DriveWealth announced a partnership with Plaid via one API integration. AlphaTrAI announced that Bruce Lavine has been named President, Asset Management. MAI Capital will acquire Ownership Advisors Inc. (OAI). BrightPlan closed a $9.5 million Series A funding round. SEI acquires defunct adviser fintech platform Oranj. Derek Bruton to Leave Kingswood U.S. Capitolis closed on a USD 90 million Series C funding round led by Andreessen Horowitz (a16z). Avantax, acquired GuideVine Technologies, Inc. (GuideVine) and its proven lead-generation and marketing platform. Netwealth secured its fourth round of fundraising with total investment reaching £38m.
DriveWealth announced a partnership with Plaid, a data network powering the digital financial ecosystem, that enables mutual customers of the companies to simplify online investment account funding via one API integration.
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AlphaTrAI, Inc., a venture-backed, asset management firm that delivers alpha through transformative artificial intelligence, announced that Bruce Lavine has been named President, Asset Management. Reporting to AlphaTrAI CEO Andreas Roell, Mr. Lavine oversees AlphaTrAI’s distribution, product design, strategy development and talent recruitment as the firm continues to grow and modernize the asset management space.
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MAI Capital will acquire Ownership Advisors Inc. (OAI), a Cleveland, Ohio–based registered investment advisor with approximately $120 million in assets under management, according to an announcement.
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BrightPlan announced that it has closed a $9.5 million Series A funding round led by the Fremont Group and the Cynosure Group, and joined by Still Capital Partners and Hawk Partners.
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SEI acquires defunct adviser fintech platform Oranj.
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Derek Bruton to Leave Kingswood U.S.
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Capitolis, which makes technology for markets players such as investment and merchant banks, has closed on a USD 90 million Series C funding round led by Andreessen Horowitz (a16z).
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Avantax, the wealth management business of Blucora, Inc. (NASDAQ: BCOR), a provider of technology-enabled, tax-focused financial solutions, has acquired GuideVine Technologies, Inc. (GuideVine) and its proven lead-generation and marketing platform.
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Netwealth, the money manager backed by a string of leading City figures, has secured its fourth round of fundraising with total investment reaching £38m.
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