Vanare, a next-generation wealth management technology platform for investment advisors, has acquired NestEgg Wealth, a private-label online wealth management platform.
Using NestEgg’s easily-customized digital advice platform, Vanare will launch first ever technology platform that seamlessly integrates roboadvisor and traditional wealth management solutions.
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Vanare said that it combined platform will enable advisors to seamlessly connect with their clients through the channel that their clients prefer, whether digital or in-person.
As part of the acquisition, NestEgg CEO Alexey Sokolin will join Vanare as a partner and chief operating officer.
Rich Cancro, founder and CEO of Vanare, said: "We are the only institutional-quality platform that combines traditional wealth management services with a native Roboadvisor technology, which distinguishes us from our competitors and makes us the disruptive challenger in an industry that is plagued with outdated systems and legacy issues.
"We are fully integrating all the disconnected wealth management processes into one powerful and scalable platform that focuses on the advisor and client experience," he added.
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