TIFIN’s FinancialAnswers.io Acquires Financial News and Analysis Platform StockNews.com

Stephen Reitmeister, the founder of StockNews.com and former GM of Zacks Investment Research, named partner at FinancialAnswers.io as the platform expands its data, AI, and fintech widget driven transformation of financial media assets 

The acquisition comes on the heels of the recent acquisition of AMTG, renamed Wealthpop, and plans announced in April to deploy $100 million over 18 months to acquire financial media firms

 

TIFIN, a fintech platform using artificial intelligence and investment-driven personalization to shape the future of investor experiences, today announced that its subsidiary Financial Answers has completed the acquisition of Stock News Network, the parent of StockNews.com. 

Following its acquisition earlier this year of Wealthpop, formerly known as AMTG, Financial Answers is extending its audience, content, and toolset with the acquisition of Chicago, IL-based Stock News Network. Stock News Network, which operates StockNews.com, has grown its revenue by more than 275% annually since being acquired and overhauled in 2019 by Stephen Reitmeister, former GM of Zacks Investment Research. The terms of the deal were not disclosed.

FinancialAnswers.io was launched in April with the mission of building a fintech platform for financial media assets and is led by TIFIN partner and financial media veteran Ian Rosen, formerly CEO of Stocktwits, Inc., Co-founder/CEO of Even Financial, Inc., and General Manager of MarketWatch, Inc. The firm aims to transform the financial media business model through the use of a centralized data lake and widgets to help individuals find advisors and investments best suited for them.

“Through FinancialAnswers, AI and investment intelligence-driven personalization capabilities at TIFIN can reach millions of investors and savers who rely on financial media to find investments and advisors,” said Dr. Vinay Nair, Founder, and CEO at TIFIN. “We are delighted to welcome Steve and StockNews to the TIFIN and Financial Answers family,” he added.

“We are excited to announce our second acquisition at FinancialAnswers.io,” said Ian Rosen, TIFIN partner and CEO of FinancialAnswers.io. “StockNews will complement our strategy of creating better experiences and outcomes for investors through data analysis and capabilities integration. With the capabilities at TIFIN and Financial Answers, we can help StockNews better match its audience of investors to the right investment products,” he added.

“I am excited to be part of TIFIN and Financial Answers to help shape the evolution of financial media. StockNews has witnessed tremendous growth and this partnership will only help accelerate that while helping us bring more value to our audience,” said Stephen Reitmeister, founder of StockNews.com.

 

About TIFIN

TIFIN, also known as THE TIFIN GROUP, is using AI and investment-driven personalization to shape the future of investor experience with a platform of intelligent products that recognize the uniqueness of each investor. Powered by an ecosystem of leaders in finance and technology, TIFIN builds next-gen products by combining investment intelligence, data science, and technology to make investing a more powerful driver of financial well-being.

 

For media inquiries, please contact:

Zito Partners

Deborah Kostroun

[email protected] 

201-403-8185


Sharon French Joins TIFIN as Senior Partner, over 50 ETFs and Mutual Funds Use the Platform to Reach Financial Advisors and Investors

French most recently served as President and CEO of Life & Retirement Funds for AIG; joins TIFIN after being part of its advisory board as asset managers use the platform to shape their distribution strategy in an increasingly digital environment

 

TIFIN, a fintech platform using artificial intelligence and investment-driven personalization to shape the future of investor experiences, today announced that financial industry veteran Sharon French has joined the firm as Senior Partner. She will join the firm’s executive committee as well as spearhead its partnerships with asset managers.

TIFIN also announced the milestone of partnering with over 50 ETFs and Mutual Funds that are now using its subsidiaries to market and distribute to financial advisors and individual investors using its pioneering approach of “Embedded Investments” within WealthTech products and Wealth-as-a-Service APIs.

Ms. French most recently was President and CEO of AIG’s Life & Retirement Funds and oversaw all aspects of their retail asset management business. She was instrumental in orchestrating AIG’s sale of their retirement and retail mutual funds business to Touchstone Investments last month.

“Sharon has been an advisor with TIFIN and we are delighted that she is now joining full-time and becoming part of our executive team,” said Dr. Vinay Nair, founder and CEO of TIFIN. “Across our fintech products, we work with asset managers to help shape their digital distribution strategy, especially in fragmented and growing markets such as with financial advisors and individual investors. With her deep experience in the investment management industry and desire to serve the end-investors, Sharon is uniquely qualified to help us deepen and broaden current and new asset management partnerships.”

