Fintech firm WealthAi has partnered with investment manager Stratiphy to offer managed portfolio strategies through its wealth management platform.
The partnership will make Stratiphy’s managed portfolio services available directly to firms using WealthAi’s operating system, which is designed for wealth managers and family offices.
The deal aims to address pressure on asset managers to modernise their technology systems while reducing operational complexity.
Jason Nabi, co-founder and chief executive of WealthAi, said: “External asset managers and family offices are increasingly looking at how AI can help deliver better investment performance and more personalised portfolios.
“The challenge is doing this while managing rising operational and technology costs.
“By working with managed portfolio service providers like Stratiphy and bringing these capabilities together on a single platform, WealthAi makes it far easier for firms to run integrated portfolio management, compliance, reporting and custody systems without the fragmented platforms and heavy manual processes that many firms struggle with today.”
The move comes as part of WealthAi’s vision to create a fully integrated operating system for modern wealth firms.
Daniel Gold, founder and chief executive of Stratiphy, who spoke to FT Adviser in October, said: “For years, innovation in wealth management has largely focused on reducing costs through exchange-traded funds and model portfolios.
“The next wave will centre on personalisation. WealthAI’s vision to use modern techniques such as AI and automation to serve the traditional wealth management industry aligns strongly with our own approach at Stratiphy.
“They are on an exciting trajectory with their recent injection of capital plus customer traction – the opportunities in this space are vast and we have found the perfect partner to realise them.”
hereward.mills@ft.com
