- EP Wealth Advisors acquired International Research & Asset Management.
- Grab Financial Group acquired Bento to offer retail wealth management solutions to users.
- WisdomTree Investments plans to offload its stake in AdvisorEngine.
- Marie Chandoha, former CEO of Charles Schwab Investment Management, joined Zoe Financial’s Advisory Committee.
- Charles Schwab catches up to Wealthfront and Personal Capital.
- OneDigital acquires Resources Investment Advisors.
- Riskalyze is rolling out its risk metrics to professionals at Farm Bureau Financial Services.
EP Wealth Advisors
EP Wealth Advisors, an independent registered investment adviser that specializes in client-centric financial planning and investment management services, has acquired International Research & Asset Management. The acquisition establishes EP Wealth’s presence in Texas and enhances its investment management and strategic wealth planning expertise.
Grab
Grab has announced that is has acquired Bento, a Singapore-based robo-advisory start-up, that will allow Grab to offer retail wealth management solutions to users, driver-partners and merchant-partners, via the Grab app. Grab Financial Group currently offers financial services across Southeast Asia in payments (GrabPay), rewards (GrabRewards), lending (GrabFinance), and insurance (GrabInsure) to micro-entrepreneurs, small business owners, driver-partners and users across Southeast Asia.
With the acquisition, Bento will be rebranded as GrabInvest with products launched on the Grab app in the first half of the year in Singapore. GrabInvest will be a new core business vertical under Grab’s financial services arm, Grab Financial Group, led by Chandrima Das, Founder and CEO, Bento.
