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Regal Holdings of Kentwood, Michigan has selected InvestorCOM’s Reg BI compliance platform to meet the Firm’s compliance requirements for Reg BI. LPL Financial agreed to purchase the assets of E.K. Riley. Envestnet has partnered with AdvisorStream and Apprise Labs to build its AI-driven Envestnet Connect. Vestwell announced the launch of ETFVest, a new retirement plan solution. FinMason was selected by RiskPro to deliver fixed income risk calculations. The Charles Schwab Corporation completed its acquisition of the assets of USAA’s Investment Management Company. CI Financial had extended its ownership of WealthBar to 100 percent of the company. GoalPath Solutions integrated its defined outcome investment solution with Questis to provide financial planning, wellness, coaching, and investing tools to employers. DriveWealth forged an agreement with Access Softek to integrate with its new investing app.

Investorcom

InvestorCOM, the leading provider of regulatory compliance software and communications solutions for the financial services industry, announced Regal Holdings of Kentwood, Michigan has selected InvestorCOM’s Reg BI compliance platform to meet the Firm’s compliance requirements for Regulation Best Interest (Reg BI).

Find details here.

LPL Financial

LPL Financial said Wednesday it has agreed to purchase the assets of E.K. Riley, an independent broker/dealer and registered investment advisor in Seattle. The acquisition would add about 35 advisors and $2 billion in client assets to LPL’s platform.

Find details here.

Envestnet

Envestnet, Inc. (NYSE: ENV) unveils Envestnet Connect, an artificial intelligence (AI)-driven application that integrates the client’s household financial data with relevant and personalized news content aligned with their values and financial journey progress. Envestnet has partnered with AdvisorStream and Apprise Labs to build Envestnet Connect, creating a centralized personal application designed to help clients achieve financial wellness through deeper connections with their advisors.

Find details here.

Vestwell

Vestwell, a digital recordkeeper, announced the launch of ETFVest, a new retirement plan solution that combines 3(38) investment management fiduciary line-up services from LeafHouse Financial with an all-ETF target date portfolio model from Stadion. ETFVest leverages Vestwell’s API-driven tech-forward solution to offer advisors a scalable, cost-effective, managed account solution in the small plan market.

Find details here.

FinMason

FinMason, a FinTech firm and investment analytics provider that enables WealthTech platforms to accelerate development and time-to-market, announced that it has been selected by RiskPro, a revolutionary risk profiling and portfolio construction system that helps Financial Advisors improve the investor experience, to deliver fixed income risk calculations.

Find details here.

Charles Schwab

The Charles Schwab Corporation announced that it has completed its acquisition of the assets of USAA’s Investment Management Company and has transitioned the underlying brokerage and managed portfolio accounts to Schwab. As announced in July 2019, the companies have also entered into a long-term referral agreement that makes Schwab the exclusive provider of wealth management and investment brokerage services for USAA members.

Find details here.

WealthBar

CI Financial announced that it had extended its ownership of WealthBar to 100 percent of the company, with plans to rebrand and integrate WealthBar into a new online investment platform. WealthBar was first acquired by CI Financial in January 2019. At the time, WealthBar executives maintained a 25 percent minority stake, which CI Financial has now bought out.

Find details here.

Questis

Practice management and back-office support platform GoalPath Solutions has integrated its defined outcome investment solution with financial wellness fintech firm Questis to provide financial planning, wellness, coaching, and investing tools to employers.

Find details here.

DriveWealth

DriveWealth, LLC, a U.S. based leader in global digital trading technology, announced it has forged an agreement with online and mobile banking software provider Access Softek, Inc. Through the partnership, DriveWealth will integrate with Access Softek’s new investing app, EasyVest, which will be distributed via banks and credit unions, and DriveWealth will provide trade execution, clearing, settlement and custody services for the transactions.

Find details here.

WealthTech Weekly July 6, 2020

WealthTech Weekly July 6, 2020

Empower Retirement acquires Personal Capital. FIS is teaming up with FICO. The CFP Board Center for Financial Planning partners with Facet Wealth. Orion Advisor Solutions and Brinker Capital create a…

WealthTech Weekly June 29, 2020

WealthTech Weekly June 29, 2020

Envestnet partners with Dynasty Financial Partners. Orion partners with State Street Global Advisors. Smartleaf partners with Melius Investments. Cary Street Partners acquired Waypoint Advisors. Advisor Group rolls out its new eQuipt Dashboard. Ellevest is…

WealthTech Weekly June 22, 2020

WealthTech Weekly June 22, 2020

LPL advisors now have access to AdvicePay. GeoWealth announced a strategic alliance with Foreside Financial Group. TD Ameritrade Institutional launches a new RIAConnent tool. Broadridge launches AI-powered platform. Intuit QuickBooks' new ML-powered tool…

WealthTech Weekly June 15, 2020

WealthTech Weekly June 15, 2020

M1 Finance raised $33 million. DriveWealth partners with Winvesta Ltd. AdvisorPeak partners with FinMason. Act Analytics integrates with SS&C Advent’s Black Diamond® Wealth Platform. GeoWealth adds PIMCO fixed income model portfolios to…

WealthTech Weekly June 8, 2020

WealthTech Weekly June 8, 2020

Northern Trust partnered BlackRock. InvestorCOM announced a deal with Morningstar Inc. RIA in a Box, Morningstar, Redtail Technology (Redtail), and Riskalyze help new RIAs. Charles Schwab gets DOJ approval to buy…

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…