Entrepreneurship | Wealth Stack Roundup: Lead Normal Startup WealthFeed Raises $2M

New York Metropolis-based WealthFeed, an AI-powered lead technology software for advisors, has raised $2 million in funding from Thicket Ventures, based by former Westerly CEO and co-founder Justin Wiz saved it. Executives from the RIA, funding banking and personal fairness sectors have additionally invested, together with Joe Jolson, founding father of JMP Group, and Jim Hagedorn, founding father of Chicago Companions Wealth Advisors, an RIA with $5 billion in AUM.

Wisz, Jolson and Hagedorn will be part of WealthFeed’s board of administrators. Wisz co-founded Vestorly, a content material advertising and marketing engine, which he left in 2018 to hitch enterprise capital agency RTP Ventures. Vestorly was acquired in 2022 by FMG, a advertising and marketing expertise firm for advisors.

WealthFeed is a monetary providers spin-off from Catalyz AI, a lead technology platform for actual property brokers.

Sam Kendry, co-founder of WealthFeed, mentioned the platform makes use of proprietary AI expertise to gather 9 real-time money-in-motion information factors, together with enterprise gross sales, capital positive factors, inheritances and job adjustments. The platform scrapes information from publicly accessible databases, equivalent to SEC filings and LinkedIn notifications, to establish promising prospects.

WealthFeed was launched early final week, and about 50 advisors are at the moment beta testing.

The corporate prices $149 per 30 days per advisor to make use of the expertise. Advertisers on the platform should purchase extra credit added to the usual month-to-month price to unlock extra prospects.

TIFIN Hires BlackRock Exec to Lead CIO Platform Sage

Brooke Juniper, former head of digital engagement at BlackRock, has been named CEO of Sage, TIFIN’s AI-powered CIO platform.

Juniper spent the previous 16 years at BlackRock, the place he co-founded and led the asset supervisor’s US Wealth Portfolio Options group.

Based by Dr. Vinay Nair, TIFIN started as a startup incubator and holding firm with greater than a dozen companies, a number of of which merged into TIFIN Wealth, an entire platform for wealth managers. There’s a platform.

TIFIN has invested closely in AI expertise, together with Sage, which gives portfolio insights and actionable suggestions for purchasers and prospects.

The agency additionally operates MagniFi, a pure language-powered search engine and product market, to assist advisors make funding choices.

In January, TIFIN and Franklin Templeton introduced TIFIN @Work, an AI-powered worker monetary wellness platform.

In Could 2022, TIFIN introduced the shut of its $109 million Sequence D funding spherical.

FusionIQ named John Phillips a senior strategic advisor.

Woburn, Mass.-based Fusion IQ has appointed John Phillips as senior strategic advisor. FusionIQ is a monetary expertise firm with a proprietary algorithm for scoring shares and ETFs. Phillips beforehand served as govt vice chairman and head of platform gross sales at Constancy Institutional and chief working officer at Gomez Advisors.