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Addepar, the WealthTech powerhouse behind one of the most widely adopted investment data platforms, has announced a $230 million Series G funding round, propelling its valuation to $3.25 billion. Co-led by Vitruvian Partners and returning backer WestCap, with participation from 8VC, Valor Equity Partners, and new investor EDBI (via SG Growth Capital), this round signals more than just a capital injection, it marks a strategic turning point for Addepar and WealthTech at large.

In a move that underscores the continued strength of strategic M&A across WealthTech, Germany’s Fincite and France’s Harvest have...

Zoe Financial, originally a referral network connecting individuals to fiduciary RIAs, has evolved into a full-scale digital infrastructure platform that plays a dual role in the advisor ecosystem. In 2023, it launched the Zoe Wealth Platform, offering RIAs tools like digital account opening, fractional trading, automated rebalancing, performance tracking, billing, and more recently, tax loss harvesting and direct indexing. These tools reflect Zoe's broader strategy, not just

Last week, New Jersey became the 50th state to adopt a best-interest annuity sales standard. Like nearly all other states, the New Jersey statute is based on the National Association of Insurance Commissioners’ (NAIC) Suitability in Annuity Transactions Model Regulation  which is designed to align with the Securities and Exchange Commission’s (SEC) Regulation Best Interest  (Reg BI) requirements. While implementation varies slightly from state to state, with some like New Yor

Altruist, a modern custodian for RIAs, has  announced  $152 million in Series F funding at a $1.9 billion valuation. The funding round—led by global institutional investor GIC, and including partners such as Salesforce Ventures, Geodesic Capital, Baillie Gifford, Carson Family Office, and ICONIQ Growth—follows a landmark year of growth for the firm.  In 2024, the custodian launched a suite of new products, including a high-yield cash account, automated and scalable tax manage

Investment giants Wellington Management and Vanguard are partnering with alternatives asset manager Blackstone to develop “simplified multi-asset investment solutions that seamlessly integrate public and private markets as well as active and index strategies,” according to a joint press release . Through this collaboration, the firms seek to address what they characterize as “one of the most important long-term challenges facing investors and the asset and wealth management i

FNZ has announced that they have raised an additional $500 million from existing investors. The proceeds will be used to "support long-term sustainable growth," which sounds pretty snazzy even if a bit light on detail. As a reminder, the big investors are Motive Partners and CPP Partners, having lead their $1.4 billion round in 2022. Tamasek and Caisse de dépôt are also in there, but there were no details as to participation rates or which investors participated. There are q

smallcase, a direct-to-consumer WealthTech firm providing thematic pre-packaged portfolios to the retail investor in India, today announced a $50mm Series D funding round lead by elev8 Venture Partners, a new investor, with participation from State Street Global Advisors and Faering Capital. This is the latest in a series of fairly sizeable WealthTech funding rounds from India and shows the strength of WealthTech in that geography. The direct-to-consumer strength in the India

Robinhood continues its march upmarket with launch of robo advice and private banking(ish) services Robinhood continues to execute on its strategy to move upmarket, increase average balances, and service the growing complexity in their clients' financial lives. This is reflective of two strong themes we are seeing in the market: (1) Self-Directed Trading as Lead Gen and (2) Family Office as-a-Service. For more information on these and the other themes we are tracking, please

Expands their high net worth services down to accounts with just $10mm Edward Jones announced that they are launching Edward Jones Generations™, a High-Net-Worth platform bringing Family Office-like services to clients with a minimum account size of only $10mm. This is one of the latest, and perhaps most excellent, examples of the Family Office as-a-Service Theme (see WealthTech Strategy Themes for the Rest of the Decade ) . It is about using the power of technology to scale

Clearwater Analytics (NYSE: CWAN) has announced its acquisition of Enfusion (NYSE: ENFN), a move that will establish a comprehensive,...

OneVest, a comprehensive wealth management technology platform, announced this week the closure of a $20 million USD Series B equity funding round. The round was led by Salesforce Ventures, with participation from new investors, Allianz Life Ventures and TIAA Ventures. Returning investors include OMERS Ventures, Deloitte Ventures, Fin Capital, Luge Capital, and Pivot Investment Partners. “We are tackling massive challenges in an industry that’s been traditionally slow to adop

Orion, a universal tool for financial advisors and enterprise firms, has announced its acquisition of Summit Wealth Systems, a powerful...

The "UP-universe" is expanding : Uptiq.AI  has acquired UpSwot , a provider of financial data integration technology, to strengthen...

Fispoke, a WealthTech innovator, announced a capital raise exceeding $2 million, including a $1.5 million investment from The Founder's Chair, a collaborative platform connecting founders with strategic partners and investors. The funding will support Fispoke’s efforts to expand its banking and lending integration capabilities, develop strategic partnerships, and drive revenue growth. Its platform enables financial advisors to seamlessly integrate private banking and lending

With technology advancing at an unprecedented pace, firms are moving away from traditional research and development approaches, opting...

Robinhood has announced its $300 million acquisition of TradePMR, a custodial and portfolio management platform for Registered Investment...

Axyon AI, the Italian wealthtech specializing in AI-driven solutions for asset managers, has secured an additional €2.1 million, closing a total €6 million funding round initiated in December 2023. This round saw participation from Green Sands Equity, Investment Opportunity 1, and various angel investors, marking a key milestone in Axyon AI’s expansion. Known for delivering alpha opportunities through AI-based rankings and advanced predictive models, Axyon AI equips asset man

Diesta, a London-based B2B SaaS company transforming payment operations in the insurance industry, has closed a $3.8 million Seed funding round. The round was led by FinTech Collective, with participation from Commerce Ventures and existing investors Restive Ventures and SixThirty. This funding follows a $2 million pre-seed round last year, reflecting strong momentum as Diesta scales its platform across the UK, Europe, and the US. The insurance sector, processing over $1.75 t

Farther, a technology-bolstered advisory firm, announced it has raised $72 million USD in a Series C round, co-led by CapitalG (Alphabet’s growth fund) and Viewpoint Ventures. Other notable investors include Bessemer Venture Partners, Khosla Ventures, and Lightspeed Venture Partners. This funding boosts Farther’s valuation to $542 million as the company surpasses 5000 customers and $5 billion in assets under management, marking 5x year-over-year growth. Farther’s technology i