<div>
  <p>
  </p>
  <ul>
    <li>
      <p>
        Wealthfront, an automated advisory and investment management platform, has launched &quot;Automated Bond Ladder,&quot; a new offering that allows investors to invest in US treasuries.
      </p>
    </li>
    <li>
      <p>
        Automated Bond Ladder is a liquid, low-risk, and tax-efficient offering rather than a savings account or certificate of deposit (CD). It allows investors to keep nearly 13.3% more of their interest income compared to a high-yield savings account or CD based on the state of residence and tax bracket of the investor.
      </p>
    </li>
    <li>
      <p>
        The Automated Bond Ladder allows investors to automate investment in tax-exempt US Treasuries with a minimum investment of USD 500 and incremental deposits of USD 100. It scans rates of state income-tax-exempt US Treasury bills and notes to create a ladder that allows investors to reduce interest rate risk and lock-in rates for six months to six years.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.prnewswire.com/news-releases/wealthfront-launches-first-ever-automated-bond-ladder-to-help-investors-earn-more-from-highest-yields-in-15-years-302137433.html">
      Press release
    </a>
  </p>
</div>


Retail Trading Infrastructure

PROMINENT_CATEGORY

<div>
 
 <p>Wealthfront, a platform specializing in automated advisory and investment management, has introduced a new product known as "Automated Bond Ladder." This offering provides investors with the opportunity to invest in US treasuries.</p>
 <p>Compared to a savings account or a certificate of deposit (CD), the Automated Bond Ladder is a low-risk, liquid, and tax-efficient alternative. Based on the investor's tax bracket and state of residence, it provides the possibility of retaining approximately 13.3% more of the interest income than a high-yield savings account or CD.</p>
 <p>With a minimum investment of USD 500 and additional deposits from USD 100, the Automated Bond Ladder facilitates automatic investing in tax-exempt US Treasuries. By scanning the rates of state income-tax-exempt US Treasury bills and notes, it builds a ladder, enabling investors to reduce the interest rate risk and secure rates for a period ranging from six months to six years.</p>

</div>

Wealthfront launches Automated Bond Ladder allowing investments in US treasuries

ANALYST_QUICK_TAKE

TD Ameritrade fined USD 600,000 by FINRA over inconsistent automated approval system

INCUMBENTS_PRESENT

<div>
 
 <p>Betterment, a hybrid robo-advisory platform for both retail investors and institutions, has struck a deal to acquire digital investing accounts from Goldman Sachs' Marcus Invest. Exact financial terms of the deal remain undisclosed.</p>
 <p>The acquisition aims to boost Betterment's standing in the digital investing landscape, by transferring the purchased accounts to its own platform. This will allow customers to benefit from automated investing, varied portfolio options, efficient tax tools, and availability of human advisor support.</p>
 <p>Currently, Betterment boasts over 850,000 customers and manages in excess of USD 45 billion in assets.</p>
 
</div>

Betterment to acquire digital investment accounts from Marcus Invest

<div>
 
 <p>Avenir, a UK-based investment solution provider, has raised USD 530,000 in pre-seed funding from SFC Capital, Techstars, and various individual investors. The firm plans to use these funds to expand operations and speed up development projects.</p>
 <p>Avenir provides personalized investment options for financial advisors and wealth managers, utilizing artificial intelligence and direct indexing technology to deliver investment solutions.</p>
 
</div>

Avenir raises USD 530,000 in pre-seed funding to expand operations and for development

<div>

<p>Moomoo, a digital trading platform, has teamed up with Nasdaq to improve the trading experience for retail investors on its platform. This partnership entails Moomoo providing its users with a free trial of Nasdaq TotalView for three months. Nasdaq TotalView delivers a complete market depth by showcasing the entire order book depth on Nasdaq, which includes 60-level bid and ask quotes.</p>

</div> <p><b>Analyst QuickTake:<br>
 </b> <a href="https:<br>
//sp-edge.com/updates/21474"> Last year </a> , Moomoo also partnered with the New York Stock Exchange (NYSE) to leverage NYSE’s content and educate investors on financial products, trading, and other industry insights. Moomoo also recently launched its <a href="https:<br>
//sp-edge.com/updates/24470"> Podcast Mobile Money </a> by Moomoo, a weekly podcast delivering updates on market news and insights, investment concepts, and ongoing economic developments with in-depth financial education.</p>

Moomoo partners with Nasdaq to enhance product offerings

<div>
 
 <p>UK-based robo-advisory platform, Wahed Invest, specializing in Shariah-compliant investments, has named Mohsin Siddiqui as its new CEO, succeeding Junaid Wahedna, the founder and previous CEO.</p>
 <p>Prior to this appointment, Mohsin joined the company in 2023, serving as the chief operating officer. He has amassed significant leadership experience from his previous roles, including the chief revenue officer at RegTech firm ComplyAdvantage, and chief customer officer along with the managing director at OANDA, an online trading platform.</p>
 
