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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 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…