Aegon Growth Capital Fund has purchased 25 percent of the shares in InsurTech service provider RISK Verzekeringen. Social Finance (SoFi) is in the final stages of securing $500 million from the Qatar Investment Authorit. Morningstar has entered into a definitive agreement to acquire DBRS.
Questrade announced an exclusive partnership with Passiv. FinFolio integrated with Riskalyze to enable advisors to show the Risk Number on almost any FinFolio screen. HiddenLevers deepens its partnership with Orion Advisor Services LLC to deliver business intelligence insights for Orion customers. Allianz Global Investors has added the PFaroe risk and analytics technology offering in the U.S. market.
Aegon Growth Capital Fund has purchased 25 percent of the shares in InsurTech service provider RISK Verzekeringen, both parties have announced.
Founded in the Netherlands in 2000, RISK is a service provider and proxy company for financial advisors, online labels and insurers. The company’s philosophy is that financial advisors who use RISK can fully focus on their core task of providing direct advice to their clients. In the background, RISK takes care of mid- and back-office tasks such as the administrative processing of policies and claims.
The partnership fits neatly with Aegon’s strategy of providing customers with both choice and best-in-class digital solutions, according to Maarten Edixhoven, CEO of Aegon The Nederlands.
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Questrade is announcing an exclusive partnership with Passiv, an innovative portfolio management software company that has a tool designed to make it easy for self-directed investors to rebalance their portfolios, thereby saving time and money for retirement. Passiv is a web app that helps implement a passive investing strategy for long term savings goals such as retirement, buying a home or saving for a child’s education. Passiv works by automatically calculating trades needed based on the investor’s target portfolio and available cash, so the investor can rebalance their portfolio with one click.
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FinFolio announced they have added an integration with Riskalyze, allowing advisors the ability to track a client’s Risk Number as it pertains to the client, their portfolio and strategy. The integration gives advisors and their clients the ability to show the Risk Number on almost any FinFolio screen including firm-wide dashboards, reports and client portals.
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HiddenLevers, a risk tech provider serving the wealth management space, announced its plans to deepen its partnership with Orion Advisor Services LLC (“Orion”), a portfolio accounting service provider for financial advisors, to deliver business intelligence insights for Orion customers.
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US-based online personal money management startup Social Finance (SoFi) is in the final stages of securing $500 million from the Qatar Investment Authority, according to Bloomberg citing four people familiar with the matter.
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Morningstar, a leading provider of independent investment research, announced on Wednesday it has entered into a definitive agreement to acquire DBRS, the world’s fourth-largest credit ratings agency.
A news release indicated the transaction has a purchase price of $669 million.
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Active asset manager Allianz Global Investors has added the PFaroe risk and analytics technology offering from the U.K.-based financial technology company RiskFirst for use with its defined benefit pension plans in the U.S. market.
Find details here.
