- Creative Planning announced the acquisition of Coe Financial Services.
- Social Finance agreed to acquire Galileo Financial Technologies for $1.2 billion in cash and stock.
- BNY Mellon Investment Management announced the introduction of eight ETFs.
- Ameriprise recruits teams from Wells Fargo team UBS.
- Envestnet announced a free offer of its MyBlocks financial planning tool, by Envestnet | MoneyGuide, to give consumers access to planning solutions.
- Addepar announced an Addepar Assurance program for new clients.
- Docupace announced the launch of a Reg BI and Form CRS digital solution.
Creative Planning
Creative Planning Inc., one of the nation’s largest RIAs, announced the acquisition of Coe Financial Services, an RIA located in Wichita, Kansas. Coe Financial Services provides comprehensive financial planning and investment management for clients with approximately $126 million AUM.
SoFi
Online student lender Social Finance Inc has agreed to acquire payments and banking technology provider Galileo Financial Technologies for $1.2 billion in cash and stock, the companies said on Tuesday.
BNY Mellon
BNY Mellon Investment Management, with $1.9 trillion in assets under management, announced the expansion of its investment solutions line-up with the introduction of eight ETFs designed to cover the core exposures in a typical asset allocation strategy.
Ameriprise Financial
The recruiting wars continue, even in the midst of COVID-19. Ameriprise Financial added two teams to its employee channel, including father-son team Robert Arthur Bonwell, Sr. and Robert Arthur Bonwell, Jr., who join from Wells Fargo Advisors in Charleston, W.Va., and Jim Buzgo, a Boston-based advisor who left UBS.
Envestnet
Envestnet announced a special free offer of its MyBlocks financial planning tool, by Envestnet | MoneyGuide, to give consumers access to planning solutions that they can explore on their own through a financial advisor.
Addepar
Addepar, a technology platform for wealth management, announced Addepar Assurance, a program designed to make it easier for new clients to gain access to Addepar’s platform during challenging market conditions.
Docupace
Docupace announced the launch of its new Reg BI and Form CRS digital solution enabling broker-dealers and advisors to quickly adopt and implement Docupace into their practices for greater and more efficient service offerings.
Vasyl Soloshchuk is CEO and co-owner at INSART, a FinTech engineering company. Vasyl is also the author of WealthTech Club, which conducts research into fortune and startup roboadvisor and wealth management companies in terms of the technology ecosystem.