Welcome to the fifth 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. This week's, covering May 20th to May 26th, features 30 plus market developments.
- Aite Group suggests robo market could reach US$1.23 trillion by 2023 (Weblink)
- Artivest names Paul Nobile as CMO (Weblink)
- Aviva introduces new features to adviser platform (Weblink)
- Broadridge agrees deal to acquire Canadian firm RPM Technologies (Weblink)
- CAIS adds four to leadership team (Weblink)
- Calastone launches blockchain-based infrastructure for trading and settlement of pooled investment funds (Weblink)
- Chinese technology platform PINTEC supports Bank of Nanjing to developing new digital wealth solution (Weblink)
- Deutsche Bank launches dbXpert service (Weblink)
- Dynamic Planner partners with Intelliflo, Royal London and VitalityInvest (Weblink)
- Financial planning firm Waddell & Reed launches WaddellONE centralised advisor desktop (Weblink)
- Finantix recruits Tim Wood as new CFO (Weblink)
- Independent Financial Partners selects Riskalyze (Weblink)
- InvestCorp agrees a deal to acquire Mercury Capital Advisors (Weblink)
- Jarvis Investment Management selects JHC System’s Neon solution (Weblink)
- Lincoln Financial Network to offer Goldman Sachs’s GS Select to advisors and clients (Weblink)
- Lombard Odier appoints Stephen Kemp as new COO for private clients (Weblink)
- LPL Financial raises forecast technology spend to US$150 million (Weblink)
- ONE PM and CSL Corporate Services Ltd partner (Weblink)
- Online adviser directory Unbiased raises fees for passing user enquiries to advisers (Weblink)
- OpenFin hires Tim Dinsdale from Goldman Sachs as European CTO hire (Weblink)
- OpenMoney and YouGov research shows growing ‘Advice Gap’ in the UK (Weblink)
- Pitcher Partners Wealth Management Brisbane selects Praemium’s integrated managed account platform (Weblink)
- Platform provider Novia increases profits by 72% (Weblink)
- Redtail CRM breach may have exposed client data (Weblink)
- RetireUp adds Great American Life's fixed-indexed annuities to RetireUp Pro platform (Weblink)
- RIA Altium Wealth implements Smartleaf (Weblink)
- RIA North Capital launches new in-house built D2C financial planner and robo tool (Weblink)
- Standard Life Aberdeen launches model portfolio service on its Wrap and Elevate platforms (Weblink)
- The FCA identifies 187% rise in outages from UK wealth firms (Weblink)
- Wealthsimple raises GB£60 million in round led by Allianz (Weblink)