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LPL advisors now have access to AdvicePay. GeoWealth announced a strategic alliance with Foreside Financial Group. TD Ameritrade Institutional launches a new matching tool to help advisors find more and diverse talent. Broadridge launches AI-powered digital execution platform for next-gen liquidity corporate bonds. Intuit QuickBooks’ new ML-powered tool predicts SMB cashflow. Ruchir Swarup, former Managing Director at BlackRock, has joined Addepar as Chief Technology Officer.  Advisor360° names Richard Napolitano, former EMC/Dell executive, as CEO.

LPL Financial

LPL Financial LLC, a leading retail investment advisory firm, RIA custodian and independent broker-dealer, announced that LPL advisors now have access to AdvicePay, a leading fee-payment-processing platform designed specifically for financial advisors. Advisors using the platform will be able to invoice clients directly for financial planning services, as well as accept online payments, to make it easier for advisors and their clients.

Find details here.

GeoWealth

GeoWealth, a financial technology and asset management platform (TAMP), announced a strategic alliance with Foreside Financial Group (“Foreside”), a global provider of compliance technology solutions and product distribution services to the asset and wealth management industries. Through this partnership, financial advisors that are either breaking away and becoming independent, or are founding a registered investment advisory firm (“RIA”), will have access to the full, turnkey investment, technology, and compliance infrastructure they need to successfully launch their businesses.

Find details here.

TD Ameritrade

TD Ameritrade Institutional has launched its own RIA matching service for mergers and acquisitions, succession planning and next generation talent. The new RIAConnent service enables virtual introductions between buying and selling firms. Its sister portal, RIAConnect NextGen provides a space for firms to screen graduates and career-changers looking for part-time or full-time work by location, years of work experience, professional designation and field of study.

Find details here.

Addepar

Addepar, a leading technology platform for wealth management, announced that Ruchir Swarup has joined the company as Chief Technology Officer. Swarup joins Addepar after serving for 19 years as Managing Director at BlackRock, the world’s largest asset manager, where he was responsible for strategy, design, and development of Post Trade capabilities of the firm’s flagship Aladdin platform, used globally by BlackRock and Aladdin clients. He was also a member of BlackRock’s Global Operating Committee.

Find details here.

Broadridge Financial Solutions

Global Fintech provider Broadridge Financial Solutions, Inc., announced that LTX, its new AI-driven corporate bonds trading platform, has executed its first trades. In the creation of LTX, Broadridge partnered with Jim Toffey, founder of Tradeweb Markets. The platform combines artificial intelligence (AI) with a new digital execution protocol that allows broker-dealers to improve market liquidity, efficiency and execution for their buy-side customers.

Find details here.

 Advisor360°

WealthTech software company Advisor360° announced it has named technology industry veteran Richard Napolitano as CEO to scale the company and bring the Advisor360° solution to financial advisors and enterprises across the wealth management industry.

Find details here.

Intuit QuickBooks

Intuit QuickBooks has rolled out a machine learning-based cashflow prediction tool to assist thousands of small and medium businesses with getting back on the road to recovery. The solution – called the Cash Flow planner – is the first of its kind in the industry Intuit Quickbooks states. It also comes at a time when cashflow prediction is needed more than ever before after the COVID-19 shutdowns.

Find details here.

WealthTech Weekly June 24, 2022

WealthTech Weekly June 24, 2022

Welcome to the news highlights of this week in Wealthtech.  What’s going on: Advisor Group inks a remarkable deal, National Securities faces a $9M fine, Nomura and Instinet unwrap a…

WealthTech Weekly June 17, 2022

WealthTech Weekly June 17, 2022

What’s going on: Morgan Stanley puts to use impressive $460b to dominate wealth management, Upvest closes one of the biggest German Fintech funding rounds, The Lang Cat presents its MPS…

WealthTech Weekly June 10, 2022

WealthTech Weekly June 10, 2022

What’s going on: Wealthtech Lumiant nets $3M, Photon Commerce inks a collaboration with Identifee, Monty Finance entrenches in all European markets, Rauva aims for 20M users in the Mediterranean, Stuart…

WealthTech Weekly June 3, 2022

WealthTech Weekly June 3, 2022

Get in sync with bold moves, unexpected partnerships, and latest trends in Wealthtech. This week our spotlight is on Worldline, M1 Finance, iCapital, Fidelity, LevelField, AdvisorEngine, Pix, and data storage…

WealthTech Weekly May 27, 2022

WealthTech Weekly May 27, 2022

What happened: Klarna announced a 10% layoff due to market challenges, Saphyre added 38 new AI patents, Revolut Business launched a new suit for better team spending management, Fluid Attacks…

WealthTech Weekly May 20, 2022

WealthTech Weekly May 20, 2022

What happened: Mastercard blessed card owners with “smile to pay” payment option, Current kicked off a platform for embedding finserve solutions, Amount and LendIt Fintech research results highlighted tight competition…

WealthTech Weekly May 13, 2022

WealthTech Weekly May 13, 2022

Welcome to the news highlights of the last few weeks. Let’s get in sync with the WealthTech world. What happened this week: Solidus Labs welcomes $45M, Thoma Bravo eyes Temenos,…

WealthTech Weekly Apr 29, 2022

WealthTech Weekly Apr 29, 2022

Why has Apple acquired a UK Fintech, Tangany's and Udaan's funding rounds, Zopa hits profitability, and “Juice funds.”