Funds using TIFIN’s platform include those offered by firms such as JP Morgan, State Street, DWS, Northern Trust, ProShares, ALPS, New York Life, and Aberdeen Asset Management, with over $2.5 trillion in assets between them across ETFs and mutual funds. TIFIN’s fintech brands, including Magnifi, Clout, Positivly, Totum, PlanIQ, Louise, Financial Answers, and Distill, are being used by financial advisors and individual investors and provide a marketplace for investment managers.

“TIFIN has emerged as an indispensable partner in the investment community, and I have believed in the company’s mission since the very beginning,” said Sharon French, Senior Partner at TIFIN.  “Reaching 50 funds on the platform is a clear sign that the market is ready for digital distribution and content amplification using technology-based solutions like machine-learning and AI.”

Ms. French has held a variety of senior roles during her 35 years in financial services. Prior to joining AIG, she was Executive Vice President, Head of Beta Solutions for OppenheimerFunds where she led the strategy, development and implementation of the firm’s smart beta ETF products and solutions. She also oversaw the firm’s Environmental, Social and Governance (ESG) efforts and served on the firm’s Senior Leadership Team, governing the overall strategic direction of OppenheimerFunds.

Previously, she served as Senior Strategic Advisor to the CEO and President of Investment Management at BNY Mellon and Head of Private Client & Institutions at BlackRock. She spent nearly a decade at AllianceBernstein and held prior roles at mPower, Smith Barney and Chase Manhattan Bank.

Ms. French was named “Most Notable Women in Finance” by Crain’s New York in 2019. She is a Board Member for DHB Capital and is a Board Member for Women in ETFs; serves on the Board of Wake Forest University School of Business, and is a member of the Investment Company Institute’s ETF Governance Committee. She has also recently served on the Dean’s Advisory Council for the University of Delaware Lerner School of Business and as Co-Chair of the ETF and Managed Solutions Committee for the Money Management Institute.

Ms. French received a B.S. in business management from the University of Delaware and earned her Certified Investment Management Analyst designation from the University of Pennsylvania’s Wharton School of Business.

About TIFIN

TIFIN, also known as THE TIFIN GROUP, is using AI and investment-driven personalization to shape the future of investor experience with a platform of intelligent products that recognize the uniqueness of each investor. Powered by an ecosystem of leaders in finance and technology, TIFIN builds next-gen products by combining investment intelligence, data science, and technology to make investing a more powerful driver of financial well-being.

For media inquiries, please contact:

Deborah Kostroun

Zito Partners

201-403-8185

[email protected]


Magnifi by TIFIN brings direct indexing to individual investors and announces managed portfolios based on indexes designed by Morningstar

TIFIN, a fintech platform using artificial intelligence and investment-driven personalization to shape the future of investor experiences, announced today that its subsidiary, Magnifi, the world’s first natural-language-powered (NLP) investment marketplace, now offers portfolios of innovation stocks based on indexes designed by Morningstar, a leading provider of independent investment research, to empower investors with institutional style portfolios but without ETF or mutual fund wrappers that add additional expenses. With this new offering, Magnifi brings direct indexing directly to individual investors and enables a broad group of investors to access the skills of institutional experts.

“Many institutional and sophisticated wealth managers are increasingly adopting an approach where they hold and rebalance stock portfolios based on indexes from the likes of Morningstar and other asset managers directly in their own accounts, saving them expenses and creating the freedom to customize. With this announcement, we are now taking the first steps to bring this capability to all investors. At TIFIN we believe in democratizing intelligence to enable better outcomes for investors and doing so in ways that simplifies and engages,”  said Dr. Vinay Nair, founder, and CEO of TIFIN and co-founder and Chairman of Magnifi. “Magnifi’s combination of language recognition, best match algorithms, comparison calculators, and ability to act is opening a new opportunity to those who want to drive better outcomes with a modern e-commerce experience. These managed portfolios are designed for investors who have a viewpoint about the future of the world but don’t have the time, expertise or access to properly research a basket of individual companies or to manage them on an ongoing basis.”

Thematic exposures investors can access in the initial launch include Digital InfrastructureElectric & Autonomous VehiclesHealthcare InnovationFintechNanotechnology, Robotics, and Big Data.

“TIFIN and Magnifi are pairing advanced technology and the best ideas from Morningstar to bring direct indexing to everyday investors,” said Ron Bundy, president of Morningstar Indexes. “Our innovation-themed indexes built into this solution are based on rigorous research from Morningstar equity analysts and can help Magnifi’s investor clients meet the rising demand for thematic approaches with simplified identification, execution and management of innovation-based investment themes.”

TIFIN announced a strategic investment from Morningstar earlier this year to fuel the growth of its fintech platform, enabling wealth and asset managers to meet the rising demand for personalized investor experiences.

For more information about Magnifi or to open an account, please visit https://magnifi.com.

