Big moves
Groundfloor, the U.S. wealthtech democratizing real estate investing, is extending its reach to Tulsa, Oklahoma. As part of its strategy, the firm is distributing $30 million in dedicated financing to local real estate businesses. The move aims to rejuvenate the area by supporting local housing development.
Read more here.
Top-league wealth management firm Blueleaf gets a new executive on its team. Tim Minert has become Executive VP of Business Development. A veteran with 30+ years in Wealthtech, he worked in chief positions at AdvisorPeak, Redtail Technology, and Cambridge Investment Research.
Minert will contribute to Blueleaf's growth as a provider of best-in-class wealth management instruments and experience.
Read more here.
For Goldman Sachs, personnel changes continue after the severe job cuts earlier this year. Joe Duran, whose United Capital Goldman Sachs acquired four years ago, is leaving the company for a fresh start. Duran describes the last years he spent fitting his firm into Goldman’s business context as “a great time.”
However, this is not the end of Duran’s cooperation with one of the US's top ten banks.
Read more here.
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Wealth management platform FNZ holds onto the ball on its acquisition run, now in the direction of International Fund Services and Asset Management (Ifsam), a B2B fund platform headquartered in Luxembourg.
By enriching FNZ’s data, research, product, and service, the acquisition will help the company bring its value proposition to a new level for its customers. The expansion of FNZ’s presence in Luxembourg will be another advantage.
Read more here.
Canada’s Wealthtech stars collide in a partnership for advisors’ benefit. Mackenzie Investments has tapped CapIntel’s Link to provide advisors with the unparalleled ability to browse through over a hundred financial products effortlessly. With Link, users can easily connect investment funds to portfolios and simulate the effect of each addition.
The partnership news comes in a month after Mackenzie Investments purchased an interest in ChinaAMC, one of the country’s largest fund managers.
Read more here.
Bird’s eye survey
Docupace has caught a detailed outline of the changing RIA needs in its new market research. Find out the highlights from Michael Pinsker, Docupace founder and president, who has also shared advice for RIAs striving to gain a competitive edge and commented on the company’s new toolkit born from the research.
Read more here.
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