Practifi Selected for WealthTech100’s 2020 Pioneering Companies Transforming the Global Investment and Banking Industries
CHICAGO | April 28, 2020
Practifi, a business management platform for financial advisors, family offices, and wealth firms, announced today it has been selected for the 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, the WealthTech industry is experiencing enormous growth with total funding to the sector at a CAGR of 40.7% from $2.8b in 2016 to over $7.8bn at the end of last year.
“Established investment firms, private banks and advisors need to be aware of the latest innovation in order to remain competitive in the current market, which is heavily focused on digital distribution and transformation initiatives,” said Richard Sachar, director of FinTech Global. “The WealthTech100 list helps them do just that and identify new business models which will have lasting impact on the industry.”
To identify the leading 100 WealthTech companies in the world, a panel of analysts and industry experts voted from a list of over 1,200 companies produced by FinTech Global.
“Practifi is tremendously proud to be recognized as a leading technology provider on the WealthTech 100 list,” said Glenn Elliott, Practifi chief executive officer and co-founder. “Driven by our passion for the client experience, we’ve created a collaborative platform that connects the tools needed to drive efficient operations so advisors can concentrate on their clients,” 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.
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