Fig Investments unveils veteran wealth manager David Schaffner as new strategic advisor

Volatility Labs Inc. (Fig Investments) has announced the addition of David Schaffner, CFA, as their strategic advisor.

Volatility Labs Inc. (Fig Investments) has announced the addition of David Schaffner, CFA, as their strategic advisor.

In this new role, Schaffner, a seasoned wealth management executive, will provide essential guidance, leveraging his extensive expertise to support Fig Investments in its journey to democratise the structured products market.

Schaffner is a wealth management veteran with an illustrious career spanning several decades. He served as the President and CEO of Leith Wheeler Investment Counsel for 15 years, during which the firm’s assets under management surged from $4bn to $13bn.

In his most recent role, as President and CEO of CWB Wealth Management, he played a pivotal role in establishing the wealth management division of Canadian Western Bank. His extensive experience and strategic acumen make him a valuable addition to Fig Investments.

Fig Investments, founded by Guanzhi Ma, CFA, and Tony Qian in Edmonton, Alberta, in 2022, is a pioneering player in the financial technology sector. The company combines deep industry knowledge in fixed income portfolio management and hyper-scale software engineering to deliver innovative solutions.

With a strong focus on transparency and regulatory compliance, Fig Investments is on a mission to reshape the structured products market, offering unprecedented opportunities for investors and institutions worldwide.

The firm’s groundbreaking solution aims to introduce transparency and inclusivity to the trillion-dollar structured note market, which is currently dominated by traditional investment banks. Through their user-friendly software platform, investors can easily customise, trade, and monitor structured notes, making the process as straightforward as trading other financial instruments like stocks or ETFs.

Guanzhi Ma & Tony Qian, co-founders of Fig Investments, said, “We are extremely excited to work with David as the Company’s strategic advisor. We’re looking forward to leveraging his tenured strategic and business acumen to help us scale Fig’s structured products platform to the next level. We are humbled to get his support as we move forward with our mission to democratise structured products for investors across the world.

David Schaffner, strategic advisor at Fig Investments, said, “I’ve always been bothered by the typical structured notes offered by banks. Most investors who are sold a structured note don’t know what it is and how it works. Through Fig’s software platform, investors will not only gain more transparency to this product and its fees, they will also learn the mechanism of how it works. This platform is a good thing for the financial industry. It’s a good thing for consumers.”

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