PE Tech Report

Wealth

Latest Odysseus investment focuses on German AI financial adviser firm

Odysseus Investments, the private equity arm of Reech Corporations Group, recently announced a significant investment in Whitebox Services AG, an independent financial advisory firm using advanced Artificial Intelligence (AI) technology to offer tailor-made investment services to retail clients. The investment makes Odysseus the largest external investor in the company. Christophe

Adam Stern, PPB Capital

US RIAs struggle to manage private alternative investments, says survey

A survey of US RIAs by PPB Capital Partners has found that while firms are encouraged to provide customised alternative investment solutions for high net-worth clients, such funds prove unwieldy and expensive to operate.  Among respondents, 62 per cent described operating private illiquid funds in their wealth management practice as

Colnvestor Connect adds private equity funds to offering

CoInvestor Connect, CoInvestor’s alternative asset investment platform for sophisticated private investors, has expanded its offering with the addition of private equity funds to the platform. CoInvestor has continually strengthened its offering since its inception in 2016, transforming the management of alternative assets by digitising this traditionally offline, paper-based asset class.

Scalable Capital to offer UK-based BlackRock employees access to digital wealth management

Scalable Capital is offering BlackRock employees in the UK streamlined access to its technology-driven investment management service. This agreement follows BlackRock’s strategic investment in Scalable Capital earlier this year, which brought the company’s total funding to EUR41 million.   This is one of many recent agreements that Scalable Capital has

Netwealth raises a further GBP10.2m of capital

Online discretionary wealth manager Netwealth Investments Limited, has completed a second round of capital subscription, raising and additional GBP10.02 million. Some 13 new investors joined the 28 angels who provided initial capital of GBP6.57 million pre-launch, resulting in total funds raised to date of GBP16.6 million.   Charlotte Ransom, Chief

Octopus offers first ISA wrapper for VCT investment

Octopus Investments is enabling people to invest in VCTs for the first time through their ISA. The move comes as Octopus announces the launch of the latest fundraise for its Titan Venture Capital Trust (Titan), the largest VCT in the UK, with a record-breaking target of GBP120 million with the

Why I abhor poor active management

Peter Elston, CIO, Seneca Investment Management, says too many people have retirement savings invested in poor products… I abhor poor active management because there are so many people whose retirement savings have been invested in poor products; because it has given the active management industry a bad name; and because

P2P platform DoFinance launches

Latvia-based Alfa Finance Group has invested EUR2 million in launching a new peer-to-peer lending platform, DoFinance. Available in all EU and EEA countries, DoFinance is a P2P platform for private individuals to invest in consumer loans without any intermediaries, with access to investments at any time.   With the total

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