Links to today’s top stories:
Fidelity® Announces New Advisor Technology Solutions to Help Firms “Get Smarter and Go Faster” from Fidelity.com
Core Upgrade Brings Orion’s Dynamic, Time-Saving Reporting to Private Assets from BusinessWire
Human Interest (Formerly Captain401) raises $11 Million Series A to Serve Small Business 401(k) Market from PRNewswire
Welcome to the FPPad fintech briefing, Here are the top fintech stories you need to know today.
Fidelity® Announces Advisor Technology Initiatives for 2018
Fidelity, one of the top institutional custodians for financial advisers, recently announced the planned introduction of several new technology solutions for financial advisers. In a recent press release, Fidelity said it will introduce a new account aggregation tool called Consolidated Data, a business analytics tool called Insights + Analytics, new Advanced Modeling & Rebalancing capabilities for its Wealthscape software platform, and the launch of a digital app store called the Wealthscape Integration Xchange.
Pilots of several of these new tools are scheduled to begin in the third quarter of 2018, and no guidance on pricing was provided for any of the new tools announced, so expect quite a bit more concrete information over the coming months as these tools get closer to production.
Orion Advisor Services Launches Alternative Investment Platform
From Orion Advisor Services, the company announced the release of its Alternative Investment Platform tool, allowing financial advisers to offer better reporting to their clients around alternative investments like private equity, venture capital, non-traded real estate, and more.
The company press release also highlighted an update anticipated for May that adds automated data gathering for alternative assets from DTCC and other alternative data vendors.
Captain401 Rebrands as Human Interest, Raises $11 Million Series A
And Captain401 has a new name and new funding, as the company said it’s changing its name to Human Interest on the heels of raising an additional $11 million dollars in a Series A round last week.
Founded in 2015, Human Interest says it helps over 10,000 employees save for their retirement with a focus on the small business retirement plan marketplace, where it will find competition from other providers like Betterment for Business, America’s Best 401(k), as well as large incumbents like Vanguard and Financial Engines.
I’m Bill Winterberg, and those are your fintech headlines for today from FPPad.com. Check back in with me later for more fintech news.
