The goal is to turn the RIA space into community banks, giving RIAs the same access to banking tools as a wirehouse adviser, according to CEO Tyrone Ross.
Addepar, a software used by advisers to track how investment portfolios perform across asset classes, raised an additional $150 million from New York City-based hedge fund D1 Capital Partners.
As clients were bombarded with social media messaging during the pandemic, advisers cut through the clutter by taking a more strategic approach.
Discussions on Capitol Hill go a long way to normalize and legitimize digital assets and a technology that could pave the way for sweeping change in the financial services industry.
RobustWealth, which includes digital advice, goal-based investment tools and client onboarding, will stop servicing advisers in September.
New capabilities of asset manager will include central bank digital currency, blockchain and tokens.
Michael Kitces and Pershing chief information officer Ram Nagappan outline areas in which advisers should leverage technology to grow businesses.
Uncertain regulation and a lack of historical data are issues that keep advisers on the sidelines when it comes to digital currencies.
Firms can choose to outsource their managed accounts technology as well as their investment advisory solutions, or a combination of both, according to the firm.
The internet outages occurred after servers from content-delivery network Fastly Inc. went down, affecting Amazon, Twitter, PayPal, Spotify, Twitch and CNN, among others.
Personal Capital is the latest wealthtech to leverage star power to promote brand awareness via financial wellness marketing campaigns.
SEC slapped Emperor Investments with a $25,000 fine. The charges mark the third enforcement action brought by the SEC against digital advisers.
SmartAsset, with a reach of more than 100 million consumers, matches qualified investors who are searching for financial advice.
More than a quarter of advisers indicated that they plan to increase their use or recommendation of cryptocurrencies over the next 12 months.
The robo-adviser raised $125 million in a February funding round, for a $1.4 billion valuation.
Investors are curious about crypto and meme stocks, but most advisers say that clients do not understand the volatility of these investments.
Acorns is the latest wealthtech company to go public via blank-check merger, following competitors like SoFi. Launched at the end of 2014, the fintech is a subscription-based automated investing and banking app.
The key is knowing how to select software that solves your problems while simultaneously improving both the functionality and the profitability of your firm.
Onramp Invest emerges from beta mode amid a rapidly evolving crypto marketplace that historically kept financial advisers on the sidelines.
The big news, announcements and underlying trends emerging in the world of technology solutions for financial advisers.
