Broadhaven has made an investment in Wealth Technologies (WealthTech), a provider of algorithmic financial planning and advice.
“WealthTech has made conceptual breakthroughs in providing financial advice to large, diverse segments of the population,” says Greg Phillips, Co-Founder of Broadhaven and WealthTech investor. “Their highly experienced and accomplished team has developed intelligent, algorithmic solutions that address both the scalability and economics of the business model that could profoundly impact how personal financial services will be delivered in the future.”
Since its founding in 2016, WealthTech has developed the technology to generate professional financial planning and advice for individuals regardless of their level of wealth, and solutions to deliver this advice in a timely manner through both mobile applications and human-advised businesses. WealthTech’s flagship product, fGPS (Financial Goal Positioning System), is a comprehensive system that generates turn-by-turn advice and decision support with respect to cash flow, asset allocation, and investment risk, all in the context of financial goals. In 2018, WealthTech also launched the Customised Investment Manager (CIM), a set of trading tools designed to help investment advisors customise and automate the delivery of their products. In less than a year since its release, CIM is helping one partner to provide monthly guidance to over 200,000 individuals.
“Broadhaven’s unique network and perspectives on the future of financial services are a significant and welcome addition to our team’s expertise as we look to build customer networks and partner with product providers to scale our business,” says Rohit D’Souza, co-founder of WealthTech.
