The acquisition creates a discount brokerage behemoth that experts say could reshape automated advice.
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Icon December 5-6, 2019 | San Francisco
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FINANCIAL PLANNING
1. Schwab-TD Ameritrade deal shifts 'balance of power' in digital advice
By Sean Allocca      5 min read
The acquisition creates a discount brokerage behemoth that experts say could reshape automated advice. Read More →
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AMERICAN BANKER
2. Join the family bank? Nah, I'll start a fintech
By John Reosti     5 min read
George Cook could have joined Somerset Trust, where his father is CEO. Instead, he founded Honeycomb Credit, a crowdfunding platform that competes with banks. Read More →
FINANCIAL PLANNING
3. When is it time to sever a tech relationship?
By Chelsea Emery    
Hint: Make sure vendors follow your roadmap, says Carson Group President Teri Shepherd. Plus: Keeping diverse employees engaged and why the best growth strategies include losing some client services. Read More →
AMERICAN BANKER
4. How Square turns unconventional credit data into loans for tiny businesses
By Penny Crosman     4 min read
The payments company has loaned $5.5 billion to 275,000 small businesses, thanks to a data-driven process free from human interaction. Read More →
AMERICAN BANKER
5. Charter or not, fintechs are already ‘banking’
By Todd H. Baker     4 min read
A more practical approach for U.S. regulators on whether to bring fintechs into the banking fold might be "better the devil you know than the devil you don’t." Read More →
AMERICAN BANKER
6. Sterling in New York creates group to bank technology companies
By Ken McCarthy     1 min read
The company hired two bankers from CIBC to lead the newly formed group. Read More →
HOT MIC
FedNow is necessary, Fed digital currency is not: Mester
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Q: There is a lot of discussion about central banks developing their own digital currency. Should the Fed develop a FedCoin?

A: "Obviously, we are monitoring the private-sector currencies … and also other central banks around the world. Some of them are starting to move in a digital currency, at least some experimentation with it. So we're definitely talking to them so that we understand the issues," says Loretta Mester, president of the Federal Reserve Bank of Cleveland.
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Last Call for In|Vest West Tickets
In|Vest West kicks off next week! The team at Financial Planning is thrilled to host the digital wealth management community this December 5-6 in San Francisco. If you haven’t signed up, it’s not too late!
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Raising Capital
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Paytm raises $1 billion at $16 billion valuation
    1 min read
India’s digital payments pioneer Paytm announced new funding from existing shareholders like SoftBank Group Corp.’s Vision Fund and new investors, as competition in the country’s finance sector heats up. Read More →
ABOUT IN|VEST
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In|Vest is the home of the wealthtech community and the digital leaders in wealth management. Since its inception, we've united more than 5,000 executives to explore the changes in the market and discover innovations in investing, saving and financial advice. Join us at our next event.... Learn More →
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