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Moody’s Analytics is named the Data Provider of the Year category by the 2019 Regulation Asia Awards for Excellence. FinancialForce was named a Leader in G2’s latest reports for Professional Services Automation.

Artivest’s open-architecture digital platform will bring its alternative solutions to MacKay’s financial advisors and qualified high-net-worth investors. Totum Risk™ integrates its risk scoring technology within the Client Portal of Orion Advisor Technology. LifeYield integrates with Orion Advisor Tech to help advisors minimize their clients’ taxes and maximize their after-tax returns. OpenFin raised $5m in Series C funding.

Hearsay Systems released an automated compliance supervision solution specifically for text messaging to proactively protect firms from financial service and telecommunication industry requirements. Advicent has launched NaviPlan 19.3, to help advisers deliver more accurate health care projections. Castle Hall launched the DiligenceExpress service enabling investors, asset managers and industry service providers to review and monitor diligence information.

Moody's Analytics

Moody’s Analytics has won the Data Provider of the Year category at the 2019 Regulation Asia Awards for Excellence. They earned this recognition for the Moody’s Analytics Data Alliance and for Orbis, from Bureau van Dijk, a Moody’s Analytics company.

Find details here.

MacKay Shields

MacKay Municipal Managers™, the municipal bond team of MacKay Shields LLC, will harness Artivest’s open-architecture digital platform to bring its alternative solutions to financial advisors and qualified high-net-worth investors. MacKay seeks to capitalize on opportunities in the municipal bond market, including the mispricing of securities, in order to provide income-oriented investors with attractive after-tax total returns.

Find details here.

Hearsay Systems

Hearsay Systems, a digital communications and workflow solutions for the financial services industry, has released an automated compliance supervision solution specifically for text messaging to proactively protect firms from financial service and telecommunication industry requirements. This solution leverages industry-specific keyword lexicons powered by Hearsay’s compliance platform with an artificial intelligence-powered risk meter.

Find details here.

OpenFin

OpenFin, a NYC-based provider of an operating system (OS) of finance, raised additional $5m in funding.

HSBC has joined Bain Capital Ventures, Barclays, CME Ventures, DRW Venture Capital, J.P. Morgan, NYCA Partners, Pivot Investment Partners, and Wells Fargo in Series C financing, bringing the total amount raised in this round to $22m and total funding to date to $45m.

Find details here.

FinancialForce

FinancialForce, an Enterprise Professional Services Automation (PSA) and the only customer-centric ERP (CCERP) cloud solution, has been named a Leader in G2’s latest Main (overall market) Grid, Enterprise Grid, Mid-Market Grid, Small Business Grid and Momentum Grid reports for Professional Services Automation. G2 recognized FinancialForce for its extremely high customer satisfaction scores and its large market presence.

Find details here.

Advicent

Advicent has launched NaviPlan 19.3, to help advisers deliver more accurate health care projections.

These forecasts can be delivered in two ways. The first is through the new NaviPlan Guided Retirement tool. This is a two-minute guided workflow that is designed to demonstrate the adviser’s value. The second is the comprehensive planning experience of the NaviPlan financial planning platform. Both approaches provide insight into how health care expenses impact an investor’s retirement spending.

Find details here.

Totum Risk

Totum Risk™, an Investment Life Scoring Tool that focuses on facts over feelings, announced the integration of its risk scoring technology within the Client Portal of Orion Advisor Technology, LLC, a division of Orion Advisor Solutions and the premier provider of financial advisor technology and investment solutions.

Find details here.

Castle Hall

Castle Hall, the Due Diligence Company, launched DiligenceExpress, a completely free of charge service enabling investors, asset managers and industry service providers to review and monitor diligence information on more than 19,000 registered investment advisors and 62,000 private funds.

Find details here.

LifeYield

LifeYield LLC, the leading cloud-based solution that facilitates tax-smart, risk-smart management of an investor’s entire household portfolio, announced a new integration with Orion Advisor Tech, a division of Orion Advisor Solutions and the premier provider of financial advisor technology and investment solutions, helping advisors minimize their clients’ taxes and maximize their after-tax returns. LifeYield’s integration draws on Orion’s client data to generate financial analytics highlighting opportunities to reposition assets for greater household tax efficiency.

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 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…

WealthTech Weekly November 18, 2019

WealthTech Weekly November 18, 2019

FastWealth partnered with DriveWealth. BridgeFT integrates and partners with AdvisorPeak. Smartleaf will optimize the back-office processes at First Western Trust Bank. WeInvest launched a new product. Envestnet|Tamarac and Flyer presented their integrated…