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Facet Wealth has appointed co-founder Brent Weiss, CFP, as Chief Evangelist. Xtiva launches Xtiva Connect integration service that expands on its data-driven products for the financial services sector. SoFi Invest enables users to buy and sell fractional shares with as little as $1 in over 50 popular stocks and ETFs. Voya Financial Advisors launches a new digital advice platform to support its advisors and retail clients. Chalice Financial Network has launched Succession Link 2.0. Cetera Financial Group launched a retirement income-focused tool for its affiliated advisors. DriveWealth in partnership with IPJukebox launches WealthSeed, a valuable alternative to traditional employer-sponsored plans.

First Rate and HiddenLevers integrate to enable wealth managers access to forward-looking portfolio analytics with historical portfolio results. Xignite integrates XPansion’s XMon analytics and reporting functionality into its Market Data Cloud Platform. Orion Advisor Services has purchased Advizr to incorporate the financial planning technology into its turnkey asset management program.

AssetMark launched the roadshow for its initial public offering of 12,500,000 shares of its common stock.

Facet Wealth

Facet Wealth (“Facet”), a next-generation financial services company founded on the principle of opening access to affordable, high-quality financial planning services for the mass-affluent, has appointed co-founder Brent Weiss, CFP,® as Chief Evangelist. Weiss, previously the firm’s head of planning, now pioneers this unique role in the RIA industry, underscoring Facet Wealth’s Silicon Valley DNA.

Find details here.

Xtiva

Xtiva has announced the launch of its Xtiva Connect integration service that expands on its data-driven products for the financial services sector. “We’re excited to make data-driven decision making easier for customers through our Connect product,” said Rhonda Ritter, Director of Data & Analytics, Xtiva. “Organizations are often data rich and insight poor, due to a lack of data liquidity. We are fixing that.”

Find details here.

Social_Financу

Fintech unicorn SoFi announced on Monday the general availability of its Stock Bits feature for SoFi Invest, offering the ability to buy and sell fractional shares with as little as $1 in over 50 popular stocks and ETFs ranging from Apple and Amazon, to Alphabet and Tesla.

Find details here.

First Rate

First Rate, a leading provider of wealth management solutions to the financial services marketplace, and HiddenLevers, a cutting-edge, comprehensive risk monitoring and analytics platform, announced an integration to enable wealth managers access to forward-looking portfolio analytics with historical portfolio results.

Find details here.

AssetMark

AssetMark Financial Holdings, Inc. (“AssetMark”) announced that it has launched the roadshow for its initial public offering of 12,500,000 shares of its common stock. AssetMark is offering 6,250,000 shares of common stock, and the selling stockholder, an affiliate of Huatai Securities Co., Ltd., is offering 6,250,000 shares of common stock.

Find details here.

xignate

Xignite, a provider of market data distribution and management solutions for financial services and technology companies, has announced a strategic partnership with XPansion, a provider of market data usage, tracking and business monitoring software, to integrate XPansion’s XMon analytics and reporting functionality into its Market Data Cloud Platform.

Find details here.

Orion

Orion Advisor Services has purchased Advizr, a financial planning tech company, in a move to incorporate the technology into its turnkey asset management program and tech tools while helping clients take more of the reins in the planning process.

Find details here.

DriveWealth

DriveWealth, LLC, a leader in global digital trading technology, in partnership with IPJukebox, a consumer-focused fintech company, announced the launch of WealthSeed, a new online investment product designed to give independent contractors a valuable alternative to traditional employer-sponsored plans. The DriveWealth platform is the engine for the new offering that aims to remove barriers to building long-term financial health.

Find details here.

Voya Financial

Voya Financial Advisors, the retail wealth management arm of Voya Financial, is launching a new digital advice platform to support its advisors and retail clients, according to an announcement. Called Voya Digital Adviser, the application provides investors with automated, fee-based portfolios managed by the firm.

Find details here.

Chalice Finanacial Network

Several months after Chalice Financial Network, a member benefit organization for registered investment advisors, acquired Succession Link, an online platform for financial advisors seeking potential partners for mergers and acquisitions, it has launched Succession Link 2.0, with updates intended to speed introductions and transactions between advisors looking to buy or sell.

Find details here.

Cetera

Cetera Financial Group announced the launch of a retirement income-focused tool for its affiliated advisors, the latest development on its technology roadmap. Called SetIncome, the tool can be used to create a retirement income plan that incorporates asset management models from Capital Group’s American Funds and fixed annuities from Allianz.

Find details here.

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…

WealthTech Weekly August 12, 2019

WealthTech Weekly August 12, 2019

Apex Clearing releases its inaugural Apex Millennial 100 report. Moody’s Analytics won Wholesale Modelling Software of the Year. DriveWealth partners Revolut. SPS Family will be deploying the XtivaCloud SPM platform. Envestnet is running…

WealthTech Weekly August 5, 2019

WealthTech Weekly August 5, 2019

Chalice launches the Reg-BI Readiness Platform. AdvicePay launches a fee calculator. Northern Trust Asset Management acquires Belvedere Advisors. Moody’s acquired RiskFirst. Wealthsimple selected Xignite to power its Wealthsimple Trade app. Interactive Brokers joins Tradesocio’s liquidity…

WealthTech Weekly July 29, 2019

WealthTech Weekly July 29, 2019

Betterment launched its own fee-free, high-yield savings account with one of the best rates on the market. Envestnet announces improvements to MoneyGuide's MyBlocks. Moody’s Analytics won the award for Best Reporting…