September 21, 2023


Super Technology

Envestnet Buys Advisor Billing Provider: Tech Roundup


What You Want to Know

  • Envestnet acquired Redi2 Technologies, a provider of hosted fee-billing options for advisors.
  • The Electronic Belongings Council of Economic Gurus released a new system for advisors on NFTs.
  • Broadridge Economical Remedies appointed Tyler Derr as its new main technology officer.

Envestnet obtained Redi2 Technologies, a company of billing remedies for advisors and asset administrators.

Phrases of the acquisition had been not disclosed.

The transaction will generate additional connections across the Envestnet economical wellness ecosystem for RIAs, asset administrators and prosperity professionals, the business stated Tuesday.

The Redi2 platform permits charge calculation, invoice generation, payouts and accounting, and billing compliance.

The Redi2 cloud-primarily based, one-sign-on products portfolio consists of: BillFin, furnishing advisory billing and invoicing, like rate-splitting and versatile billing set up functionalities, for RIAs and other advisors Earnings Manager, offering customer income accounting and billing expert services for asset managers and Wealth Manager, a multi-bash billing and payouts services for broker-dealers and turnkey asset administration platforms.

Envestnet’s most current acquisition underscores the firm’s method to develop out its ecosystem with technology, alternatives and knowledge that it stated “further our marketplace leadership, and develop scale and operating leverage for our enterprise.”

DACFP Launches New System

“Understanding NFTs” is the third of 7 new continuing education courses that the Electronic Assets Council of Economic Experts is including this calendar year, it mentioned.

The new, on line self-examine study course, introduced Thursday, is free of charge for enrollees in DACFP’s Certificate in Blockchain and Digital Assets certificate program and allows them to get paid one CE credit history although studying about nonfungible tokens, it said.

The system is taught by DACFP faculty member Jacki Roach, Main NFT Expert at MyCrypto Advisor. In the a single-hour software, she clarifies why NFTs are this kind of a common matter in crypto this 12 months, as very well as what NFTs are, how they perform, and how clients are investing in them current and long term works by using of NFTs in organization and society and no matter whether and how to include things like NFTs in clients’ portfolios.

1000’s of monetary advisors from eight international locations have enrolled in the certificate system to date, according to DACFP, which was launched by Ric Edelman, who also launched Edelman Economic Engines.

Classes previously introduced protect crypto taxation and making earnings via crypto staking, lending and borrowing.

Broadridge Names New CTO

Broadridge Financial Alternatives appointed Tyler Derr as its new chief know-how officer, effective July 1, succeeding John Hogan, who had been CTO because 2014 and before this yr asked for to changeover to a new management purpose, the fintech agency reported.


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