AlphaTrAI announced the launch of its first external fund. SoFi announced the launch of its social trading and investing features within SoFi Invest. Envestnet’s Quantitative Research Group team has launched a new Quantitative Portfolio, the Impact Global Climate Solutions QP. Dave Hoekstra resigned as the Chief Credit Officer of BNC National Bank (Bank) and President of the Bank’s North Dakota market area. DriveWealth is adding its first dedicated chief technology officer, Minerva Tantoco. Asset-Map announced a new software integration with Wealthbox. M1 Finance has scored $45 million in funding. YCharts completed a growth recapitalization.
AlphaTrAI, a venture-backed, technology driven asset management firm, announced the launch of its first external fund. Designed for high net worth investors and family offices, this systematic fund uses a proprietary suite of machine-learning models that dynamically adjust their market exposure based on their forecasts of risk and return. These models built by a multidisciplinary team of applied mathematicians, physicists, and AI experts generalize and modernize classic approaches such as signal detection and incorporate dynamic risk mitigation strategies.
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BNCCORP, INC. announced that Dave Hoekstra has notified the Company of his decision to resign as the Chief Credit Officer of BNC National Bank (Bank) and President of the Bank’s North Dakota market area to pursue other opportunities in the banking industry.
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DriveWealth is adding its first dedicated chief technology officer, Minerva Tantoco, according to the firm. Tantoco co-founded digital commercial bank Grasshopper Bank and also worked at Merrill Lynch and UBS. She is also overseeing a development team that aims to bring on more than a dozen new engineers by the end of the year.
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Asset-Map, the premier visualized financial planning engagement experience for financial professionals, announced a new software integration with Wealthbox, one of the leading CRM solutions for financial advisors.
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In a round led by Left Lane Capital and featuring participation from Jump Capital and Clocktower Technology – as well as other investors – M1 Finance has scored $45 million in funding.
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SoFi, one of the most successful Fintechs in the U.S., announced on Wednesday the launch of its social trading and investing features within SoFi Invest. The new features include the ability to follow friends, family, and other SoFi members on their investing journeys, all within the full SoFi experience.
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YCharts, a Chicago, IL-based cloud-based investment analytics and communications platform for RIAs, broker-dealers and asset managers, completed a growth recapitalization. LLR Partners completed the deal in partnership with the management team.
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Envestnet, Inc. announces that its Quantitative Research Group team has launched a new Quantitative Portfolio (QP), the Impact Global Climate Solutions QP. This strategy offers a passively managed, global equity portfolio enabling investors to allocate assets toward companies developing solutions for mitigating pollution and climate change.
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