</div>

Wahed Invest names Mohsin Siddique as new CEO

<div>
 
 <p>Belong, a UK-based robo-advisory platform, raised GBP 2.95 million (~USD 3.7 million) in pre-seed funding. The lead investor was Octopus Ventures, with Viola Fintech, Connect Ventures, Portage Ventures among the participants.</p>
 <p>The raised funds will be allocated to scaling the company's platform.</p>
 <p>The company recently launched from stealth mode and is accepting waitlist registrations until the end of April this year.</p>
 <p>Established in 2023, Belong's focal market includes working millennial professionals. Aside from its robo-advisor services, it proposition includes a low-interest loan feature named Boost Loan, which aids users in augmenting long-term investments in equities.</p>
 
</div>

Belong exits stealth with GBP 2.95 million in pre-seed funding

<div>

<p>Online trading platform, Robinhood, has launched its commission-free trading service in the UK. This platform allows users to trade US stocks without any commission or FX fees and also offers a 5% interest on cash not invested.</p>
<p>However, pending regulatory discussions, Robinhood has put a pause to their plan of offering margin trading at 12% interest in the UK. Initially, they had claimed that they could provide margin investing without checking customer's suitability because of a regulatory exemption. But, there is still no comment from the Financial Conduct Authority (FCA) regarding this exemption.</p>

</div> <p><b>Analyst QuickTake:<br>
 </b> Today’s launch of Robinhood’s UK arm follows after the company scrapped previous plans for a UK launch in 2020 before announcing a second attempt in November 2023. Robinhood <a href="https:<br>
//sp-edge.com/updates/27225"> reported </a> 24% YoY growth in net revenue last month, and also announced plans to expand globally, building on its progress in the UK and EU, with plans to explore further opportunities to expand its customer base outside the US.</p>

Robinhood launches commission-free trading platform in UK

<div>
 
 <p>WeBull, an online trading platform, has introduced a cash management solution for Canadian investors. It offers 4% CDN or 3% USD interest on uninvested cash. The interest is accumulated monthly without any account minimums, lockups, or restrictions.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> The company recently <a href="https:<br>
//sp-edge.com/updates/27566"> launched futures and commodities trading </a> in the US and <a href="https:<br>
//sp-edge.com/updates/27220"> plans to go public </a> via a SPAC deal with SK Growth Opportunities Corporation (NASDAQ:<br>
 SKGR) with an implied pro forma enterprise value of approximately USD 7.3 billion.</p>

WeBull launches cash management solution in Canada

<div>
 
 <p>M1 Finance, a digital investing platform, has been hit with a USD 850,000 fine by the Financial Industry Regulatory Authority (FINRA). The fine is due to M1 Finance's use of social media influencers to advertise their platform, with content that was deemed unbalanced and made misleading claims. This contravenes FINRA rules regarding Communications with the Public and Standards of Commercial Honor and Principles of Trade.</p>
 <p>The promotion occurred from January 2020 up until April 2023, with about 1,700 influencers paid to advertise M1 Finance's services. These campaigns resulted in the opening of over 39,400 new accounts. However, M1 Finance did not review or approve the promotional content and did not implement a satisfactory supervisory system. Despite not admitting or denying the charges, the firm agreed to address the issues identified in FINRA's findings.</p>
 <p>This case is particularly significant because it is the first time FINRA has carried out disciplinary action towards a company supervising social media influencers. The action stems from FINRA's close examination of businesses' use of social media platforms as a tool for attracting customers.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> Other regulatory actions taken against retail trading companies in the recent past include 1) Titan <a href="https:<br>
//sp-edge.com/updates/21474"> facing SEC charges </a> for violating marketing rules, resulting in a cease-and-desist order, censure, and USD 192,454 in disgorgement, plus a USD 850,000 penalty for misrepresenting investment performance and other compliance breaches and 2) Goldman Sachs being fined <a href="https:<br>
//sp-edge.com/updates/22257"> USD 6 million </a> by the SEC for failing to provide accurate securities trading information.</p>

All Updates

Wealthfront launches Automated Bond Ladder allowing investments in US treasuries

TD Ameritrade fined USD 600,000 by FINRA over inconsistent automated approval system

Betterment to acquire digital investment accounts from Marcus Invest

Avenir raises USD 530,000 in pre-seed funding to expand operations and for development

Moomoo partners with Nasdaq to enhance product offerings

Wahed Invest names Mohsin Siddique as new CEO

Belong exits stealth with GBP 2.95 million in pre-seed funding

Robinhood launches commission-free trading platform in UK

WeBull launches cash management solution in Canada

M1 Finance fined by FINRA for USD 850,000 over violations regarding social media influencer program

Retail Trading Infrastructure

Wealthfront launches Automated Bond Ladder allowing investments in US treasuries

Contact us