2, 2019

WealthTech Weekly September 2, 2019

Envestnet|Yodlee is a new Nacha Preferred Partner for Account Validation. Fiduciary Benchmarks has launched the Business Management Dashboard. Covr's digital platform integrates with and MoneyGuideElite financial planning software product. Facet Wealth is absorbing new clients…

WealthTech Weekly August 26, 2019

WealthTech Weekly August 26, 2019

Blaze Portfolio partners with Itiviti. Artivest partners with WM Partners. FIDx partners with Ebix Inc. BridgeMark Strategies formed a strategic alliance with Chalice Financial Network. The Grove team joins Wealthfront. CAIS launches a new product with…