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DriveWealth partners with Wealthface. United Planners announced new general partners. Wealthface moves to the Middle East and North Africa (MENA) region. Modern Capital entered into a definitive agreement to acquire Western Equity Group, Inc. Addepar got an investment of $40 million by WestCap. GroupBleakley Financial added an advisor with $170 million in client assets from Northwestern Mutual. HiddenLevers helps financial advisors meet demand for discussions around risk. Advisors are scaling back on business meetings, conferences and events due to the coronavirus.

DriveWealth

DriveWealth, LLC, a U.S. based leader in global digital trading technology, announced a new partnership with Wealthface LLC, an innovative UAE-based wealth management company and online investment platform.

Find details here.

Wealthface

Portfolio management company Wealthface announced the launch of its robo-advice direct indexing platform for passive investors in the Middle East and North Africa (MENA) region. The company will operate out of its UAE offices in Abu Dhabi.

Find details here.

Bleakley Financial

Bleakley Financial, a firm affiliated with Private Advisor Group, an office of supervisory jurisdiction of LPL Financial, announced it had added an advisor with $170 million in client assets from Northwestern Mutual.

Find details here.

Addepar

Addepar, a leading technology platform for wealth management, announced an investment of $40 million by WestCap Group (“WestCap”). The investment was led by Laurence Tosi (“L.T.”), a member of Addepar’s Board of Directors for the past two years as well as WestCap’s founder and managing partner, and by Scott Ganeles, senior partner at WestCap. As longtime partners, Tosi and Ganeles also co-founded iPreo, a leading capital markets fintech company.

Find details here.

United Planners

United Planners announced new general partners. Mike Baker, President, CEO and General Partner of United Planners announced the latest addition of General Partners to the Firm: Billy Oliverio, Chad Shindel and Sheila Cuffari-Agasi.

Find details here.

HiddenLevers

As the global pandemic is morphing into a global recession, financial advisors face incredible demands for discussions around risk, in both client retention and new client engagement. HiddenLevers, a premier technology provider in the wealth management space, is inviting in new customers for a 30-day free trial until the end of March, to help meet that demand.

Find details here.

Modern Capital

Modern Capital, a diversified financial services firm, announced that it has entered into a definitive agreement to acquire Western Equity Group, Inc., an SEC Registered and FINRA member Broker-Dealer.

Find details here.

Events

Advisors, like the rest of the nation, are scaling back on business meetings, conferences and events due to the coronavirus. Here is a running list of wealth management events and conferences canceled and postponed by the novel coronavirus pandemic.

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 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 24, 2020

WealthTech Weekly February 24, 2020

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…

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…