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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 System Provider in the 2019 Waters Rankings. MoneyLion announced $160 million in funding. FlexTrade Systems’ solution FlexTRADER EMS has been certified for integration with thinkFolio. DriveWealth partners Vested Finance to give Indian retail investors digital access to the US equity markets. Betterment and Wealthfront revive rivalry with high-yield cash accounts. Swell shuts down its retail impact investing platform.

Betterment

Betterment the online investing platform and virtual financial adviser Betterment debuted a high-yield savings account, rivaling those of its online competitors. Betterment just launched its own fee-free, high-yield savings account with one of the best rates on the market: 2.69%.

Find details here.

Moody's Analytics

Moody’s Analytics, a global provider of financial intelligence, has won the award for Best Reporting System Provider in the 2019 Waters Rankings. They earned this recognition for their regulatory reporting solution.

Find details here.

FlexTrade Systems

Broker-neutral technology firm FlexTrade Systems announced that its solution FlexTRADER EMS has been certified for integration with thinkFolio, the investment management platform provided by IHS Markit.

The certification means thinkFolio clients can access FlexTRADER’s functionality which offers a customizable execution management system (EMS) with pre-defined trading strategies and tactics for portfolio and single stock trading across all asset classes.

Find details here.

DriveWealth

DriveWealth has joined forces with Vested Finance to give Indian retail investors digital access to the US equity markets, reports Jane Connolly.

With its patent-pending real-time fractional share trading capabilities, DriveWealth aims to make the US stock market available to investors everywhere at an affordable cost.

Find details here.

Swell Investing

Retail impact investing platform Swell says it was “not able to achieve the scale needed to sustain operations in the current market,” and is ceasing operations Aug. 30.

Customer acquisition has been a challenge for new entrants in retail impact investing, despite market demand for accessible sustainable investing options.

Find details here.

Envestnet

Envestnet announces improvements to MoneyGuide’s MyBlocks.

Advisors interested in using MyBlocks to attract prospective clients can send custom links via email and social media, or include the link of their website, which will direct potential leads to the first portion of the a la carte financial planning application.

Find details here.

MoneyLion

Financial services company MoneyLion announced $160 million in funding, a combination of $60 million in previously unannounced funding and a $100 million Series C round, according to a company announcement. The round was co-led by Edison Partners and Greenspring Associates, with Capital One and MetaBank also making an investment.

Find details here.

Research

Betterment and Wealthfront revive rivalry with high-yield cash accounts.

The robo advice industry’s old school rivalry is back. The push for bigger client wallet share among digital advice players has seen almost every brand bolt on checking and savings accounts in the last few months.

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™…