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Asset-Map announced an expansion of their integration with Orion Advisor Services. Broadridge Financial Solutions is to acquire Canadian RPM Technologies. Capitect announced a new technology integration with RightCapital to simplify and streamline the data gathering process for advisors.

Wealthsimple raised 100 million Canadian dollars ($75 million). The Robo-Advising market could reach $1.26 trillion in assets by 2023.

Vestmark’s Adhesion Wealth continues to expand its innovative suite of tools to connect advisors and asset managers. Waddell & Reed launched WaddellONE technology to its advisors. Redtail CRM data breach exposes personal client data.

Asset-Map

Asset-Map announced an expansion of their integration with Orion Advisor Services, LLC (“Orion”), the premier portfolio accounting service provider for financial advisors. In this latest update, advisors who use Orion with their clients will now be able to seamlessly access and edit their client’s Asset-Maps from directly within the Orion Insight Dashboard.

Find details here.

Broadridge Financial Solutions

Broadridge Financial Solutions, Inc. (NYSE: BR), a global Fintech leader and part of the S&P 500® Index, announced that it has entered into a purchase agreement to acquire RPM Technologies, a leading Canadian provider of enterprise wealth management software solutions and services for approximately $300 million USD. RPM’s technology platforms today support over 15 million customer accounts. Building on Broadridge’s strong Canadian Wealth Management business, the acquisition will bring important new capabilities and next-generation technology to both RPM’s and Broadridge’s clients.

Find details here.

Wealthsimple

Online investment management platform Wealthsimple said Wednesday that it raised 100 million Canadian dollars ($75 million) in a fresh round of funding.

The Toronto-based start-up said the investment was led by the digital investment arm of Germany’s Allianz, Allianz X, with additional backing coming from early investor Power Financial.

Find details here.

Capitect

Capitect, an innovative advisor technology platform, and RightCapital, a next-generation financial planning tool, announced a new technology integration that will simplify and streamline the data gathering process for advisors. By syncing data across both platforms, advisors will be able to enhance the financial plans they create in RightCapital with the portfolio management and rebalancing tools in Capitect.

https://www.prweb.com/releases/capitect_and_rightcapital_announce_new_integration_connecting_the_two_next_generation_solutions/prweb16328984.htm

Vestmark

Adhesion Wealth™(Adhesion), a Vestmark company, continues to expand its innovative suite of tools to connect advisors and asset managers. The firm has recently completed the roll-out of Adhesion Manager Communities, an enhanced set of capabilities providing both registered investment advisors (RIAs) and asset managers with intuitive analytics, communication, and marketing capabilities to allow the two communities to foster stronger connections.

Find details here.

Redtail

Redtail CRM data breach exposes personal client data. The information exposed includes names, addresses, dates of birth and Social Security numbers.

“Less than 1% of Redtail clients were affected by this data exposure,” Redtail CEO Brian McLaughlin said in an emailed statement. “We are taking this matter very seriously and are doubling down on our efforts to ensure that our customers’ data is safe and secure.”

Find details here.

Waddell & Reed

Waddell & Reed deploys Thomson ONE technology. Eager to provide its advisors with better connectivity, Waddell & Reed is building a desktop “hub.”

Nearly four months after announcing an agreement with Refinitiv to deploy Thomson ONE to its advisors as a desktop “hub,” Waddell & Reed launched WaddellONE to its over 1,300 advisors and advisor associates, according to the firm. The platform will give advisors “direct connectivity” to “several” of the firm’s tech partners, including eMoney, Envestnet (which the firm partnered with in 2016) and Albridge Wealth Reporting.

Find details here.

Market overview

The Robo-Advising market could reach $1.26 trillion in assets by 2023. Aite Group predicts traditional full-service wealth management firms and discount/online brokerages will likely capture the bulk of the robo-advising market over the next five years.

Find details here.

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…

WealthTech Weekly August 19, 2019

WealthTech Weekly August 19, 2019

HiddenLevers will equip AGF's business development teams. RightCapital integrates with FinFolio's investment portfolio management software. CAIS partners with Schechter. LPL Financial includes Wealthbox in its Vendor Affinity Program. Chalice launches Cyber Security Protection…