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AssetMark Financial Holdings, Inc., agreed with Canandaigua National Corporation to acquire OBS Financial in early 2020. RIA in a Box expands the partnership with Riskalyze to launch the Client Suitability Tool. Refinitiv announced a strategic partnership with SigFig to deliver financial advice technology solutions. Rockfleet and ActiveAllocator agreed to deliver asset allocation and portfolio construction methods to mutual prospects and clients. LPL Financial LLC was named a finalist for the 2019 Money Management Institute (MMI) / Barron’s Industry Awards. Stash Invest announced Portfolio Builder, a new feature of its mobile application.

AssetMark

AssetMark Financial Holdings, Inc., announced that it has reached an agreement, through its subsidiary AssetMark Financial, with Canandaigua National Corporation to acquire OBS Financial, an established turnkey asset management platform delivering academically constructed, structured investment strategies to independent advisors, bank Trust officers and their clients, in an all-cash transaction. The transaction is expected to close in early 2020, subject to customary closing conditions.

Find details here.

LPL Financial

LPL Financial LLC, a leading retail investment advisory firm and independent broker-dealer, announced the firm has been named a finalist for the 2019 Money Management Institute (MMI) / Barron’s Industry Awards. As a Sponsor Platform of the Year finalist, LPL Financial’s Model Wealth Portfolios is nominated for exemplifying innovation in delivering better outcomes for investors and financial advisors, according to MMI.

Find details here.

RIA-in-a-Box

RIA in a Box, a leading provider of compliance, cybersecurity, and registration software for the wealth management industry, announced an expanded partnership with Riskalyze to launch the Client Suitability Tool as an expansion of its MyRIACompliance software platform. Augmenting recurring Compliance Calendar reminders to prompt assessment of client suitability and performance review, the new tool provides a more seamless experience for advisors and firms to conduct, track, and document the client suitability and portfolio review process enabled by the two platforms.

Find details here.

Refinitiv

Refinitiv has announced a strategic partnership with SigFig to deliver financial advice technology solutions. Specifically the technology will be targeted at the institutional users of Refinitiv’s BETA platform and will enable the pair to deliver an integrated digital advice experience. Under the agreement, the clearing and custody platform will leverage SigFig’s direct-to-consumer platform technology to create an end-to-end robo advice solution, featuring account opening, automated investment management and money movement.

Find details here.

Stash

Stash Invest announced Portfolio Builder, a new feature of its mobile application. The tool follows what has become a pretty standard format among other digital automated investment services, aka robo-advisors. It uses a digital risk tolerance questionnaire that takes a client through the process of determining their risk. Based on this, clients are placed into one of three risk levels: conservative, moderate and aggressive.

Find details here.

Active Allocator

Rockfleet and ActiveAllocator announced an agreement to deliver asset allocation and portfolio construction methods to mutual prospects and clients. Rockfleet serves as Placement Agent to ActiveAllocator, introducing potential qualified investors, preparing marketing materials, formulating a targeting strategy, organizing roadshows, and assisting in negotiations. This agreement gives Rockfleet access to new and assorted portfolio construction and computer science-based optimization capabilities.

Find details here.

WealthTech Weekly September 30, 2019

WealthTech Weekly September 30, 2019

Broadridge Financial Solutions launches the Data Control Solution suite. Wealthsimple acquired a Canadian tax software company. SoFi partners with Coinbase. Titan Invest launched its retirement account offering. Fidelity Investments expands the partnership with Ethic.

WealthTech Weekly September 23, 2019

WealthTech Weekly September 23, 2019

WealthBar partners with Assante Wealth Management. HiddenLevers increase integration ties with SS&C's Black Diamond Wealth Platform. Envestnet | Tamarac partners with Syracuse. St. James’s Place Wealth Management migrated to SS&C’s solutions. Northern Trust launched…

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…