WealthFeed – an AI-based organic growth platform for Financial Advisors – announces the successful closing of a $2 million funding round. The strategic investors in this round include Thicket Ventures and executives from the Registered Investment Advisor (RIA), investment banking, and private equity industries. In connection with the funding round, Justin Wisz and Joe Jolson are joining WealthFeed’s Board of Directors.
The funding round reflects the tractions in WealthFeed’s distinctive value proposition and it will drive the platform’s growth initiatives, enhancing its use of predictive analytics and AI to assist Financial Advisors in expanding their market footprint.
WealthFeed is the financial services spin-off of Catalyze AI, which served over 1,700 real estate and financial services customers and provided an AI-powered Money-in-Motion platform enabling Financial Advisors to grow their book of business, improve client retention, and grow wallet-share with current clients.
This platform provides advisors extensive filtering capabilities to identify high-converting prospects in real time. The WealthFeed platform also enables advisors to enrich the current client/prospect database with financial data, contact details, and other useful insights. This saves them a lot of time and helps convert prospects at higher rates. Plus, the platform sends Advisors real-time alerts of money-in-motion happening within their current client base, enhancing client retention and asset aggregation opportunities.
KEY QUOTES:
“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 recognizes 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 democratize 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.”
– WealthFeed’s Co-Founder and CEO, Sam Kendree
