- NFP Ventures invests in Wealth Technologies Inc. and will deploy its suite of financial planning tools across NFP’s distribution network.
- Charles Schwab purchases Wasmer Schroeder, a fixed-income management firm with $10.5 billion in AUM.
- Morgan Stanley acquires E*Trade to bring together wealthy Wall Street clients with a digital Main Street brand that resonates with younger people.
- Two new partners joined GCW Global Customised Wealth, Adam Domat as an investment professional and Mark Evans as COO and CFO.
- RBC Wealth Management acquires $1.8 Billion Visionary Wealth Management.
- National Advisors Trust partnered with Dynasty Financial Partners to enable financial advisors to expand and unify their services to clients.
- Key Private Bank selected the Charles River Wealth Management Solution to expand its investment product offering.
NFP
NFP Ventures, the early-stage investment arm of NFP, announced a strategic investment in Wealth Technologies Inc. (WealthTech), the creator of a financial planning strategies platform. The investment includes plans to deploy WealthTech’s suite of financial planning tools across NFP’s distribution network.
Charles Schwab
Charles Schwab is continuing its buying spree, agreeing to purchase Wasmer Schroeder, a Naples, Fla.-based fixed-income management firm with $10.5 billion in assets under management. The Wasmer Schroeder purchase will increase the approximately $90 billion in Schwab’s separately managed accounts.
