Ladenburg Thalmann backs Newday to support financial advisor-focused pivot

Financial services firm Ladenburg Thalmann backed the firm, and will extend Newday’s platform to Ladenberg’s independent advisory and brokerage firms.

Shakeout highlights an elusive factor in impact investing platforms: the impact

In a guest post on ImpactAlpha, Align Impact’s Hummayun Javed suggests a fundamental issue with retail impact investing platforms: Retail investors don’t buy the platforms’ promises of actual impact.

Swell shuts down its retail impact investing platform

Customer acquisition has been a challenge for new entrants in retail impact investing, despite market demand for accessible sustainable investing options.

Ethic raises $13 million to help investors build custom sustainable investing portfolios

Ethic’s funding round was led by existing investors Nyca Partners, with backing from Fidelity Investments, Ashton Kutcher’s Sound Ventures. Existing investors that re-upped include ThirdStream Partners, Urban Innovation Fund and Kapor Capital.

The rise of impact-focused fintech

CB Insights highlights growing demand for ESG and impact investing in its “2019 FinTech Trends To Watch.”

How do I convince my parents? Five guideposts for family offices shifting to impact

Once ‘Next Gens’ who want to shift more of their family assets into impact investing master the basics of sourcing, diligencing and structuring deals, they may face a tougher challenge: “How do I convince my parents?”

Prudential backs Aura to help underbanked customers build their financial futures

Aura is a community development financial institution that offers starter lines of credit to the 66 million un- and under-banked adults in the U.S.