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PEAK6 acquires Electronic Transaction Clearing. HiddenLevers was selected by Axxcess Wealth Management to power its Axxcess Allocator platform. Jackson National Life Insurance Company announced a new strategic alliance with eMoney Advisor. Guideline partnered with Stripe on the launch of their Corporate Card. 350 advisors successfully onboarded Capitect over the last 18 months. Aaron Klein, CEO, Riskalyze, reviews the biggest news to hit advisor technology in the previous month.

PEAK6

PEAK6, the Chicago-based investment and technology firm, announced the acquisition of Electronic Transaction Clearing, Inc. (“ETC”), a custodian and clearing provider with an innovative, technology-driven approach to serving the institutional and professional trading marketplace.

ETC’s institutional orientation will expand PEAK6’s footprint in custody and clearing and is a direct complement to one of its core businesses, Apex Clearing, which is primarily focused on the retail marketplace.

Find details here.

HiddenLevers

Axxcess Wealth Management, a fast-growing turnkey asset management program, has selected HiddenLevers, a premiere wealth management tech provider, to power its Axxcess Allocator platform, its end-to-end portfolio management solution for financial advisors.

Find details here.

eMoney Advisor

Jackson National Life Insurance Company® (Jackson®) announced a new strategic alliance with eMoney Advisor, a leading provider of technology solutions and services that help people talk about money. The collaboration enables Jackson’s wholesalers to show financial professionals how to use eMoney’s comprehensive financial planning software to evaluate how protected lifetime income can help address certain needs in retirement.

Find details here.

Capitect

Capitect, an innovative advisor technology platform, announced the growing momentum of its portfolio management, performance reporting and rebalancing system, including onboarding over a third of the XY Planning Network’s (XYPN) growing number of members. Recently surpassing 1,000 members, XYPN is one of the industry’s fastest growing groups of independent RIA firms and through an exclusive partnership with Capitect, XYPN members are able to access Capitect’s capabilities, with over 350 advisors successfully onboarded over the last 18 months.

Find details here.

Guideline

Guideline partnered with Stripe on the launch of their Corporate Card to provide fast-growing companies with the tools they need to run their businesses. Stripe Corporate Card customers who sign up for a new Guideline 401(k) will get their first three months with Guideline free.

Find details here.

Riskalyze

Riskalyze CEO Aaron Klein gives the thumbs-up or thumbs-down on the biggest news to hit advisor technology in the previous month.

Find details here.

WealthTech Weekly July 6, 2020

WealthTech Weekly July 6, 2020

Empower Retirement acquires Personal Capital. FIS is teaming up with FICO. The CFP Board Center for Financial Planning partners with Facet Wealth. Orion Advisor Solutions and Brinker Capital create a…

WealthTech Weekly June 29, 2020

WealthTech Weekly June 29, 2020

Envestnet partners with Dynasty Financial Partners. Orion partners with State Street Global Advisors. Smartleaf partners with Melius Investments. Cary Street Partners acquired Waypoint Advisors. Advisor Group rolls out its new eQuipt Dashboard. Ellevest is…

WealthTech Weekly June 22, 2020

WealthTech Weekly June 22, 2020

LPL advisors now have access to AdvicePay. GeoWealth announced a strategic alliance with Foreside Financial Group. TD Ameritrade Institutional launches a new RIAConnent tool. Broadridge launches AI-powered platform. Intuit QuickBooks' new ML-powered tool…

WealthTech Weekly June 15, 2020

WealthTech Weekly June 15, 2020

M1 Finance raised $33 million. DriveWealth partners with Winvesta Ltd. AdvisorPeak partners with FinMason. Act Analytics integrates with SS&C Advent’s Black Diamond® Wealth Platform. GeoWealth adds PIMCO fixed income model portfolios to…

WealthTech Weekly June 8, 2020

WealthTech Weekly June 8, 2020

Northern Trust partnered BlackRock. InvestorCOM announced a deal with Morningstar Inc. RIA in a Box, Morningstar, Redtail Technology (Redtail), and Riskalyze help new RIAs. Charles Schwab gets DOJ approval to buy…

WealthTech Weekly June 1, 2020

WealthTech Weekly June 1, 2020

Regal Holdings selected InvestorCOM's Reg BI compliance platform. LPL Financial purchases the assets of E.K. Riley. Envestnet builds AI-driven app. Vestwell launches a new retirement plan solution. FinMason was selected by RiskPro. Charles Schwab acquires…

WealthTech Weekly May 25, 2020

WealthTech Weekly May 25, 2020

Smarsh is to acquire Entreda. SS&C Technologies has acquired Innovest Systems. AdvicePay has an agreement with LPL Financial. EquityZen partners with Addepar. DriveWealth has an agreement with Access Softek. Raymond James, Scopus Financial Group,…

WealthTech Weekly May 18, 2020

WealthTech Weekly May 18, 2020

Xtiva raises $10 million. iCapital Network acquired Artivest. Goldman Sachs plans to buy Folio Financial. FIDx partners with RetireOne. Smartleaf is partnering with IDX Insights. Twenty Over Ten integrates with…