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Alibaba’s affiliate Ant Financial launched a wealth management smartphone app Tuesday. The standalone app, Ant Fortune, lets users buy online monetary fund Yu’ebao and products from Zhaocaibao, an online platform connecting.

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Alibaba’s affiliate Ant Financial launched a wealth management smartphone app Tuesday. The standalone app, Ant Fortune, lets users buy online monetary fund Yu’ebao and products from Zhaocaibao, an online platform connecting.

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Wealth-firm aggregator Focus Financial Partners LLC has acquired a stake in Bethesda. Md.-based Bridgewater Wealth & Financial Management, which combines a registered investment adviser with a certified public accounting firm.

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