Fintech Luminaries – Meet Niharika Shah of Clout
Digital Wealth News is pleased to bring you our “Fintech Luminaries” series – featuring thought leaders within the digital wealth and blockchain ecosystems. For the next feature in this series, we’d like you to meet Niharika Shah of Clout, a growth marketing fintech platform that leverages AI powered-content activated on digital and social media to enhance outcomes for investors, their advisors, and asset managers.
Tifin Group Raises $22.3M Series B To Incubate AdvisorTech Innovation.
This month’s edition kicks off with the big news that Tifin Group has raised $22M in Series B capital, shortly off the heels of its acquisition of Totum Risk and MyFinancialAnswers and its sale of 55IP to JP Morgan, in an ongoing effort to acquire smaller AdvisorTech companies, add both capital and additional developer resources, and try to incubate them to the next level of success in a world where most AdvisorTech solutions start out as undercapitalized “homegrown” solutions from advisors themselves.
Magnifi to Introduce New Technology to Discover Investments in Collaboration with the New York Stock Exchange
Magnifi, a TIFIN GROUP company, and the world’s first natural-language powered investment marketplace announced today the deployment of its interactive search technology in collaboration with the New York Stock Exchange (NYSE), the world’s largest stock exchange. With the Investment Portal, investors can now access Magnifi’s natural language-based search wherever they find content related to investing, using it to discover NYSE-listed ETFs that meet any of their investment needs or preferences in a way not possible before.
THE TIFIN GROUP Closes Series B Round with J.P. Morgan, Morningstar & Broadridge as Strategic Partners
Series B raises an additional $22.3 million to fund platform expansion and further the mission of reshaping investment experiences; comes on the heels of J.P. Morgan’s acquisition of its operating company, 55ip, and a series A of $22 million in Q4 2020.
Wealth management needs more female advisers | Dr. Vinay Nair
According to the Bureau of Labor Statistics, 31% of financial advisers are women, but this number appears high based on my anecdotal observations. An estimate by Barron’s that 20% of financial advisers are women and the CFP Board’s estimate that 23% of certified financial planners are women are perhaps more realistic.
Among the larger financial advisers, these numbers drop even lower. Only 12% of Barron’s top 100 advisers are women.
THE TIFIN GROUP Invests in Senior Talent as Part of its Strategic Expansion
THE TIFIN GROUP announced the addition of three senior leaders from the financial services industry as operating partners. These hires include: Ian Rosen, Steven Schraibman, and
Erez Yereslove.
THE TIFIN GROUP Announces Acquisitions in Risk Profiling and Financial Planning to Further Expand Their Fintech Platform
THE TIFIN GROUP, a holding company with nine fintech companies for the asset and the wealth management industry, today announced the acquisitions of a risk profiling company, Totum Risk and a personal financial planning offering, myFinancialAnswers. TIFIN acquired the assets of both these companies to accelerate the launch of its own risk and financial planning solutions.
ESG Investors are Different. The Industry Needs to Approach Them Differently | Dr. Vinay Nair
Personality tests and self-analysis have stood the test of time. From today’s Myers-Briggs indicators all the way back to the early Greeks, who explored approaches to psychometric measurements based on how our bodily fluids, or “humors,” affected personal traits, personality has long been known as a powerful force in determining our behavior.
However, one area where this work has seen little progress is in investing.
The growth of ESG investing has further exposed the shortcomings of this approach.
J.P. Morgan Asset Management agrees to acquire 55ip – a pioneer in delivering tax-smart investment strategies through model portfolios
J.P. Morgan Asset Management today announced that it has entered into a definitive agreement to acquire 55ip, a financial technology company with proprietary capabilities empowering financial advisors to deliver tax-smart investment strategies at scale. The company will continue to operate as a separate entity, under its own brand, with the full support of J.P. Morgan and remains committed to serving its existing clients and enterprise partners. The terms of the deal were not disclosed.
Magnifi Featured On CNBC Squawk Box
How search engine Magnifi is helping investors shop for investments
Vinay Nair, Magnifi founder, and former Wharton professor, joins ‘Squawk Box’ to discuss how search engine Magnifi helps investors search for investment vehicles and some of the search trends he’s seen.