Riskalyze
Riskalyze selected Rowboat Advisors’ tax-efficiency and direct indexing technology to support the rollout of Riskalyze’s “Intelligent Tax Optimization” capability in its Autopilot Trading platform. Rowboat Advisors is a technology development company specializing in investing software.

Galileo
U.S. fintech Galileo announced it is powering RoarMoney, a new demand deposit account offered by consumer digital finance platform MoneyLion. According to Galileo, RoarMoney is designed to meet consumers’ financial needs as they evolve – from faster access to their funds to safe and secure contactless payment options.

Addepar
Addepar, a technology platform for wealth management, announced it was named a leader in the 2020 Aite Matrix for RIA Portfolio Management and Reporting Systems. The report evaluated eight vendors and assessed the overall competitive position of each vendor, focusing on vendor stability, client strength, product features and client services. Addepar was selected as the Leading Multi-Segment Provider based on product performance and vendor strength, as well as its ability to serve a broad range of firms.

Pathstone
Pathstone, a private equity-backed family office in Englewood, N.J., announced its acquisition of Cornerstone Advisors, a registered investment advisor headquartered in Bellevue, Wash. The transaction would create an RIA with $20 billion in assets under advisement.

 

Snappy Kraken
TruChoice Financial Group, LLC, one of the largest distributors of financial services products in the insurance industry, announced the launch of a new relationship with Snappy Kraken, a provider of marketing automation, online advertising, and marketing for financial professionals, as a strategic addition to its Marketing That Matters financial professional initiative.

LPL Financial
LPL Financial LLC, a retail investment advisory firm, independent broker-dealer and RIA custodian, introduced a new employee advisor affiliation model. The affiliation model offers advisors the benefits of being independent-including ownership of their book of business and the autonomy to run their business as they see fit. And as employees, advisors benefit from the security and stability of LPL.



Oranj
Oranj, a platform for financial advisors, announced that ROBO Global has joined the growing list of asset managers to make their technology investment services and ETFs available on the free to low-cost Oranj platform.

Intuit
Intuit Inc. has agreed to acquire TradeGecko, a Singapore-based inventory and order management software platform for small retailers and wholesalers in more than 100 countries. Intuit will pay more than $80 million for TradeGecko, according to people familiar with the matter, marking one of the biggest exits in Singapore since the Covid-19 pandemic.

Vasyl Soloshchuk is CEO and co-owner at INSART, a FinTech engineering company. Soloshchuck 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.