DriveWealth announced a $56.7 million Series C round. BNY Mellon announces pricing of public offering of $582.5 million of depositary shares representing interests in preferred stock. Park Avenue Securities selected AdvicePay to help financial professionals transition to a fee-for-service, financial planning model. Wealthcare announced a new integration with SS&C’s Black Diamond® Wealth Platform. NFP announced the acquisition of Insurance Specialty Group. Advisors using LifeYield’s Social Security Advantage® tool in Q3 have added an average of $130,000 per client household in potential lifetime Social Security benefits. SoFi launched its first-ever credit card. Fidelity will roll out a new program designed for women.
DriveWealth, LLC, a U.S.-based leader in global digital trading technology, announced a $56.7 million Series C round to strengthen its current technology stack, make strategic acquisitions, and grow the organization to scale its business.
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AdvicePay, the leading fee-payment-processing platform designed exclusively for financial advisors, announced that Park Avenue Securities, a wholly-owned subsidiary of The Guardian Life Company, has selected AdvicePay to help financial professionals who are transitioning their advice strategy to a fee-for-service, financial planning model.
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BNY Mellon announced that it priced an underwritten public offering of 582,500 depositary shares, each representing a 1/100th interest in a share of its Series H Noncumulative Perpetual Preferred Stock, with a liquidation preference of $100,000 per share (equivalent to $1,000 per depositary share), at a public offering price of $1,000 per depositary share ($582.5 million aggregate public offering price).
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LifeYield LLC, the market leader in cloud-based solutions helping advisors maximize retirement income for their clients, reports that advisors using LifeYield’s Social Security Advantage® tool between July 1, 2020, and Sept. 30, 2020, have added an average of $130,000 per client household in potential lifetime Social Security benefits.
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SoFi, the digital personal finance company, announced that it has launched its first-ever credit card, which incentivizes healthy financial habits and delivers on its mission to help people get their money right.
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Wealthcare, an innovator in wealth management, tech-enabled advisor solutions, and a business unit of Financeware, a NewSpring Holdings platform company, announced a new integration with SS&C’s Black Diamond® Wealth Platform. Through this integration, Black Diamond clients will have access to Wealthcare’s groundbreaking GDX360® goals-driven planning and investment management platform.
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Fidelity Investments is teaming up with employers across the country to roll out a new program designed to help more women get financially engaged and connect with the guidance they need to address personal finance decisions.
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NFP, a leading insurance broker and consultant providing employee benefits, property and casualty, retirement, and individual solutions, announced the acquisition of Insurance Specialty Group, LLC (ISG).
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