WealthFeed, a pioneering AI-powered organic growth platform for financial advisors, has announced the closure of a $2m funding round which is set to help drive the platform’s growth initiatives.
The capital injection is poised to enable WealthFeed to further enhance its use of predictive analytics and artificial intelligence to assist financial advisors in expanding their market footprint. This will be achieved by launching its direct-to-advisor AI-powered money-in-motion platform.
The offering offers a dynamic money-in-motion prospect database, allowing Advisors to identify high-converting prospects in real-time. Additionally, it enriches client databases with financial data and provides real-time alerts of money-in-motion activities within their client base, boosting retention and asset aggregation opportunities.
The investment includes strategic backing from Thicket Ventures and executives from the Registered Investment Advisor (RIA), Investment Banking, and Private Equity sectors. Notably, Justin Wisz and Joe Jolson will join WealthFeed’s Board of Directors as part of the deal.
Commenting enthusiastically on the announcement, WealthFeed’s co-founder and CEO, Sam Kendree, claimed that the tranche demonstrated the faith that investors had in WealthFeed’s unique offering.
“The trust demonstrated by our investors validates the exciting potential of our WealthFeed platform. This funding milestone fuels our mission to equip advisors and enterprises with a platform that harnesses the power of artificial intelligence and big data to help grow their book of business, increase client retention, and grow wallet-share with current clients.
“Everyone in wealth management recognises that ‘money-in-motion’ sparks asset gathering opportunities, yet historically, no scalable means existed for capturing these moments. WealthFeed solves this by leveraging advanced analytics and AI to empower advisors to not only identify high-converting prospects experiencing liquidity events in real time, but also enrich their current contacts with valuable information and monitor existing opportunities within their book of business.
“This capital round gets us one step closer to providing every advisor with a toolkit of solutions to help solve organic growth problems that have existed for decades. We set out to democratise AI and big data within the financial advisory space, from the one-person IBD shops to the national RIAs, enabling them with an easy-to-use application that promotes relevant financial advice and the creation of life-shaping connections,” added Kendree.
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