Intuit has agreed to acquire TradeGecko for more than $80 million. Pathstone announced its acquisition of Cornerstone Advisors. ROBO Global joins the growing list of asset managers on the Oranj custodian-agnostic platform. TruChoice Financial Group announced the launch of a new relationship with Snappy Kraken. Addepar was named a leader in the 2020 Aite Matrix for RIA Portfolio Management and Reporting Systems. Rowboat Advisors’ tax-efficient and direct indexing technology will support the rollout of Riskalyze’s “Intelligent Tax Optimization” capability. Galileo is powering RoarMoney, a new demand deposit account offered by consumer digital finance platform MoneyLion. LPL Financial introduced a new employee advisor affiliation model.
Riskalyze, the industry’s leading risk alignment technology firm, has selected Rowboat Advisors’ tax-efficient and direct indexing technology to support the rollout of Riskalyze’s “Intelligent Tax Optimization” capability in its award-winning Autopilot Trading platform. Rowboat Advisors is an innovative technology development company specializing in investing software.
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U.S. fintech Galileo announced it is powering RoarMoney, a new demand deposit account offered by consumer digital finance platform MoneyLion. According to Galileo, RoarMoney is designed to meet consumers’ financial needs now and as they evolve – from faster access to their funds to safe and secure contactless payment options.
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Addepar, a technology platform for wealth management, announced it was named a leader in the 2020 Aite Matrix for RIA Portfolio Management and Reporting Systems. The report evaluated eight vendors and assessed the overall competitive position of each vendor, focusing on vendor stability, client strength, product features and client services. Addepar was selected as the Leading Multi-Segment Provider based on product performance and vendor strength, as well as its unique ability to serve a broad range of firms.
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Pathstone, a private equity-backed family office in Englewood, N.J., announced its acquisition of Cornerstone Advisors, a registered investment advisor headquartered in Bellevue, Wash. The transaction would create an RIA with $20 billion in assets under advisement.
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TruChoice Financial Group, LLC, one of the largest distributors of financial services products in the insurance industry, announced the launch of a new relationship with Snappy Kraken, an award-winning provider of marketing automation, online advertising, and bold, unique marketing for financial professionals, as a strategic addition to its Marketing That Matters financial professional initiative.
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LPL Financial LLC, a leading retail investment advisory firm, independent broker-dealer and RIA custodian, introduced a new employee advisor affiliation model unlike anything currently available in the marketplace. LPL’s new affiliation model offers advisors the benefits of being independent-including ownership of their book of business and the autonomy to run their business as they see fit. And as employees, advisors benefit from the security and stability of working with the market leader of the independent channel.
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Oranj, a single platform for financial advisors to streamline portfolio management and client service, announced that ROBO Global has joined the growing list of best-in-class asset managers to make their technology investment services and ETFs available on the free to low-cost Oranj platform.
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Intuit Inc. has agreed to acquire TradeGecko, a Singapore-based inventory and order management software platform for small retailers and wholesalers in more than 100 countries. Intuit will pay more than $80 million for TradeGecko, according to people familiar with the matter, marking one of the biggest exits in Singapore since the Covid-19 pandemic.
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