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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 February 17, 2020

WealthTech Weekly February 17, 2020

Orion partners with Ameritas Investment Company LLC, Benjamin F. Edwards, and Great Valley Advisor Grou. Synergy Wealth Alliance joined LPL Financial’s platforms. Frontier Wealth Management acquired Highwater Wealth Management. Orion updated the Connect…

WealthTech Weekly February 10, 2020

WealthTech Weekly February 10, 2020

EP Wealth Advisors acquired International Research & Asset Management. Grab Financial Group acquired Bento. OneDigital acquires Resources Investment Advisors. Professionals at Farm Bureau Financial Services will use Riskalyze's risk metrics. WisdomTree Investments plans…

WealthTech Weekly February 3, 2020

WealthTech Weekly February 3, 2020

Goldman Sachs is rebranding United Capital. Bluespring acquires Florida RIA. Mercer Advisors buys First Ohio Planning. Fidelity now offers fractional shares trading. Riskalyze announces “Regulation Best Interest” solution. Orion leverages financial planning acquisition. GeoWealth…

WealthTech Weekly January 27, 2020

WealthTech Weekly January 27, 2020

Act Analytics launches new ESG portfolio analytics platform for RIAs. ETHIC, a Wealth Bank, Launches in Boston. Totum Risk integrates and partners with AdvisorPeak. Fiduciary Trust acquires Pennsylvania Trust. Creative Planning acquires Stratford Consulting. Wickham…

WealthTech Weekly January 20, 2020

WealthTech Weekly January 20, 2020

Visa buys Plaid. Truelytics partners SkyView Partners. Envestnet partners Dynasty Financial Partners. Independent Financial Partners partners a Galileo Money+. Flourish partners Buckingham Strategic Wealth. Apex Clearing integrated with Singapore-based Bambu.…

WealthTech Weekly January 13, 2020

WealthTech Weekly January 13, 2020

Asset-Map integrates with Black Diamond. LPL makes MoneyGuide available in ClientWorks. Goldman Sachs creates consumer & wealth management arm. UBS cuts up to 500 jobs. BBVA Wealth Solutions names its new Chief…

WealthTech Weekly January 6, 2020

WealthTech Weekly January 6, 2020

Hearsay Systems has added an automated compliance supervision component to its Relate platform. SigFig's director of quality assurance has left the robo-advice provider. Personal Capital hit a milestone of $12 billion in…

WealthTech Weekly December 23, 2019

WealthTech Weekly December 23, 2019

Moody’s Analytics is named the Data Provider of the Year. FinancialForce was named a Leader in G2’s latest reports for Professional Services Automation. MacKay will use Artivest's open-architecture digital platform. Totum Risk™…