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CRM provider Wealthbox gets $31 million infusion
Frontier Growth is taking a minority equity stake in the Rhode Island-based fintech.
ESG-reporting startup gets $7 million in seed funding
ESGgo will monitor and eventually help improve companies' disclosures.
Onramp Invest regroups after layoffs
The San Diego-based firm reassured clients and investors about the viability of the company moving forward in a blog post Monday, and sent a heartfelt message to the 18 employees that were let go.
Robinhood plans spending account service alongside new cash card
The new account will be free; it will include a feature for automatically investing a percentage or standard dollar amount from paychecks, as well an early deposit feature that will let users receive their income up to two days early.
Despite the hype, future of advice is hybrid: Vanguard
According to a new study published by The Vanguard Group Inc., the vast majority of advised clients aren't interested in totally digital advice.
TCW partners with iCapital to improve access to its alts offerings
The asset manager will use customized technology from iCapital to facilitate its clients' use of its offerings of alternative investments.
As Ukraine fights for its freedom, US firms should watch for Russian hacks
The increase in remote work, conducted over networks that may not be secure, as well as the widespread use of mobile apps, have added a new level of risk.
Fidelity tool aims to make benefits more inclusive
The company's benefits equity scorecard can help employers match the benefits they provide to employees' needs.
SEC’s Crenshaw assures advisers agency doesn’t seek to punish cyberattack victims
The new director of the SEC Division of Investment Management, William Birdthistle, makes his public debut at the Investment Adviser Association conference.
Best-performing robo-advisers of 2021
The latest edition of the Robo Report by Backend Benchmarking tracks 58 accounts at 35 different providers and includes both qualitative factors, such as financial planning features, as well as the performance metrics.
Hub builds out digital platform with Insureon deal
Chicago-based Hub will buy Insureon’s digital insurance agency and its brand, while Bold Penguin will take control of its technology platform.
US warns of potential Russian cyberattacks on wealth managers
The Department of Homeland Security has set up a page warning of cyberattacks emanating from Russia, and both the SEC and Finra echoed those concerns in notices to the public.
Tyrone Ross resigns as CEO of Onramp Invest
Co-founder Eric Ervin, who's taking over as CEO, alludes to the 'stresses of dual leadership' in an email to investors.
Envestnet is reportedly up for sale — again
The fintech is reportedly being shopped around to private equity firms in what could potentially become one of the largest wealthtech deals to date.
Wealthtech funding had ‘record-shattering’ 2021
The world’s largest firms are betting that new tools from wealthtech providers, ranging from AI to robotic process automation and blockchain systems, can help slash costs while increasing assets.
Small advisory firms need tech, too
Small to midsize wealth management firms are more likely to purchase third-party tools than their wirehouse counterparts.
Betterment pushes into student loan debt with new tools
In the company’s first foray into the 529 space, the Student Loan Management platform allows workers with a Betterment 401(k) to view their loans alongside their other financial accounts.
FeeX lands $80 million and relaunches as Pontera
In addition to a recent deal with Carson Group in October, other partnerships with Orion Advisor Solutions and Advyzon have proved successful for the company, which claims to have grown 300% in the past three years.
When building a tech stack, best-in-breed isn’t always best
The RIA Lab panelists offered suggestions on how advisers can navigate the challenges and opportunities of technology integration.
HSBC under investigation in US over WhatsApp use
Bank cooperating with CFTC probe into business communications. This comes after JPMorgan was fined for messages outside work systems.
