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Comedy or tragedy? The curtain is rising on robos’ third act
The attractiveness of stand-alone robos, coupled with the ample dry powder at large financial services players, could mean more acquisitions are on the horizon.
BlackRock enters the TikTok sphere
The world's most influential money manager is the latest financial giant to make an appeal to younger investors on the viral video platform.
Advisers see increased opportunity in new fintech tools
The majority of advisers said that while they're satisfied with their current technology, further enhancements could spur additional growth this year, according to a survey by Broadridge Financial and FSI.
AssetMark launches new digital prospecting, marketing tools
The third leading TAMP by assets this week announced the launch of two new tools to help advisers find and land new clients.
Morningstar boosts focus on wealth management
Daniel Needham will head up the new unit, which will include existing functions such as managed portfolios, portfolio management software and investment data aggregation.
Fidelity updates its Wealthscape tech platform
Refreshes mobile app and adds a digital empowerment tool.
Caribou lands $3 million to manage health care costs for clients
The health care planning fintech is aiming to make complex health insurance decisions easier by collecting data about clients’ plans, usage and medications to find the best possible strategies.
Private equity influence on wealth management is big and getting bigger
The 38 direct PE investments in wealth management last year compares to 23 in 2020 and 11 in 2019. Now PE is eyeing the wealthtech space.
The rise of the crypto robo-advisors
Recent market volatility is making crypto robos more appealing in the traditionally passive world of digital advice.
UBS gets dose of digital disruption
CEO Ralph Hamers is on a mission to pull UBS into the digital age, and last week's announcement of the bank's acquisition of robo-adviser Wealthfront was his first move.
Cybersecurity rule would clarify what SEC expects of advisers
A pending proposal likely would focus on strengthening advisory firms' disclosures and their preparedness for cyber risks.
UBS buys Wealthfront for $1.4 billion in major push into US market
The largest Swiss bank said the acquisition will accelerate its growth in America, broadening the firm’s reach to more mass-affluent investors.
SEC officials urge firms to update compliance to cope with emerging technologies
The leaders of the agency's enforcement division talk about the message the SEC sent with a $125 million penalty for JPMorgan's failure to preserve text messages.
UBS buying Wealthfront for $1.4 billion in cash deal
The acquisition will add more than $27 billion in assets under management and over 470,000 clients in the U.S., the bank said.
The latest in financial #AdviserTech — January 2022 — Part 2
The major trends underway in the financial adviser ecosystem, and what those trends portend for the year to come.
Mobile apps push wealthtech funding to record highs
The first quarter alone in 2021 netted $6 billion in new wealthtech funding, which accounted for 41% of the total investments raised last year, according to the most recent data from CB Insights.
Fidelity launches new compliance business line Saifr
The technology lets artificial intelligence do the monotonous tasks of compliance reviews, allowing marketers and compliance teams to focus on the more complex details.
Pending SEC proposal targets advisers’ cyber ‘hygiene’
A pending proposal would be designed to enhance cybersecurity preparedness and incident reporting.
Why JPMorgan is spending $12 billion on tech
The 26% boost in the bank's 2021 tech spending covers not just software development, but investments in data and analytics, artificial intelligence and physical aspects such as data centers.
Verity launches tool for 403(b) market
Vynntana allows for collaboration among stakeholders.
