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Fintech Smart USA buys financial wellness provider ProManage
The acquisition is the latest in a string of deals for UK-based Smart, including its purchase last year of Stadion Money Management.
Fidelity leans into alternative strategies as demand grows amid economic uncertainty
Fidelity's alts platform, which launched in 2013, has seen assets grow by 70% since 2020.
Nvidia stock spike shines light on ETFs offering AI exposure
As interest in artificial intelligence grows, it's worth looking under the hood of sector ETFs.
InvestCloud interim CEO opens up about fintech’s recent leadership changes
Richard Lumb says that while InvestCloud is growing, a different set of skills are needed to take it to the next level.
Retirement Clearinghouse reports data breach
Social Security and account numbers were compromised in a phishing attack, but accounts were not accessed, according to the firm.
Advisor Group is latest B-D to report data breach
The breach involved 'a systems intrusion' at R.R. Donnelley, a third-party vendor that Advisor Group uses for some of its client mailings.
Vanguard CEO Buckley tiptoes around ESG, embraces AI
'ESG funds are not the next great innovation,’ Tim Buckley said at an Investment Company Institute conference. 'They’re a client preference, and we need to treat it as such.'
Ritholtz Wealth files for new robo-advisor
The new product, called Good Advice, requires a $15,000 minimum investment and will charge a maximum fee of 50 basis points.
The latest in financial #AdvisorTech — May 2023
This month's highlights include Betterment's $9 million settlement with SEC and whether it points to more SEC scrutiny of RIAs' tax-loss harvesting promises, as well as Altruit's latest fundraising round and GeoWealth's acquisition of First Ascent.
Waning confidence in banks creates opportunity for advisors to manage clients’ cash
Just 59% of households surveyed indicate they're confident about the stability of the banking system, creating a tailwind for fintechs that help advisors offer cash management.
Orion CEO Eric Clarke announces retirement plans
Clarke informed the company's board of directors that he plans to step down at the end of the year.
Over a difficult year, these robo-advisors performed the best
Fidelity Go, Wealthfront and Ellevest had the best showings, relative to a benchmark, over the one-year trailing period ended March 31, according to Condor Capital Wealth Management's latest 'Robo Report.'
SignatureFD adds Pontera platform to grow 401(k) business
Pontera’s alliance with the Atlanta-based wealth manager is the latest in a string of deals designed to give financial advisors the ability to manage client assets in held-away accounts.
SEC’s delay on climate disclosure rule leaves companies in limbo
Few companies have goals in place that would reduce their greenhouse gas emissions in line with Paris goals, according to MSCI.
Investors want AI-powered advisors, and fintechs race to meet demand
Most clients believe AI will help their advisors, a Morgan Stanley report finds.
J.P. Morgan partners with Vestwell to expand 401(k) business
Vestwell will provide a new record-keeping solution and help power Everyday 401(k), Chase’s workplace savings program for small businesses.
SEC steps up intensity of cybersecurity oversight
Investment advisors and brokerages shouldn't wait for final regulations to shore up their cyber defenses, experts say.
InvestCloud took a shot at Envestnet and missed
The company, which made a significant investment to challenge Envestnet's supremacy among TAMPs, underwent a sudden shakeup in leadership last month.
S&P expands focus on biodiversity risk data
New data on 17,000 companies is available using a methodology developed in conjunction with the UN Environment Programme.
Riskalyze rebrands as Nitrogen
The company's new name reflects its evolution from measuring client risk tolerance toward offering a broader suite of wealth management fintech.
