A new partnership between BlackRock and CleanCapital. Financial planning tech firm RightCapital partners with Commonwealth. Brinker Capital expands its partnership with AdvisoryWorld. SEI and Fusion Wealth have also extended their existing long-term relationship. Addepar was honored for making a significant impact on Morgan Stanley’s mission of continuous innovation. Evestor is to separate its financial advice service from its non-advised service with the launch of a new brand ‘OpenMoney’. Betterment redesigns Advisor Dashboard with more tools, analytics.
BlackRock Inc. and CleanCapital LLC bought a 46.9-megawatt portfolio of U.S. solar power from ATN International Inc. subsidiary, Ahana Renewables. The portfolio consists of 60 operating solar projects located in California, Massachusetts and New Jersey. The acquisition is part of a new partnership between BlackRock and CleanCapital, and is CleanCapital’s largest to date.
For details, read here.
Financial planning tech firm RightCapital partners with Commonwealth. Commonwealth Financial Network’s choice to partner with the startup demonstrates there is still room to innovate in financial planning software.
The announcement makes RightCapital the sixth financial planning program available to Commonwealth’s 1,800 advisors, alongside popular options like MoneyGuidePro and eMoney.
For details, read here.
Addepar has been honored with Morgan Stanley’s FinTech award at the financial service firm’s third annual Fintech Summit in New York. The award recognizes a fintech company that has had a significant impact on Morgan Stanley’s mission to continuously innovate for its clients and business. Addepar’s CEO, Eric Poirier accepted the award from Rob Rooney, Head of Morgan Stanley Technology and Sal Cucchiara, Head of Wealth Management Technology, during the Summit’s evening reception.
For details, read here.
Evestor launches OpenMoney to help further plug advice gap.
“For our customers who are comfortable with investment and don’t want to take advice, the evestor non-advised proposition will continue to provide a low-cost investment management solution for their money.”
For details, read here.
Brinker Capital, a leading investment management company focused on multi-asset class investing, announced the expansion of its partnership with AdvisoryWorld, a leading software provider for financial advisors. Brinker Capital utilizes AdvisoryWorld as its technology partner for two comprehensive digital reporting applications, namely the Portfolio Observations and its Wealth Advisory proposal.
For details, read here.
SEI, a publicly owned asset management holding company, and Fusion Wealth, the bespoke platform solutions provider for wealth managers and large-scale financial planners, have extended their existing long-term relationship through a new deal that will see the pair work together until at least 2025.
Fusion Wealth first appointed the SEI Wealth PlatformSM in 2011 to provide an integrated wealth-management infrastructure for its growing client base. Since then, the business has expanded considerably and now provides a core solution for some of the leading Wealth Management and Financial Planning firms in the UK.
For details, read here.
Betterment redesigns Advisor Dashboard with more tools, analytics.
Betterment, the automated advice platform that manages more than $13.5 billion, has redesigned the dashboard that financial advisors use to manage investors’ money with the company. The changes are rolling out to users of Betterment for Advisors today.
For details, read here.
