d1g1t, a Toronto-based wealth management firm, has completed a C$9m ($6.8m) Series A funding round led by Purpose Financial.

Purpose, backed by the Ontario Municipal Pension Retirement System (OMERS), is also a client of d1g1t. The firm’s purpose advisory solutions platform has been working with the d1g1t for the past one year.

Purpose CEO Som Seif said: “Advisers and business leaders can now manage their business real-time through business intelligence and continuity reports, advisers can focus on value-added activities, and their families and clients can get full transparency through an integrated client experience and modern reporting.”

Extreme Venture Partners and Portag3, alongside a group of angel investors and clients also joined in the new funding round.

With the new capital, the firm plans to expand its cloud-based enterprise digital wealth management platform.

The platform is designed to offer portfolio management services to advisers and their clients leveraging analytics and risk management tools.

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Currently, the platform has been deployed by four unnamed clients. These clients oversee around C$13bn in assets for over 5,000 households.

d1g1t co-founder and CEO Dan Rosen said: “We have engineered our platform to empower advisers to provide proven, transparent, value-added services built around client goals, a richer customised experience for their clients, and stronger client relationships based on long-term trust.”