Advisor Group appointed Peter Clemson as Senior Vice President, Digital Solutions. DriveWealth acquired Cuttone & Company. Arete Wealth will acquire Center Street Securities. NFP acquired EdgeHill Insurance Brokers Ltd. ARCH Global Precision acquired LISI Medical Jeropa. Hub International Limited acquired the assets of Commercial Insurance Brokers. benjamin announced the results of its initial funding round. TaxAct® launches its 2020 digital and download tax preparation products. RetireOne launches Advisor Portal. Citigroup’s new CEO creates a new global wealth unit.
Advisor Group, the nation’s largest network of independent wealth management firms, announced the appointment of Peter Clemson, a 25-year veteran of the financial technology space, to the newly created position of Senior Vice President, Digital Solutions, effective immediately, reporting directly to Cindy Hamel, Chief Strategy & Corporate Development Officer.
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According to new data released by DriveWealth, retail investing finished strong in 2020 as a heavy news cycle comprised of the U.S. presidential election, COVID-19 vaccine rollouts, notable IPO happenings, and general market movement contributed to new highs for account openings (particularly from digital wallets), asset growth, number of trades, and volume traded in 4Q.
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DriveWealth, a leading global brokerage infrastructure platform, announced the acquisition of Cuttone & Company, a globally-respected New York-based institutional broker dealer, thus bringing its pioneering technology to the floor of the New York Stock Exchange (NYSE).
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benjamin, the only business support system driven by AI and specifically designed for the wealth management industry, announced the results of its initial funding round. Proceeds of this strategic investment will be allocated towards hiring additional development talent and expanding integrations with leading advisor technology partners. Participating in the raise was former Black Diamond executive, Bob Conchiglia, who will also join benjamin’s Executive Advisory Board.
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Arete Wealth, an independent Broker-Dealer (BD), Registered Investment Advisor (RIA), and Insurance firm headquartered in Chicago, will acquire Center Street Securities in Q1 2021.
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NFP, a leading insurance broker and consultant providing corporate employee benefits, property and casualty (P&C), retirement, and individual solutions, announced the acquisition of EdgeHill Insurance Brokers Ltd.
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TaxAct® announced the launch of its 2020 digital and download tax preparation products, giving filers the power to maximize their tax refunds for up to 30 percent less than the other providers in the DIY tax space. Designed to be a value-focused solution for Americans of all tax situations, TaxAct helps filers uncover unique tax advantages they may not have considered and discover the financial possibilities their tax returns create for them.
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Citigroup making major push into wealth management under new CEO Jane Fraser. The US bank has created a new global wealth unit, which will combine its private bank and its consumer wealth organisation, which manages money for less affluent customers.
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The newly-launched RetireOne® Advisor Portal provides RIAs direct access to client insurance policy and annuity data. Partner firms now have four options for accessing client insurance policy and annuity data for managing, reporting, and billing on those assets.
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ARCH Global Precision has acquired LISI Medical Jeropa, Inc. located in Escondido, California. A subsidiary of LISI Medical, the Jeropa plant is a leading contract manufacturer of high-precision medical implants, instruments, and other devices serving a variety of segments in the orthopaedic, dental, and cardiovascular markets.
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Hub International Limited, a leading full-service global insurance broker, announced that it has acquired the assets of Commercial Insurance Brokers, Inc. Terms of the transaction were not disclosed.
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