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Envestnet weighs options after seeing takeover interest
The Chicago-based fintech has recently been approached by at least one private equity firm interested in acquiring it, according to people familiar with the matter.
SEC flooded with comment letters about Bitcoin ETFs
Hundreds of comments have been published online in the past two weeks, after Grayscale Investments launched a media campaign encouraging the public to weigh in on a Bitcoin ETF.
Why Envestnet is enticing advisers to dive into its massive data lake
The TAMP doubled down on its vision to aggregate the 2 petabytes of consumer spending data it collects — roughly equivalent to 1 trillion pages of printed text or 40 million filing cabinets.
Fintechs dive into digital marketing in post-pandemic world
As advisers look to use online tools for prospecting, Commonwealth and Sanctuary team up with Tifin, and AssetMark and eMoney Advisor roll out upgrades.
Investing platforms cash in on crypto craze
Companies ranging from established robo-advisers like Betterment to upstarts like the crypto-focused robo Domain Money have launched new products in recent weeks to help clients navigate the complex and often confusing world of digital assets.
The latest in financial #AdviserTech — February 2022
This month’s #AdviserTech roundup includes Wealthfront’s $1.4 billion acquisition by UBS, Gemini’s purchase of Bitria, and a couple of deals related to RIA compliance technology.
Crypto, fintech firms build platform to meet money-laundering rule
Coinbase Global, Gemini Trust and Robinhood Markets are among the companies working to comply with the Treasury Department's 'travel rule.'
Betterment a potential target after Wealthfront deal
The New York-based robo-adviser, which landed its largest capital funding round to date in September, for a valuation of $1.3 billion, could now have a significant bull's-eye on its back for potential buyers.
There’s a portrait of Jamie Dimon hanging in JPMorgan’s metaverse lounge
Blockchain unit Onyx set up the lounge as it released a paper on how businesses can explore opportunities in the metaverse.
Ex-broker with career at failed firms gets 7 years for tech scheme
Isaac Grossman hopped from firm to firm over his 13 years in the securities industry, and eventually was permanently barred from acting as a broker by Finra.
ISS adds service for ESG standards
ISS ESG Labels & Standards Solutions aims to help asset managers keep track of standards.
Hackers snagged $36 million in cryptocurrency in breach of IRA Financial
Company has launched investigation and contacted law enforcement because Bitcoin and Ethereum were snatched from IRA users on Feb. 8.
Fintech raises $5.1 million to expand annuity platform for 401(k)s
Major insurers including Allianz Life, Franklin Templeton and Pacific Life are joining a venture firm in backing San Francisco-based Micruity.
Metaverse ETFs are the hot new thematic investment
Investors are piling into exchange-traded products that offer exposure to companies jockeying to create virtual realities.
SEC cyber rule proposal poses challenges for small advisers
Firms will have to beef up their ability to detect, react to and report attacks, which is easier to do if you have an IT department.
CAIS provides alts platform to Focus Financial firms
The custom CAIS platform will allow for the evaluation of hedge funds, private equity, private credit, real estate, digital assets, and structured notes.
Q4 2021 top fixed-income ETFs
See the top 50 fixed-income ETFs ranked by quarterly returns, the top 25 fixed-income ETFs ranked by largest inflows, and the top 25 fixed-income ETFs ranked by largest outflows
SEC proposes first cybersecurity rule for investment advisers
Under the regulation, advisers would have to adopt and implement policies and procedure to address cyber risks and report incidents to the SEC and on their Form ADV.
SoFi looks for big win at Super Bowl LVI
The wealth management fintech spent $625 million to secure the naming rights to Los Angeles’ football stadium in 2019 and will be hoping for a major return on its investment.
Betterment acquires Makara in push into crypto market
Once Betterment launches its own crypto tool using Makara's technology, the tool will be available to retail clients, as well as through Betterment For Advisors, the company's business-to-business platform.
