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Fundment Secures Funding for Growth
In a groundbreaking move, Fundment, a cutting-edge tech platform dedicated to simplifying administrative processes for financial advisers, has recently secured an impressive £45 million in Series C funding. The primary investor spearheading this transformative capital infusion is the esteemed Highland Europe, with additional support from ETFS Capital. This substantial financial boost is earmarked for pivotal initiatives such as enhancing product development, expanding the team roster, and driving international reach.
A Growing Need in the Financial Landscape
The realm of financial advising is undergoing a significant evolution as a staggering £5.5 trillion worth of assets are projected to transition ownership within the United Kingdom over the next three decades alone. Globally, this figure escalates to approximately $68 trillion. Against this backdrop of generational wealth transfer and increasingly complex financial landscapes, Fundment emerges as a beacon of innovation and efficiency.
Empowering Financial Advisers Amidst Challenges
Financial advisers today grapple with mounting expectations to deliver personalized and timely services amidst regulatory constraints and intricate operational demands. Fundment’s proprietary technology serves as a game-changer by offering integrated core platform services alongside sophisticated back-office tools and discretionary investment management solutions. Noteworthy features include secure portals that empower advisers in efficient monitoring and execution of investment strategies.
The All-Inclusive Solution: Fundment’s Technological Edge
Fundamentally differentiating itself from conventional financial advisory infrastructure marred by disjointed systems, Fundment presents a unified platform that streamlines operations while ensuring seamless integration across various facets of financial advising. By enabling firms to harness tax wrappers effectively and craft customized APIs tailored to their unique needs, Fundment paves the way for automated processes that remain compliant with stringent regulations.
Pioneering Partnerships Drive Success
Collaborations with industry stalwarts such as Legal & General, BlackRock, and HSBC underscore Fundment’s growing influence within the financial advisory landscape. Incorporating an extensive array of investment vehicles ranging from OEICs and Unit Trusts to Investment Trusts and ETFs reflects the platform’s commitment to providing comprehensive solutions tailored for diverse client requirements.
Voices from Within: Founders’ Perspectives
Ad Ola Abdul, the visionary founder and CEO behind Fundment’s meteoric rise shares his insights on this recent milestone: “Financial advice is a heavily regulated space…building…a financial advice firm’s every need.” These sentiments encapsulate Fundment’s unwavering dedication towards empowering advisers through technological prowess.
Gajan Rajanathan from Highland Europe echoes this sentiment affirming: “We are thrilled to be backing Ola…deep domain expertise in asset management.” This partnership underscores shared commitment towards reshaping how modern technology intersects with traditional finance realms.
Through its relentless pursuit of innovation coupled with strategic collaborations like those forged with Highland Europe et al., Fundament stands poised at the vanguard of revolutionizing how bespoke financial services are delivered in an era defined by complexity yet brimming with opportunities.
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