Folio Financial Presents On Digital Wealth And Direct Indexing Capabilities
Folio Financial gave a presentation entitled “Personalization Matters: Digital Wealth Technology to Reshape the Client Experience,” covering clients’ increasing expectation for customized wealth management, and how fintech can help.
ETFLogic Announces Model Marketplace And Portfolio Building Tools
ETFLogic’s tools allow the advisor to explore hundreds of asset allocation ideas and iterate over them to achieve various objectives such as reducing overall portfolio risk, tilting towards factors and themes and enhancing potential returns. These new tools allow advisors to load in a portfolio of ETFs and individual stocks. Based on a combination of Modern Portfolio Theory and ETFLogic’s workflow technology, the tool provides options to reduce overall risk in portfolios and explore alternative outcomes using a simple sliding scale.
LPL Financial Enhances Clientworks, Adds New Account Opening Tools
LPL Financial announced that it has integrated its account opening tool and the AdvisoryWorld proposal generation tool, making it even easier for advisors to move through the process of turning prospects into clients.
Advice Systems Unveils AI-Driven Automated Personal Financial Advice Software
Advice Systems unveiled its flagship product, Intelligent Decision Tools (IDT). According to Ronald E. Newton, Advice Systems founder and CEO, the software will automate much of advisors’ information gathering from their clients.
E*TRADE Acquired By Morgan Stanley
Morgan Stanley and E*TRADE Financial Corporation have entered into a definitive agreement under which Morgan Stanley will acquire E*TRADE, a leading financial services company and pioneer in the online brokerage industry, in an all-stock transaction valued at approximately $13 billion. Under the terms of the agreement, E*TRADE stockholders will receive 1.0432 Morgan Stanley shares for each E*TRADE share, which represents per share consideration of $58.74 based on the closing price of Morgan Stanley common stock on February 19, 2020.
Fidelity Parent Spins Off Personal Financial Data API