Advisory & Brokerage

Global wealth management platform FNZ has acquired Fondsdepot Bank, a German platform for trading and custody.

Envestnet, a developer of technology and systems for wealth management and financial wellness, has priced an offering of $500m in convertible notes.

Savvy, which is on a mission to modernise human financial advice through technology, has collected $11m for its Series A-1 funding round.

Brightside, a financial care platform for employers, has closed its Series B funding round on $33m, as it looks to enhance its AI-powered solution.

Retirable, a holistic retirement solution with the ongoing care of an advisor, has raised an additional $6m in seed funding and launched a retirement income and investing offering.

Arta Finance, a digital family office, has raised $60m in funding and exited stealth mode on a mission to make family office services available to everyone.

Equi, a New York-based alternative investment strategies platform, has raised $15m in Series A funding.

Social investing network eToro has received an ‘In-Principle Approval’ to operate as a securities, derivatives and crypto broker in Abu Dhabi.

UBS and Wealthfront have mutually agreed to terminate their merger deal and instead, UBS has purchased a $69.7m note convertible into the WealthTech’s shares.

WealthTech company Father has raised $15m in a Series A funding round led by Bessemer Venture Partners.