d1g1t Inc, the provider of an enterprise wealth management platform powered by institutional-grade analytics and risk management tools, has closed a new fundraising round worth CAD16 million.
Finance & Insurance
JPMorgan Chase is to acquire Nutmeg, a UK-based independent digital wealth manager which serves over 140,000 investors and manages in excess of GBP3.5 billion in assets.
Fintuity, a UK digital Independent Financial Adviser (IFA) has raised over three million USD of private and institutional investment over the past year to further develop solutions to extend expert financial advice and support those looking to ensure that their financial portfolio is working for them during these difficult times.
Addepar, a technology platform for wealth management, has raised USD150 million from D1 Capital Partners at a pre-money valuation of USD2 billion as part of its Series F financing.
Broadridge Financial Solutions, Inc, a global fintech firm, has acquired AdvisorStream, a provider of digital engagement and marketing solutions for the global wealth and insurance industries. The acquisition expands Broadridge's front-to-back office wealth capabilities, positioning Broadridge to serve growth-oriented advisors and firms looking to attract and engage prospects and clients across key digital channels.
Scalable Capital, a fast growing neo-broker and one of Europe's largest digital wealth managers, has raised more than USD180 million (EUR150 million) in a Series E funding round led by by China’s leading technology company Tencent.
UK wealth manager Mattioli Woods is to acquire lower-mid cap private equity house Maven Capital Partners.
Mercer Global Advisors, Inc (Mercer Advisors), a national Registered Investment Adviser (RIA), has acquired ET George Investment Management, LLC (George), a wealth management firm located in Starkville, Mississippi.
Lumin Wealth (Lumin) and Switzerland's VZ Group (VZ) have announced a tie-up which will facilitate the build out of Lumin’s UK financial advice and discretionary investment management services.
Pendal Group Limited (Pendal), parent company of J O Hambro Capital Management Limited (JOHCM), is to acquire 100 per cent of Thompson, Siegel & Walmsley LLC (TSW), a Virginia-based value investment manager, for USD320 million.