New York, USA-based the cutting-edge AI-powered organic growth platform for Financial Advisors, Wealtfeed closed a USD 2 million funding round. The round took place on March 12, 2024. Thicket Ventures and executives from the Registered Investment Advisor (RIA), Investment Banking and Private Equity sectors joined in the financing.
As a part of the deal, Justin Wisz and Joe Jolson will join WealthFeed’s Board of Directors.
Purpose of financing for Wealthfeed
With the latest financing, Wealthfeed seeks to further enhance its use of predictive analytics and artificial intelligence to assist Financial Advisors in expanding their market footprint.
It also has plans to fuel its platform’s growth initiatives.
What the company’s official has to add
WealthFeed’s Co-Founder and CEO, Sam Kendree, said, “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.”
He further added, “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,” comments Kendree. “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.”
About the company
With over 1,700 real estate and financial services clients under its belt, WealthFeed is a financial services spin-off of Catalyze AI. It offers an AI-powered Money-in-Motion platform that enables Financial Advisors to expand their clientele, retain more clients, and increase wallet share with existing clients. With its dynamic money-in-motion prospect database, the platform gives advisors powerful filtering options to quickly find high-converting prospects. Advisors may prioritize and convert prospects more quickly by adding financial data, contact details, and other valuable insights to their existing client or prospect database using the WealthFeed platform. Finally, the AI-powered platform improves customer retention and asset aggregation prospects by giving Advisors real-time warnings of money-in-motion occurring within their present clientele.
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