Wealthfront is reportedly for sale, but is a $1.5B price tag too high a hill to climb?

Wealthfront is reportedly for sale, but is a $1.5B price tag too high a hill to climb?

This week, news outlets reported that digital financial planning platform Wealthfront – one of the early so-called robo-advisers – is exploring a sale.

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VanEck to launch bitcoin future ETF this week after SEC approval in late October

VanEck to launch bitcoin future ETF this week after SEC approval in late October

Investment firm VanEck is launching a bitcoin futures exchange-traded fund (ETF) this week, following in the footsteps of ProShares, which rolled out a similar product in October.

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Vanguard’s new app flops with investors complaining of user-experience glitches

Vanguard’s new app flops with investors complaining of user-experience glitches

Earlier this year, Vanguard – the largest issuer of mutual funds in the world and the second-largest issuer of exchange-traded funds – claimed it would roll out a new app designed with clients’ needs in mind.

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Robinhood faces fallout from data breach that affected millions

Robinhood faces fallout from data breach that affected millions

Trading app Robinhood – which earlier this year faced scrutiny over its GameStop trading halt – is now reeling from the consequences of a data breach that exposed the names or email addresses of more than seven million people.

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Greenlight, a financial platform for families, launches investing tools for parents

Greenlight, a financial platform for families, launches investing tools for parents

Greenlight, a fintech firm that offers a debit card and personal finance tools for kids, is launching a new offering to help parents learn how to invest and set up portfolios.

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TD Bank launches US robo-adviser

TD Bank launches US robo-adviser

TD Bank this week launched robo-adviser and hybrid wealth adviser offerings, joining a crowded market of banks and fintechs vying for market share among mass-market retail investors.

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SEC approves bitcoin futures ETF

SEC approves bitcoin futures ETF

The Securities and Exchange Commission (SEC) approved a bitcoin futures exchange-traded fund (ETFs) from ProShares that’s launching this week.

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Bank of America’s Life Plan feature gains more than five million users

Bank of America’s Life Plan feature gains more than five million users

Bank of America announced that Life Plan – a digital financial planning tool it launched a year ago – has crossed five million users, calling it the company’s “most rapidly adopted digital feature of all time.”

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Robinhood popularity takes a hit after meme stock fad fades

Robinhood popularity takes a hit after meme stock fad fades

Activity on stock trading app Robinhood plunged during the third quarter of this year, a development that may be connected to the end of the meme stock fad.

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Revolut to roll out stock trading for US customers

Revolut to roll out stock trading for US customers

Revolut, the U.K.-based challenger bank with a global footprint, will roll out commission-free stock trading capabilities for U.S. customers in an effort to compete with the likes of Robinhood, Public, and SoFi.

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AI-supported asset manager Pagaya to go public via merger with SPAC

AI-supported asset manager Pagaya to go public via merger with SPAC

Pagaya, an American and Israeli fintech firm that uses artificial intelligence (AI) to manage institutional money, is going public through a merger with special purpose acquisition company EJF Acquisition Corp.

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Money transfer firm Wise launches index investing feature in beta

Money transfer firm Wise launches index investing feature in beta

Money transfer giant Wise (formerly TransferWise) – which went public in July and boasts a market capitalization of more than $14B – is expanding its wings beyond payments and testing investing products for its U.K. customers.

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Acorns reaches out to veterans to kick off underserved customer strategy

Acorns reaches out to veterans to kick off underserved customer strategy

Banking and investing app Acorns is waiving subscription fees for veterans in an effort to reach more underserved customers.

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Human Interest rides a pandemic wave of interest in small-business 401(k)s

Human Interest rides a pandemic wave of interest in small-business 401(k)s

Human Interest, a San Francisco-based startup 401(k) provider, claims to “launch a retirement plan in minutes and put it on autopilot.”

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Robinhood shares surge as investors give it ‘meme stock’ status

Robinhood shares surge as investors give it ‘meme stock’ status

Shares of trading app Robinhood, which gained notoriety earlier this year by enabling retail investors to pump up so-called meme stocks including Gamestop and AMC Entertainment, are surging a few days into its launch on the Nasdaq.

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