News

Who wins, loses or collaborates?

Called Alts Bridge, the platform will integrate with BNY’s existing wealth management and technology platforms for advisors and intermediaries.

The updated framework introduces a new method that Morningstar says is more precise in assessing how much alpha a managed investment can add. Nearly one-fifth of the 200,000 funds the firm rates will be affected, mostly as downgrades.

Frank Devincentis, Craig Eyler and Molly Girard, a Chicago-based trio, are creating Verismo Financial to operate within the wirehouse’s independent channel.

Moneytree’s financial planning tool features a new architecture, workflows and account aggregation capabilities.

In other news, Betterment rebrands advisor unit, Janney builds a new portfolio construction tool and other announcements.

Tech executives discuss use cases, experiences and the future of artificial intelligence during the CTO Panel at the WealthManagement.com Industry Awards Executive Forums.

FINRA says multiple reps at the wirehouse recommended short-term buying and selling of securities meant to be held long term.