Fintech

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Women leading wealthtech's evolution
FINTECH MAR 08, 2021
Women leading wealthtech's evolution

CEOs and other women in the fintech C-suite are spearheading the sector's progression and paving pathways for gender equity.

By Nicole Casperson
It’s time to talk about Bitcoin
ALTERNATIVES MAR 08, 2021
It’s time to talk about Bitcoin

Advisers don’t have to join the bulls, but they better join the discussion.

By George Moriarty
Betterment acquires Wealthsimple’s US accounts
FINTECH MAR 04, 2021
Betterment acquires Wealthsimple’s US accounts

Wealthsimple will transfer all of their existing U.S.-based customers to Betterment, and will no longer support accounts based in the U.S.

By Nicole Casperson
Stash enters robo-advice with Smart Portfolio
FINTECH MAR 04, 2021
Stash enters robo-advice with Smart Portfolio

With $125 million in fresh funding, Stash officially launched Smart Portfolio to allow users to opt-in for fully managed portfolios.

By Nicole Casperson
Commonwealth Financial to recruiters: Lay off MassMutual reps
FINTECH MAR 04, 2021
Commonwealth Financial to recruiters: Lay off MassMutual reps

The Commonwealth Financial Network advised outside recruiters not to engage with MassMutual's reps. The company doesn't want to step on any toes due to a licensing agreement involving a tech firm it once owned.

By Bruce Kelly
MoneyLion acquires financial planning fintech
FINTECH MAR 03, 2021
MoneyLion acquires financial planning fintech

MoneyLion is buying out the financial planning software startup just a few weeks after its SPAC deal and values the firm at $2.9 billion

By Nicole Casperson
AssetMark acquires Voyant in $145 million deal
FINTECH MAR 01, 2021
AssetMark acquires Voyant in $145 million deal

The deal positions the turnkey asset manager to build its own financial wellness platform, similar to a strategy announced by TAMP powerhouse Envestnet last week.

By Nicole Casperson
Schwab adds developer portal for fintechs
FINTECH MAR 01, 2021
Schwab adds developer portal for fintechs

The goal of the self-serve portal is for fintechs to identify use cases for the hundreds of APIs Schwab and TD Ameritrade have available.

By Nicole Casperson
Walmart hires Goldman bankers
FINTECH MAR 01, 2021
Walmart hires Goldman bankers

Omer Ismail, head of Goldman's consumer bank, Marcus, and a colleague, David Stark, will help lead the retailer's fintech startup as it muscles into the banking business.

By Bloomberg
Envestnet boosts expenses to build new financial ecosystem
FINTECH FEB 26, 2021
Envestnet boosts expenses to build new financial ecosystem

Envestnet plans to ramp up investments into a digital financial wellness ecosystem that connects multiple aspects of a user's financial journey.

By Nicole Casperson
Envestnet rolls out Trust Services Exchange
FINTECH FEB 26, 2021
Envestnet rolls out Trust Services Exchange

Envestnet advisers can manage trust and estate planning accounts for their clients thanks to an API integration with Trucendent

By Nicole Casperson
SPAC frenzy takes on wealthtech
FINTECH FEB 24, 2021
SPAC frenzy takes on wealthtech

SPAC deals are dominating the market as a convenient shortcut that allows fintechs to go public without the hassles involved in pursuing an initial public offering.

By Nicole Casperson
How Black-owned fintechs are closing the racial wealth gap
FINTECH FEB 22, 2021
How Black-owned fintechs are closing the racial wealth gap

Minority-owned firms have a more challenging road to land funding, without which firms are unable to reach the next level of growth or attract the intellectual capital needed to take on competitors.

By Sean Allocca
Apex Clearing to go public via SPAC in $4.7 billion deal
FINTECH FEB 22, 2021
Apex Clearing to go public via SPAC in $4.7 billion deal

Apex Clearing is the latest wealthtech company to go public via blank-check merger, following in the footsteps of SoFi and MoneyLion

By Nicole Casperson
It's time to start your RIA's digital upgrade
OPINION FEB 22, 2021
It's time to start your RIA's digital upgrade

Digitalization could increase the market value of your RIA, a vital consideration in succession planning and enterprise value.

By Ed Swenson
All things tech
FINTECH FEB 22, 2021
All things tech

Among the many things made plain in 2020 was that tech is not just prominent, it is essential, and a keen grasp of technology is essential to the next stage of the market.

By George Moriarty
Attracting Next Gen clients will require advisers heed three trends
FINTECH FEB 19, 2021
Attracting Next Gen clients will require advisers heed three trends

Tech-driven personalization, enhanced user experiences, and ESG served as key themes during InvestmentNews’ inaugural Next Gen Summit.

By Nicole Casperson
Advisers agree: It’s time to stop ignoring Bitcoin
FINTECH FEB 18, 2021
Advisers agree: It’s time to stop ignoring Bitcoin

Bitcoin's rally and an increase in institutional adoption amplify the need for advisers to educate themselves on cryptocurrencies.

By Nicole Casperson
Warren presses Finra to review whether forced arbitration harms Robinhood customers
FINTECH FEB 18, 2021
Warren presses Finra to review whether forced arbitration harms Robinhood customers

'Investors harmed by Robinhood’s trading restrictions should be able to argue their case in court, rather than in closed-door proceedings that are too often rigged against claimants,' Warren wrote in a letter to Finra CEO Robert W. Cook.

By Mark Schoeff Jr.
Bitcoin exceeds $51,000 for first time
ALTERNATIVES FEB 17, 2021
Bitcoin exceeds $51,000 for first time

The largest cryptocurrency rose almost 6% Wednesday, following a fivefold surge in the past year, after MicroStrategy said Tuesday it would sell $600 million of bonds to buy more Bitcoin.

By Bloomberg