What You Need to Know
- STP Investment Services launched the BluePrint platform for wealth managers.
- Broadridge Financial Solutions acquired Alpha Omega, a post-trade solutions provider for the investment management industry.
- Envestnet MoneyGuide added My Plan Builder, a new category of six blocks, to its MyBlocks digital client engagement tool series.
Onramp Invest raised $6 million in seed fundraising, with major contributions from Ritholtz Wealth Management, WisdomTree, Coinbase Ventures, Eterna Capital, Fox Ventures, Galaxy Digital, Galaxy Fund Management and Gemini Frontier Fund.
Onramp plans to use the funds to expand its service offering to RIAs, explore broker-dealer registration and increase the size of its engineering team, the crypto-asset integration platform for financial advisors said.
Since the platform’s official launch in late May, it started providing direct access to cryptoassets for RIAs last month, easy advisor client onboarding via Gemini and Prime Trust, a simple advisor enrollment that allows users to quickly start buying bitcoin and ETH for their clients, links to 10 different sources so advisors can see held-away assets, and educational materials for all cryptoassets comfort levels through the Onramp Academy.
Onramp also appointed Akin Sawyerr its chief innovation officer, promoted Justin Castelli to chief of staff, promoted Torie Happe to head of business development, and promoted Caitlin Cook to vice president of operations at Onramp Academy.
Envestnet MoneyGuide Launches My Plan Builder
Envestnet MoneyGuide launched My Plan Builder, a new category of six blocks, to its MyBlocks digital client engagement tool series that can serve as an on-ramp to planning for advisors and their clients.
The new blocks within the category are Your Goals, Investment Assets, Loss Tolerance, Retirement Income, Other Assets and Play Zone.
Advisors who subscribe to MyBlocks can share the new offering with clients. Advisors can also use the data collected within these blocks to update existing financial plans in MoneyGuide for those clients who already have one.
Although there are six My Plan Builder blocks, clients only need to fill out the first three: Your Goals, Investment Assets and Loss Tolerance. Clients view their financial plan results in the Play Zone Block that focuses on the planning factors they can control to help ensure their financial future.
FMG Suite Introduces Mobile App
FMG Suite, a Software-as-a-Service (SaaS) company specializing in marketing software and services for financial advisors, launched an FMG Suite mobile app for Apple iOS and Google Android devices.
The app allows financial professionals to easily discover and share timely, relevant content from the FMG Suite Content Library with their prospects and clients from anywhere via their mobile phones, the company said.
With the new app, FMG Suite subscribers will receive timely mobile notifications about new content addressing current events, breaking news and holidays, choose their audience, schedule and review email sends, and select social media profiles to share to, it said.
The app comes at no additional cost for those who select the FMG Suite Connect, Attract or Elevate marketing packages.
Broadridge Acquires Alpha Omega
Broadridge Financial Solutions acquired Alpha Omega, a post-trade solutions provider for the investment management industry.