- Rowboat Advisors’ tax-efficient and direct indexing technology will support the rollout of Riskalyze’s “Intelligent Tax Optimization” capability.
- Galileo is powering RoarMoney, a new demand deposit account offered by consumer digital finance platform MoneyLion.
- Addepar was named a leader in the 2020 Aite Matrix for RIA Portfolio Management and Reporting Systems.
- Pathstone announced its acquisition of Cornerstone Advisors.
- TruChoice Financial Group announced the launch of a new relationship with Snappy Kraken.
- LPL Financial introduced a new employee advisor affiliation model.
- ROBO Global joins the growing list of asset managers on the Oranj custodian-agnostic platform.
- Intuit has agreed to acquire TradeGecko for more than $80 million.
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.