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.
The Rich Are Getting Richer, and That's Good for Advisors: Cerulli
By Bernice NapachThe number of high-net-worth households is increasing, and that group controls more than 43% of U.S. investable assets, Cerulli reports.
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.
November 11, 2020
Canadian Investment Firm Nabs $2.7B RIANew York-based Roosevelt Investment Group is CI Financial's 12th RIA transaction this year and the third in two weeks.
November 10, 2020
TD Ameritrade, Robinhood Trading Outages Continue Into Second DayThe brief Robinhood outage Tuesday morning was "completely resolved," the company says.
November 09, 2020
Trading Outages at Schwab, E-Trade, TD Ameritrade, Other Platforms Irk InvestorsSchwab reported an unspecified "technical issue," while Fidelity, Merrill, Robinhood and TD Ameritrade blamed high trading volumes.