Wealthtech Weekly is a newsletter that keeps you updated on the latest news on wealth management technology including fundraises, M&A, hiring, & more. 

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Reads:

Ethic Raises $64M (Finsmes)

Ethic raises their Series D led by State Street. This is a big round of financing for a wealthtech company that now has $6B in AUM. Companies such as SeedsInvestor, backed by Social Leverage, are also seeing incredible growth.

FNZ raises $500M (IBSIntelligence)

FNZ, the global end-to-end technology platform serving wealth and asset management businesses, has secured $500 million in new equity funding.

Wealthsimple makes acquisition (InvestmentExecutive)

Online investment platform Wealthsimple has acquired San Francisco-based wealth management platform for couples Plenty, Wealthsimple announced this month. Terms of the deal were not disclosed. Plenty was founded three years ago to help couples budget and track financial goals.

Modern makes 2 Acquisitions (WealthManagement)

The RIA integrator, founded by United Capital advisors about two years ago, has booked its 14th and 15th deals since launch. Wade Financial Advisory, based in the Silicon Valley area of Campbell, Calif., is a 13-person fee-only RIA with more than $700 million in client assets and over 250 households. The other firm, Planned Asset Management, is a seven-person team based in Calabasas, Calif., outside of San Francisco, managing over $350 million in client assets for more than 200 households. Both firms will take on the Modern Wealth brand name.

Watching:

LPL Aquires Commonwealth (YouTube)

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