Fidelity's new tech for SMEs, EVO's WealthTech guide, and more.— WealthTech Fusion, 9 Aug.
Welcome to our new weekly newsletter. Here, key events from the WealthTech universe converge to meet your curiosity. Subscribe and enjoy!
What’s in:?
Let’s check up on Citi’s wealth business first.
?? Release, please
富达 has launched two new technology solutions for small and mid-sized registered investment advisors (RIAs).
The new tech will help RIAs overcome common barriers related to resources and cost. What Fidelity presented is an all-in-one technology stack and an advisory bundle featuring FMAX Essentials, a streamlined managed account platform. Smaller firms can establish scalable technology infrastructures with these tools by integrating key components such as Wealthscape Advisors, LLC , eMoney Advisor ’s financial planning capabilities, and Advyzon ’s operational software.?
The initiative aims to support smaller firms in growing their business and adopting technology best practices, which Fidelity’s research shows can significantly enhance growth.
EVO Wealth Consulting has launched the Wealth Technology Solution Guide, a comprehensive resource developed in collaboration with 22 leading wealth technology providers.?
The guide will help financial advisors, Registered Investment Advisory (RIA) firms, and broker-dealers navigate the rapidly evolving wealth technology landscape. The 24-page document offers educational content on the functions and implementation of various technological solutions, addressing challenges in adoption and integration.?
EVO's founder, Michael Casciano , says the demand for tailored technology education is growing, so EVO wants to help wealth management industry professionals keep up with it.?
The guide covers four key categories—Data and Cyber, Marketing and Client Engagement, Portfolio Design, and Investment Solutions—and is available on EVO's website with additional educational content and soon-to-be-released wealth technology demo videos.
?? Funding updates
Savvy Wealth has secured $15.5 million in a Series A-2 funding round led by Canvas Ventures .?
领英推荐
Thus, we can congratulate the company on a total Series A funding of $26.5 million, with an earlier $11 million raise in November 2022. The fresh funds bring their total funding since inception in 2021 to over $33 million.?
Existing investors, including Alumni Ventures , Brewer Lane Ventures , Thrive Capital , Index Ventures , and The House Fund , also participated in this round. Savvy will use the funds to enhance its proprietary technology platform for financial advisors and clients. The company will also strengthen its marketing support through lead generation automation and expand its engineering, product, and business development teams.?
Savvy Wealth focuses on modernizing human financial advice with a digital-first wealth management platform designed to improve automation and efficiency for wealth managers.
Rich Data Co (RDC), an Australian AI decisioning platform for lenders, has secured a $9 million investment from Acorn Capital Ltd .
Following a successful Series B round, the investment brings RDC's total raised to $37 million. The company will leverage this funding to accelerate RDC’s expansion into North America, where demand for advanced AI solutions is rising. Partnerships with nCino, Inc. and M&T Bank will support this endeavor.?
RDC specializes in AI tools that enhance banks' risk management, lending strategies, and regulatory compliance, making it a key player in the global banking sector. CEO @Ada Guan and Acorn Capital’s Andrew Burt stressed the strategic importance of this funding for RDC’s international expansion.
?? Leadership Reshuffle
Everest Group has named William Hazelton its new Executive Vice President of Everest Insurance Advisors and President of North America Insurance, as the company seeks to expand its market presence in the region.
Hazelton, an industry veteran with over three decades of experience, replaces Michael Mulray , who is leaving Everest after nine years.?
Juan C. Andrade, Everest President & CEO, expressed gratitude for Mulray's contributions and welcomed Hazelton, highlighting his leadership experience from previous roles at Chubb . Everest Group COO James Williamson praised Hazelton's ability to elevate the company’s market presence and build a strong team to drive the North America Insurance business forward.
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Now you’re up to date with the key news ??
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Sources: Businesswire, Fintech Global,? FinTech Futures, EVO, and Fintech Global again.
Helping RIAs Push Less Buttons
3 个月Thanks INSART for spotlighting the Wealth Tech Solutions Guide from EVO Wealth Consulting. Huge bonus that one of our partners Advyzon is the feature story for their collaboration with Fidelity for Wealth Managers. Things are moving fast!