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SEI, the US WealthTech platform, announced that it was acquiring a majority stake in the wealth management firm Stratos Wealth. SEI will...

d1g1t, a Canadian WealthTech platform, announced a partnership and strategic investment from RBC. RBC will invest an undisclosed amount alongside JAM Fintop and d1g1t will integrate their robust risk and analytics solution into the RBC ecosystem. d1g1t will use the proceeds to accelerate their roadmap and further expand their North American client base, so it's a big huzzah for Canadian WealthTech and North American clients. This is essentially a textbook example of how stra

Retirable, a New York-based WealthTech firm working to fill the retirement advice gap for folks who don't have easy access to advice, announced that they have secured a $10mm Series A round from a near panoply of strategic investors. This brings the total raised by the firm to almost $26mm. We believe it is an excellent validation point for the Peak 65 thesis and the rising importance of the distribution side of advice. Peak 65 refers to the fact that more people in the US wi

Alpaca, a self-clearing API infrastructure for embedding stock, fixed income, and crypto trading, announced that they are acquiring...

iCapital announced that they have raised over $820mm in a funding round lead by T Rowe Price and SurgoCap Partners. Other noteable strategics participated including State Street, Temasek, UBS, and Bank of NY. The round was reportedly valued at $7.5 billion. We see this as yet another point of validation for the thesis of increased alternative use in wealth management. Blackrock estimates that over $20 trillion of wealth management assets will be invested in alternatives by 20

A large funding round from Savvy Wealth, the all-in-one RIA platform, was announced earlier this week. Savvy Wealth not only raised a whopping $72million Series B round, but they did so with new strategic and venture money. Existing investors appear to have all participated as well.    Savvy Wealth combines proprietary advisor technology with in-house investment management, compliance, and operational support. They recruit advisors onto their platform, enabling them to serve

Wealthfront, the pioneering robo‑advisor based in Palo Alto, has confidentially submitted a draft registration statement to the U.S. Securities and Exchange Commission, marking the first public indication of an initial public offering (IPO) in its more than decade-long journey.    Founded in 2008, Wealthfront has built a reputation for automated, low‑cost investing and wealth management. With approximately $85 billion in assets under administration, it serves over one million

On June 2, TP ICAP Acquired Neptune Networks to Build an Integrated Electronic Bond Trading and Data Business   TP ICAP, a major global...

The shift toward alternatives in wealth management is accelerating, and Fidelity’s latest move proves it’s not slowing down.    Last week, Fidelity Investments announced a strategic partnership with Envestnet to roll out alternative investment capabilities via custom model portfolios. The offering allows eligible RIAs to access private market strategies such as interval funds, tender offer funds, and alt ETFs via Fidelity’s open-architecture model platform. These models are n

Another big funding round from the East for a digital advice/self-directed trading platform. Syfe raised a $53million Series C round lead by two UK family offices who are apparently bashful and were not named. Existing investors Unbound and Valar (Peter Theil) also participated. Syfe is a direct-to-consumer digital advice and investing platform serving the mass affluent market, which they define as slightly lower than the way we think about mass affluent in the US. They opera

German digital advice and investing platform Scalable Capital announced that it raised $177 million (€155 million) in a funding round led by Sofina and Noteus Partners, both new investors. Existing investors that also participate included Blaterton Capital, Tencent, and long-term investor HV Capital. BlackRock, an existing investor, did not appear to participate. This brings the total capital raised so far to $535 million. Scalable Capital is a self-directed investing platfor

BetaNXT, the WealthTech who, among other things, is looking to streamline the middle and back office of wealth management, has acquired...

Bengaluru-based WealthTech Stable Money has raised $20 million in a Series B round led by The Fundamentum Partnership Fund, a first-time investor. They were joined by existing investors Matrix Partners, RTP Global. and Lightspeed India. Naman Finance was also a new investor. The round was valued at $130 million post-money, up from $55 million last summer and $16.5 million the summer before that. Not too shabby. Stable Money is a platform that allows individual investors to ch

eToro's French subsidiary, eToro Patrimoine, has teamed up with French insurance giant Generali to offer PERs (the French version of an IRA) and insurance directly to its users. We see this as yet another sign that day-traders are "growing-up" and saving for retirement. As Millennials and and even some Gen Z enter the accumulation phase of their lives, we expect to continue to see the self directed trading platforms offer more accommodations for long-term investors. This incl

Cairo-based investment platform Thndr has announced a $15.7 million funding round (USD) led by Prosus Ventures and joined by notable backers including Y Combinator, BECO Capital, JIMCO, Endeavor Catalyst, and Raba. This raise brings Thndr’s total funding to $37.76 million and signals a new phase of regional expansion across the Middle East.    Founded in 2020 by Ahmad Hammouda and Seif Amr, Thndr has emerged as a digital-first brokerage platform designed to democratize invest

etops, a Swiss-based WealthTech platform owned by Pollen Street Capital, has acquired German-based retirement planning software firm...

Groww, a personal trading and investing app in Bengaluru, India, is rumored to be acquiring Fisdom, another personal trading and...

Betterment has announced an acquisition that strengthens its offering to advisors. Known by the masses for automated investing...

In a significant move that underscores the continued evolution of the alternative investments landscape, iCapital has announced the...

Stash, a personal financial management and personal trading software app, recently raised $146M to ‘enhance AI capabilities’. The eighth round of funding, a series H, was led by Goodwater Capital, alongside Union Square Ventures, StepStone Group, Serengeti, the University of Illinois Foundation, and funds managed by T. Rowe Price Investment Management.   While not a direct one-to-one competitor, Stash sits alongside platforms like Robinhood in the race to capture mass-market