Docupace secured a significant growth equity investment from FTV Capital. LPL Financial plans to acquire Lucia Securities. eMoney is forming a strategic partnership with Allianz Life. LendingTree announced a strategic investment in Stash. InvestorCOM organizes a webinar to discuss good faith compliance with Tito Pombra from Adviser Compliance Consulting. BlackRock launched its Global Impact Fund with USD 20 million in assets. SoFi helped funnel over $75 million in loan applications to lenders for the Paycheck Protection Program established by the CARES Act. Twenty Over Ten was named to the WealthTech 100 list.
Tito Pombra from Adviser Compliance Consulting Inc. will join InvestorCOM’ s David Reeve and Parham Nasseri in discussing what “Good Faith” actually means with the Reg BI compliance deadline looming. Webinar dates are May 5 at 11 am ET and May 7 at 1 pm ET.
Find details here.
Docupace, the leader in cloud-based digital operations software for wealth management firms, announced it has secured a significant growth equity investment from FTV Capital, a sector-focused growth equity investment firm.
Find details here.
LPL Financial announced plans to acquire Lucia Securities, a small San Diego-based broker/dealer and registered investment advisory firm founded by CEO Raymond Lucia Jr. The deal, expected to close in the second half of this year, adds about 20 advisors and $1.5 billion in client assets to the independent b/d’s platform.
Find details here.
eMoney teams up with Allianz Life. The financial planning software developer is forming a strategic partnership with the annuities and life insurance firm.
Find details here.
BlackRock, an investment management firm based in the US city of New York, recently launched its Global Impact Fund with USD 20 million in assets. The goal of the fund is to generate returns through long-term capital growth as well as income.
Find details here.
LendingTree, Inc., operator of LendingTree.com, the nation’s leading online financial services marketplace, has announced a strategic investment in Stash, one of the fastest-growing banking and investing services in the U.S.
Find details here.
SoFi announced it has helped funnel over $75 million in loan applications to lenders for the Paycheck Protection Program (PPP) established by the CARES Act, through its extensive network of lenders, through Lantern, the product comparison site operated by SoFi. Launched just 4 days after the CARES Act was passed, Lantern’s PPP offering has seen 42% of applicants match with its network of lenders, of which 24% got approved by the SBA for PPP loans.
Find details here.
Twenty Over Ten was named to the WealthTech 100 list, an annual list of 100 of the world’s most innovative WealthTech companies. Finalists were recognized for their innovative use of technology to solve a significant industry problem, generate cost savings, or improve efficiency across the investment value chain.
Find details here.
