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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 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™…

WealthTech Weekly December 16, 2019

WealthTech Weekly December 16, 2019

James A. Combs Jr. is appointed to the Chalice Advisory Board. d1g1t will provide BBR's clients with its analytics, reporting and performance management software solution. Envestnet Yodlee will improve the visibility…

WealthTech Weekly December 9, 2019

WealthTech Weekly December 9, 2019

STASH partners with WeAre8. AdvisorEngine's Junxure CRM will integrate with the Schwab's new digital account opening workflow. LifeYield integrates with Schwab Advisor Services. LPL introduced New Account Opening 2.0 tool.

WealthTech Weekly December 2, 2019

WealthTech Weekly December 2, 2019

Wellington Management will use Artivest's open-architecture digital platform. eToro's new global investment portfolio is focused on foodtech. Interactive Brokers Group offers fractional shares of almost any US stock. Robinhood withdraws its bank charter…

WealthTech Weekly November 25, 2019

WealthTech Weekly November 25, 2019

Pro.com partners with SoFi. RedBlack will provide Evoke Wealth with portfolio rebalancing and trading solutions. iCapital Network partners with PIMCO. Broadridge Financial Solutions purchased ClearStructure Financial Technology. Alchemy Technologies partners with Plaid. Wellington Management chose Artivest's…