In robo deal, Empower pays $1 billion for Personal Capital
'There’s a scarcity of pure-play platforms that can drive this technology. That’s one reason why Empower made this acquisition,' Personal Capital co-founder Rob Foregger told RIJ.
Robo-Advice
Blueprint Income, a fintech firm, will sell Pacific Life deferred income annuity online
The deferred income annuity is called 'Next.' The two companies envision Generation X-ers using the Blueprint Income platform to buy a personal retirement pension, one installment payment at a...
Envestnet Insurance Exchange aims for June 2019 launch
The Exchange will give advisors access to variable, structured, fixed, and indexed annuities from Allianz Life, Brighthouse Financial, Global Atlantic Financial Group, Jackson National Life Insurance Company, Nationwide, and...
Jackson and RetireUp partner on annuity illustration tool for advisors
RetireUp’s algorithms were chosen to power Jackson National’s wizard after RetireUp participated in a Jackson “Hothouse competition,” a “creative problem-solving methodology” that encourages teamwork, innovation and agility.
Majority of Americans expect to use robo-advice by 2025
Almost 60% of Americans expect to use a robo advisor by 2025 and 45% say robo advice will be the technology that ultimately has the biggest impact on financial...
A Retirement Income Plan from United Income
One of the smallest of the robo-advisors (United Income) has some of the biggest backers (Morningstar's chairman and eBay's founder) and a veteran (HelloWallet) CEO. RIJ asked United Income...
New robo-advice platform launches in Britain
Wealthsimple, which offers clients free access to human advice, is backed by Power Financial Corporation, the parent of Great-West Financial, Empower Retirement and Putnam Investments.
Personal Capital launches tax-efficient drawdown tool
To arrive at personalized recommendations, the service integrates account level tax status, household tax filing status, and the latest state-by-state and federal tax date with a goal of extending...
Financial Engines purchased by private equity firm
There were 208 M&A deals involving asset management firms worth $21 billion in 2017, according to Sandler O’Neill & Partners. Combined deal values were up about 23% from the...
Nobody Wins a Trade War
'Sit back, take a deep breath, and try to figure out why the stock market has been reacting so violently,' writes our guest columnist, who blogs about the economy.
Icon: An IRA for ‘Gig’ Workers
Icon will offer a portable IRA to workers at small companies as well as to independent contractors. State Street Global Advisors and Dimensional Fund Advisors will provide low-cost investments....
Goodbye HelloWallet. Hello, United Income
Matt Fellowes, who sold HelloWallet to Morningstar for $52.5 million, is introducing United Income, a digital advisor that promises even to help clients sign up for Social Security and...
