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.
Fintech Firm Oranj to Close by Year-End
By Melanie WaddellOranj staff members are in touch with the firm's 500-plus advisor clients about transitioning to other fintech firms.
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.
November 06, 2020
UBS Slashes Asset Minimum for Robo-Advice ProgramThe wirehouse cuts the minimum for its hybrid Advice Advantage Program by 50%.
November 03, 2020
Eaton Vance Wealth Unit Wraps Up Purchase of $2.3B RIAThe news comes about one month after Morgan Stanley said it was buying asset manager Eaton Vance for $7 billion.
October 29, 2020
$475M UBS Team Jumps to RBC WealthThe Michigan-based group spent the past nine years at UBS and earlier was part of Merrill Lynch.
October 28, 2020
Raymond James Adds Advisors, but Private Client Profits FalterThe firm's latest earnings news comes about six weeks after it let go some 500 employees or roughly 4% of its workforce.
October 23, 2020
Wells Fargo Weighs Sale of Asset Management Arm; Restructures Wealth UnitThe news comes shortly after the bank announced it had cut hundreds of jobs, including advisors.