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 ...