Investment Platforms
Get the latest news and insights on investment platforms (including digital, mobile and online platforms), and how these developments impact financial advisors, the wealth management industry and more.
State Street, UBS in Discussions About Merging Asset Management Units: Report
By Janet LevauxThe talks started this year, and the two parties were near an agreement this summer, sources told The Wall Street Journal.
December 03, 2020
The Rich Are Getting Richer, and That's Good for Advisors: CerulliThe number of high-net-worth households is increasing, and that group controls more than 43% of U.S. investable assets, Cerulli reports.
December 02, 2020
LPL Set to Buy Waddell & Reed's Wealth Unit for $300MThe deal should take place after Australia-based Macquarie Group acquires all of Waddell & Reed's operations for $1.7 billion.
December 01, 2020
Focus Financial Adds $682M Kansas RIAKavar Capital Partners is the seventh partner firm to join Focus year to date, says Rudy Adolf, head of the RIA aggregator.
November 30, 2020
Fidelity Plans to Merge 3 Funds, as Assets Hit $3.5TOne planned fund merger affects the flagship Magellan fund; meanwhile, the number of new RIA client accounts grew 164% from last year.
November 24, 2020
CI Financial Strikes 10th U.S. Wealth Deal of the YearThe Toronto-based firm is acquiring a majority stake in Dallas-based RGT Wealth Advisors.
November 18, 2020
Fintech Firm Oranj to Close by Year-EndOranj staff members are in touch with the firm's 500-plus advisor clients about transitioning to other fintech firms.
November 16, 2020
Kitces.com Partners With Wealth Network on Advisor Education ProjectDisruption tied to current pandemic "has led to a rapid increase in demand for [our] ... content," said blogger and planner Michael Kitces.