Welcome to the 36th edition of our Wealth & Tech Weekly newsletter
A part of our Wealth & Tech Monthly newsletter process, this first newsletter of 2020 provides a quick overview of the latest wealth management technology-related developments from across the sector internationally. This week's version actually covers a 3-week period from December 23rd, 2019 to January 12th, 2020 and features 22 market developments from those 3 weeks.
- Advicefront integrates with Intelligent Office from Intelliflo (Weblink)
- AlgoTrader raises CHF3.7 million in Series A round (Weblink)
- Altruist partners with DriveWealth to offer digital investment platform to advisors (Weblink)
- Asset-Map integrates with SS&C Technologies’ Black Diamond (Weblink)
- Betterment opens an office in Denver (Weblink)
- Canadian robo Emperor Investments has closed (Weblink)
- Citigroup partners with YieldStreet for credit investments (Weblink)
- Envestnet buys minority stake in Dynasty Financial Partners and will jointly launch Advisor Services Exchange (Weblink)
- Envestnet announces its Credit Exchange portal is open with first 4 lenders available (Weblink)
- Fidelity launches Health Savings Account for advisors, integrated into Wealthscape (Weblink)
- Interactive Investor scraps its regular investing fee (Weblink)
- LEBC launches new bionic advice service called Hummingbird (Weblink)
- LPL adds Envestnet MoneyGuide to ClientWorks (Weblink)
- ON Investment Management Co using Envestnet Insurance Exchange (Weblink)
- Praemium launches paperless applications and digital signatures (Weblink)
- Proven Wealth launches digital IPO tool for local Jamaican IPOs (Weblink)
- Schwab announces availability of Schwab Intelligent Income (Weblink)
- Sterling Mutuals to use Pascal Financial’s new digital wealth platform (Weblink)
- Thai-based digital wealth platform Finnomena raises US$10 million in Series B round (Weblink)
- Wealth Dynamix and Synpulse partner (Weblink)
- Wealthify appoints chief product officer (Weblink)
- Wealthsimple launches new business names to facilitate new service offerings (Weblink)
