• Nest Wealth

  Led · Equity · Aug 2015

  Founded in 2014, Nest Wealth is a Toronto-based digital wealth management platform whose core product, Nest Wealth Pro, supplies traditional advisors and their firms with robo-advisor technology. The platform enables digital onboarding, collects know-your-client and risk-profile information, and automates portfolio creation and monitoring. Last year the company acquired Razor Logic Systems, maker of Canadian financial planning software RazorPlan. Nest Wealth says it remains majority controlled by employees and management and will continue operating as an independent FinTech. The company has an existing commercial relationship with National Bank and plans to deepen that partnership to accelerate digital initiatives for portfolio managers and retail banking clients. The recent capital injection supports those plans and the company’s continued product development and commercial expansion. Nest Wealth Asset Management Inc. is a Toronto, Canada-based online automated financial advisor. Led by founder and CEO Randy Cass, the company leverages technology to create customized portfolios based on clients' financial situations, goals and risk tolerance. Clients’ funds are invested in low-cost exchange-traded funds (ETFs), and Nest Wealth monitors and rebalances individual portfolios back to the original asset allocation as markets fluctuate. The advisor charges a flat monthly fee for its services. The company raised $1.5M in funding and intends to use the proceeds to bring its solution to more Canadians.

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