Skip navigation

WealthStack Roundup: Apex To Launch Fractional Fixed Income Platform

Also, Morgan Stanley launches a charitable giving program, Vyzer raises $6.3 million in seed funding and Modern Life Adds John Hancock strategies.

Apex Fintech Solutions announced it would be launching a new fixed-income investing platform.

The soon-to-be-released platform seeks to allow investment in fixed income through fractional corporate bonds and treasuries. The platform aims to give retail investors access to previously unreachable fixed-income markets, which usually require large trade sizes, higher minimum investments and other barriers, according to the company.

The platform is currently in development and is set to be released later this year. It was developed in collaboration with Moment Technology. Firms that are interested in the platform when it is released are now able to join a waitlist.

Apex Fintech Solutions is the advisor-focused platform for the custody and clearing firm that has at one time or another sat behind robo advisors like Betterment and advisory platforms like Altruist.

Apex has built out its sophisticated capabilities in recent years to support independent advisors, including fractional share trading, direct indexing, digital account opening and digital funding using ACATS, among others.

Apex was recently named a finalist in several categories at the 2023 Industry Awards including Technology, Thought Leadership, CEO of the Year, Client Onboarding/New Account Opening and Diversity, Equity and Inclusion.

Morgan Stanley At Work Launches New Charitable Giving Program

The program seeks to give employers and employees the ability to donate to charity through a donor-advised fund platform. Companies may open and manage their own Corporate Giving Accounts on the platform and distribute giving credits to their employees, who may then contribute to charities of their choosing, according to the company. The program also allows employees to open their own Individual Giving Accounts.

Behind this program is the Morgan Stanley Global Impact Funding Trust, the same charity as the DAF available to clients from Morgan Stanley Wealth Management’s Financial Advisor-led channel. MS GIFT is an independent 501(c)(3) organization that provides the firm’s clients access to a DAF, supporting organizations and other planned giving strategies. Since launching in 2000, MS GIFT has facilitated over $5 billion in grants and now oversees $6 billion in AUM.

Morgan Stanley at Work is also working with TIFIN Give—a platform for community-oriented DAFs, that is part of TIFIN. Dr. Vinay Nair, founder and chief executive officer of TIFIN, stated companies can now enable “charitable giving for their employees in a way that fosters both a sense of community and social impact.”

Modern Life Adds Collaboration with John Hancock to Platform

The tech-enabled life insurance brokerage for advisors, Modern Life, announced that users of the platform will now have access to John Hancock’s suite of insurance strategies, including term, permanent and variable life products.

This means that the financial advisors licensed to sell insurance can use Modern Life’s digital underwriting capabilities and end-to-end platform to generate quotes, submit applications, and manage in force policies from John Hancock.

The fully digital Modern Life platform supports permanent and term-life insurance, annuities and variable products, long-term care insurance and hybrid long-term care products, is meant to help advisors find the product that best matches their client’s specific needs.

Using the platform, advisors request quotes for long-term care through a digital and shareable form that takes the friction out of more traditional paper forms–based processes when collecting client data.

In January the company announced a distribution partnership with Pacific Life Insurance Company; and Modern Life now works with more than 25 of the nation's top insurance carriers. 

Modern Life launched out of stealth in August 2022; its platform is licensed in all 50 states and provides access to the full suite of insurance products, including permanent life, term life, long-term care and disability.

Vyzer Raises $6.3M In Seed Funding

Vyzer, a portfolio tracking and wealth management platform using artificial intelligence, announced it had raised $6.3 million in seed funding.

Venture capitalists, angel investors and family offices including iAngels, Guy Gamzu, MonetaVC, Jonathan Kolber and Rafi Gidron contributed to this amount, according to the company.

The AI-powered platform includes features such as financial analysis, advanced planning, tracking, automated data management, analytics, peer benchmarking and forecasting. The peer benchmarking tool uses the platform’s AI capabilities to provide clients with insights into investment strategies, fund managers and similar investors’ activities.

The funds will enable Vyzer to enhance the platform's AI capabilities, develop new features and broaden its market presence, according to the company.

Vyzer has already collaborated with private investor communities including Left Field Investors, Wealth Without Wall Street, GoBundance and Private Investor Club.

The firm was co-founded by Litan Yahav, Tomer Salvi and Guy Gamzu, and has offices in Israel and New York.

Pricing is split into three tiers, with the starter pack being free and including up to three portfolios, the plus plan is $29 per month for up to 15 portfolios and the premium plan is $79 per month for up to 120 portfolios, all billed yearly.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.