Fintech Hopefuls Vie For Ladenburg Equity Investments


By Joyce Blay/ FA-Mag.com

Early-stage start-ups in the field of financial technology (fintech) presented their solutions to key social and economic trends at Ladenburg Thalmann’s Second Annual Innovation Symposium in San Francisco earlier this week.

Held Tuesday and Wednesday by Ladenburg Innovation Lab, the symposium enabled parent company Ladenburg Thalmann to identify and fund the development of fintech tools and solutions that can be customized for over 4,300 affiliated financial advisors nationwide, the company said.

The symposium featured presentations of fintech product offerings that ranged from a variety of platform solutions to a socially conscious mobile investment app.

These were some of the products presented:

– Genivity: A technology platform that helps advisors project long-term health-care costs for clients for financial planning purposes.

– Peanut Butter: A platform for employers to offer student loan assistance as an employee benefit.

– Rize Money: A platform that combines savings and investment accounts for individuals.

– My Perfect Financial Advisor: A service that helps investors find the ideal financial advisor for their needs, at any stage of the investor’s life

– Newday Impact: An app-based impact-investing platform.

During last year’s symposium, Track Technologies presented its tax-automation product for self-employed workers. The product enables users to calculate, withhold and submit their estimated tax payments. Ladenburg announced at this year’s innovation symposium that the Track product is ready for rollout.

Ladenburg also announced the creation of the Advisor Innovation Council, a group of technology-oriented advisors from across the Ladenburg network that will provide feedback and insights to the Ladenburg Innovation Lab and the early stage starup firms working with it.

Ladenburg Thalmann Financial Services Inc. is a diversified financial services company headquartered in Miami.