JPMorgan buys digital wealth app Nutmeg as it preps UK launch
/JPMorgan Chase has acquired U.K. robo-adviser Nutmeg as it prepares to launch a digital banking offering in Britain later this year.
Read MoreJPMorgan Chase has acquired U.K. robo-adviser Nutmeg as it prepares to launch a digital banking offering in Britain later this year.
Read MoreAs 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 MoreIn 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 MoreIn 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 MoreFidelity 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 MoreWealthfront, 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 MoreHill 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 MoreWealth 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 MoreWhile 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 MoreFidelity 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 MoreeMoney 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 MoreIn 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 MoreIn 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.
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