DPL Financial Partners agrees to give advisors at FormulaFolios, WealthSource Partners and Mutual Advisors access to its network. AssetMark has bought OBS Financial from Canandaigua National Corp. Broadridge Financial Solutions, Inc. has completed its previously announced acquisition of FundsLibrary. Mariner Wealth Advisors will acquire the assets of Wealth Health, LLC. RIAs that use BNY Mellon’s Pershing will now pay for the custodial services via subscriptions and zero-transaction-fee pricing. Wealthify’s Money Dashboard now allows users to view the details of their investment accounts. InvestCloud launches an InvestCloud White platform for wealth management and TAMPs.
BNY Mellon’s Pershing says it will now give RIAs two more ways to pay for its custodial services: subscriptions and zero-transaction-fee pricing. Its subscription model starts at $25 a month per investor client, with fees tiered to the client’s asset level, while the zero-commission model is tied to a low-yield cash sweep program and is aimed at investors with portfolio concentrated in stocks and ETFs.
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Money Dashboard, the free personal finance app has released an integration with robo-investor Wealthify, enabling users to view the details of their investment accounts alongside the other current, credit and savings accounts they hold.
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Fee-only advisors at FormulaFolios, WealthSource Partners and Mutual Advisors will now have access to the DPL Financial Partners network, a result of agreements formed by DPL with the three enterprises. More than 800 advisors are now on the DPL network, according to the firm, and represent more than $160 billion in assets.
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AssetMark has bought OBS Financial, another turnkey platform, from Canandaigua National Corp. OBS has more than $2 billion in assets on its platform and supports more than 300 financial advisors and 21 banks that together serve 6,500 investors, the AssetMark announcement says.
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InvestCloud announced the launch of InvestCloud White, a digital platform for wealth management and turnkey asset management programs (TAMPs).
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Broadridge Financial Solutions, Inc., a global Fintech leader and part of the S&P 500® Index, has completed its previously announced acquisition of FundsLibrary, a leader in fund document and data dissemination in the European market. The acquisition accelerates Broadridge’s pan-European regulatory communications and digital data platform, supporting the lifecycle of fund data, documents, and regulatory reporting for the investment industry.
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Mariner Wealth Advisors, the wealth advisory firm nationally ranked by Barron’s as a top four RIA firm the last four years1, announced it has entered into a binding agreement to acquire the assets of Wealth Health, LLC. This marks Mariner Wealth Advisors’ 11th acquisition in the past 14 months and reinforces Mariner’s momentum in acquiring talent nationwide to better serve clients from coast-to-coast.
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