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Goldman Sachs is rebranding United Capital. Bluespring acquires Florida RIA with $400 million in assets. Mercer Advisors buys First Ohio Planning. Fidelity now offers fractional shares trading for stocks and ETFs to its customers. Riskalyze announces “Regulation Best Interest” solution. Orion leverages financial planning acquisition to drive advisor growth and elevate the client experience.  GeoWealth surpasses $8 billion in assets on Advisor Platform, $2 billion in AUM. Brinker Capital’s Wealth Advisory division surpassed $5 billion in AUM. Cabana surpassed $1 billion in advisory AUM.

United Capital

United Capital will become Goldman Sachs Personal Financial Management. Goldman Sachs is rebranding United Capital, which it acquired in May for $750 million in cash, as Goldman Sachs Personal Financial Management. The bank announced the new name Wednesday during its first-ever investor day, as Eric Lane, co-head of Goldman’s consumer and investment management division, detailed plans to grow its financial advice business.

Find details here.

Fidelity Investments

Fidelity, the largest online brokerage firm, announced that it is offering fractional shares trading for stocks and ETFs to its 23 million customers. Fractional trading, or what Fidelity calls “dollar based investing,” allows customers to buy and sell as little as 0.001 of a share using Fidelity’s mobile app for iOS and Android.

Find details here.

GeoWealth

GeoWealth, a leading financial technology and investment advisory firm, announced that it has surpassed $8 billion in assets on its advisor platform and $2 billion in assets under management. Serving financial advisors and the broader investment community with its next-generation turnkey asset management platform (TAMP), GeoWealth now has over 500 advisors using its platform and powers more than 55,000 individual accounts.

Find details here.

Brinker Capital

Brinker Capital, a leading investment management company focused on multi-asset class investing, announced that its Wealth Advisory division surpassed $5 billion in assets under management after the company made enhancements to the offering and reduced the investment minimum to $1 million in 2018.

Find details here.

Bluespring

Bluespring acquires Florida RIA with $400 million in assets. Bluespring Wealth Partners, the RIA acquisition unit of Kestra Financial, said it has purchased Retirement Wealth Specialists, which has offices in St. Augustine, Longwood and Sarasota, Fla.

Find details here.

Riskalyze

Riskalyze announced brand new functionality and workflows as upgrades to its Riskalyze Select and Elite products to help financial advisors and wealth management enterprises address all four components of the new Regulation Best Interest (Reg BI) rule that is expected to take effect later this year. Riskalyze gives advisors the ability to assess client risk tolerance, build a proposal through a proprietary Reg BI-compliant workflow, attach and document the delivery for Form CRS with those proposals, implement them via Trading Automation, and give home offices visibility into the process with a configurable enterprise dashboard.

Find details here.

Cabana Asset Management

Cabana Asset Management, an SEC-registered investment adviser providing risk-managed investment options to investors, advisors and institutions, announced the firm has surpassed $1 billion in advisory assets under management (AUM).

A wholly-owned subsidiary of The Cabana Group, LLC, Cabana relies on its proprietary Cyclical Asset Reallocation Algorithm to build and actively manage a series of investment portfolios it offers as its Target Drawdown Series. With offices in ArkansasTexas, and Colorado, the firm provides money management services to more than 5,000 clients nationwide.

Find details here.

Mercer Advisors

Continuing its acquisition streak, Mercer Advisors, an RIA, announced Tuesday it had purchased First Ohio Planning, a Columbus, Ohio-based wealth management firm with $350 million of assets under management. First Ohio was founded in 1979 by James S. Ryan, who will be joining Mercer along with a staff of five. The group will be merging into Mercer Advisors’ existing office in Columbus.

Find details here.

Orion

Orion Advisor Tech, a division of Orion Advisor Solutions and the premier provider of financial advisor technology and enhanced investment solutions, today announced significant progress toward its goal of breaking down the barrier to financial planning, with more than 500 new firms adopting the platform since the acquisition of Advizr, Inc. just six months ago.

Find details here.

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…

WealthTech Weekly January 27, 2020

WealthTech Weekly January 27, 2020

Act Analytics launches new ESG portfolio analytics platform for RIAs. ETHIC, a Wealth Bank, Launches in Boston. Totum Risk integrates and partners with AdvisorPeak. Fiduciary Trust acquires Pennsylvania Trust. Creative Planning acquires Stratford Consulting. Wickham…

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…