Welcome to the second edition of our Wealth & Tech Weekly newsletter.
A part of our Wealth & Tech Monthly newsletter process, this weekly newsletter provides a quick overview of the latest wealth management technology-related developments from across the sector internationally.
- Assets fall but revenues rise for financial advisors, according to PriceMetrix research (wealthmanagement.com)
- Banking software firm Technisys raised US$50 million in new series C (ZDNet)
- Broadridge Financial Solutions acquires Rockall Technologies (wealthadviser)
- Canada’s BMO launches a Technology & Innovation Banking Group (Yahoo Finance)
- Digital Assets Data launches with $US6 million seed funding round (Crypto Reporter)
- Digital SPV, a new US-based fintech, set-up to automate SPV formation for angel investors (wealthmanagement.com)
- Envestnet launches AdvisorAnalytics to help improve adviser decision-making (InvestmentNews)
- Envestnet completes the acquisition of PIEtech, the creator of MoneyGuide (APNews)
- EY’s 2019 Global Wealth Research report says 33% of clients to change providers in the next 3 years (Reuters)
- Falcon Private Bank works with Riddle&Code to build a custody solution for digital assets (BusinessWire)
- Fenergo recruited Cormac Sheedy as Head of Sales for MENA (Yahoo Finance)
- Hearsay Systems research says advisors are too corporate on social media (InvestmentNews)
- Innovate Finance, FinTech Scotland and FinTech North create national network (Innovate Finance)
- Investec Private Bank to launch a new digital client connection platform (Citywire Wealth Manager)
- JHC Systems launches new digital platform (Citywire)
- Julius Baer’s Brazilian subsidiary GPS announced an investment into local digital wealth firm Magnetis (International Investment)
- Junxure, owned by AdvisorEngine, announced integrations with Orion Advisor Services, Constant Contact and MyRepChat (wealthmanagement.com)
- Kestra Advisor upgrades its technology including proprietary, AdvisorComplete (ThinkAdvisor)
- Raymond James to launch a new platform to match buyers and sellers of advice firms (wealthmanagement.com)
- Schroders and Citi join forces to launch new wealth tool for clients (International Adviser)
- Standard Life upgrades Professional Portfolio Manager with its Capital Gains Scenario Tool (wealthadviser)
- The Lang Cat research shows advisers avoid platform switching due to complexity (FTAdviser)
- UK-based instant messaging platform Nivo raises GB£2 million (BusinessCloud)
- UK wrap platform firm Nucleus Financial relaunches its advisory board (FTAdviser)
- US RIA firms know the need to invest more in tech, according to the 2019 Elite Advisor Poll from BNY Mellon Pershing (410KSpecialist)
- WealthBriefing launches new online family office database in partnership with Highworth Research (WealthBriefing)
Each of these news pieces will be written up in more detail, alongside all other developments, in either the Wealth & Tech Monthly newsletter for April or May 2019.
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