Schwab expands client options for charitable giving

Schwab expands client options for charitable giving

Schwab Charitable, the wealth management firm’s provider of donor-advised funds, launched new features to enhance client access to charitable giving, including a socially responsible fixed income pool, and the elimination of minimums on initial and subsequent contributions to donor-advised fund accounts.

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Micro-investing app Acorns partners with ZipRecruiter to help customers find jobs

Micro-investing app Acorns partners with ZipRecruiter to help customers find jobs

Micro-investing app Acorns, which also offers personal finance and banking capabilities, is teaming up with ZipRecruiter in an effort to expand its footprint and deliver more value to its client base.

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UBS Workplace Wealth Solutions taps fintech FutureFuel.io for student loan repayment

UBS Workplace Wealth Solutions taps fintech FutureFuel.io for student loan repayment

UBS Workplace Wealth Solutions, a unit within the financial firm that offers wealth and retirement solutions for workplace clients, is partnering with New York-based fintech FutureFuel.io to offer users a range of student loan repayment options, including reassessments, refinancing, roundups, “Give Back” (repayment through cash-back rewards), and other solutions.

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Fidelity’s eMoney Advisor launches financial planning app

Fidelity’s eMoney Advisor launches financial planning app

Fidelity-owned financial planning tech firm eMoney Advisor has rolled out a new financial planning and wellness app called Incentive. The platform is made for financial advisers who will use the tool to help their clients.

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T. Rowe Price names global head of diversity and inclusion

T. Rowe Price names global head of diversity and inclusion

Global investment management company T. Rowe Price has appointed Raymone Jackson as head of diversity and inclusion.

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Chinese digital wealth manager Lufax plans U.S. IPO

Chinese digital wealth manager Lufax plans U.S. IPO

Lufax, one of China’s largest digital investment management platforms, filed paperwork for a U.S. IPO this week. It joins Chinese financial services firms Ant Group and JD Digits, the fintech arm of digital retail marketplace JD.com, both of which went public earlier this summer.

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Bank of America connects banking and wealth management through Life Plan

Bank of America connects banking and wealth management through Life Plan

Bank of America launched Life Plan, an end-to-end digital personal finance and financial wellness platform.

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JPMorgan and BlackRock partner with Saphyre to automate account opening

JPMorgan and BlackRock partner with Saphyre to automate account opening

JPMorgan and BlackRock are tapping startup Saphyre’s AI tools to automate the opening of custody accounts. The new solution allows for the digitization of account information entries, the pre-population of redundant data, and the elimination of manual processes and wet signatures.

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Wealthsimple gets regulator’s nod to test crypto platform

Wealthsimple gets regulator’s nod to test crypto platform

Wealthsimple, a Canadian robo-adviser that also operates in the U.S. and the U.K., received conditional approval from Canadian Securities Administrators to test a cryptocurrency platform over a two-year period.

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Empower to acquire robo-adviser Personal Capital for nearly $1B

Empower to acquire robo-adviser Personal Capital for nearly $1B

Empower Retirement, a subsidiary of Canada-based financial company Great-West Lifeco, will acquire robo-adviser Personal Capital for $825M on closing and up to $175 million for planned growth.

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Envestnent-owned Yodlee rolls out ‘hyper-personalization’ feature

Envestnent-owned Yodlee rolls out ‘hyper-personalization’ feature

Data aggregator Yodlee, owned by Envestnet, launched a new offering called Insights Solutions, which allows companies to gain personalized views of clients’ finances.

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Ride-hailing company Grab adds direct-to-consumer financial products

Ride-hailing company Grab adds direct-to-consumer financial products

Grab, a Singapore-based ride-hailing company that operates in several markets across southeastern Asia, began offering financial products for retail consumers through its financial unit. The new products include a micro-investment service, loans, and “buy now, pay later” capabilities.

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True Link, fintech for older adults, scores $35M Series B for expansion

True Link, fintech for older adults, scores $35M Series B for expansion

True Link, a financial platform for older adults, confirmed a $35 million Series B fund raise, resources the company says will help it move into new product categories.

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Small business 401(k) provider Guideline raises $80M

Small business 401(k) provider Guideline raises $80M

Low-cost 401(k)s for small businesses continue to be in demand despite tough economic circumstances. This week, Guideline, a San Mateo, Calif.-based 401(k) provider for small businesses, raised $80 million in funding at a valuation of $500M.

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Fintechs bank on consumer belt tightening during the pandemic

Fintechs bank on consumer belt tightening during the pandemic

Fintechs that specialize in rounding up customers’ spare change and investing those funds are getting a boost. Plum, a U.K.-based savings and investment app picked up $10 million in new funding as it plans European expansion.

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