FinTech

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UBS Agrees To Buy Wealthfront For $1.4 Billion In Cash Deal

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The robo-advisor will bring $27 billion in assets and 470,000 U.S. clients to UBS.

Crypto, NFTs Are Rife With ‘Mountains' Of Fraud, IRS Says

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IRS investigators seized $3.5 billion worth of cryptocurrencies tied to financial crimes during fiscal year 2021.

Meme Investors Learn The Hard Way: The House Always Wins

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Reddit and social media meme investors are being humbled by the realities of the market.

Dynasty Financial Files For $100M IPO

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The services platform was founded by veteran Shirl Penney to help RIAs seeking to strike out on their own.

Crypto Exchanges Eye Taking On Robinhood With Expansion Into Stock Trading

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FTX US is working on adding stock and option trading, and a launch could come in months.

Clients May Rather Talk To An App Than To Their Advisor

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Refinitiv found that 89% of survey respondents preferred to interact with financial providers via an app.

Acorns Plans Direct Stock Investing, Challenging Robinhood

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The company's app will allow users to put money into their own investments in addition to Acorn ETF choices.

Older Americans Are Embracing Technology, AARP Says

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Those 50 years old or more have become more tech savvy than people realize, according to a new AARP survey.

The Holmes Verdict Sends A Mixed Message To Investors

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The founder of Theranos seems to have been convicted of fraud only against those who asked few questions.

The Metaverse Has Your Ticket To Times Square's Ball Drop This Year

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With Covid-19 disrupting celebrations, virtual reality's moment may have arrived.

Rich Millennials Going Digital But Still Want Advisors, Study Says

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Millennials are looking for professional assistance despite their embrace of digital investing, according to a new survey.

Morgan Stanley Tells Staff To Wear Masks, Limit Big Meetings

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Morgan Stanley joins Goldman Sachs and other wirehouse firms in taking action against the omicron variant.

Bitcoin-Owning Senator Lummis To Propose Crypto Overhaul Bill Next Year

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Policymakers are divided on how to tax and regulate digital assets along partisan lines.

Cathie Wood Says Innovation Stocks Are In ‘Deep Value' Territory

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She called responses by algorithms and traders "Pavlovian" and maintained a five-year outlook.

The Five-Day Office Week Isn't Coming Back. WFH Is Here To Stay

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The proportion of staff teleworking at least one day a week is expected to be much higher than before the pandemic.

Human Ingenuity Will Prevent Climate Catastrophe

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Brains and substitutions have always beat major economic problems and shortages, and probably always will.

Building A Tech Stack That Empowers Opportunities To Scale And Grow

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The are many ways technology can elevate your practice, attract new business and improve the way you serve clients.

Finra Fines Wells Fargo $2.25M For Data Storage Problems

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The agency said the firm failed to store customer identification records in safe formats.

Investment Platform For Advisors Adds Two Fixed-Income Options For ESG Clients

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Seeds Investor has added Nuveen and BlackRock managers to its custom stock portfolio platform.

Ric Edelman To Focus On AI, Crypto And More On New Radio Show, Podcast

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The nationally syndicated program aims to educate listeners on how to improve their wealth, health and lifestyle.

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