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Funding for wealthtech is also picking up, with firms attracting $1.5 billion across 62 deals in the third quarter.
From the fate of Veo One to account openings, here’s what Schwab’s leaders had to say.
The firm will use its warchest to expand its technology stack and make acquisitions.
The nation’s largest IBD made its first tech deal this year for a firm that has $120 billion in assets on its platform.
Refinitv’s Workspace will power the wirehouse’s investment research and risk assessment capabilities.
Although in-person hearings aren’t banned outright, none have taken place since the onset of the coronavirus pandemic.
"We’re not just software,” CEO Ed O’Brien says. “We’re here to help advisors be better planners.”
New ownership of the popular platform could open the door for new tech leadership, but don’t count Schwab out yet.
Estimates for the deal between the analytics platform and private equity firm LLR Partners go as high as $270 million.
