Chalice Financial Network announced new strategic alliances with the industry-leading platforms Riskalyze, NRS and WeWork. BlackRock acquired eFront to expand alternative capabilities of Aladdin. Wealthbox integrates its CRM with the Black Diamond Wealth Platform. Nest Wealth acquires Alberta-based Razor Logic Systems. North Capital builds free direct-to-consumer financial planning platform. Ladenburg Thalmann successfully concludes its second annual Innovation Symposium, an invitation-only event. Atria Wealth Solutions launches a new client portal, called Clear 1. Zoe Financial won Morningstar’s annual Fintech competition.
Chalice Financial Network™ (“Chalice,” “CFN” or “the firm”), a first of its kind Software-as-a-Service (SaaS)-based member-benefit organization for independent financial advisors, announced new strategic alliances with the industry-leading platforms Riskalyze, NRS and WeWork, which greatly enhance CFN’s ability to connect wealth management practices with the best portfolio analysis, compliance support and office space providers on the market.
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BlackRock has completed the acquisition of eFront, an end-to-end alternative investment management software, and solutions provider. The combination of eFront with Aladdin will set a new standard in investment and risk management technology.
Additionally, it will expand Aladdin’s alternative capabilities and providing a whole-portfolio technology solution to clients.
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Wealthbox announced an integration between Wealthbox CRM and the Black Diamond Wealth Platform.
Advisors using Wealthbox are now able to receive client information and view account summaries, holdings, and transactions from Black Diamond reconciled accounts which will help streamline an advisor’s daily operations.
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Nest Wealth, a B2B digital wealth management platform, announced on May 15 the acquisition of Alberta-based Razor Logic Systems.
Founded in 2011, Razor Logic Systems is the developer of RazorPlan, a financial planning software that enables financial advisors to quickly analyze a client’s needs and generate full financial plans. Clients of RazorPlan include banks, independent financial dealers and investment firms.
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North Capital builds free direct-to-consumer financial planning platform.
North Capital Inc. decided the financial planning tools available to investors weren’t enough, so it built evisor and made it available for free.
Just two years after automated investing platform Wealthfront introduced its algorithmic financial planning experience, Path, a team of advisors in Midvale, Utah, is introducing its own direct-to-consumer financial planning experience, called evisor. The platform, which provides no-frills financial planning designed for retirement, is available for free.
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Ladenburg Thalmann Financial Services Inc. announced the successful conclusion of its second annual Innovation Symposium, an invitation-only event that brought together fintech firms, startups and forward-thinking financial advisors to exchange ideas, network and provide feedback on new solutions that have the potential to transform the financial advice space. Held May 14-15 in San Francisco, the symposium drew more than 75 advisors from Ladenburg’s five subsidiary independent advisory and brokerage (IAB) firms: Securities America, Triad Advisors, KMS Financial Services, Investacorp and Securities Service Network.
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Private equity-backed Atria Wealth Solutions is officially launching a new client portal, called Clear 1, according to an announcement made by the company. The new portal is part of a movement by the company to bring a more goals-based focus to the 300,000 end-clients who will be on the platform, said Eugene Elias, chief operating officer and founding partner of the firm. Atria launched in 2017 and recently acquired NEXT Financial Group.
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Lead generation service Zoe Financial won fund research firm Morningstar’s annual fintech competition last week, beating out a field of 21 wealthtech firms in a sign that the startup is set to gain more traction with investors and financial advisors. The head of the digital lead generation site says it has already connected $100 million in new client money with advisors.
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