Portfolio Pathway partners with Shareholders Service Group to offer its tools to RIAs that work with SSG. Vestwell partnered with OnPay to offer seamless data flow between their payroll and retirement plan providers. United Capital’s FinLife Partners has now 85 firms nationwide.
Aspiration launched Spend & Save Account that puts money into people’s pockets. Wealthsimple provides a lost pension finder to help people locate lost or misplaced pension pots. eMoney launched its Foundational Planning solution for institutions. SoFi offers no-fee brokerage for stock and ETF trades.
Broadridge Financial Solutions released a study revealing that personalization in communications is significantly impacting customer loyalty.
Shareholders Service Group (SSG) and Portfolio Pathway announce a new partnership that will provide advisors that use the brokerage and custodial services of SSG access to a robust wealth management technology platform and support. As part of this agreement, Portfolio Pathway will offer its cloud-based portfolio management, billing and client-based management tools to the 1,600+ independent RIAs that work with SSG.
Find details here.
Broadridge Financial Solutions, Inc. (NYSE: BR), a global Fintech and customer communications leader, released a study revealing that personalization in communications is significantly impacting customer loyalty. Over one-third (35 percent) of 3,004 consumers surveyed in the U.S. and Canada say that the companies they patron need to improve communication experiences. Moreover, one in four (25 percent) have stopped doing business with a company specifically due to poorly personalized communications. This grows to one in three (35 percent) among Millennials.
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Aspiration, the financial firm with a conscience, launched a first of its kind new account that puts more money into people’s pockets and an unparalleled power to do good into their hands. Available to everyone within the U.S., the new Aspiration Spend & Save Account would put an extra $545 into the pocket of the average American every year based on Aspiration calculations, and ensures customer deposits are 100% fossil fuel-free.
Find details here.
Wealthsimple, a global digital investment manager, is introducing a lost pension finder to help people build a strong financial future by locating lost or misplaced pension pots. The lost pension finder makes it incredibly easy and simple for people to locate previous pension pots and combine them into a Wealthsimple Pension. The new feature is being introduced with pension search and transfer service MyFutureNow and is available to Wealthsimple clients through the company’s award-winning website.
Find details here.
United Capital’s white-label technology platform, FinLife Partners, now has 38 firms with $22.5 billion in assets, up from just $8 billion on the platform in June 2018. The firm’s registered investment advisory has about $22 billion in assets across 85 firms nationwide, and CEO Joe Duran said he expects the white-label business to be twice the size of the RIA by year-end.
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eMoney launched its Foundational Planning solution, a simple, scaled-down financial planning tool built on the same engine that powers the firm’s Advanced Planning tools. Targeting institutions looking for a spectrum of planning tools and advisors seeking scale, eMoney’s new tool tightens workflow to simplify planning. Instead of capturing every nuance of a client’s financial picture, advisors using the tool will be able to focus on a handful of key inputs to provide immediate feedback on the feasibility of a proposed financial plan.
Find details here.
SoFi, short for Social Finance, is now offering stock and ETF trading with no fees. Investors can currently trade only individual stocks and ETFs on the platform; individual bonds and mutual funds are expected to be added in the future. David Goldstone, analyst at Backend Benchmarking, which publishes The Robo Report, says SoFi is trying to leverage its initial success in refinancing student loans to become the single platform where an individual interacts with their money.
Find details here.
Vestwell, a digital retirement platform, announced they have partnered with OnPay, the top-rated payroll software serving small and medium-sized businesses. The complete integration between the two modern-day technologies means that plan sponsors now have access to a turnkey retirement offering with seamless data flow between their payroll and retirement plan providers.
Find details here.
