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WealthBar acquired Snap Projections to expand the advisor side of its business. Human Interest announced the partnership with Zenefits to allow the latter to offer 401(k) or 403(b) to its clients. Timelineapp Tech Limited announced the integration of its Timeline with SS&C’s Black Diamond® Wealth Platform. iCapital Network and Schwab Advisor Services announced an expanded relationship in which Schwab will provide shareholder servicing for funds serviced by iCapital. Aurora Private Wealth has joined Chalice Financial Network™ as a new enterprise member.

eMoney Advisor concluded the 2019 eMoney Summit for planning-led financial advisory professionals. First Rate announced the relaunch of OnPoint, First Rate’s innovative reporting solution. InvestCloud has released Open CRM for use in the investment management industry. Schwab Advisor Services introduced the Schwab Alternative Investment Marketplace™ platform, which delivers a number of benefits for independent advisors.

WealthBar

Snap Projections, a financial planning software startup, has been acquired by Vancouver-based wealth management company WealthBar Financial Services. Terms of the deal were not disclosed.

Earlier this year, WealthBar, a fellow startup that was founded in 2012, was acquired by CI Financial, which offers global asset management and wealth management advisory services. Despite the acquisition, WealthBar continued to operate as a stand-alone business. The acquisition of Snap Projections is part of WealthBar’s plans to expand the advisor side of its business.

Find details here.

eMoney Advisor

eMoney Advisor (eMoney), a leading provider of technology solutions and services that help people talk about money, concluded the 2019 eMoney Summit, the industry’s premier event for planning-led financial advisory professionals, by showcasing product solution prototypes born out of the Summit’s Ideation Lab.

Dedicated members of the eMoney product, development and design teams worked with a group of advisors to capture insights directly related to priority products and features already on eMoney’s roadmap, eventually presenting prototype solutions to all attendees to collect even more feedback.

Find details here.

Human Interest

Human Interest, an online 401(k) and 403(b) provider, announced the partnership with Zenefits, one of the most innovative HR and payroll software and services providers. Through this partnership, we’ll be offering a “no-touch” integration. That means that businesses who use Zenefits’ payroll software will be able to offer a Human Interest 401(k) or 403(b) to their employees without any manual work that’s involved in managing a company’s retirement plan, such as updating contributions amounts, sending out compliance notifications, etc.

Find details here.

First Rate

First Rate, a leading provider of wealth management solutions to the financial services marketplace, announced the relaunch of OnPoint, First Rate’s innovative reporting solution that enables  firms to design unique client performance and analytical reports to tell your investor’s unique investment story.

Originally launched in 2015, OnPoint was a finalist for the client reporting technology category in the WealthManagement.com awards for its flexible design, making it quick, easy, and cost effective to create branded, boardroom-quality statements that clearly communicate the value you add to your clients’ wealth management experience.

Find details here.

Timeline

Timelineapp Tech Limited announced the integration of Timeline, its retirement income software, with SS&C’s Black Diamond® Wealth Platform. The integration enables Timeline users to efficiently import client details and account holdings data from Black Diamond to create sustainable retirement plans.

This integration empowers advisors using Black Diamond to assess the sustainability of withdrawal from drawdown portfolios, show clients how different scenarios may impact their portfolio, prepare clients for market volatility and highlight longevity risk. Once Black Diamond data is in Timeline, the retirement plan is 90% complete. Advisors can then work with their clients to decide on an appropriate withdrawal strategy and evaluate results.

Find details here.

Investcloud

InvestCloud, a platform for the development of financial digital solutions, pre-integrated into the cloud with $2 trillion+ in assets, has released Open CRM, an enhanced customer relationship management system.

Open CRM was created specifically for use in the investment management industry. The company also announced Integrated CRM, designed to overlay a client’s existing systems while leveraging the capabilities of the full version.

Find details here.

Charles Schwab

Schwab Advisor Services introduced the Schwab Alternative Investment Marketplace™ platform, which gives Schwab’s independent advisor clients access to third-party platform sponsors that offer menus of private funds. The new platform delivers a number of benefits for independent advisors, including removal of custodial fees, streamlined capital call processing, and access to third-party alternative investment funds.

Find details here.

iCapital Network

iCapital Network, the financial technology platform setting the industry standard for access and efficiency in alternative investing, and Schwab Advisor Services announced an expanded relationship in which Schwab will provide shareholder servicing for funds serviced by iCapital. iCapital will be the first platform provider on the Schwab Alternative Investment MarketplaceTM platform introduced today. The agreement will create an end-to-end, automated alternative investing process for advisors who utilize the Schwab platform.

Find details here.

Chalice Financial Network

Chalice Financial Network™, an online member-based digital marketplace for independent, small- and mid-sized businesses that provides exclusive access to business, technology and client-service solutions, announced that the leading wealth management enterprise, Aurora Private Wealth, has joined as a new enterprise member, giving their advisors access to Chalice’s array of resources and quality products.

Find details here.

WealthTech Weekly March 30, 2020

WealthTech Weekly March 30, 2020

Demand Wealth received an investment from Niche Investment Partners. iCapital Network closed a $146 million financing round. Registrar Corp acquired Vinca. Envestnet partners with Compliance Solutions Strategies. Allianz Global Investors joined…

WealthTech Weekly March 23, 2020

WealthTech Weekly March 23, 2020

DriveWealth partners with Wealthface. United Planners has new general partners. Wealthface moves to the MENA region. Modern Capital is to acquire Western Equity Group. Addepar got an investment of $40 million. HiddenLevers…

WealthTech Weekly March 16, 2020

WealthTech Weekly March 16, 2020

CAPTRUST Financial Advisors has acquired Welch Hornsby. AdvisorTouch integrated into Wealthbox CRM. Sanctuary Wealth partners with Conversant Wealth Management. All Seasons Wealth acquired personal finance practices. TradePMR rolls out refined trading tools on…

WealthTech Weekly March 9, 2020

WealthTech Weekly March 9, 2020

AssetMark bought OBS Financial. Broadridge acquired FundsLibrary. Mariner Wealth Advisors will acquire the assets of Wealth Health. InvestCloud launches an InvestCloud White platform.

WealthTech Weekly March 2, 2020

WealthTech Weekly March 2, 2020

NFP Ventures invests in Wealth Technologies. Charles Schwab purchases Wasmer Schroeder. Morgan Stanley acquires E*Trade. RBC Wealth Management acquires Visionary Wealth Management. National Advisors Trust partnered with Dynasty Financial Partners. Key Private Bank selected the…

WealthTech Weekly February 24, 2020

WealthTech Weekly February 24, 2020

Motive Partners acquired a majority interest in the Investment Services business of Fiserv. Wealth Enhancement Group acquires JOYN Advisors. Savant Capital Management and Huber Financial Advisors finalized their merger. Franklin Resources agreed to buy…

WealthTech Weekly February 17, 2020

WealthTech Weekly February 17, 2020

Orion partners with Ameritas Investment Company LLC, Benjamin F. Edwards, and Great Valley Advisor Grou. Synergy Wealth Alliance joined LPL Financial’s platforms. Frontier Wealth Management acquired Highwater Wealth Management. Orion updated the Connect…

WealthTech Weekly February 10, 2020

WealthTech Weekly February 10, 2020

EP Wealth Advisors acquired International Research & Asset Management. Grab Financial Group acquired Bento. OneDigital acquires Resources Investment Advisors. Professionals at Farm Bureau Financial Services will use Riskalyze's risk metrics. WisdomTree Investments plans…