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Envestnet and Dynasty Financial Partners are partnering. Orion partners with State Street Global Advisors. Smartleaf adds EAM Portfolios of Melius Investments to its model hub. Cary Street Partners acquired Waypoint Advisors. Advisor Group rolls out its new eQuipt Dashboard for financial professionals. Ellevest is expanding into banking. Sezzle is to become a Public Benefit Corporation. Snappy Kraken was selected as finalists for the WealthManagement.com 2020 Industry Awards, in three Technology Provider categories.

Dynasty Financial Partners

Envestnet and Dynasty Financial Partners are partnering to offer “equity-like” and debt financing to RIAs outside of the Dynasty Network, in a first for the industry. As part of the rollout of Envestnet’s Advisor Services Exchange (ASx), Dynasty is opening its financing options to RIAs outside of its network for the first time.

Find details here.

Advisor Group

Advisor Group, the network of independent wealth management firms, announced the rollout of its new eQuipt Dashboard for financial professionals to facilitate compliance with the SEC’s new RegBI by incorporating streamlined options for managing electronic delivery of required disclosures, key account documents, etc.

Find details here.

Orion

Orion Advisor Solutions, the premier provider of financial advisor technology and investment solutions, announces a new offering with State Street Global Advisors (State Street), and the availability of a suite of low-cost model portfolios.

Find details here.

Orion Advisor Solutions, the premier provider of financial advisor technology and enhanced investment solutions, announces the creation of two market-relevant, thematic stock and direct indexing strategies, U.S. Biotechnology and U.S. Metals and Mining, designed and managed through Orion’s SMA portfolio optimization tool, ASTRO.

Find details here.

Snappy Kraken

Snappy Kraken, a MarTech company focused on helping financial professionals automate their marketing and business growth, announced they have been selected as finalists for the WealthManagement.com 2020 Industry Awards, in three Technology Provider categories. This is the only awards program of its kind to honor outstanding achievements by companies and organizations that support financial advisor success.

Find details here.

SmartLeaf

Smartleaf, one of the industry’s leading Overlay Management platforms, and MIGMIR LLC, dba Melius Investments, an RIA built upon the power and promise of Ensemble Active Management, are pleased to announce that Melius’s EAM Portfolios are being added to Smartleaf’s model hub.

Find details here.

Sezzle

Minneapolis-based financial-technology startup Sezzle announced that it had changed its company charter to become a Public Benefit Corporation. PBC is a legal designation that requires businesses to do right by all stakeholders. This means that a company’s managers and board must lead the business in a way that contributes to a general public benefit, in addition to seeking a financial return for investors.

Find details here.

Cary Street Partners

Cary Street Partners, the wealth management arm of Cary Street Partners Financial based in Richmond, Va., has acquired Waypoint Advisors, a Virginia Beach, Va.-based registered investment advisor with about $215 million in client assets. The transaction, expected to close at the end of this month, will create a combined firm with $4 billion in client assets.

Find details here.

Ellevest

Ellevest, a company whose focus has been on closing the gender investing gap by way of a financial planning service aimed at women, is expanding into banking. The company announced a new membership plan which encompasses one-on-one financial and career coaching, member-only workshops and guides, personalized investing plans, plus a no-fee debit card and banking service.

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 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 June 1, 2020

WealthTech Weekly June 1, 2020

Regal Holdings selected InvestorCOM's Reg BI compliance platform. LPL Financial purchases the assets of E.K. Riley. Envestnet builds AI-driven app. Vestwell launches a new retirement plan solution. FinMason was selected by RiskPro. Charles Schwab acquires…

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…