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Aegon Growth Capital Fund has purchased 25 percent of the shares in InsurTech service provider RISK Verzekeringen. Social Finance (SoFi) is in the final stages of securing $500 million from the Qatar Investment Authorit. Morningstar has entered into a definitive agreement to acquire DBRS.

Questrade announced an exclusive partnership with Passiv. FinFolio integrated with Riskalyze to enable advisors to show the Risk Number on almost any FinFolio screen. HiddenLevers deepens its partnership with Orion Advisor Services LLC to deliver business intelligence insights for Orion customers. Allianz Global Investors has added the PFaroe risk and analytics technology offering in the U.S. market.

Aegon

Aegon Growth Capital Fund has purchased 25 percent of the shares in InsurTech service provider RISK Verzekeringen, both parties have announced.

Founded in the Netherlands in 2000, RISK is a service provider and proxy company for financial advisors, online labels and insurers. The company’s philosophy is that financial advisors who use RISK can fully focus on their core task of providing direct advice to their clients. In the background, RISK takes care of mid- and back-office tasks such as the administrative processing of policies and claims.

The partnership fits neatly with Aegon’s strategy of providing customers with both choice and best-in-class digital solutions, according to Maarten Edixhoven, CEO of Aegon The Nederlands.

Find details here.

Questrade

Questrade is announcing an exclusive partnership with Passiv, an innovative portfolio management software company that has a tool designed to make it easy for self-directed investors to rebalance their portfolios, thereby saving time and money for retirement. Passiv is a web app that helps implement a passive investing strategy for long term savings goals such as retirement, buying a home or saving for a child’s education. Passiv works by automatically calculating trades needed based on the investor’s target portfolio and available cash, so the investor can rebalance their portfolio with one click.

Find details here.

FinFolio

FinFolio announced they have added an integration with Riskalyze, allowing advisors the ability to track a client’s Risk Number as it pertains to the client, their portfolio and strategy. The integration gives advisors and their clients the ability to show the Risk Number on almost any FinFolio screen including firm-wide dashboards, reports and client portals.

Find details here.

HiddenLevers

HiddenLevers, a risk tech provider serving the wealth management space, announced its plans to deepen its partnership with Orion Advisor Services LLC (“Orion”), a portfolio accounting service provider for financial advisors, to deliver business intelligence insights for Orion customers.

Find details here.

Social_Financу

US-based online personal money management startup Social Finance (SoFi) is in the final stages of securing $500 million from the Qatar Investment Authority, according to Bloomberg citing four people familiar with the matter.

Find details here.

Morningstar

Morningstar, a leading provider of independent investment research, announced on Wednesday it has entered into a definitive agreement to acquire DBRS, the world’s fourth-largest credit ratings agency.

A news release indicated the transaction has a purchase price of $669 million.

Find details here.

Allianz Global Investors

Active asset manager Allianz Global Investors has added the PFaroe risk and analytics technology offering from the U.K.-based financial technology company RiskFirst for use with its defined benefit pension plans in the U.S. market.

Find details here.

WealthTech Weekly June 10, 2019

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WealthTech Weekly May 27, 2019

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Asset-Map integrates with Orion. Broadridge acquires Canadian RPM Technologies. Capitect integrates with RightCapital. Wealthsimple raised $75 million. Vestmark's Adhesion Wealth connects advisors and asset managers. Waddell & Reed launched WaddellONE technology to its advisors.

WealthTech Weekly May 20, 2019

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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…

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WealthTech Weekly May 6, 2019

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WealthTech Weekly April 29, 2019

WealthTech Weekly April 29, 2019

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WealthTech Weekly April 22, 2019

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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.

WealthTech Weekly April 15, 2019

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