- Orion Advisor Services launched an automated marketing service for advisors called Market*r.
- Robinhood is in the process of raising more than $200 million of new capital at an $8 billion valuation.
- Creative Planning Inc. acquired Coe Financial Services.
- Envestnet|Yodlee has come to terms with Charles Schwab on a financial data access agreement.
- BNY Mellon reports first quarter 2020 earnings of $944 million.
- FIDx announced a strategic partnership with Financial Independence Group.
Orion
Following last summer’s tech buying spree, Orion Advisor Services has used its acquired Advizr financial planning tool to build and launch an automated marketing service for advisors called Market*r. It was unveiled last week.
Robinhood
Despite its recent outages, Robinhood’s investors are re-upping investments in the trading start-up. Robinhood is in the process of raising more than $200 million of new capital at an $8 billion valuation, according to two people familiar with the deal, who asked not to be named because the details were not final.
Creative Planning
Creative Planning Inc. announced that it has acquired Coe Financial Services, an RIA firm located in Wichita, Kan., with about $126 million in assets under management. Creative Planning manages approximately $45 billion in assets across all 50 states.
Envestnet | Yodlee
Envestnet | Yodlee, a data aggregation and analytics platform powering cloud-based technology for digital financial services, announced that it has come to terms with Charles Schwab on a financial data access agreement.