Last week was full of announcements about joint work. RetireUp integrates with Wealthbox, New Wealth Experience collaborates with Morningstar Research, TradingScreen partners with Imagine Software, and Orion partners with Schwab.
Personal Capital, Thomson Reuters, and Robinhood announced new services. Apex Clearing plans to launch Crypto Investment Subsidiary.
There was a new appointment at Vestmark.
RetireUp, a provider of innovative retirement income planning software for advisors, today announced an integration with Wealthbox, a web-and-mobile customer relationship management (CRM) application for financial advisors.
The Wealthbox integration will span the full RetireUp suite, including its newest product, RetireUp Pro, an end-to-end retirement planning tool that features real-time annuity, portfolio and insurance product modeling that enables advisors to build customized retirement income plans for clients in minutes.
You can read more here.
Personal Capital announced a new feature called Retirement Paycheck that helps clients with a personalized, tax-efficient withdrawal strategy for retirement. Retirement Paycheck provides clients with guidance on how to withdraw money in retirement in a simple, clear, year-by-year, interactive way so they can plan for tax implications and avoid penalties by withdrawing funds from the right mix of accounts.
Clients can access the feature now within Personal Capital’s Retirement Planner, the company’s Monte Carlo forecasting tool, which shows a retirement savings projection that incorporates portfolio return and volatility, annual savings, income and spending goals.
You can read more here.
New Wealth Experience and Morningstar Research to collaborate on providing unit trust and mutual fund information to Asian Financial Institutions.
Headquartered in Singapore, New Wealth has developed clear-cut and easy to use sales and advisory tools and applications for both relationship managers and self-directed investors, supporting the effective transformation of local financial institutions across emerging markets.
Morningstar Research, a subsidiary of Morningstar, Inc. a leading provider of independent investment research, will provide New Wealth with unit trust and mutual funds information to power its modern solutions for retail banks, asset managers and life insurers.
You can read more here.
Thomson Reuters launches SI reporting service.
Thomson Reuters is launching a reporting solution for financial institutions deemed systematic internalisers under the second Markets in Financial Instruments Directive (Mifid II).
The solution, RTS 27 Now, is designed to help market participants fulfil the reporting requirements outlined in the European Securities and Markets Authority’s 27th regulatory technical standards, often referred to under the moniker RTS 27.
You can read more here.
Vestmark appoints Mark Donohue as Chief Financial Officer.
Vestmark, the leading provider of portfolio management and trading solutions for financial advisors and institutions, today announced Mark Donohue as the firm’s new Chief Financial Officer.
Donohue joins Vestmark at a time of rapid growth. Most recently, the firm announced it surpassed $1 trillion in assets under management and over 3.4 million accounts managed on its SaaS offering, VestmarkONE®. He brings over 22 years of corporate finance and capital markets experience as well as an extensive background in strategy, planning, and operations. His career spans the technology, media, and telecommunications industries at five public companies, an investment bank, and market research firm.
Donohue has an accomplished track record of building high performing teams, scaling business operations, and leading organizations through periods of high growth. As CFO, Donohue is responsible for overseeing Financial Planning, Corporate Development, Accounting, and Investor Relations, reporting to Vestmark’s CEO, John Lunny.
You can read more here.
Digital Wealth Management firm Apex Clearing to launch Crypto Investment Subsidiary.
Financial clearing and execution company Apex Clearing confirmed it planned to open a dedicated cryptocurrency entity in a press release Wednesday, September 5.
Apex, which has operated since 2012, will create Apex Crypto to give existing clients access to various cryptocurrencies, initially including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC) among others.l
Investing platforms such as broker-dealers using Apex will thus be able to provide cryptocurrency investment opportunities to their own users, the press release notes.
You can read more here.
Robinhood releases a new tool to help investors better understand price movements.
The well-known commission free trading app Robinhood has updated platform’s customer service with a number of analyst tools for better research and trading experience.
You can read more here.
TradingScreen Enhances Offerings Through Strategic Partnership With Imagine Software.
TradingScreen Inc. (TS), the all-asset class order and execution management system (OEMS), announced upgrades to its partnership with Imagine Software, which offers real-time portfolio, risk, and compliance management solutions.
You can read more here.
Orion and Schwab build API-level Account-Opening Tool.
Schwab and Orion have partnered to provide advisors with a fully digital client account-opening process—no PDFs required.
Opening a new account—a process that can still take some advisors days to complete—is seen by some as a stubborn hold-out on the move toward an end-to-end digital solution for clients.
You can read more here.
ScratchWorks launches “Season 2”; adds Shannon Eusey, CEO of Beacon Pointe Advisors as Investor.
Innovative FinTech accelerator opens submissions for FinTech companies to compete for seed funding and garner industry exposure, culminating at the 2019 Barron’s Top Independent Advisor Summit
ScratchWorks, a leading FinTech accelerator, announced today the launch of “Season 2” of its annual program to connect innovative tech companies with investment and wealth management luminaries to advance the digital transformation of the financial services industry.
You can read more here.
