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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.

PayTech Round-Up September 16, 2020

PayTech Round-Up September 16, 2020

Square launched “On-Demand Pay”. Payoneer launched Payoneer for Banks. Sezzle released its virtual card for shoppers. Dash launched the FastPass network initiative. KodyPay raised £1.8m in funding. Deel raised $30m in Series B funding. CheckAlt…

WealthTech Weekly September 14, 2020

WealthTech Weekly September 14, 2020

M1 Finance reported 100% growth in its AUM portfolio in six months. Panoramix partners with Shareholders Service Group. Riskalyze announced an enterprise agreement with H. Beck. Prepay Nation partners with ACE Money…

PayTech Round-Up September 9, 2020

PayTech Round-Up September 9, 2020

2Checkout is acquired by Verifone. Zip Co agreed to acquire QuadPay. Melio raised $144m in funding. Cred and Checkbook.io joined Visa’s Fast Track program. AvidXchange launched the “Boost your Business” Program. Sezzle unveiled its virtual…

WealthTech Weekly September 7, 2020

WealthTech Weekly September 7, 2020

Advicent relations with MX. FIDx partners with Envestnet | MoneyGuide. MyRepChat announced an agreement with Cetera. InvestEdge Compliance and Surveillance is added to the Sanctuary Wealth platform. Smarsh participates in the Microsoft OCP program. Wealthfront…

PayTech Round-Up September 2, 2020

PayTech Round-Up September 2, 2020

QuadPay partners with Mastercard Vyze. Four partners with Stripe. The Payoneer for banks program partners with Kuda Bank. Capchase raised $4.6m in seed funding. Plastiq Accept, a card acceptance product, is…

WealthTech Weekly August 31, 2020

WealthTech Weekly August 31, 2020

CAIS announced an integration agreement with BNY Mellon’s Pershing. Wealthbox partners with Shareholders Service Group. DriveWealth partnered with Flink to give access to the US equities market to Flink's platform. Riskalyze…

PayTech Round-Up August 26, 2020

PayTech Round-Up August 26, 2020

Zuora expanded its partnership with GoCardless. Plastiq partners with Silicon Valley Bank. TransferWise expanded partnership with Mastercard. Radius Bank partners with Currencycloud. The Metal Neo Bank Payment Platform has acquired Bloks.io. Paystand…

WealthTech Weekly August 24, 2020

WealthTech Weekly August 24, 2020

Xignite revealed the results of a collaboration with SoFi on the launch of the SoFi Invest trading platform. Thomson Reuters acquired CaseLines. Wealthfront is rolling out cash prizes to its users. Advisors Todd Stabler and…