Advisory & Brokerage

One of the most potentially longstanding trends to emerge over the past year is hybrid working, with the working model expected to persist as the workforce becomes more accustomed to the work-life balance it offers them.

In wealth management, prioritising client service is the only way for establishing a long-lasting relationship. And wealth managers must leverage intelligent technology to provide a more efficient customer experience and gain their client’s trust.

Investment analytics platform Aumni has closed its Series B round on $50m to help it increase its customer base.

Equity management solution Carta has been valued at $7.4bn, following the close of a $500m Series G round.

UK WealthTech firm abrdn has concluded a deal to acquire Exo Investing from FinTech firm Nucoro for an undisclosed fee.

Mercury, a San Francisco-based digital banking outfit targeting startups, has raised $120m at a $1.62bn valuation in a Series B funding round.

iCapital Network, which is helping to drive access and efficiency within the alternative investment sector, has received $440m in funding to hit a $4bn valuation.

Financial institutions are not as nimble as FinTechs, but that doesn’t mean they cannot offer their own digital services. The answer is integrating technology stacks designed by specialised companies, that enables the financial institution to easily implement a range of digital investing propositions.

British digital bank Starling has acquired specialist buy-to-let mortgage lender Fleet Mortgages in a £50m cash and share deal.

SIMON Markets, which claims to be transforming digital wealth management, has secured $100m in the first batch of a strategic financing round.