robo-advisor

News/retail

Wells Fargo robo advisor lowers limits to attract millennial investors

Wells Fargo has relaunched its robo-adivsory product Intuitive Investor, making it available to customers with just $500 to invest.

24 May 2022

News/startups

Tumelo raises $19m

Tumelo, a UK startup that helps investment platforms and pension providers give investors insight into which firms their money is being put into, and a voice on issues such as board diversity and climate change, has raised $19 million.

10 May 2022

News/wealth

Goldman Sachs to buy pension robo-advisor NextCapital

Goldman Sachs has agreed to buy NextCapital, a robo-advisor for corporate retirement plan participants. Financial terms were not disclosed.

29 March 2022

News/crypto

Betterment moves into crypto through Makara acquisition

Digital investment advisor Betterment is joining the crypto goldrush through the acquisition of Makara. Financial terms were not disclosed.

08 February 2022

News/wealth

UBS to acquire robo advisor Wealthfront for $1.4 billion

UBS is to buy robo addvisor Wealthfront for $1.4 billion, marking the Swiss bank's first fintech acquisition under the tenure of CEO Ralph Hamers.

27 January 2022

News/wealth

M&G to launch robo advisory service in UK; takes minority stake in Moneyfarm

Digital wealgh manager Moneyfarm is to raises £44.1 million through a private placement that will see M&G acquire a minority stake in the company.

26 January 2022

News/wealth

Acorns co-founder raises $20m for micro-investing apps

Acorns co-founder Walter Cruttenden has raised $20 million in Series A funding for his latest venture, Ant Money, and merged it with another of his fintech firms, Blast.

22 December 2021

News/wealth

Wealthsimple quits UK market

Canadian fintech giant Wealthsimple is pulling out of the UK investment market, transferring its customers to Moneyfarm.

06 December 2021

Research/robo-advisor

Don’t go extinct - How Wealth Managers can remain relevant

29 November 2021 336 downloads

News/retail

BM Technologies agrees to buy a bank

Fintech BM Technologies has agreed to buy community business lender First Sound Bank in a $23 million deal.

15 November 2021

Research/robo-advisor

The Future of Wealth Management 2022

10 November 2021 1112 downloads

News/Sibos

Sibos 2021: What will Industry 4.0 and 5.0 mean for the financial sector?

Opening Swift Innotribe’s red thread – Banking on Change – on day one of Sibos 2021, was theoretical physicist, futurist and science communicator, Dr Michio Kaku. Known best for his seminal work on string theory, Kaku analysed science’s contribution to wealth generation since the first industrial revolution, and made predictions as to how further technological innovation, particularly artificial intelligence (AI), will steer the financial services sector through the fourth and fifth industrial revolutions, this century.

11 October 2021

News/wealth

Robo-advisory firm Betterment reaches unicorn valuation

Robo advisor Betterment has reached a Unicorn-level valuation of $1.3 billion after securing $160 million in growth capital comprised of a $60 million Series F equity round and a $100 million credit facility.

30 September 2021

News/wealth

Abrdn to acquire digital wealth management app from Nucoro

Investment manager Abrdn is to acquire the digital wealth management arm of fintech Nucoro for an undisclosed sum.

10 August 2021