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Want to buy a Banksy? This fintech has an answer
The digital alternative investment provider Yieldstreet launched a new art equity fund with exposure to contemporary international artists like Banksy and Takashi Murakami.
Edward Jones to spend $1 billion on tech in 2022
The company is investing in its technology infrastructure — including digital initiatives and virtual tools — to improve the relationships between clients and their financial advisers.
Advisers must embrace fintech risks, opportunities to keep up with retailers
A new report from Celent shines light on the trend of traditional retailers like Walmart migrating into the wealth management space.
Advisers struggle to grow new business: AssetMark
The vast majority of advisers reported having problems finding enough time to focus on business development and client relationships, according to a new study.
Wealthtech startups look to compete with RIA aggregators
Fintechs are buying books of business and hoping in-house tech stacks are enough to entice financial advisers to come on board.
New ways to communicate are complicating compliance
Firms need purpose-built tools to manage their discovery responsibilities as the emergence of Slack, Zoom, Microsoft Teams and other communication channels has made e-discovery far more complex.
ICapital tech platform acquires Stifel Financial’s alts feeder funds
The deal, which will close later this month, pushes the assets on iCapital's platform to more than $118 billion.
Messaging apps take on Wall Street
The latest apps like WhatsApp and emailing platforms like Gmail are beginning to play an oversized role in adviser communications, a trend that could increase as more clients choose to communicate via their smartphones.
CRM provider Wealthbox gets $31 million infusion
Frontier Growth is taking a minority equity stake in the Rhode Island-based fintech.
ESG-reporting startup gets $7 million in seed funding
ESGgo will monitor and eventually help improve companies' disclosures.
Onramp Invest regroups after layoffs
The San Diego-based firm reassured clients and investors about the viability of the company moving forward in a blog post Monday, and sent a heartfelt message to the 18 employees that were let go.
Robinhood plans spending account service alongside new cash card
The new account will be free; it will include a feature for automatically investing a percentage or standard dollar amount from paychecks, as well an early deposit feature that will let users receive their income up to two days early.
Despite the hype, future of advice is hybrid: Vanguard
According to a new study published by The Vanguard Group Inc., the vast majority of advised clients aren't interested in totally digital advice.
TCW partners with iCapital to improve access to its alts offerings
The asset manager will use customized technology from iCapital to facilitate its clients' use of its offerings of alternative investments.
As Ukraine fights for its freedom, US firms should watch for Russian hacks
The increase in remote work, conducted over networks that may not be secure, as well as the widespread use of mobile apps, have added a new level of risk.
Fidelity tool aims to make benefits more inclusive
The company's benefits equity scorecard can help employers match the benefits they provide to employees' needs.
SEC’s Crenshaw assures advisers agency doesn’t seek to punish cyberattack victims
The new director of the SEC Division of Investment Management, William Birdthistle, makes his public debut at the Investment Adviser Association conference.
Best-performing robo-advisers of 2021
The latest edition of the Robo Report by Backend Benchmarking tracks 58 accounts at 35 different providers and includes both qualitative factors, such as financial planning features, as well as the performance metrics.
Hub builds out digital platform with Insureon deal
Chicago-based Hub will buy Insureon’s digital insurance agency and its brand, while Bold Penguin will take control of its technology platform.
US warns of potential Russian cyberattacks on wealth managers
The Department of Homeland Security has set up a page warning of cyberattacks emanating from Russia, and both the SEC and Finra echoed those concerns in notices to the public.
