The month's highlights include Elements adding $5 million more in funding, TradingFront shutting down and Zoe Financial launching a TAMP for advisers in its lead generation network.
The robo-advisor is also reportedly closing its Philadelphia office and subleasing a floor of its New York City office.
A recent survey by CFA Institute found 20% of retail investors say their primary reason for using trading accounts is entertainment or speculation.
The wirehouse's Video Pro guides advisors through creating compliance-approved content for clients and prospects.
AI can give you a deeper breadth of opportunities and broaden your scope of companies that may be considered innovative, according to State Street’s Matt Bartolini.
Plus a couple of fintech fundraising announcements and another alternatives platform hits the market.
Plus Pontera integrates with Envestnet, Tifin announces Morningstar collaboration, and Hearsay adds features to Sites.
The social media company is cutting off free access to its API, which will impact archiving tools used by financial advisors.
eMoney Advisor and FP Alpha have tools to help advisors with Roth conversions.
While advisors are in no immediate danger of displacement, simply repeating the 'people will always need a human advisor' mantra won’t stop the inevitable march of progress.
Smaller firms can still flourish amid the rampant M&A activity, but they need to employ targeted client development and strategic outsourcing.
It's safe to say that the more adept you are at selecting, implementing and utilizing the available technologies, the better off your practice and your clients will be.
Plus Morningstar adds investment planning to Advisor Workstation, Element secures $5 million and Kwanti announces an asset screening feature.
The AI tool explains that the market is too unpredictable to design such a fund, while warning about the need to pick investments that align with goals and risk tolerance.
The firm is the latest bank to require individual staff to bear some of the burden of an unprecedented regulatory investigation.
The data, which is aggregated to artificial intelligence, cover more than 5,000 North American companies across 385 ESG topics.
Golding founded Junxure with his partner, Greg Friedman, in 2001 as a CRM specifically designed to serve financial advisors.
According to data collected from 14,000 RIAs, 80% are using digital client onboarding tools.
Soteria blends personalized safe-landing target-date fund glide paths with the personalization of managed accounts.
Plus First Rate, a Texas-based provider of wealth management technology, has acquired Finantech SpA, a Santiago, Chile-based reporting fintech.
