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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 Legg Mason to create a firm with a combined $1.5 trillion in assets. LifeYield integrates with AdvisorPeak.

AgentRisk released a portfolio management and customer engagement platform for RIAs and wealth managers. BlueKey Wealth Advisors forms a small to middle-market, private equity firm, BlueKey Equity Partners. Goldman Sachs loses US$10B wealth teams to rival banks. Financial services industry veteran Kevin Ruth joins Whealthcare Planning as Interim CEO.

AgentRisk

AgentRisk released “Overlay”, a portfolio management and customer engagement platform for RIAs and wealth managers. Overlay is powered by the same algorithmic engine that AgentRisk is using in its flagship AgentRisk Wealth product, an automated investment platform for high-net-worth individuals.

Find details here.

Motive Partners

Motive Partners, a specialist private equity firm focused on technology-enabled business and financial services companies, announced the closing of its previously announced transaction with Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, under which Motive Partners has acquired a majority interest in the Investment Services business of Fiserv. Fiserv retained a 40% equity interest in the business.

Find details here.

Wealth Enhancement Group

Wealth Enhancement Group, an independent wealth management firm that oversees $17 billion in client assets, announced its acquisition of JOYN Advisors, Inc., a registered investment adviser based in Atlanta, Georgia, with approximately $1.3 billion in client assets. The acquisition marks Wealth Enhancement Group’s first location in the Atlanta area and underscores its ability to expand strategically into growing markets across the country. The firm’s robust acquisition strategy, in place since 2013, and impressive organic growth demonstrates that it is fast becoming a leading national wealth management and financial planning brand.

Find details here.

Savant Capital Management

Savant Capital Management, a nationally recognized, fee-only wealth management firm, and Huber Financial Advisors, an independent wealth management firm headquartered in Lincolnshire, announced their merger has finalized. This partnership is the latest in a string of Chicago-based deals completed by Savant since 2013.

Find details here.

Franklin Resources

Franklin Resources Inc. and Legg Mason Inc. helped pioneer asset management in the 20th century. On Tuesday, the venerable but fading names said they will combine in an effort to compete, as low-cost index funds upend their industry. In an era when traditional stock-pickers are under intensifying pressure, San Mateo, California-based Franklin agreed to buy Legg Mason to create a firm with a combined $1.5 trillion in assets.

Find details here.

BlueKey Equity Partners

BlueKey Wealth Advisors announced the formation of its small to middle-market, private equity firm, BlueKey Equity Partners. The new endeavor specializes in investments that leverage partnerships between investors, principals and communities. The firm focuses on private lending, core real estate and business investment.

Find details here.

Goldman Sachs

Goldman Sachs Group Inc. planned a hiring spree to ramp up the fees it gets from advising the wealthy. It got a reminder this week that it’s not alone.

Teams of advisers overseeing US$10 billion in assets are leaving for rivals. A group headed by Denis Cleary and Gregory Devine with US$6 billion in assets under management will move to UBS Group AG. Brian Zakrocki and Joe Wladyka, who helped manage about US$4 billion, are leaving Goldman for First Republic, according to people with knowledge of the matter, who asked not to be identified discussing personnel matters.

Find details here.

ETRADE

E*Trade Deal Brings Morgan Stanley Into the Independent Advice Biz Morgan Stanley’s acquisition of E*Trade will create an in-house channel for independent advisors through the RIA custody business.

Find details here.

Whealthcare Planning

Whealthcare Planning, a technology company offering the only health and longevity-focused planning platform for financial advisors, announced that financial services industry veteran Kevin Ruth is joining the company as Interim CEO. Mr. Ruth was most recently head of Wealth Planning and Personal Trust at Fidelity Investments and Fidelity Private Wealth Management. He also served as Chief Financial Planning Officer for Fidelity’s Personal and Workplace Advisors LLC, a registered investment advisor.

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, makes it easy to meet this demand by quantifying one of the most elusive sources of value — tax efficiency — through a new integration with AdvisorPeak, Inc., a leading portfolio trading and rebalancing platform focused on the wealth management industry.

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 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 February 3, 2020

WealthTech Weekly February 3, 2020

Goldman Sachs is rebranding United Capital. Bluespring acquires Florida RIA. Mercer Advisors buys First Ohio Planning. Fidelity now offers fractional shares trading. Riskalyze announces “Regulation Best Interest” solution. Orion leverages financial planning acquisition. GeoWealth…