✅ Broadridge To Distribute TIFIN’s Suite Of Wealth Management Solutions, Accelerating Growth For Financial Advisors
Our first digest takes a look at how Broadridge will integrate and distribute a broad range of TIFIN’s Fintech solutions. This partnership is aimed at helping financial advisors and wealth management clients accelerate growth. The distribution agreement follows Broadridge’s April 2021 strategic investment in TIFIN along with J.P. Morgan Asset Management and Morningstar. Mike Alexander, President of Wealth Management at Broadridge, recently spoke on the new partnership. He praised TIFIN products, saying they have repeatedly demonstrated the ability to bring unique and innovative solutions to market rapidly. Broadridge will integrate with and provide distribution for TIFIN solutions including Positivly , Magnifi, Louise, and Totum. Among these products, Positivly – an advice personalization platform, will be the first to be distributed through Broadridge. Dr. Vinay Nair, the founder, chairman, and CEO of TIFIN expressed his excitement for this new strategic partnership. He said Broadridge has the scale of distribution and complementary wealth offerings to further the core mission at TIFIN. At its core, TIFIN uses its technology stack to allow greater asset flow for asset managers and higher organic growth for financial advisors.
✅ Wealthtech App Hugo Bags $2 Million In Seed Funding
For our second digest, a Singaporean digital wealth and savings app gain momentum by bagging a $2 million USD seed funding round. The company, called Hugo, announced that it has raised the funds from 1982 Ventures, prominent family offices, and angel investors. With these new funds, Hugo said that it will launch more features to help consumers optimise their budgeting, savings, and investing habits. David Fergusson, the CEO and Co-Founder of Hugo, recently spoke on their recent funding round. He says money is the biggest cause of stress and Covid-19 has only reinforced how financially unprepared most people are. In addition to that, he says that the team at Hugo is excited to introduce the company at a time when financial wellbeing has become so relevant. One of the unique features that Hugo boasts of is called the Gold Vault, which makes investing in gold easy for all. With these features, Hugo customers will be able to buy or sell gold for as low as S$0.01. Hugo’s Gold Vault is backed by physical gold stored in an accredited London Bullion Market Association and insured by Lloyds of London. Because of this, investors and savers will be given the same protections as large hedge funds and private banks. With that information, it is easy to see why Hugo was able to attract so much funding — ease of use when building a portfolio is very important.