New York City-based WealthFeed, an AI-driven lead generation tool for advisors, has raised $2 million in funding from Thicket Ventures, a venture capital firm founded by Justin Wisz, former CEO and co-founder of Vestorly. Executives from the RIA, investment banking and private equity sectors have also invested, including Joe Jolson, founder of JMP Group, and Jim Hagedorn, founder of Chicago Partners Wealth Advisors, an RIA with $5 billion in AUM.
Wisz, Jolson and Hagedorn will join WealthFeed's board of directors. Wisz co-founded Vestorly, a content marketing engine that he left in 2018 to join venture capital firm RTP Ventures. Vestorly was purchased in 2022 from FMG, a marketing technology company for advisors.
WealthFeed is a financial services spin-off Catalyze AIa lead generation platform for real estate agents.
Sam Kendree, co-founder of WealthFeed, said the platform uses proprietary AI technology to aggregate nine real-time money data points, including business sales, capital growth, inheritance and job changes. The platform scrapes data from publicly available databases, such as SEC filings and LinkedIn announcements, to identify promising prospects.
WealthFeed launched early last week, and about 50 advisors are currently beta testing it.
The company charges $149 per month per advisor to use the technology. Advisors on the platform can purchase additional credits above those included in the standard monthly fee to unlock more prospects.
TIFIN Hires BlackRock Exec to Lead CIO Sage Platform
Brooke Juniper, former head of digital engagement at BlackRock, has been named CEO of TIFIN's CIO platform, Sage.
Juniper spent the last 16 years at BlackRock, where he co-founded and led the asset manager's US Wealth Portfolio Solutions group.
Founded by Dr. Vinay NairTIFIN began as a startup incubator and holding company with more than a dozen businesses, some of which merged into TIFIN Wealth, a full-scale platform for wealth managers.
TIFIN has invested heavily in AI technology, including Sage, which provides portfolio insights and actionable recommendations to customers and prospects.
The firm also operates Magnifi, a natural language-powered search engine and product marketplace, to help advisors make investment decisions.
In January, TIFIN and Franklin Templeton announced TIFIN @Punaan AI-powered employee financial wellness platform.
In May 2022, TIFIN announced the closing of $109 million Series D funding round.
FusionIQ appoints John Phillips a senior strategic advisor
Woburn, Mass.-based FusionIQ has named John Phillips as senior strategic advisor. FusionIQ is a financial technology company with a proprietary algorithm for evaluating stocks and ETFs. Phillips previously served as executive vice president and head of platform sales for Fidelity Institutional and chief operating officer at Gomez Advisors.