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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.

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…