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June 22, 2022

SmartRIA secures strategic backing from Ritholtz Wealth’s VC fund

SmartRIA , a compliance software platform for registered investment advisers (RIAs), hybrid RIAs and RIA networks, has secured an undisclosed strategic investment from Ritholtz Wealth Management ’s (RWM) venture capital fund The Compound Capital Fund I.

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Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

As part of the partnership, RWM will combine its investment management capabilities with SmartRIA’s compliance technology to drive innovation in the wealth management industry.

SmartRIA CEO Mac Bartine said: “We are thrilled to be working with such a well-respected industry leader.

“This new partnership with Ritholtz Wealth Management helps SmartRIA reach new heights as demand for scalable compliance solutions is accelerating and showing no signs of slowing down. It pushes our flywheel faster, allowing us to achieve our ultimate goal: to be the best at simplifying wealth management compliance.”

The Compound Capital Fund I invests directly in technology companies serving RIAs. It is managed by AngelList Advisors and sub-advised by RWM.

RWM managing partner Michael Batnick is the fund lead for The Compound Capital Fund I.

Commenting on the deal, Batnick said: “By working together, both companies will be able to drive transformational change in the wealth management industry. We’re looking forward to all the exciting applications and results from this partnership.”

Last year, RWM teamed up with WisdomTree to launch a new crypto index to provide retail investors with access and diversified exposure to cryptoassets.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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