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Welcome to the Wealthtech news highlights of the week. 

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 suitability tool, Dhan and smallcase unite to bring smallcases to investors, and Canadian Wealthsimple joins the layoff rush, all while wealth managers face new challenges. Let’s start in order.

Morgan Stanley plans to lure investors of all stripes to its new wealth management ecosystem. The company has unwrapped its ambitious Connected Client Journey just as a Cerulli report has revealed a relevant demand is out there. 60% of the surveyed significant wealth holders show interest in a kind of a consolidation opportunity similar to what Morgan Stanley prepares.

Read the full article here.

Upvest raises $42 million in the middle of prepping the basis for international expansion. Being one of the few lucky ones in Europe to hold all BaFin licenses for securities and crypto brokerage, plus custody, the financial institution closes one of the hugest German FinTech funding rounds in 2022.

Read the full article here.

The Lang Cat has introduced its managed portfolio service (MPS) suitability tool. With its help, advisors will be able to explore portfolio services and choose and showcase to their clients the most suitable ones.

Read the full article here.

Your business deserves excellent Fintech expertise and engineering savvy.

 

Dhan and smallcase partner to provide smallcase investment options to Dhan customers. Now theme-, strategy-, and objective-based stock basket investing is available on Dhan’s mobile app.

Read the full article here.

As Andy Bell is stepping down, having spent 27 years as CEO at AJ Bell, Investec Securities analyst explains what that means for the company and what might happen next. 

Read the full article here.

Toronto-based Fintech leader Wealthsimple appears to be a harbinger of the tech layoff wave reaching Canadian shores. The company, which specializes in trading and money transfers, has recently terminated approximately 13% of its staff, or 159 employees.

Read the full article here.

Opportunity: New generation of HNWIs will need renovated premium digital experience. 

Amid the ESG trend ramping up and COVID losing its grip, wealth managers face new challenges from high-net-worth individuals. Mark Trousdale, Chief Marketing Officer at InvestCloud, explains what HNWIs want and how to achieve that.

Read the full article here.

Your business deserves excellent Fintech expertise and engineering savvy.

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What makes our developers stand out is their thorough understanding of financial concepts, which helps them build best-in-class gear. By fostering a culture of financial literacy across the company, we make our team grow professionally and improve their financial wellbeing. 

Want to know a curious fact? Our expertise saves you at least 25% of time compared to teams inexperienced in the business domain area. To learn more, contact Vasyl Soloshchuk or schedule a call with one of our tech experts. See you on the innovation side!

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 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.”

WealthTech Weekly August 2, 2021

WealthTech Weekly August 2, 2021

iCapital receives $4 billion valuation after latest fundraising round. AdvisorEngine hires Raj Madan as Chief Information Officer. All-in-one software provider, Advyzon, announces A Series of integrations with BNY Mellon’s pershing.