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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 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 7, 2019

WealthTech Weekly October 7, 2019

AssetMark Financial Holdings with Canandaigua National Corporation will acquire OBS Financial. RIA in a Box expands the partnership with Riskalyze. Refinitiv partners with SigFig. Rockfleet and ActiveAllocator announce alliance. LPL Financial LLC was named a…

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…