National Bank of Canada has signed multiple agreements with robo-adviser Nest Wealth that includes a strategic minority investment of $6m in Nest Wealth by the banking group.

The agreements also include a commercial agreement between the two companies, which will see National Bank employing Nest Wealth’s advanced investment technology to enhance its internal digital platforms.

National Bank Financial co-president and co-CEO Martin Gagnon said: “It is a great pleasure to partner with Nest Wealth, a top Canadian fintech company renowned for its innovation and ability to offer exceptional digital platform experiences.

“Our objective at National Bank is clear: to augment and complement our present platforms, thereby equipping our advisors with an additional working tool that will take our investment offer to the next level. With this agreement, National Bank is increasing its digital services to end-clients, while continuing to emphasize the importance and value of financial advising relationships. We are very proud of that.”

Nest Wealth founder and CEO Randy Cass said: “At Nest Wealth we know that digital wealth platforms can be a game-changer for millions of Canadians who are working hard to save and accumulate wealth. National Bank shares our singular focus on making the end-investor better off and we are excited to work with this great institution to expand the reach of Nest Wealth Pro and our other industry-leading wealth management solutions.”

The transaction is subject to regulatory approval.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.