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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 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…