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UPS, Mastercard, Etsy, Brightside, Arizona State University, and Acorns join BlackRock’s Emergency Savings Initiative to help people establish a financial safety net. Tradeweb Markets is collaborating with Cassini Systems and OpenGamma to integrate margin optimization analytics with Tradeweb’s interest rate derivatives platform. Broadridge entered into a purchase agreement to acquire Fi360 to provide its wealth and retirement advisors with fiduciary tools. RetireUp is now part of LPL Financial’s Vendor Affinity Program.

Nutmeg widened its losses by more than £6m last year as it invested in attracting new customers. FinMason has analyzed over 10 million portfolios for clients since launching its analytics API service in 2017. SkyView Partners announced the launch of their Advisory Practice Board of Exchange (APBOE). A new suite of tools from BNY Mellon Pershing, called “Money in Motion,” purports to help financial advisors better track and ascertain the health of their business performance.

BlackRock

UPS, Mastercard, Etsy, Brightside, Arizona State University, and Acorns will join BlackRock’s Emergency Savings Initiative to help their employees, customers, gig workers, and college students take the essential first step towards long-term financial well-being.

With nearly 40% of Americans lacking enough savings to cover a $400 emergency expense without selling something or borrowing money, BlackRock’s flagship philanthropic initiative aims to help one million people establish a financial safety net.

Find details here.

nutmeg

Nutmeg, the online wealth management firm, widened its losses by more than £6m last year as it invested in attracting new customers.

Operating losses deepened from £12.3m to £18.6m despite an increase in turnover from £4.6m to £7.2m, as expenses expanded to £22.7m from £17m the previous year.

The London-based fintech, which manages more than £1.8bn, is yet to make a profit since its launch in September 2012.

Find details here.

Tradeweb

Tradeweb Markets, an operator of electronic transaction venues for rates, credit, equities and money markets, is collaborating with margin optimization services providers Cassini Systems and OpenGamma to integrate margin optimization analytics with Tradeweb’s interest rate derivatives platform.

Find details here.

Broadridge Financial Solutions

Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader and part of the S&P 500® Index, has entered into a purchase agreement to acquire Fi360, Inc. Fi360 is a leading provider of fiduciary-focused software, data and analytics for financial advisors and intermediaries across the retirement and wealth ecosystem. Fi360 also provides the accreditation and continuing education for the Accredited Investment Fiduciary® (AIF®) Designation, the leading designation focused on fiduciary responsibility.

Broadridge’s acquisition of Fi360 will enhance its existing retirement solutions by providing wealth and retirement advisors with fiduciary tools that complement its Matrix trust and trading platform.

Find details here.

FinMason

U.S.-based fintech FinMason announced it has analyzed over 10 million portfolios for clients since launching its analytics API service in 2017. As previously reported, FinMason claims to be the world’s largest independent investment analytics engine for financial services platforms. The fintech firm notably provides access to more than 700 calculations on every publicly traded asset in the world delivered through one simple API.

Find details here.

RetireUp

RetireUp, a respected provider of integrated retirement income planning solutions, announced it is now part of LPL Financial’s Vendor Affinity Program. As part of the program, the more than 16,000 advisors affiliated with LPL, a leader in the retail financial advice market and the nation’s largest independent broker-dealer, can access the solutions at a discounted price.

Find details here.

SkyView Partners

SkyView Partners, a leading correspondent lender exclusively focused on empowering independent advisors, broker dealers, and RIAs to pursue mergers, acquisitions and succession plans, announced the launch of their Advisory Practice Board of Exchange (APBOE). APBOE is a subscription-free turnkey solution for buying and selling wealth management practices in conjunction with access to bank financing via a secure and confidential platform.

Find details here.

BNY Mellon Pershing

A new suite of tools from BNY Mellon Pershing purports to help financial advisors better track and ascertain the health of their business performance divorced from the daily dips and jumps of market performance, according to the clearing and custody provider. The suite of tools is called “Money in Motion” and can clue financial professionals into warning signs that might be masked by a market on the upswing, according to Pershing. The initiative to build them was announced back in June and were discussed in some detail by Pershing CIO Ram Nagappan at that time.

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…