Wells Fargo’s Wealth & Investment Management division has teamed up with eMoney Advisor to offer planning solutions to its nearly 13,000 financial advisers.

The partnership will enable Wells Fargo to extend the eMoney Premier planning package, which consists of Foundational Planning and Advanced Planning, to its advisers.

These solutions will enable advisors to engage clients across every wealth segment in planning relationships in all part of their financial lifecycle.

In addition, eMoney will offer planning and wellness mobile application Incentive for Wells Fargo’s advisors in the future.

UniCredit has established a dedicated wealth management and private banking (WM & PB) division in Italy.

The banking group has appointed Stefano Vecchi to lead the new division, which will cater to more than 140,000 clients with over $117bn (€100bn) in assets.

Vecchi will be responsible for UniCredit’s private banking, wealth management as well as ultra-high-net-worth (UHNW) families and family holdings in Italy.

He will manage a team of over 1,400 employees, half of whom are relationship managers spread around 132 Italian cities.

Additionally, UniCredit’s Italian Investment Management, Investment Services, and Investment Products functions will report to Vecchi and to the Corporate and Investment Banking division, headed by Richard Burton.

Vecchi will work under UniCredit Italy chief Niccolò Ubertalli.

An advisory group for the US Securities and Exchange Commission (SEC) has reportedly voted in favour of letting ordinary investors to invest in private funds.

The SEC’s Asset Management Advisory Committee approved a report that recommended the regulator to enlarge the common investor’s access to private-equity, private-debt and real-estate vehicles, WSJ reported.

At present, only institutional and wealthy investors are eligible to invest in private equity funds.

The report, submitted by a subcommittee on private investments, suggested that ordinary investors could gain from the performance of such funds.

It also recommended that the regulator should balance greater access with investor protections.

In the recent past, government regulatory bodies have urged to let more retail investors, who don’t qualify as accredited investors, into private equity.

The Asset Management Committee in its report noted that ‘most retail investors are precluded from investing in the majority of private investments’.

UK-based fintech firm Wise is set to foray into wealth management space in tie-up with US investment manager BlackRock.

The firm launched a new offering called Wise Assets, which will allow its customers to invest in stocks across different currencies.

Customers can opt to use the money from their Wise bank accounts or other wallets to invest in iShares World Equity Index Fund, managed by BlackRock.

It is said to be a £40 trillion portfolio of stocks including Apple, Amazon, and Google.

Wise Assets is currently being offered to retail and business banking customers in the UK.

While traditional investing platform doesn’t allow instant access to money held in stocks, Wise will provide its users’ immediate access to their money.

According to the firm, up to 97% of the money held in stocks will be available instantly to the users, while 3% will be held back to cover any big market fluctuations.

Fintech C8 Technologies has announced the launch of its China Futures Access vehicle and gateway for offshore investors.

The strategy, utilised by C8’s Chinese onshore clients since 2018, provides institutional investors access to some one the world’s fastest developing futures markets via up to 50 commodity contracts.

C8 and the Futures Access programme is committed to being at the forefront of development and is diversified by market investment style, risk profile, and trade frequency.