SAN DIEGO, July 24, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Jared Black and Richard Brokaw have joined LPL’s employee advisor channel, Linsco by LPL Financial, to launch Wyoming Asset Advisors Powered by LPL. They reported serving approximately $400 million in advisory, brokerage and retirement plan assets* and join LPL from Wells Fargo Advisors. Located in Cheyenne, Wyo., the team has more than 65 years of experience and have worked together for over three decade ...

Core Insights - Raymond James Ltd. has entered a strategic collaboration with FNZ to enhance its wealth management systems and improve client and advisor experiences nationwide [1][4] - The partnership will utilize FNZ's integrated wealth management platform, featuring AI-driven tools and advanced digital capabilities [2][3] - Raymond James plans to invest approximately $1 billion globally in fiscal year 2025, focusing on technology upgrades and cybersecurity [5][8] Investment and Technology Strategy - The collaboration with FNZ represents a significant investment in modern infrastructure aimed at improving efficiency and personalization in wealth management [2][3] - The new platform will provide advisors with a user-friendly interface, enhancing client interactions and offering real-time capabilities [3][4] - The investment aligns with Raymond James' goal to establish itself as a leader in financial technology and innovation [5][8] Market Position and Performance - The strategic investment reinforces Raymond James Ltd.'s position as a preferred choice for top advisors in Canada, emphasizing innovation and client service [4] - In the past three months, shares of Raymond James have increased by 6.4%, which is lower than the industry average rise of 13.2% [6]

Core Viewpoint - Envestnet plans to sell its subsidiary Yodlee to private equity firm STG, allowing Envestnet to focus on its core wealth management offerings [1][4]. Group 1: Transaction Details - The sale of Yodlee is expected to close in the third quarter, pending customary closing conditions [2]. - STG specializes in investing in innovative software, data, and analytics firms, and Yodlee will be integrated into STG's global technology portfolio [2]. Group 2: Strategic Implications - STG's managing director, Marc Bala, stated that the partnership will enhance Yodlee's investment in product innovation, customer success, and long-term growth [3]. - Yodlee aims to focus on technological innovation and improved solutions for the financial sector with STG's support [3]. Group 3: Envestnet's Focus - Envestnet's CEO, Chris Todd, indicated that the transaction will enable the company to concentrate on its core offerings, including its wealth management platform [4]. - Envestnet retains access to Yodlee's data aggregation technology, which is essential for financial advisors [5]. Group 4: Company Background - Envestnet became a private company in November after being acquired by Bain Capital affiliates in a deal valued at approximately $4.5 billion [5]. - The company reported $6.5 trillion in platform assets, over 20 million accounts, and services more than 111,000 financial advisors [6]. - Envestnet is enhancing its wealth management solutions by investing in tax intelligence, trading flexibility, client engagement, and advisor productivity [6]. Group 5: Historical Context - Envestnet acquired Yodlee in 2015 for a cash and stock transaction valued at about $660 million [7].

Siebert customers to utilize expanded tech offering NEW YORK, June 11, 2025 (GLOBE NEWSWIRE) -- Siebert Financial Corp. (NASDAQ: SIEB) today announced a meaningful investment and strategic partnership with FusionIQ, a leading cloud-native digital wealth management platform. Under the agreement, Siebert will deploy FusionIQ's technology to enhance its digital offerings and streamline end-to-end investment workflows across its growing client base. This move aligns with Siebert's broader strategy to prioritize ...

SAN DIEGO, May 28, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisor Mai Park, CPWA®, has joined LPL’s employee advisor channel, Linsco by LPL Financial, aligning with existing firm Pence Wealth Management, to launch Mai Park Capital. She reported serving approximately $330 million in advisory, brokerage and retirement plan assets* and joins LPL from Merrill Lynch. Based in Newport Beach, Calif., Park transitioned to financial services in 2007 following a career as a high sch ...