AdvisorBid launches public profiles for all registered investment advisors. Envestnet Insurance Exchange is entering its pilot phase with financial advisors. AssetMark integrates Redtail data with its platform to simplify the client onboarding process. SoFi partners with Coinbase to launch cryptocurrency trading. Wealthfront offers a new high-yield savings account.
AdvisorBid, an online recruitment tool and a marketplace for buyers and sellers of wealth management firms, launched public profiles for all registered investment advisors last week. Regardless of whether an advisor has signed up for AdvisorBid, they now have a profile on the platform.
Find details here.
An Envestnet feature that’s been teased since at least May 2018 now has an official launch window. Insurance Exchange, a portal integrating wealth management, insurance and financial advice, is entering its pilot phase with financial advisors, the company announced Wednesday. There will be six carriers—Allianz Life, Brighthouse Financial, Global Atlantic Financial Group, Jackson National Life Insurance Company, Nationwide and Prudential Financial—included in the pilot program and there are plans for a broad-market release this June.
Find details here.
AssetMark, Inc., a leading provider of innovative investment and consulting solutions, announced the integration of Redtail data with its platform to simplify the client onboarding process. By allowing advisors to pull in client data directly from their Redtail accounts, the new feature will expedite the account setup process and provide a centralized hub for advisors to more easily manage existing clients.
Find details here.
Online lending start-up SoFi is planning to launch cryptocurrency trading in a partnership with major cryto exchange Coinbase, CNBC reported. The San Francisco-based company said its users can buy digital currencies in the second quarter of this year.
Find details here.
Robo-advisor Wealthfront now offers a new high-yield savings account with a minimum deposit of $1. That means you can transfer money in and out of the account for free whenever you want, and you’ll get some of the highest rates available on savings accounts, which can really make a difference when you’re trying to build up your savings.
Find details here.
