CI Financial announced that it had extended its ownership of WealthBar to 100 percent of the company, with plans to rebrand and integrate WealthBar into a new online investment platform. WealthBar was first acquired by CI Financial in January 2019. At the time, WealthBar executives maintained a 25 percent minority stake, which CI Financial has now bought out.

Practice management and back-office support platform GoalPath Solutions has integrated its defined outcome investment solution with financial wellness fintech firm Questis to provide financial planning, wellness, coaching, and investing tools to employers.

DriveWealth, a U.S. global digital trading technology firm, announced it has forged an agreement with online and mobile banking software provider Access Softek. Through the partnership, DriveWealth will integrate with Access Softek’s new investing app, EasyVest, which will be distributed via banks and credit unions, and DriveWealth will provide trade execution, clearing, settlement and custody services for the transactions.

LPL Financial
LPL Financial said Wednesday it has agreed to purchase the assets of E.K. Riley, an independent broker/dealer and registered investment advisor in Seattle. The acquisition would add about 35 advisors and $2 billion in client assets to LPL’s platform.

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.

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