Big moves
Agreement Express’s digital onboarding technology, along with several other wealth management assets, will now belong to Massachusetts-based Advisor360°. In addition to technology, the transfer will cover intellectual property, employees, and clients.
The deal has become the first acquisition for Advisor360°, following a year of strong client growth. As the firm is one of the largest providers of integrated wealth management solutions, this acquisition conveys its strong position in competing with other industry heavyweights.
Read more here.
This week has been rich in acquisitions: UK-based Twenty7tec announced its purchase of Meet Parker, an AI-powered digital engagement tool. After some integration, a leader in British mortgage Fintech will provide advisors across wealth and mortgage with unparalleled lead generation and retention tools based on Meet Parker’s technology.
Read more here.
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MoneyGuide founder Tony Leal is poised to leave his top executive role at Envestnet. The move comes after his more than three years with this Fintech corporation and only seven months into the Head of Wealthtech position. However, Leal is not leaving Envestnet.
Read more here.
Docupace, a leader in wealth management Wealthtech operations, united its employees to serve some other community than wealth professionals. The team’s "Give Thanks By Giving Back" campaign provided 130,000 Meals to local communities across the U.S.
With the harsh economic conditions increasing food insecurity, the need for socially responsible businesses to respond is growing, and Docupace’s initiative is just one example of how Wealthtech can react.
Read more here.
Bird’s eye survey
With the wealth industry spinning into digital transformation, the need to protect information as a valuable asset is strong as never before, says Michael Bradley, co-founder and vice chair of FutureVault. See what other challenges are pressing for Wealthtech at this point.
Read more here.
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The demand for Wealthtech is growing. So should your business.
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