Acorns is raising $565 million to Robinhood-ize itself; lately, that includes self-direction options and buying fintechs
Combining a SPAC IPO raise of $400 million and a $165-million hedge fund placement, the Irvine, Calif.-based robo-advisor needs a reboot after nearly a decade grew AUM to only about $5 billion
Related Moves
Andres Garcia-Amaya taps two industry vets to guide Zoe Financial through the RIA referral market's rocky shoals, which have sunk more than one firm
Backed by a $2 million VC injection from JP Morgan and ex-BlackRock execs, the NYC startup appoints wirehouse veteran Robert Deutsch and Acorns' investment guru Chris Jones to board