Regal Holdings of Kentwood, Michigan has selected InvestorCOM’s Reg BI compliance platform to meet the Firm’s compliance requirements for Reg BI. LPL Financial agreed to purchase the assets of E.K. Riley. Envestnet has partnered with AdvisorStream and Apprise Labs to build its AI-driven Envestnet Connect. Vestwell announced the launch of ETFVest, a new retirement plan solution. FinMason was selected by RiskPro to deliver fixed income risk calculations. The Charles Schwab Corporation completed its acquisition of the assets of USAA’s Investment Management Company. CI Financial had extended its ownership of WealthBar to 100 percent of the company. GoalPath Solutions integrated its defined outcome investment solution with Questis to provide financial planning, wellness, coaching, and investing tools to employers. DriveWealth forged an agreement with Access Softek to integrate with its new investing app.
InvestorCOM, the leading provider of regulatory compliance software and communications solutions for the financial services industry, announced Regal Holdings of Kentwood, Michigan has selected InvestorCOM’s Reg BI compliance platform to meet the Firm’s compliance requirements for Regulation Best Interest (Reg BI).
Find details here.
LPL Financial said Wednesday it has agreed to purchase the assets of E.K. Riley, an independent broker/dealer and registered investment advisor in Seattle. The acquisition would add about 35 advisors and $2 billion in client assets to LPL’s platform.
Find details here.
Envestnet, Inc. (NYSE: ENV) unveils Envestnet Connect, an artificial intelligence (AI)-driven application that integrates the client’s household financial data with relevant and personalized news content aligned with their values and financial journey progress. Envestnet has partnered with AdvisorStream and Apprise Labs to build Envestnet Connect, creating a centralized personal application designed to help clients achieve financial wellness through deeper connections with their advisors.
Find details here.
Vestwell, a digital recordkeeper, announced the launch of ETFVest, a new retirement plan solution that combines 3(38) investment management fiduciary line-up services from LeafHouse Financial with an all-ETF target date portfolio model from Stadion. ETFVest leverages Vestwell’s API-driven tech-forward solution to offer advisors a scalable, cost-effective, managed account solution in the small plan market.
Find details here.
FinMason, a FinTech firm and investment analytics provider that enables WealthTech platforms to accelerate development and time-to-market, announced that it has been selected by RiskPro, a revolutionary risk profiling and portfolio construction system that helps Financial Advisors improve the investor experience, to deliver fixed income risk calculations.
Find details here.
The Charles Schwab Corporation announced that it has completed its acquisition of the assets of USAA’s Investment Management Company and has transitioned the underlying brokerage and managed portfolio accounts to Schwab. As announced in July 2019, the companies have also entered into a long-term referral agreement that makes Schwab the exclusive provider of wealth management and investment brokerage services for USAA members.
Find details here.
CI Financial announced that it had extended its ownership of WealthBar to 100 percent of the company, with plans to rebrand and integrate WealthBar into a new online investment platform. WealthBar was first acquired by CI Financial in January 2019. At the time, WealthBar executives maintained a 25 percent minority stake, which CI Financial has now bought out.
Find details here.
Practice management and back-office support platform GoalPath Solutions has integrated its defined outcome investment solution with financial wellness fintech firm Questis to provide financial planning, wellness, coaching, and investing tools to employers.
Find details here.
DriveWealth, LLC, a U.S. based leader in global digital trading technology, announced it has forged an agreement with online and mobile banking software provider Access Softek, Inc. Through the partnership, DriveWealth will integrate with Access Softek’s new investing app, EasyVest, which will be distributed via banks and credit unions, and DriveWealth will provide trade execution, clearing, settlement and custody services for the transactions.
Find details here.
