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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 June 10, 2019

WealthTech Weekly June 10, 2019

FinMason partnered with Silver Wealth Technologies. Panoramix integrates with Wealthbox. Docupace and WalkMe announced a strategic partnership. Broadridge launches a new blockchain-based shareholder disclosure platform in Europe. Advisor Group completed its 4th annual Wealth…

WealthTech Weekly June 3, 2019

WealthTech Weekly June 3, 2019

Aegon Growth Capital Fund purchased 25 percent of the shares in RISK Verzekeringen. Social Finance (SoFi) is in the final stages of securing $500 million from the Qatar Investment Authorit.…

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 13, 2019

WealthTech Weekly May 13, 2019

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. BlackRock and Envestnet…

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…
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