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NFP Ventures invests in Wealth Technologies Inc. and will deploy its suite of financial planning tools across NFP’s distribution network. Charles Schwab purchases Wasmer Schroeder, a fixed-income management firm with $10.5 billion in AUM. Morgan Stanley acquires E*Trade to bring together wealthy Wall Street clients with a digital Main Street brand that resonates with younger people. RBC Wealth Management acquires $1.8 Billion Visionary Wealth Management. National Advisors Trust partnered with Dynasty Financial Partners to enable financial advisors to expand and unify their services to clients. Key Private Bank selected the Charles River Wealth Management Solution to expand its investment product offering.

Two new partners joined GCW Global Customised Wealth, Adam Domat as an investment professional and Mark Evans as COO and CFO.

NFP

NFP Ventures, the early-stage investment arm of NFP, announced a strategic investment in Wealth Technologies Inc. (WealthTech), the creator of a pioneering dynamic financial planning strategies platform. The investment includes plans to deploy WealthTech’s suite of financial planning tools across NFP’s distribution network.

Find details here.

Charles Schwab

Charles Schwab is continuing its buying spree, agreeing to purchase Wasmer Schroeder, a Naples, Florida-based fixed-income management firm with $10.5 billion in assets under management. The Wasmer Schroeder purchase will increase the approximately $90 billion in Schwab’s separately managed accounts.

Find details here.

ETRADE

Morgan Stanley agreed to acquire E*Trade for $13 billion, fusing together an old-school brokerage business of wealthy Wall Street clients with a digital Main Street brand that resonates with younger people. E*Trade Financial Corp. sits at the intersection of two of the world’s most persistent boys’ clubs: Wall Street and Silicon Valley. But behind the layers of computer code that enable at-home investors — another mostly male crowd — to buy and sell stocks online, there’s a group of female tech wizards at E*Trade that make it possible.

Find details here.

GCW Global Customised Wealth

GCW Global Customised Wealth, the global investment management firm, announced two new partners have joined the firm, Adam Domat, serving in the capacity of investment professional, and Mark Evans, serving as Chief Operating Office and Chief Financial Officer. Mr. Domat will focus on investment sourcing and diligence, as well as contributing to the ongoing enhancement of GCW’s portfolio construction modelling. Mr. Evans will be responsible for developing and maintaining GCW’s operational and financial processes and controls. Mr. Domat is based in Palo Alto, California and Mr. Evans is based in the firm’s London office.

Find details here.

Visionary Wealth Advisors

Visionary Wealth Management, a Wisc.-based firm with $1.8 billion in managed assets will be joining RBC Wealth Management, making the team the largest RBC team in the state. The deal with Visionary Wealth Management will make the 16-person team RBC’s largest in the state.

Find details here.

National Advisors Trust

National Advisors Trust announced that they have partnered with Dynasty Financial Partners to offer a combination of trust services and wealth management to financial advisors seeking to expand and unify their services to clients.

National Advisors Trust is a support system that will continue to enhance the Dynasty platform giving financial advisors a means to increase asset retention and consolidation.  This partnership is designed to provide a solution to the firms on Dynasty’s platform–and creates a readily available trust solution to the firm’s business model.

Find details here.

Key Private Bank

Charles River Development, a State Street Company (NYSE:STT), announced that Key Private Bank, the wealth management division of KeyCorp (NYSE:KEY), selected the Charles River Wealth Management Solution to expand its investment product offering. The fully managed solution provides Key Private Bank with portfolio management, trading, and compliance across its equities, options, and fixed income products. Key Private Bank also leverages Charles River’s mobile solution for advisors, Charles River Anywhere.

Find details here.

WealthTech Weekly May 25, 2020

WealthTech Weekly May 25, 2020

Smarsh is to acquire Entreda. SS&C Technologies has acquired Innovest Systems. AdvicePay has an agreement with LPL Financial. EquityZen partners with Addepar. DriveWealth has an agreement with Access Softek. Raymond James, Scopus Financial Group,…

WealthTech Weekly May 18, 2020

WealthTech Weekly May 18, 2020

Xtiva raises $10 million. iCapital Network acquired Artivest. Goldman Sachs plans to buy Folio Financial. FIDx partners with RetireOne. Smartleaf is partnering with IDX Insights. Twenty Over Ten integrates with…

WealthTech Weekly May 11, 2020

WealthTech Weekly May 11, 2020

Franklin Resources acquired AdvisorEngine. Entreda joined the Preferred Pricing Program of FINRA. Winston Wealth Advisors joins LPL. AdvicePay launches a new capability for Enterprises. Twenty Over Ten launches the Lead Pilot ambassador…

WealthTech Weekly May 4, 2020

WealthTech Weekly May 4, 2020

Docupace secured a growth equity investment from FTV Capital. LPL Financial plans to acquire Lucia Securities. eMoney is forming a strategic partnership with Allianz Life. LendingTree announced a strategic investment in…

WealthTech Weekly April 27, 2020

WealthTech Weekly April 27, 2020

Advicent releases a new version of NaviPlan. LPL Financial has a new premium affiliation model. eMoney announced the Getting Started Program. Moody’s Analytics launches a portal to help hospitals and healthcare providers. HiddenLevers launched…

WealthTech Weekly April 20, 2020

WealthTech Weekly April 20, 2020

Orion Advisor Services launched Market*r. Creative Planning Inc. acquired Coe Financial Services. Envestnet|Yodlee has agreed with Charles Schwab. FIDx announced a strategic partnership with Financial Independence Group. Robinhood is going…

WealthTech Weekly April 13, 2020

WealthTech Weekly April 13, 2020

Ameriprise recruits a Wells Fargo team and UBS team. Creative Planning Inc. acquires Coe Financial Services. Social Finance Inc acquires Galileo Financial Technologies. Docupace launches its new Reg BI and Form…

WealthTech Weekly April 6, 2020

WealthTech Weekly April 6, 2020

NFP acquires Fiduciary Investment Advisors LLC. Morgan Stanley won U.S. antitrust approval for its acquisition of E*Trade Financial Corp. Birmingham is joining LPL Financial. Chalice Network™ is waiving its annual membership fee. Docupace is announcing the…