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.

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.”