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Embedded investing and why it works
Professionally managed portfolios that are accessible inside of consumer apps will give consumers their first taste of investing via a long-term-focused offer — perhaps coupled with education and bite-sized planning.
5 reasons why every app is becoming a financial services app
Embedded finance has become popular, and profitable, as companies combine savings, lending, insurance, investing and planning services into nontraditional apps, like Walmart Inc. and Uber Technologies Inc.
Envestnet bolsters $315 billion AUM with expanded services
The leading TAMP by assets is racking up the number of advisers on its platform and new accounts are opening at a faster pace than prior quarters, said CEO Bill Crager in an earnings call.
Envestnet taps UBS, iCapital to offer alternatives
The Alternatives Exchange will provide curated UBS and iCapital alternative investment products to the 106,000 advisers on Envestnet’s platform.
Assessing the tax implications of Bitcoin
The IRS has clearly communicated that cryptocurrency assets are taxed when they are traded, but this is news to many of the investors who own cryptocurrencies.
Wealthtech funding hits record $5.6 billion in Q1
In the first quarter, a total of 86 deals took place, and the wealthtech sector already has outpaced 2020’s year-end total funding of $5.2 billion.
Envestnet details $30 million plan for tech ecosystem
Envestnet CEO Bill Crager outlined how the firm is using additional operating expenses toward the financial wellness ecosystem’s development.
Wealthtechs merge to build ‘ecosystems’ for advisers
Wealthtech has exploded with innovation over the past decade. Today, more firms are merging to create coordinated technology ecosystems.
InvestCloud to acquire Advicent and NaviPlan planning software
The acquisition follows the firm’s merger with Tegra118 that drove it to a $1 billion valuation. Market volatility has accelerated a focus on financial planning.
The latest in financial #AdviserTech — April 2021
The big news, announcements and underlying trends emerging in the world of technology solutions for financial advisers!
Envestnet acquires fintech Harvest Savings
Envestnet now owns Harvest's technology, including its automated micro-savings and digital account opening tools.
Envestnet beefs up leadership for financial ecosystem strategy
The new hires, including former TD Ameritrade and Fidelity execs, are a strategic move by Envestnet to build a digital financial wellness ecosystem.
Beyond adoption: Wealthtech finally eyes innovation
Wealthtech has finally graduated from forcing adoption to focusing on innovative ways to bring financial advice into users' pockets.
Orion acquires risk management fintech
The platform it's buying, HiddenLevers, allows advisers to perform portfolio- or security-level stress tests to measure sensitivity to macro-level risks.
AssetMark acquires Voyant in $145 million deal
The deal positions the turnkey asset manager to build its own financial wellness platform, similar to a strategy announced by TAMP powerhouse Envestnet last week.
Envestnet boosts expenses to build new financial ecosystem
Envestnet plans to ramp up investments into a digital financial wellness ecosystem that connects multiple aspects of a user's financial journey.
Envestnet rolls out Trust Services Exchange
Envestnet advisers can manage trust and estate planning accounts for their clients thanks to an API integration with Trucendent
RIAs leverage TAMP tech the most: Report
Turnkey asset management platforms hold more than $2 trillion in managed wealth, and RIAs are the group that's funneling the most assets into TAMPs.
InvestCloud aims to be the Amazon of wealthtech with Tegra118 merger
Global fintech InvestCloud completed a recapitalization that establishes the firm as the latest fintech unicorn while positioning it to rival TAMP offerings, according to experts.
Conferences are planning in-person events in 2021
Some companies are prepping for in-person events slated for the second half of 2021. The industry is hoping to meet face-to-face again as COVID-19 vaccines are being distributed across the country.
