Envestnet and Dynasty Financial Partners are partnering. Orion partners with State Street Global Advisors. Smartleaf adds EAM Portfolios of Melius Investments to its model hub. Cary Street Partners acquired Waypoint Advisors. Advisor Group rolls out its new eQuipt Dashboard for financial professionals. Ellevest is expanding into banking. Sezzle is to become a Public Benefit Corporation. Snappy Kraken was selected as finalists for the WealthManagement.com 2020 Industry Awards, in three Technology Provider categories.
Envestnet and Dynasty Financial Partners are partnering to offer “equity-like” and debt financing to RIAs outside of the Dynasty Network, in a first for the industry. As part of the rollout of Envestnet’s Advisor Services Exchange (ASx), Dynasty is opening its financing options to RIAs outside of its network for the first time.
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Advisor Group, the network of independent wealth management firms, announced the rollout of its new eQuipt Dashboard for financial professionals to facilitate compliance with the SEC’s new RegBI by incorporating streamlined options for managing electronic delivery of required disclosures, key account documents, etc.
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Orion Advisor Solutions, the premier provider of financial advisor technology and investment solutions, announces a new offering with State Street Global Advisors (State Street), and the availability of a suite of low-cost model portfolios.
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Orion Advisor Solutions, the premier provider of financial advisor technology and enhanced investment solutions, announces the creation of two market-relevant, thematic stock and direct indexing strategies, U.S. Biotechnology and U.S. Metals and Mining, designed and managed through Orion’s SMA portfolio optimization tool, ASTRO.
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Snappy Kraken, a MarTech company focused on helping financial professionals automate their marketing and business growth, announced they have been selected as finalists for the WealthManagement.com 2020 Industry Awards, in three Technology Provider categories. This is the only awards program of its kind to honor outstanding achievements by companies and organizations that support financial advisor success.
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Smartleaf, one of the industry’s leading Overlay Management platforms, and MIGMIR LLC, dba Melius Investments, an RIA built upon the power and promise of Ensemble Active Management, are pleased to announce that Melius’s EAM Portfolios are being added to Smartleaf’s model hub.
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Minneapolis-based financial-technology startup Sezzle announced that it had changed its company charter to become a Public Benefit Corporation. PBC is a legal designation that requires businesses to do right by all stakeholders. This means that a company’s managers and board must lead the business in a way that contributes to a general public benefit, in addition to seeking a financial return for investors.
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Cary Street Partners, the wealth management arm of Cary Street Partners Financial based in Richmond, Va., has acquired Waypoint Advisors, a Virginia Beach, Va.-based registered investment advisor with about $215 million in client assets. The transaction, expected to close at the end of this month, will create a combined firm with $4 billion in client assets.
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Ellevest, a company whose focus has been on closing the gender investing gap by way of a financial planning service aimed at women, is expanding into banking. The company announced a new membership plan which encompasses one-on-one financial and career coaching, member-only workshops and guides, personalized investing plans, plus a no-fee debit card and banking service.
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