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The robo advisor for socially conscious investors will benefit from becoming part of the largest U.S. bank, but "we also want to maintain the dynamic ... that made OpenInvest what it is," one of its co-founders says.
June 30
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Amerant Bank has invested $2.5 million in Marstone to provide a digital alternative to personal wealth advisors for new and existing clients. The technology "gets planning capabilities into the hands of any customer that wants them," says Jerry Plush, the Florida bank's new CEO.
June 28
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Advisors who use at least two of the services will receive discounted pricing.
June 22
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The deal values the robo advisor at close to $966 million, according to people familiar with the matter.
June 18
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Firms using the fintech will lose support on September 6.
June 11
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Account openings on the app doubled in 2020 from a year earlier.
May 28
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The app offers investing and banking products to more than 4 million subscribers.
May 27
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The startup is making its platform easier for RIAs to use while moving further away from Wealthfront's vision of "self-driving money."
May 21
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Financial advisors and even competitors to Robinhood say the self-directed service has opened the door to new potential clients.
May 13
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Even as Bitcoin and other digital currencies increasingly gain acceptance across Wall Street, the robo advisor is still doing its research.
May 6
