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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 November 11, 2019

WealthTech Weekly November 11, 2019

Infinex partners Jemstep. Bridge Financial Technology and Wealthbox CRM integrate and partner. AdvicePay and Valmark announced a new strategic partnership. StratiFi Technologies integrates with SS&C's Black Diamond Wealth Platform. Envestnet adds Yodlee FinApps…

WealthTech Weekly November 4, 2019

WealthTech Weekly November 4, 2019

Chalice and Succession Link are now both available through a single sign-on. TradeZero America has signed Apex Clearing to enhance its brokerage functions. eMoney integrates with TD Ameritrade Institutional’s Veo One. Tradier Brokerage…

WealthTech Weekly October 28, 2019

WealthTech Weekly October 28, 2019

WealthBar acquired Snap Projections. Human Interest partners with Zenefits. Timeline integrates with SS&C’s Black Diamond® Wealth Platform. iCapital Network and Schwab Advisor Services announced an expanded relationship. First Rate relaunches its OnPoint solution. InvestCloud released…

WealthTech Weekly October 21, 2019

WealthTech Weekly October 21, 2019

Whealthcare Planning was recognized as Technology Thought Leadership by wealthmanagement.com. Facet Wealth was selected as DSASD's preferred partner. GeoWealth adds a series of models from Fidelity Investments to its model marketplace. Copytalk joined with Redtail.…

WealthTech Weekly October 14, 2019

WealthTech Weekly October 14, 2019

UPS, Mastercard, Etsy, Brightside, Arizona State University, and Acorns join BlackRock’s Emergency Savings Initiative. Tradeweb Markets is collaborating with Cassini Systems and OpenGamma. Broadridge is to acquire Fi360. RetireUp is part of LPL…

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…