Marstone, a white-label digital advice platform, said it’s now offering its turnkey asset management platform to community banks. Marstone announced that the Bank of Oak Ridge, which has multiple locations in North Carolina, will use its platform in combination with the services of Detalus Advisors. Other community banks could use the platform with Marstone’s own registered investment adviser.
With the addition of Marstone’s platform, customers of the Bank of Oak Ridge can access digital wealth management services via the bank’s website.
Marstone said its offering allows any community bank to provide digital wealth management services to clients in less than a month.
“Marstone offers a complete digital wealth management platform and financial health and wellness tool kit that enables community banks to meet their clients’ needs at a fraction of the time — and cost — that it would take to create a comparable solution in-house,” Margaret J. Hartigan, co-founder and CEO of Marstone, said in a statement.
Wealth Consulting Group, Coastline and Maridea report fresh capital, acquisitions and asset growth as advisor M&A keeps climbing
Carson Group's Dani Fava, Jason Pereira of Woodgate Financial, and Sally George of Convergency Partners led the raise as the growth-tech startup builds out its AI platform and leadership bench.
New teams from William Blair, Ameriprise and UBS bring more than $560 million in combined client assets to the firm's employee and independent channels.
Regulators this year approved UBS Bank USA’s conversion to a nationally chartered bank.
How a subprime lender’s car-loan bonds allegedly unraveled before bankruptcy.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
