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Salt Lake City-based Jump, a provider of artificial intelligence solutions for financial advisors, has acquired Wisconsin-based Mobile Assistant, a leading transcription service for advisor meetings. WealthTech Strategy Partners served as the advisor on the transaction.  The acquisition combines Jump’s full-cycle AI automation, covering meeting preparation, CRM updates, and client follow-ups, with Mobile Assistant’s expertise in secure, high-accuracy dictation and transcripti

Feathery, a startup focused on automating data exchange in insurance underwriting, has secured a venture investment from Erie Insurance’s Strategic Ventures fund. The company aims to become the standard platform for how data flows between clients, brokers, and carriers, reducing inefficiencies from manual processes that often delay coverage decisions. Erie joins Feathery’s roster of backers including Index Ventures, Bain Capital Ventures, Broker Tech Ventures, and SV Angel. F

Aboon, an artificial intelligence-powered third-party administrator built for financial advisors, has raised $17.5 million in seed funding led by Bain Capital Ventures, with participation from Altai Ventures, Runyon, Edward Jones Ventures, Outpost Ventures, and EJF Ventures.  Founded in 2023 by CEO Nick Gavronsky and COO Amy Ouellette, Aboon’s platform streamlines how advisors help business-owner clients design, launch, and manage 401(k) plans. By automating plan setup, prici

Clove has emerged from stealth with $14 million (£10 million) in pre-seed funding led by Accel, joined by Kindred Capital, Air Street Capital, and a group of prominent angel investors. Founded by Paddle’s Christian Owens and former Trouva CEO Alex Loizou, the UK fintech is developing an advice platform that combines human expertise with AI technology. The company plans to use the funding to expand its team and continue building toward a full UK launch in 2026, pending regulat

SS&C Technologies has completed its acquisition of Calastone, the London-based global funds network that automates fund trading, settlement, and data exchange for asset managers and distributors. The deal brings together Calastone’s transaction infrastructure, connecting over 4,000 organizations across 55 markets, with SS&C’s extensive software and data services footprint in fund administration, portfolio accounting, and investment operations. Calastone will continue operatin

Goldman Sachs has agreed to acquire Industry Ventures, a venture capital platform that invests across the full lifecycle of private equity, including secondary investments, early-stage co-investments, seeding emerging funds, and hybrid structures.  Industry Ventures currently oversees about $7 billion in client assets and has made over a thousand investments since its founding in 2000. Under the deal, Industry Ventures will become part of Goldman’s External Investing Group (X

Simplicity Group has acquired RetireOne, a leading independent platform for fee-based insurance and annuity solutions, in a move designed to strengthen its position in the growing market for retirement income planning. The deal adds RetireOne’s advisory-focused capabilities to Simplicity’s existing distribution network and product suite, while bringing on industry veterans David Stone, Jeff Cusack, and Ed Mercier as new partners. The acquisition reflects Simplicity’s continui

Dezerv, a Mumbai-based digital wealth management platform, has raised ₹350 crore ($40mm) in a Series C funding round co-led by Premji Invest and Accel’s Global Growth Fund, with continued participation from Elevation Capital and Z47. The capital will be used to expand Dezerv’s investment offerings, deepen its technology platform, and onboard more relationship managers. Founded in 2021 by Sahil Contractor, Sandeep Jethwani, and Vaibhav Porwal, Dezerv provides curated investmen

Groww, a Bengaluru-based personal trading and investment platform (similar to Robinhood), has announced that it is moving forward with its IPO at the top end of its range of $700 million to $1 billion, targeting a valuation of up to $8 billion. The offering, field in May, is scheduled for next month. Regulatory approval from SEBI is pending. Founded in 2016 by former Flipkart employees Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal, Groww provides retail investors i

Earlier this week, New York-based fintech Increase Alpha announced it has raised USD 3.5 million in seed financing to support the launch...

Focal, an AI platform for financial advisors, raised $5 million in seed funding led by Distributed Ventures and Wischoff Ventures. The...

SEI Investments (Europe) Limited (SIEL) has entered a strategic partnership with Graphene, a U.K. Infrastructure‑as‑a‑Service provider, and SEI’s venture capital arm has made a concurrent investment in Graphene. Under the alliance, Graphene will adopt the SEI Wealth Platform to power its wealth management infrastructure for clients including independent financial advisers, wealth managers, and family offices. Graphene’s business model enables firms to own and manage their pla

First Rate Ventures, the corporate venture arm of First Rate, Inc., has announced an investment and strategic partnership with...

Raise Financial, the parent company behind Indian trading app Dhan, has secured $120 million in a funding round led by Hornbill Capital,...

Carta has acquired Accelex, an AI-enabled data automation platform for institutional limited partners, in a move to bolster its...

Wealthfront, a Palo Alto–based fintech, has filed with the Securities and Exchange Commission to go public. The 17-year-old firm manages...

Broadridge Financial Solutions has struck a strategic partnership and made a minority investment in WealthFeed, a cloud-based platform...

Morningstar has announced its agreement to acquire the Center for Research in Security Prices (CRSP) from the University of Chicago for...

ZILO, a London-based provider of asset and wealth management software, has raised $27 million in a Series A2 funding round led by...

Finary, a Paris-based Personal Financial Management platform founded in 2021 by Mounir Laggoune and Julien Blancher, has raised €25...