Fintech

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IRS expects crypto seizures worth billions of dollars in 2022
ALTERNATIVES NOV 19, 2021
IRS expects crypto seizures worth billions of dollars in 2022

The agency seized $3.5 billion worth of cryptocurrencies in fiscal 2021, accounting for 93% of all assets seized, and an IRS official says he expects that trend to continue next year.

By Bloomberg
Robo-advisers brace portfolios for rising inflation
EQUITIES NOV 17, 2021
Robo-advisers brace portfolios for rising inflation

As the stock market slowed in the third quarter, investors continued to process multiple market influences underscored by supply chain disruptions and pent-up demand from reopening economies.

By Sean Allocca
A tale of two advisers, and why boldness wins
OPINION NOV 17, 2021
A tale of two advisers, and why boldness wins

To stand out in the sea of sameness, you need to be willing to be different.

By Robert Sofia
InvestCloud is considering an IPO in 2022
FINTECH NOV 17, 2021
InvestCloud is considering an IPO in 2022

The company, which is projected to have more than $400 million in revenue next year, could command a valuation of $8 billion to $10 billion, based on comparable multiples of other companies.

By Bloomberg
Wealthfront explores potential sale
FINTECH NOV 17, 2021
Wealthfront explores potential sale

A transaction could value the robo-adviser, which has drawn interest from banks and special purpose acquisition companies, at as much as $1.5 billion.

By Bloomberg
Finra moves toward hybrid arbitration hearings
FINTECH NOV 16, 2021
Finra moves toward hybrid arbitration hearings

The regulator is considering how to utilize in-person and remote participation to capture 'the best of both worlds,' CEO Robert W. Cook said.

By Mark Schoeff Jr.
The ‘finfluencer’ takeover of digital marketing
FINTECH NOV 16, 2021
The ‘finfluencer’ takeover of digital marketing

A new cohort of social media influencers is taking its knowledge and expertise into the financial realm, breathing new life into stodgy prospecting campaigns that have largely relied on blog posts and dinner seminars.

By Sean Allocca
Third Bitcoin futures ETF launches
ALTERNATIVES NOV 16, 2021
Third Bitcoin futures ETF launches

The VanEck Bitcoin Strategy ETF began trading after a multiweek wait, and days after the SEC rejected the firm's proposal for an ETF that would hold Bitcoin directly.

By Bloomberg
Goldman's RIA unit licenses BondNav platform
FINTECH NOV 15, 2021
Goldman's RIA unit licenses BondNav platform

The firm is also taking an equity stake in BondNav's operator, InspereX.

By InvestmentNews
Tips for developing a cybersecurity plan for your firm
OPINION NOV 15, 2021
Tips for developing a cybersecurity plan for your firm

As cybercriminals become bolder and more sophisticated in their efforts to hack into networks, it's more important than ever for your firm to have a comprehensive plan to protect its data.

By JP Pattinson
FP Alpha launches planning-led prospecting tool
FINTECH NOV 12, 2021
FP Alpha launches planning-led prospecting tool

The tool, Prospect Accelerator, covers areas including tax, estate and insurance opportunities.

By InvestmentNews
Yieldstreet opens art fund
ALTERNATIVES NOV 12, 2021
Yieldstreet opens art fund

The alternative investments platform has funded more than $2.4 billion in investments across a range of asset classes since its founding in 2015.

By Bruce Kelly
SEC exam sweep shows advisers overcharging clients
FINTECH NOV 10, 2021
SEC exam sweep shows advisers overcharging clients

In a separate exam sweep, the SEC found that robo-advisers weren't acting in clients' best interests and were misleading in their advertising.

By Mark Schoeff Jr.
UK crypto trader Nexo buys piece of Brooklyn B-D
ALTERNATIVES NOV 10, 2021
UK crypto trader Nexo buys piece of Brooklyn B-D

The terms of Nexo's deal for a stake in Texture Capital Holdings were not disclosed.

By Bruce Kelly
Robinhood breach exposes data on millions of users
FINTECH NOV 09, 2021
Robinhood breach exposes data on millions of users

The online brokerage said an intruder obtained personal information on about 7 million customers and then demanded payment.

By Bloomberg
Financial advice in the 21st century
FINTECH NOV 08, 2021
Financial advice in the 21st century

Evolving technology, increasing longevity and cryptocurrencies will all play a role in the future of advice, according to seven experts from across the wealth management industry.

By Jeff Benjamin 
Fintechs Simon Markets, +Subscribe join forces to offer alts platform
ALTERNATIVES NOV 04, 2021
Fintechs Simon Markets, +Subscribe join forces to offer alts platform

The companies say their aim is to allow advisers to manage alternative investments in one place

By InvestmentNews
What financial advisors and their firms don’t understand about digital marketing
FINTECH NOV 04, 2021
What financial advisors and their firms don’t understand about digital marketing

How can advisors and financial firms improve their marketing? Digital marketing expert and Clout CEO Niharika Shah explains why the solution lies in personalizing relationships.

By InvestmentNews Create
Vestwell to buy BNY's Sumday auto-IRA and 529 business
RETIREMENT PLANNING NOV 02, 2021
Vestwell to buy BNY's Sumday auto-IRA and 529 business

The deal would catapult Vestwell to serving as program manager for nearly $20 billion, with the acquisition adding about 800,000 participants and 17,000 small employers to its book of business.

By Emile Hallez
RIA tech stacks: Can't we all just get along?
OPINION NOV 02, 2021
RIA tech stacks: Can't we all just get along?

In the tech world, integration will not only help you 'future-proof' your tech stack, but also help make any tech missteps easier to fix.

By [email protected]