About TIFIN

TIFIN, also known as THE TIFIN GROUP, is using AI and investment driven personalization to shape the future of investor experience with a platform of intelligent products that recognize the uniqueness of each investor. Powered by an ecosystem of leaders in finance and technology, TIFIN builds next-gen products by combining investment intelligence, data science, and technology to make investing a more powerful driver of financial wellbeing.

About Magnifi

Magnifi is a financial search and ecommerce platform that is changing the way people shop for investments. The world’s first semantic search engine for finance, the platform helps financial advisors, portfolio managers, and everyday investors find, compare, and act on investment options. In an era with thousands of ETFs, mutual funds, stocks, and model portfolios to choose from, Magnifi demystifies and simplifies investing, providing insights and information that save time and help investors make smarter decisions. Learn more at www.magnifi.com

Contact:
Deborah Kostroun
[email protected]  
201.403.8185


Magnifi

TIFIN Announces Magnifi Reaches 10 Million Search Results and Adds Direct Brokerage Capabilities to its Natural-Language-Powered Investment Marketplace; Cathie Wood joins TIFIN's Board of Directors

TIFIN, a fintech platform shaping the future of investor experiences, announced today that its subsidiary, Magnifi, the world’s first natural-language-powered (NLP) investment marketplace has reached 10 million searches and introduced brokerage services that allow its users to invest without any direct commissions. Magnifi is also announcing that it does not resell order flow for any indirect charges to its users and aims to become the platform for investors, not traders.

TIFIN also announced that Cathie Wood, the CEO of ARK Investment Management LLC (“ARK”), will be joining the TIFIN Board of Directors.

“I am excited to be involved with Vinay and the entire TIFIN team. I believe TIFIN is helping guide the asset and wealth management industry through the shift towards end-investor needs, preferences, and demands,” said Wood. “I look forward to continuing that journey as a board member now.”

“We are delighted to welcome Cathie to our Board. From the beginning, she saw the potential fintech has to serve investors,” said Dr. Vinay Nair, founder and CEO of TIFIN and the co-founder and Chairman of Magnifi. “An example of this new frontier is Magnifi, which we believe can revolutionize the shopping experience in the world of investments. We hope to be the platform for investors who want to discover, compare, and invest, and to be the conduit that democratizes intelligence and enables better investment outcomes for a broad audience.”

Magnifi also has its sights on disrupting the traditional brokerage business model that often drives users to trade with short time horizons, by encouraging them to become investors with longer horizons.

Magnifi’s proprietary technology is built on the foundation of semantics and investment intelligence making it easy for both amateur and seasoned investors to find, compare and act on investment options. In an era with thousands of ETFs, mutual funds, stocks, and model portfolios to choose from, Magnifi demystifies and simplifies investing, providing insights and information that enable users to make investment decisions in areas that they understand and find relevant and interesting.

“We’ve seen a dramatic increase in searches and overall traffic on our site, going from a million searches just four months ago to a total of ten million today,” said Erez Yereslove, Chief Marketing Officer of Magnifi who joined Magnifi after stints at marketplaces such as eBay and eHarmony.  “Now – with the addition of direct investing — we can help and support investors at every step of their journey to unlock new opportunities not available to them before based on AI-powered meaningful, informative and knowledgeable decisions.”

For more information about Magnifi or to open an account, please visit https://magnifi.com.

About Magnifi

Magnifi is a financial search and ecommerce platform that is changing the way people shop for investments. The world’s first semantic search engine for finance, the platform helps financial advisors, portfolio managers, and everyday investors find, compare, and act on investment options. In an era with thousands of ETFs, mutual funds, stocks, and model portfolios to choose from, Magnifi demystifies and simplifies investing, providing insights and information that save time and help investors make smarter decisions. Learn more at www.magnifi.com

About TIFIN

TIFIN, also known as THE TIFIN GROUP, is shaping the future of investor experience with a platform of intelligent products that recognize the uniqueness of each investor. Powered by an ecosystem of leaders in finance and technology, TIFIN builds next-gen products by combining investment intelligence, data science, and technology to make investing a more powerful driver of financial wellbeing.

About ARK Investment Management LLC (“ARK Invest”)

Headquartered in New York City, ARK Investment Management LLC is a federally registered investment adviser and privately held investment firm with $74 billion assets under management as of March 31, 2021. Specializing in thematic investing in disruptive innovation, the firm is rooted in over 40 years of experience in identifying and investing in innovations that should change the way the world works. Through its open research process, ARK identifies companies that it believes are leading and benefiting from cross-sector innovations such as robotics, energy storage, DNA sequencing, artificial intelligence, and blockchain technology. ARK’s investment strategies include: Autonomous Technology and Robotics, Next Generation Internet, Genomic Revolution, Fintech Innovation, Space Exploration, 3D Printing, Israel Innovative Technology, and the overall ARK Disruptive Innovation Strategy. For more information about ARK, its offerings, and original research, please visit www.ark-invest.com.

