The robo-adviser claims that at least one M1 employee lied about employment in order to get information about Wealthfront products and listen in on direct feedback from clients.
While conventional wisdom suggests a Democratic administration will move to strengthen regulations, there's potential for focus on how fintech can be used to help accomplish the new administration’s goal of expanding access to financial services.
Investments in wealthtech are expected to increase this year as millennial-friendly brokerages acquire large customer bases and expand product offerings. Industry trends including increased interest in sustainable investing and API integrations will serve as a catalyst for wealthtech funding through 2021.
Prices for the largest cryptocurrency dipped as much as 6.8% Wednesday, trading below $35,000, as worries about a market bubble discourage investors from buying in.
The Wall Street bank’s entrance into robo-advice may be late, but CEO David Solomon outlined how the platform will be able to compete in a crowded marketplace
2020 was the year that independent broker-dealers needed to rely on technology more than ever, with home-office staff and a large number of advisers working from home or in remote offices. What if criminals breach a broker-dealer's cyber wall?
The murky track record behind cryptocurrency has kept some skeptical, but both advisers and investors are showing growing interest in the asset class. The popular digital asset, Bitcoin, recent record-breaking rally has slowed, with prices set to finish this week just below $40,000, according to Bloomberg.
The asset manager will integrate Clarity AI’s data into the Aladdin tool as social and economic factors push investor appetite for ESG investing. Demand for sustainable investing accelerated last year with global investors in mutual funds and ETFs investing $326 billion in sustainable assets.
Walmart announced the launch of a new company designed to offer digitally enabled financial products to its customers and employees. Its 265 million weekly customers makes it an attractive distribution channel to expand investing to underserved investors.
It's a good time for firms to take stock of what’s working well and how they can ensure advisers are digitally empowered in the year ahead.
The strategy also includes the creation of a new podcast, a six-part virtual webcast series and the launch of a fintech conference
Fintech and digital record keeper Vestwell is among about three dozen firms that have registered as pooled plan providers with the DOL, but the firm does not yet have information on pricing and plan design for a potential PEP product.
The online lender known as SoFi, which gained popularity by refinancing student loans, agreed to merge with Social Capital Hedosophia Holdings Corp. V, a special purpose acquisition company. It marks the latest example of a growing trend in which closely held firms go public by merging with a SPAC.
Clients are curious about the recent boom in cryptocurrencies, but volatile performance records are keeping some advisers on the sidelines
Starting a new job amid a pandemic, I’ve had to rethink how to thrive, virtually, with technology as my trusty tool to succeed
Revision of the advertising rule in place since 1961 reflects technological advances like social media marketing, according to the regulator
The wealth manager will become one of the last major institutions to offer digital advice with the launch slated for Q1
The use of new technologies and solutions will mean fundamental shifts in the financial services industry
A confluence of environmental changes, like work from home orders, virtual events and an economic recession, have forced advisers to embrace tech tools in a matter of months
Founder Jon Stein wasn’t able to achieve his ultimate goal of an initial public offering, but he transformed the little-known New York-based fintech into a digital behemoth
