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Jemstep launches the Jemstep Advisor Pro App on Salesforce AppExchange. SoFi announced a new ETF product focused on the gig economy. OpenInvest launches a new tool for financial advisors to model SMAs tailored to individual clients’ ESG preferences.

BlackRock and Envestnet executives discuss partnership strategy. Investor Cash Management (ICM)  has partnered with DriveWealth to provide technology, brokerage and clearing services for the new white-label accounts. Huddlestock mergers with leading Norwegian fund manager, Dovre Forvaltning. Envestnet | Tamarac announced a strategic partnership with Practifi. Goldman Sachs Group Inc nears a deal to buy United Capital Financial Partners Inc for several hundred million dollars.

Jemstep

Jemstep, a leading digital advice solutions provider, announced the launch of the Jemstep Advisor Pro App on Salesforce AppExchange, the world’s leading enterprise cloud marketplace. Jemstep serves banks, credit unions, broker dealers, insurance companies, and RIAs. The App is available today to all financial advisory firms using Jemstep Advisor Pro, Jemstep’s configurable, white-label digital advice platform. It is also configured for Lightning and Financial Services Cloud, as well as Sales and Service Clouds.

Find details here.

BlackRock

BlackRock and Envestnet executives discuss partnership strategy. The partnership was built to bring BlackRock’s technology — iRetire, FutureAdvisor, Advisor Center and Aladdin — to the thousands of advisers using Envestnet’s platform. At the 2019 Envestnet Advisor Summit in Austin, Tex., the companies gave a glimpse of what that will look like.

Find details here.

ICM

Investor Cash Management (ICM) announced the launch of its patent-pending cash management accounts linked directly to specified SEC-registered securities such as government money market and ultra-short bond funds. The company has partnered with DriveWealth, LLC, a leader in global digital trading technology, to provide technology, brokerage and clearing services for the new white-label accounts.

Find details here.

Social_Financу

SoFi announced a new exchange-traded fund (ETF) product focused on the gig economy. GIGE, which trades on Nasdaq, is an actively managed fund advised by Toroso Investments that allows investors to capitalize on this hot sector of the economy. Toroso offers a range of services around creating and managing ETFs.

Find details here.

Huddlestock

Level39 member Huddlestock has announced a merger with leading Norwegian fund manager, Dovre Forvaltning. Dovre Forvaltning is a household name in the finance industry of Norway and has become one of the most well-known fund managers in the country. Dovre’s Chief Investment Officer Stig Myrseth has been named the new CEO of Huddlestock.

Find details here.

Envestnet | Tamarac

Envestnet | Tamarac announced a strategic partnership with Practifi. Practifi offers a specialized business management platform and CRM solution for financial advisors and wealth managers, with foundations based on the industry-leading Salesforce CRM platform.

Find details here.

Goldman Sachs

Goldman Sachs Group Inc is nearing a deal to buy boutique wealth management firm United Capital Financial Partners Inc for several hundred million dollars, a source told Reuters. The acquisition could be worth $700 million to $750 million, CNBC reported.

Find details here.

OpenInvest

OpenInvest, the asset management platform that enables customization, direct indexing and impact investing at scale, is launching a new tool for financial advisors to model separately managed accounts (SMAs) tailored to individual clients’ environmental, social and governance (ESG) preferences, according to the company. The service, called Optimus, provides advisors with a set of models based around themes like sustainability or human rights, as well as allowing advisors to serve as de facto direct indexing asset managers, providing tools for customizing clients’ holdings while measuring them against market benchmarks.

Find details here.

WealthTech Weekly May 20, 2019

WealthTech Weekly May 20, 2019

Chalice partners with Riskalyze, NRS and WeWork. BlackRock acquired eFront. Wealthbox CRM integrates with the Black Diamond Wealth Platform. Nest Wealth acquires Alberta-based Razor Logic Systems. North Capital builds free financial planning platform. Atria…

WealthTech Weekly May 6, 2019

WealthTech Weekly May 6, 2019

E*TRADE's customers will trade Bitcoin and Ethereum. Interactive Brokers combines Watchlists & Scanners. Envestnet announced new analytical tools. AdvisorEngine announced deeper Junxure integrations. Broadridge acquires Rockall Technologies. IBM collaborates with Thomson Reuters. Guideline…

WealthTech Weekly April 29, 2019

WealthTech Weekly April 29, 2019

Xignite partnered with StockCharts.com. SmartRIA integrates with SS&C’s Black Diamond Wealth Platform. 55ip partnered with Shareholders Service Group. Docupace integrates with FundKeeper. TradePMR is rolling out new augmented reality technology. Wealthfront is increasing…

WealthTech Weekly April 22, 2019

WealthTech Weekly April 22, 2019

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.

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…
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