The market frenzy was spurred by social media posts from prominent CEOs and internet influencers. The tweets and threads created internet mayhem and ultimately pushed the video game retail business to a $24 billion market cap.
The big news, announcements and underlying trends emerging in the world of technology solutions for financial advisers!
The brokers with outages or problems include the most prominent names in the discount and online brokerage industry, including Fidelity, the Charles Schwab Corp., TD Ameritrade, ETrade Financial Corp. and Robinhood.
A social media platform and ready access to mobile trading apps have helped push an otherwise obscure, money-losing videogame retail business to a $21 billion market cap.
Since the GameStop stock options frenzy that quietly began early this month and exploded over the past week, some traders have followed by investing in other shorted stocks, with prices surging far past the returns seen in the indexes that include them.
Fidelity's new technology is designed to help advisers create ESG model portfolios and engage clients with impact investing.
Some companies are prepping for in-person events slated for the second half of 2021. The industry is hoping to meet face-to-face again as COVID-19 vaccines are being distributed across the country.
Ever since Bitcoin rallied to all-time highs this month, the big question advisers are asking themselves is when will it be suitable to use the cryptocurrency in client portfolios.
How do I send feedback to the editors and reporters? We love to hear from you, with bouquets or brickbats. It helps us do our jobs better. You can email the reporters directly from any article, or you can send feedback for the editors.
The broker-dealer is leveraging its enterprise partnership with Riskalyze to automate risk management and enhance customer experience, which are now available to Cetera’s network of 8,000 advisers via the AdviceWorks platform.
The technology adoption and rewriting of work rules and expectations that's now occurring, if properly navigated and implemented, can help firms gain a competitive advantage.
The robo-adviser claims that at least one M1 employee lied about employment in order to get information about Wealthfront products and listen in on direct feedback from clients.
While conventional wisdom suggests a Democratic administration will move to strengthen regulations, there's potential for focus on how fintech can be used to help accomplish the new administration’s goal of expanding access to financial services.
Investments in wealthtech are expected to increase this year as millennial-friendly brokerages acquire large customer bases and expand product offerings. Industry trends including increased interest in sustainable investing and API integrations will serve as a catalyst for wealthtech funding through 2021.
Prices for the largest cryptocurrency dipped as much as 6.8% Wednesday, trading below $35,000, as worries about a market bubble discourage investors from buying in.
The Wall Street bank’s entrance into robo-advice may be late, but CEO David Solomon outlined how the platform will be able to compete in a crowded marketplace
2020 was the year that independent broker-dealers needed to rely on technology more than ever, with home-office staff and a large number of advisers working from home or in remote offices. What if criminals breach a broker-dealer's cyber wall?
The murky track record behind cryptocurrency has kept some skeptical, but both advisers and investors are showing growing interest in the asset class. The popular digital asset, Bitcoin, recent record-breaking rally has slowed, with prices set to finish this week just below $40,000, according to Bloomberg.
The asset manager will integrate Clarity AI’s data into the Aladdin tool as social and economic factors push investor appetite for ESG investing. Demand for sustainable investing accelerated last year with global investors in mutual funds and ETFs investing $326 billion in sustainable assets.
Walmart announced the launch of a new company designed to offer digitally enabled financial products to its customers and employees. Its 265 million weekly customers makes it an attractive distribution channel to expand investing to underserved investors.
