Market intelligence platform Atom Finance is betting on Brazil

Market intelligence platform Atom Finance is betting on Brazil

As Robinhood and GameStop debacles this year put a spotlight on the growing number of retail investors, New York-based Atom Finance aims to offer a suite of research tools comparable to a Bloomberg terminal at a more affordable price point.

Read More

Acorns is going public through $2B SPAC deal

Acorns is going public through $2B SPAC deal

Acorns, the California-based personal finance app that launched in 2014, is going public through a merger with Pioneer Merger Corp., a special-purpose acquisition company (SPAC) affiliated with hedge funds Falcon Edge Capital and Patriot Global Management.

Read More

Merrill Lynch Wealth Management nixes cold calls from adviser training

Merrill Lynch Wealth Management nixes cold calls from adviser training

In an apparent nod to digital-centric customer behaviors, Merrill Lynch Wealth Management is no longer making cold calls a part of its training program for incoming brokers.

Read More

Fidelity launches no-fee teen brokerage accounts

Fidelity launches no-fee teen brokerage accounts

In an effort to lock in teen business before they seek out competitors when they turn 18 (aka Robinhood and apps like it), Fidelity is offering teens aged 13 to 17 debit cards, and investment and savings accounts.

Read More

Fidelity launches digital assets analytics solution for institutional investors

Fidelity launches digital assets analytics solution for institutional investors

Fidelity is delving deeper into digital assets, and to do that, it’s rolling out an analytics offering called Sherlock to help its institutional investor clients monitor the performance of their digital assets.

Read More

Wealthfront warms to crypto alongside a move to let users customize portfolios

Wealthfront warms to crypto alongside a move to let users customize portfolios

Wealthfront, one of the largest independent robo-advisers, announced that it’s going to let its users invest in cryptocurrencies, alongside a broader move to allow customers to further customize their portfolios.

Read More

Black Wall Street app to offer investors wealth management, crypto offerings

Black Wall Street app to offer investors wealth management, crypto offerings

Hill Harper, an actor who plays Dr. Marcus Andrews on the ABC medical show The Good Doctor, is launching an investing and payments app geared toward minority communities, particularly Black and Latinx consumers.

Read More

Envestnet acquires Harvest Savings as it aims for financial wellness roadmap

Envestnet acquires Harvest Savings as it aims for financial wellness roadmap

Wealth management tech giant Envestnet has acquired Harvest Savings & Wealth Technologies, a 7-year-old Bay Area-based fintech that offers savings and wealth solutions for banks and wealth management firms. Terms of the deal were not disclosed.

Read More

401(k) startup Guideline doubles AUM to $4B during pandemic

401(k) startup Guideline doubles AUM to $4B during pandemic

While free lunches and ping pong tables may have been popular office perks prior to the pandemic, one 401(k) startup discovered that many remote businesses decided to invest in 401(k)s as workplace benefits instead.

Read More

Goldman Sachs and Fidelity apply for bitcoin-related investment products

Goldman Sachs and Fidelity apply for bitcoin-related investment products

Fidelity and Goldman Sachs are seeking approval from the Securities and Exchange Commission (SEC) for bitcoin-related investment products, demonstrating how quickly the cryptocurrency is moving into traditional banking and wealth management realms.

Read More

eMoney Advisor integrates with Akoya network to stamp out ‘screen scraping’

eMoney Advisor integrates with Akoya network to stamp out ‘screen scraping’

eMoney Advisor, the Fidelity-owned financial software planning platform used by more than 70,000 financial professionals across firms of all sizes, announced that it’s joining the Akoya data access network.

Read More

BlackRock launches internal review of discrimination and sexual harassment allegations

BlackRock launches internal review of discrimination and sexual harassment allegations

BlackRock, the world’s largest asset manager, has hired law firm Paul, Weiss, Rifkind, Wharton & Garrison as part of an internal review of harassment and discrimination claims that came to light this week in an investigative report from Institutional Investor.

Read More

Morgan Stanley gives wealthy clients access to bitcoin funds

Morgan Stanley gives wealthy clients access to bitcoin funds

In the latest move by a traditional finance player recognizing bitcoin as an asset class, banking and investing giant Morgan Stanley this week said it’s going to offer wealthy clients access to three funds that will enable exposure to bitcoin.

Read More

CI Galaxy Bitcoin ETF to launch on Toronto Stock Exchange this week

CI Galaxy Bitcoin ETF to launch on Toronto Stock Exchange this week

In a move reaffirming their openness to bitcoin in traditional markets, Canadian securities regulators approved a third bitcoin exchange-traded fund – the CI Galaxy Bitcoin ETF – that will launch Tuesday on the Toronto Stock Exchange.

Read More

MoneyLion acquires wealthtech firm to boost robo-adviser capabilities

MoneyLion acquires wealthtech firm to boost robo-adviser capabilities

MoneyLion, a New York-based banking, investing, and lending platform, has acquired Wealth Technologies in an effort to bolster its in-house tech capabilities that help users plan their financial lives.

Read More