Tagged: wealth management

April 10, 2021 @ 7:27 pm By Omar Faridi  |  

StashAway, a digital wealth management solution provider, recently revealed that it will be offering services to Hong Kong consumers. The firm’s management confirmed that it’s now licensed by the Securities and Futures Commission (SFC). StashAway is a digital investment platform that offers “intelligent” asset allocation… Read More

April 10, 2021 @ 1:17 pm By Omar Faridi  |  

Betterment, the largest independent online financial advisor, recently launched an FDIC-insured Joint Checking account with several new features designed to help you and your partner “make the most of your money.” As mentioned in a note shared with CI, Betterment’s Joint Checking account is “for… Read More

April 8, 2021 @ 2:21 pm By Samantha Hurst  |  

Envestnet, Inc. (NYSE: ENV), a provider of intelligent systems for wealth management and financial wellness, announced on Thursday it has acquired Harvest Savings & Wealth Technologies. According to Envestnet, Harvest Savings & Wealth Technologies provides automated goals-based saving tools and wealth solutions to banks, credit… Read More

April 8, 2021 @ 2:12 pm By Samantha Hurst  |  

    Addepar, a U.S.-based wealth management platform, announced on Thursday the assets on its platform have increased to more than $2.5 trillion, adding more than $15 billion in assets a week on average since mid-last year. The company further revealed that it had its strongest… Read More

April 2, 2021 @ 2:24 pm By Omar Faridi  |  

Wealth management tech platform Addepar published a blog post on March 31, 2021, noting that it was Women’s History Month, when they look forward to celebrating the impressive accomplishments of women in “every avenue of business, government and our communities.” At Addepar, they feel privileged… Read More

March 17, 2021 @ 1:27 pm By Samantha Hurst  |  

Envestnet, Inc. (NYSE: ENV), a provider of intelligent systems for wealth management and financial wellness, announced on Wednesday it has expanded its Variable Annuity Program to become the Envestnet Insurance Exchange, powered by Fiduciary Exchange, LLC (FIDx).  According to Envestnet, the Envestnet Insurance Exchange provides… Read More

March 8, 2021 @ 10:22 pm By Omar Faridi  |  

WeLab, an established Asian Fintech firm, has finalized its Series C-1 $75 million funding round, which was led by Allianz X. Allianz X is the digital investment division of Germany’s Allianz Group, one of the world’s largest insurance service providers and fund managers. Since launching… Read More

February 25, 2021 @ 2:37 pm By Omar Faridi  |  

Tim Frost, CEO at YIELD App, which is a comprehensive Fintech app offering a wide range of DeFi services and new investment strategies, has shared his views and insights regarding the recent trading frenzy that was initiated by a group of armchair investors via Reddit… Read More

February 18, 2021 @ 9:14 pm By Omar Faridi  |  

California-based Fintech firm Wealthfront has announced that clients who use their Cash Account to invest in a Wealthfront Investment Account may have their funds invested in the market “within minutes.” Wealthfront customers who choose to direct deposit their paycheck into the Wealthfront Cash Account may… Read More

February 13, 2021 @ 6:35 pm By Omar Faridi  |  

The team at UK challenger bank Starling notes that it may be argued that “financial anxiety” is a by-product of the way that we respond to a particular situation, and not necessarily a result of the actual situation. Starling says that focusing more on what… Read More

February 5, 2021 @ 5:19 pm By Omar Faridi  |  

California-based Fintech firm Wealthfront revealed on February 4, 2021 that its customers will now be able to use their service to monitor for and automatically transfer excess funds to a Wealthfront Roth IRA, Traditional IRA or a 529 College Savings Account. As noted in a… Read More

February 4, 2021 @ 7:52 am By Omar Faridi  |  

Switzerland-based wealth management Fintech WealthArc is reportedly planning to strengthen and expand its overseas business after acquiring over $4 million in capital. WealthArc’s Cloud-enabled platform is being used by wealth management services to access investment data that is automatically gathered and curated by AI algorithms…. Read More

February 2, 2021 @ 8:50 pm By Omar Faridi  |  

California-headquartered Fintech firm InvestCloud has reportedly completed a recapitalization that now values the platform at around $1 billion. According to a release, new financial investors are led by Motive Partners with Clearlake Capital Group, L.P. and also includes other InvestCloud client shareholders. Under the terms… Read More

February 1, 2021 @ 8:45 pm By Omar Faridi  |  

Robin Melnick, Director, Alliances & Partnerships at Addepar, a leading provider of technology for the wealth management industry, recently connected with Bob Miller, CEO of PCR, a private client wealth aggregator assisting wealthy families, their advisors, and wealth tech companies develop “winning” digital transformation strategies…. Read More

January 29, 2021 @ 5:50 pm By Omar Faridi  |  

Temenos (SIX: TEMN), a banking software company, has revealed that Schroders Wealth Management in Switzerland has decided to use its solution in order to automate and improve its financial advisory business. Schroders Wealth Management will reportedly launch the Temenos Wealth Front Office which is described… Read More

January 27, 2021 @ 11:30 pm By Omar Faridi  |  

BNP Paribas (EPA: BNP), a French international banking group that’s ranked as the 8th largest bank in the world in terms of total assets (appr. €2 trillion), will be providing its Visa Premier cardholders the opportunity to update to a contactless fingerprint option for a… Read More

January 25, 2021 @ 9:45 pm By Omar Faridi  |  

Southeast Asia based StashAway, a digital wealth management firm focused on retail and accredited investors, recently revealed that it’s now managing over $1 billion in assets since launching operations back in 2017. StashAway’s management confirmed that they were able to generate these solid returns even… Read More

January 23, 2021 @ 1:22 pm By Omar Faridi  |  

Berlin-headquartered Elinvar, a Fintech firm that aims to assist wealth managers and private banks with digitizing their business processes, has secured €25 million in capital. Elinvar’s platform outsources key processes such as client relationship management, digital onboarding, onsite advisory services, investment management, reporting, invoicing, online… Read More

January 20, 2021 @ 10:06 am By Samantha Hurst  |  

  Wealthpilot, a Germany-based wealth management platform, announced on Wednesday it secured €8 million through its latest investment round. According to Wealthpilot, the total amount includes a contribution of €3.4 million from investor Seventure, with the remainder coming from previous investors Bayern Kapital, MIG Fonds,… Read More

January 16, 2021 @ 7:56 pm By Omar Faridi  |  

Ecosystem development, sustainable investment strategies, and hyper-personalization were identified as some of the major wealth management trends that will be prioritized by Wealthtech companies this year. This, according to a report from Capgemini, a French consulting firm. In a research report, titled Top Trends in… Read More