For the second year in a row, Practifi is selected for WealthTech100’s 2021 Pioneering Companies Transforming the Global Investment and Banking Industries.
CHICAGO | JUNE 22, 2021
Practifi, an enterprise business management platform for wealth management firms, announced today it has been selected to FinTech Global’s 2021 WealthTech100 list of innovative technology providers that are transforming the global investment industry. The annual list highlights the world’s most innovative technology solution providers for asset managers, private banks, and financial advisors.
According to FinTech Global, investment in WealthTech companies reached record levels in 2020. Despite the pandemic, annual investment reached $9.3bn, up from $8.2bn in 2019. With $6.6bn already in the books for 2021, growth is looking extremely positive for the industry.
“Established banks and investment firms need to be aware of the latest innovations to remain competitive in the current market, which is heavily focused on digital distribution and increased use of customer data, and even more so post Covid-19.,” said Richard Sachar, director of FinTech Global. “The WealthTech100 list helps senior management filter through all the vendors in the market by highlighting the leading companies in sectors such as client acquisition, financial planning, portfolio management and digital brokerage.”
To identify the leading 100 WealthTech companies in the world, a panel of analysts and industry experts voted from a list of over 1,000 companies produced by FinTech Global.
“We’re very proud to be recognized as a leading technology provider for the industry. Even more so as our second year in a row,” said Glenn Elliott, Practifi chief executive officer and co-founder. “The last year reminded us how crucial the client-advisor relationship is in volatile times. With this in mind, we have a clear vision on how to help every team in an advisory firm elevate the client experience,” added Adrian Johnstone, Practifi chief commercial officer and co-founder.
The WealthTech 100 recognizes solution providers for their innovative use of technology to solve a significant industry problem, generate cost savings or efficiency improvements across the investment value chain. A full list can be found at WealthTech100.com.
More than a CRM, Practifi is a business management platform designed for growing financial advice businesses around the world. Practifi allows financial advisors, family offices and wealth firms to effortlessly manage their client relationships, monitor compliance and automate workflows, all through an elegantly designed interface. RIAs, IBDs & MFOs now have a system to unify their business from client interactions, compliance detail, and sales targets to revenue. Centers-of-influence, partners and providers are also managed with powerful automation and analytics alongside an ecosystem of leading partners. Practifi combines clients’ financial goals, risk profile, cashflow, assets, debt and insurances into a single, integrated view. To learn more, visit practifi.com.