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CommonBond raises over $600m + Schwab's robo tops year at over $5 billion

With all the activity in the financial industry, we've honed the headlines in this week's newsletter
January 10 · Issue #14 · View online
Tearsheet Weekly Newsletter
With all the activity in the financial industry, we’ve honed the headlines in this week’s newsletter and reduced descriptive text. This should help you skim faster and to get a better feel if a particular story deserves further drill down. (Thanks to Tradestreaming reader, Richard, for the suggestion).
– Zack Miller, Tradestreaming
P.S. We launched a daily version of this newsletter this week. If you’re interested in staying on top of things daily, subscribe by going here.

On the podcast this week...
How Harvest Exchange helps funds like Third Point and Highland Capital Partners attract new LPs
The Incumbents
Edward Jones launches mutual fund family, attracts more money last year than Fidelity, BlackRock and American Funds
Schwab 'robo adviser' grows to $5.3 billion in its debut year
Will the Department of Labor's Fiduciary Rule make Broker-Dealers irrelevant in 2016?
Fidelity drops credit card partners AmEx, Bank of America, ending 12 year partnership that generated billions in fees
The Startups: Who's shaking things up
trov’s Scott Walchek on designing the world’s first on-demand insurance for single items
Income&’s Brad Walker on building a better mousetrap for retirement investing using marketplace lending
Startups raising/Investors investing
Student lender CommonBond raises $625m in total funding
Alibaba's Finance Arm Said to Seek at Least $1.5 Billion
Street Contxt scores $8m to bring more efficiency to investment research distribution
Blockchain Startup Gem Closes $7.1m Series A to build a modular platform for blockchain applications
Canadian online lending marketplace Lendful raises $15m
Xfers Lands $2.5m To Simplify Bank Transfers For Online Sellers
LoanNow Secures $50m Credit Facility
Tools of the trade
The Wall Street Journal is first business publication to get a spot on Snapchat Discover
How Digital Currency Council is professionalizing bitcoin and blockchain technologies for the financial industry
Marketing and investor behavior
ATM withdrawal volumes suggest appetite for cash remains strong
One in ten UK card transactions now contactless
How financial institutions can reverse their best employees leaving to fintech startups
Boutique investment banks gaining share
Fintech start-ups beware: customers are expensive and acquisition key to success
Want to Get More Business? GuideVine Plays Advisor-Client Matchmaker
New financial products
Nasdaq sees in the New Year with first blockchain transaction
Why target date funds are better retirement vehicles than robos, index funds
Financial Ecosystems: Where's the action at?
London FinTech Industry Is Firing on All Cylinders
Nasdaq and Tel-Aviv Stock Exchange sign strategic agreement to work with top private cos
Report: China P2P Lending Topped $150 Billion in 2015
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