MEDIA CONTACTS:

TIFIN/Magnifi:
Deborah Kostroun
[email protected]  
201.403.8185

ARK Invest:
Lisa Marie Dodd
[email protected]  
646.668.4140

SOURCE Magnifi; TIFIN


Broadridge to Distribute TIFIN's Suite of Wealth Management Solutions, Accelerating Growth for Financial Advisors

Follows Broadridge’s investment in TIFIN’s Series B round in April

 

To better help financial advisors and wealth management clients accelerate growth, Broadridge Financial Solutions (NYSE: BR), a global Fintech leader, and TIFIN, today announced that Broadridge will integrate and distribute a broad range of TIFIN’s Fintech wealth solutions that enable advisors to create hyper-personalized solutions for their clients. The distribution agreement follows Broadridge’s April 2021 strategic investment in TIFIN, along with J.P. Morgan Asset Management and Morningstar.

“Integrating and distributing TIFIN products on the Broadridge Wealth Platform will enable advisors to deepen client relationships via personalization of service and to improve financial outcomes,” said Mike Alexander, President of Wealth Management at Broadridge. “TIFIN products have repeatedly demonstrated the ability to bring unique and innovative solutions to market rapidly, and we are excited to offer our clients the opportunity to leverage these solutions both as part of our core wealth offerings and best-in-class fintech solutions.”

Broadridge will integrate with and provide distribution for TIFIN solutions including PositivlyMagnifiLouise, and Totum, each of which addresses friction in the wealth tech industry. The first product to be distributed through Broadridge is Positivly, an advice personalization platform that enables advisors to tailor proposals and portfolios to each client’s unique and holistic financial personality.  Advisors will benefit from accelerated practice growth, as they attract and retain more investors who value personalization, instead of one-size-fits-all portfolios. Positivly will be available alongside Broadridge’s premium digital marketing offering including websites and personalized digital content.

“We are excited for this strategic partnership with Broadridge and its next-generation front-to-back industry wealth platform as it helps wealth managers grow their businesses through personalization,” said Dr. Vinay Nair, Founder, Chairman and CEO of TIFIN “Broadridge has the scale of distribution and complementary wealth offerings to further our core mission at TIFIN — make investing a more meaningful and relevant component of millions of individuals’ financial well-being.”

TIFIN’s twelve fintech operating companies are all inspired to deliver better portfolio outcomes through a more personalized experience for investors, while accelerating organic growth for advisors and asset managers.  TIFIN’s innovation capabilities are centered around proven science, investment management, software, and algo technology. This combination of “fin” and “tech” is used to seamlessly allow greater asset flow for asset managers and higher organic growth for financial advisors.

Additional integrated offerings are planned with products that leverage Broadridge’s proprietary technologies in artificial intelligence, marketing content and holistic client centric data aggregation.

About TIFIN

TIFIN, also known as THE TIFIN GROUP, is shaping the future of investor experience with a platform of intelligent products that recognize the uniqueness of each investor. Powered by an ecosystem of leaders in finance and technology, TIFIN builds next-gen products by combining investment intelligence, data science, and technology to make investing a more powerful driver of financial wellbeing.

About Broadridge

Broadridge Financial Solutions (NYSE: BR), a global Fintech leader with over $4.5 billion in revenues, provides the critical infrastructure that powers investing, corporate governance, and communications to enable better financial lives. We deliver technology-driven solutions to banks, broker-dealers, asset and wealth managers and public companies. Broadridge’s infrastructure serves as a global communications hub enabling corporate governance by linking thousands of public companies and mutual funds to tens of millions of individual and institutional investors around the world. In addition, Broadridge’s technology and operations platforms underpin the daily trading of on average more than U.S. $10 trillion of equities, fixed income and other securities globally. A certified Great Place to Work®, Broadridge is a part of the S&P 500® Index, employing over 12,000 associates in 21 countries.

For more information about us and what we can do for you, please visit www.broadridge.com.

Investors:

W. Edings Thibault
Head of Investor Relations, Broadridge
+1 516-472-5129
[email protected]

Media Contacts:

TIFIN:
Deborah Kostroun
[email protected]
201.403.8185

Broadridge:
Tina Wadhwa
Corporate Communications, Broadridge
+1 212-973-6164
[email protected]

SOURCE TIFIN

Related Links

https://tifin.com/


The TIFIN Group is now TIFIN

We are thrilled to share the next step in our evolution as we move away from our legacy as a fintech studio to a fully integrated platform. Today we have updated our branding to remove the “Group” reference and we will now be known simply as TIFIN.